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,…
NEWYou can now listen to Fox News articles! FIRST ON FOX: More than a decade ago, China launched its Belt and Road Initiative, pouring billions into ports, railways and power plants across the developing world to extend Beijing’s economic and political reach far beyond its borders. Today, experts say China is applying that same playbook…
The race between the US and China to dominate the world’s artificial intelligence industry has become “complex and challenging to forecast”, according to ChatGPT creator OpenAI. “The US continues to lead on model capabilities, and US models also have maintained a meaningful lead in science and more complex reasoning,” said the post written by OpenAI’s…
A UN agency and a charity established by former Hong Kong leader Leung Chun-ying have agreed to strengthen collaboration on public health projects, following talks in Switzerland. Tedros Adhanom Ghebreyesus, director general of the World Health Organization, met GX Foundation chairman Leung and CEO Emily Chan Ying-yang in Geneva, the charity said in a social…