Hong Kong entrepreneurs with operations in the Middle East are recalibrating their global footprints to hedge against mounting geopolitical instability and losses resulting from the widening conflict in Iran. The shift in business strategy followed the outbreak of the US-Israel war with Iran last week, prompting firms to draw up contingency plans by pivoting to…
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…
Businesses in Hong Kong remain confident of weathering uncertainties after US President Donald Trump raised global tariffs in response to a Supreme Court ruling that struck down his sweeping levies on imports. The local business sector was convinced that the impact of the new 15 per cent global tariff would be “limited”, echoing the opinion…