Ragasa lashes Hong Kong: Fullerton Ocean Park Hotel breached by waves, barge grounded

Ragasa lashes Hong Kong: Fullerton Ocean Park Hotel breached by waves, barge grounded

Super Typhoon Ragasa wreaked havoc across Hong Kong on Wednesday, with strong waves shattering the glass doors of an Ocean Park hotel and violent winds blowing a barge ashore and tearing air-conditioning units from homes. Dubbed the “king of storms” by mainland Chinese weather authorities, Ragasa maintained winds of 220km/h (137mph) near its centre when…

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AI and smart manufacturing come to the fore as multinationals face cost hikes: StanChart

AI and smart manufacturing come to the fore as multinationals face cost hikes: StanChart

Three in five multinational companies expect costs to rise due to ongoing geopolitical uncertainties, which is spurring their adoption of artificial intelligence and smart manufacturing to offset financial pressure, according to a Standard Chartered survey on Wednesday. About 62 per cent of top executives surveyed predicted cost increases of 5 to 14 per cent in…

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Chinese tech firms rush to list in Hong Kong to fund overseas expansion

Chinese tech firms rush to list in Hong Kong to fund overseas expansion

Some of the mainland firms currently looking to list in the city include China Micro Semicon (Shenzhen), Suzhou Dongshan Precision Manufacturing and Mech-Mind Robotics Technologies. “The Hong Kong market has had a strong rally this year, with international investors chasing mainland technology companies, particularly semiconductor, AI and robotics companies,” said Tom Chan Pak-lam, permanent honorary…

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Hong Kong airport braces for Ragasa backlog of 140,000 affected passengers

Hong Kong airport braces for Ragasa backlog of 140,000 affected passengers

Eager travellers, undeterred by the Airport Authority’s announcement that outbound flights would not resume until 6am on Thursday, have headed to Hong Kong International Airport as Severe Typhoon Ragasa moved away from the city. With all flights suspended until midnight, the authority expected the airport would be very busy and anticipated handling about 1,000 flights….

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