Hong Kong Airlines will raise its fuel surcharges by up to 35.2 per cent from Thursday amid soaring oil prices driven by escalating conflict in the Middle East, becoming the first local carrier to do so. The airline announced on its website on Tuesday that fuel surcharges for tickets issued on or after March 12…
By Maya Gebeily, Alexander Cornwell, Nandita Bose and Parisa Hafezi BEIRUT/MIAMI/TEL AVIV/DUBAI, March 8 (Reuters) – U.S. President Donald Trump said he is not interested in negotiating with Iran and raised the possibility that the Iran war would only end once Tehran no longer has a functioning military or any remaining leadership in power. Speaking…
Nearly a week into the United States-Israel war on Iran and the BRICS bloc, a multi-country alliance that includes Tehran, has not reacted in any form to the conflict. To analysts and political observers, that seems out of character. When the 12-day war between Israel and Iran broke out in June last year, the bloc,…
The escalating conflict in the Middle East is set to drive up travel costs for Hong Kong passengers as many are forced to opt for more expensive direct routes to Europe, according to analysts. They said on Monday that the suspension of major transit hubs in Dubai in the United Arab Emirates (UAE) and Doha…
Adverse impacts from the US-Israel strikes on Iran unfolded on Monday, disrupting supply chains, driving up oil prices and leaving many Middle East business leaders at a major trade fair in Hong Kong in an awkward position. As the strikes entered a third day, oil prices surged 13 per cent – the biggest rise in…
Hong Kong’s public airmail services to 24 countries across the Middle East, Africa and Central Asia have been affected after a joint US-Israeli attack on Iran forced flight cancellations to two Gulf states and disrupted transit journeys. A Hongkong Post spokesman said on Sunday evening that the department’s airmail services to Saudi Arabia and the…
Photo credit: breakbulk.news Chinese President Xi Jinping announced on Saturday, via state media, that Beijing will remove tariffs for all but one African country starting May 1. China already has a zero-tariff policy for imports from 33 African countries, but Beijing said last year it would extend the policy to all 53 of its diplomatic…
When Malaysian civil engineering contractor BBSB International listed in Hong Kong last month, its offering was oversubscribed by a factor of nearly 11,000, and its shares rose more than fivefold from their offer price of HK$0.60 on the morning of their trading debut. BBSB is one of several non-Chinese companies that have flocked to Hong…
Hong Kong-based CK Hutchison Holdings is expected to move forward with selling its remaining port assets, despite Panama’s Supreme Court nullifying its contract for two terminals at either end of the country’s geostrategically vital canal, according to experts. But the effort by billionaire Li Ka-shing’s conglomerate to offload the rest of its ports would still…
Hong Kong should focus on connecting its capital markets with African financial centres so that companies and Belt and Road Initiative projects on the continent can raise funds in the city, according to a council that advises the government on development strategy. In addition to being a funding source for commercial enterprises and infrastructure projects,…