Assets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub. Financial firms in Hong Kong managed HK$42.2 trillion (US$5.38 trillion) worth of assets last year, a 20 per cent increase from the previous…
July 2 (Reuters) – In Russia’s grain belt, farmers fret they will not be able to harvest their crops as a fuel crisis sparked by Ukraine’s drone attacks on oil refineries and depots disrupts daily life. As Kyiv tries to pressure Moscow into making peace with strikes on the country’s energy infrastructure, the resulting damage…
SHANGHAI, June 30 (Reuters) – Collector Xiao Neng says he has spent at least $1 million on Ralph Lauren clothing over the past four to five years, building a wardrobe so large that he now sells pieces of it in two vintage stores that he opened in downtown Shanghai. The 23-year-old is part of a…
NAIROBI, June 30 (Reuters) – A leading East African media group whose outlets in Uganda were shut down at the weekend by soldiers is in talks with the military to reopen, with staff still unable to access offices, the organisation’s managing director in the country told Reuters. The closure of six newspapers and radio and…
ZURICH, June 30 (Reuters) – Personal wealth in 2025 grew at its fastest pace in years, creating nearly one million new U.S. dollar millionaires worldwide, Swiss bank UBS said in its annual Global Wealth Report published on Tuesday. • Total personal wealth globally rose by 10.8% last year, up from 4.6% in 2024 and 4.2%…
June 28 (Reuters) – Russian attacks killed at least four people on Sunday in Ukraine’s southeast and northeast, regional officials said. Strikes on the southeastern city of Zaporizhzhia killed two people and injured 16, Regional Governor Ivan Fedorov said on Telegram. Pictures posted online by the governor showed a building ablaze and parts of a…
PARIS, June 28 (Reuters) – France has recorded 1,000 excess deaths during the blistering heatwave sweeping Europe, the public health agency said on Sunday, warning that the true figure was likely to be higher. Detailing its preliminary count of excess deaths, Sante Publique said most of the fatalities involved older people and that it expected…
The global higher education landscape has shifted markedly over the past five years, with universities across Asia, particularly in Hong Kong and mainland China, climbing international rankings while more than 70 per cent of US institutions slipped, a South China Morning Post analysis has found. UK-based education data firm Quacquarelli Symonds (QS) said the trend…
In the second of a two-part series on the economy as Hong Kong marks 29 years since its return to Chinese rule, Lo Hoi Ying and Leopold Chen look at the city’s efforts at closer integration with the nation and the opportunities and obstacles it presents. Part one can be found here. A question from…
VIENNA, June 24 (Reuters) – The U.N. nuclear watchdog will carry out inspections in Iran soon following an interim peace accord between the United States and Iran, but modalities have yet to be finalised, the agency’s chief Rafael Grossi said on Wednesday. The two sides signed a 14-point memorandum of understanding last week setting out…