The closure of Apple Daily would undermine the former British colony's reputation as an open and free society.
and send a warning to other companies that could be accused of colluding with a foreign country, media advocacy groups said.
"We thought we'd be able to make it to the end of the month. It's just getting harder and harder. It's essentially a matter of days." Three other executives were also arrested on Thursday when 500 police officers raided the newspaper's offices, drawing condemnation from Western nations, global rights groups and the U.N. spokesperson for human rights.Hong Kong and Chinese officials said press freedom cannot be used as a"shield" for those who commit crimes, and slammed the criticism as"meddling.
Simon told Reuters it had now become impossible to conduct banking operations in the global financial hub.The newspaper has come under increasing pressure since owner and Beijing critic Lai, who is now in jail, was arrested under the national security law last August and has since had some of his assets frozen.
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