Hong Kong flag carrier Cathay Pacific Airways’ extended suspension of its Middle Eastern flights is likely to have a limited financial impact on its passenger operations as its expanded European services should help offset losses, aviation experts have said. But they warned of broader effects on its cargo business, given the loss of the Middle…
Hong Kong is a stable base for global wealth as rising geopolitical tensions and economic uncertainties prompt wealthy families to rethink where they base their assets, according to Financial Secretary Paul Chan Mo-po. “We are living in a world marked by uncertainty and conflicts,” Chan said at the gala dinner of the Wealth for Good…
PARIS, March 24 (Reuters) – French media tycoon Vincent Bolloré told lawmakers on Tuesday that he had become the “perfect scapegoat” for what he described as a hostile elite, rejecting accusations that his conservative media empire was waging a political war. The hearing forms part of a parliamentary investigation into France’s public broadcaster, an inquiry…
By Crispian Balmer and Angelo Amante ROME, March 24 (Reuters) – Giorgia Meloni’s defeat in a justice reform referendum has thrust the Italian leader into the toughest phase of her premiership, with her authority weakened, her reform programme in tatters and no easy way to regain the initiative. The prime minister’s right-wing coalition suffered a…
VILNIUS, March 24 (Reuters) – A military drone that crashed in Lithuania came from Ukraine and was aimed at attacking Russia’s oil exports before going astray, the Baltic country’s government said on Tuesday. Lithuania’s armed forces said on Monday a suspected drone had entered the country’s airspace and crashed into an ice-covered lake some 20…
BERLIN, March 24 (Reuters) – Germany’s foreign minister said on Tuesday that he believed U.S. President Donald Trump’s announcement about talks with Iran could mark a turning point in the nearly month-long conflict. “Something is happening, and that’s a good thing in this time when there have been more risks of escalation than possibilities of…
MOSCOW, March 24 (Reuters) – The Kremlin on Tuesday, when asked about a Reuters report that Russia was postponing a plan to boost long-term fiscal reserves, said that the issues were being worked out and that they were being discussed at President Vladimir Putin’s meetings on the economy. Reuters’ sources said on March 23 that…
March 24 (Reuters) – Russia would view any spillover of the Iran conflict into the Caspian Sea “extremely negatively”, Kremlin spokesman Dmitry Peskov said on Tuesday. Israel said last week its military had carried out strikes on the Iranian navy in the Caspian, hitting dozens of targets including missile boats. A military spokesperson said Israel…
Hong Kong flag carrier Cathay Pacific Airways has further extended its suspension of all flights to and from the Middle East until the end of May, amid a regional conflict that shows little sign of abating. But the airline will increase flights to Europe starting next month to cater to surging demand. In an announcement…
KYIV, March 24 (Reuters) – Russia launched drones and missiles overnight on Tuesday at Ukraine, killing at least three people, damaging houses and triggering fires, Ukrainian officials said. The attack came as President Volodymyr Zelenskiy warned on Monday of an imminent, mass Russian attack on the country, citing Ukrainian intelligence. One person was killed and…