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Hit hard by COIVD-19, US restaurant industry is expected to lose 80 billion US dollars of sales revenue by the end of April and revenue losses across the sector could reach 240 billion US dollars by the end of 2020, according to a recent release by the National Restaurant Association (NRA).

Home prices have continued to surge in recent months in China's major cities, sparking concerns that prices may not stop rising in the short term, at least.

His successor will be announced later, said the statement.

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His own mission: Use "gastrodiplomacy" to create an economic chain of value that begins with the native products of every country.

Hong Kong's major real estate agents expect property prices in the city to rise right after Lunar New Year as buyers' pent-up demand is unleashed.

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor warned that Asia's financial center is bracing for an "economic tsunami" never before seen — a situation worse than during the 2003 SARS epidemic and the 2008 global financial crisis.

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His insurance broker told him that because of the pandemic, the company could grant him a threemonth extension, but he still needed to go to Hong Kong to pay the premium by November, or his contract would be invalidated.

Hong Kong's tourism sector has been badly hit by the ongoing protests in the city, with both mainland and international visitor arrivals plunging due to safety concerns, while hotel occupancy rates are also down.

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Ho also appealed to the public to stay home and avoid going out.

Hong Kong police, legal experts and lawmakers warned on Monday of a serious escalation in violence characterized by bomb plots that threaten the lives of residents — after more explosives were seized in Sai Ying Pun on Sunday night.