The US stock market has whipsawed this week over mounting concerns of an economic downturn, as president Donald Trump’s trade war escalates. Wall Street witnessed a selloff at the start of the week, after Trump declined to rule out the possibility that the US economy could dip into a recession this year, in an interview…
By Lucy Craymer WELLINGTON (Reuters) – Corey Ngaru and his partner Elian Lellimo left recession-hit New Zealand for the sunshine of Australia’s Gold Coast just a week ago, bidding a teary farewell to family and friends as they seek better jobs and pay elsewhere. “There’s a bunch more options, more opportunities,” said Ngaru, who estimates…
Following a bumpy take-off in 1998, Hong Kong International Airport has been consistently rated one of the world’s best, and justifiably so. It is now aiming even higher with an ambitious HK$100 billion (US$12.83 billion) makeover to become “the landmark of Asia”, with top tourism, cultural, entertainment and commercial facilities unrivalled by any other aviation…
Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for…
At a time when Hong Kong tycoons are being called upon to help with the country’s development as it undertakes much-needed reforms, Michael Kadoorie can point to his family’s long-storied involvement in both the city and mainland China as ample proof of that commitment. Yet in a rare recent interview, the media-shy Kadoorie and his…