WRAPUP 3-Cathay CEO resigns amid Hong Kong protest blowback as more rallies planned

The boss of Hong Kong carrier Cathay Pacific Airways quit on Friday, the highest-profile corporate casualty of unrest roiling the former British colony, after Beijing targeted the airline over staff involvement in mass protests. Demonstrators say they are fighting the erosion of the “one country, two systems” arrangement that has enshrined some autonomy for Hong Kong since China took it back from Britain in 1997. Several thousand protesters gathered peacefully at a downtown park on Friday for the “Stand with Hong Kong, Power to the People” rally, which had received police permission.

Source: yahoo.com/news