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Amid the over six months of violent anti-government protests and Hong Kong's economic downturn, Mark Lee Po-on said in the memo that advertising and television industries have been hard-hit. To cope with the social unrest, which shows no sign of abating, the broadcaster needs to restructure part of its business to increase efficiencies, he said.

Amazon’s rapid expansion in its hometown comes amid unprecedented of growth for the company worldwide. Amazon?last month reported that it has surpassed 341,000 employees globally, an increase of 110,000 in just the past year, not including temporary or seasonal staff. The company?employs 40,000 people in Washington state, including about 25,000 people at its Seattle headquarters.

Amid tough competition from local rivals such as Huawei Technologies Co Ltd and Xiaomi Corp, Apple needs to prove it remains an innovative leader, and the latest iPhone will be impressive enough to resonate with local consumers, industry insiders say.

Ambassador Teshome is highly expectant of the upcoming forum. "New direction would be set with lessons we have learned from the past two years' experience, I think," he said.

Amid a steady drumbeat of attacks from President Trump that probably don’t make Amazon feel particularly loyal to the leader of the United States, new statistics have emerged that paint Toronto as an attractive candidate for the company’s second headquarters.