A good week for ...
For a city with one of the oldest Chinatowns in the United States, it was about time someone with roots from the Far East was put in charge of San Francisco. Although the Chinese-American community - 21 per cent of the city's population - is a powerful force in local politics, the election of Ed Lee was the first time voters have put an Asian-American into the city's top job. 'I'm going to do my best to keep uniting the city,' Lee said. It was a swift rise for Lee, a little-known city administrator when appointed interim mayor in January by then-mayor Gavin Newsom.
Sacked from the top job at Japan's Olympus Corp last month, the Briton could be on course for a stunning comeback. Baillie Gifford & Co, which invests in Olympus shares for big clients, wants Woodford back. Olympus, which has lost 500 billion yen (HK$50 billion) in market value since Woodford's ousting, is being investigated by police and regulators. But Woodford may not be keen to return, saying he fears for his safety in Japan.
Steven Lo Kit-sing
The entertainment tycoon aims to take on Lan Kwai Fong after turning Tonnochy Tower into a one-stop shop for all forms of entertainment. Dubbed 'The Tonno', the three-storey, 3,345 square metre centre opened on Thursday with a pub, club, live-band bar, restaurant and 31-room karaoke box. Lo said he had been looking for a place for the Wan Chai branch of his Red MR karaoke chain when he came across the building and loved the location. He invested HK$100 million in it. 'We want The Tonno to be a landmark in Hong Kong. People will come here for an all-in-one service when they want entertainment,' he said.