Cosco Shipping Ports, a unit of state-owned giant Cosco Shipping, reported modest earnings growth for 2025, as management expects to expand in emerging markets amid rising geopolitical risks to global trade. Net profit rose 1.1 per cent to US$312.1 million, and revenue increased 11 per cent to US$1.67 billion, according to its 2025 results. Total…
Hong Kong travel agencies have suspended all tours to the Middle East this month, including those requiring flight transfers through the region, citing safety concerns amid the ongoing war. The announcement was issued on Monday evening, after renewed Iranian drone strikes targeted Dubai International Airport and other infrastructure in the United Arab Emirates, in retaliation…
South Korea and Japan have led declines in global stock markets amid the oil shock, underscoring how supply disruptions in the Middle East are weighing on growth in economies heavily reliant on fuel imports. The Kospi index in Seoul has slumped 12 per cent since the US-Israel war with Iran broke out on February 28,…
With his peroxide blond hair, dark moustache and luxuriant eyebrows, London-born curator and writer James Taylor-Foster is easy to pick out among the tourists and selfie-takers in the courtyard of Yick Cheong Building, also known as the “Monster Building”, in Hong Kong’s Quarry Bay neighbourhood. The South China Morning Post is meeting the 33-year-old here…
Demand for some regional holiday destinations among Hong Kong travellers has jumped by as much as 30 per cent ahead of Easter, as locals seek to avoid long-haul trips amid rising airfares and disrupted routes caused by the ongoing war in Iran, according to industry players. Travel agencies said the number of inquiries for trips…
Hong Kong authorities are coordinating with local airlines to increase direct flight and transfer capacity, turning the challenges posed by the US-Israel war on Iran into opportunities, the transport minister has said. Secretary for Transport and Logistics Mable Chan also said the ongoing Middle East turmoil had deeply disrupted global trade and aviation networks, underscoring…
March 13 (Reuters) – President Volodymyr Zelenskiy was quoted as saying on Friday the U.S. had sought a postponement of the latest round of three-sided talks on a settlement to Ukraine’s four-year-old conflict with Russia. Zelenskiy, whose comments were quoted by various Ukrainian media outlets at the end of a visit to France, said the…
March 12 (Reuters) – The U.S. and Western allies clashed with Russia and China on Thursday over Iran’s nuclear intentions, as Washington sought at the United Nations to further justify the war it launched on Iran two weeks ago. At a meeting of the 15-member U.N. Security Council, which is chaired this month by the…
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…