A Michigan inmate who accused Combs of drugging and sexually assaulting him at a party almost 30 years ago has been awarded a US$100mil judgment against the rapper and record producer.
HONG KONG: Equities slipped Wednesday following a mixed day on Wall Street, as worries about the world's top two economies offset optimism that the Federal Reserve will start cutting interest rates next week.
Another round of sub-par US jobs data last week revived worries that the world's top economy was slowing more than expected and could be on course for a recession. The long-running troubles in the economy, and recent crackdowns on various sector's by the government, have hammered the mainland and Hong Kong stock markets, which have underperformed in recent years.Tokyo, Sydney, Seoul, Wellington and Manila were also in the red, though Singapore, Taipei and Jakarta edged up slightly.
"Soft landing or full-blown recession? Will the Federal Reserve's easing cycle be a smooth, controlled descent, or are we heading for a fast-and-furious, panic-driven acceleration?
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