Hong Kong authorities have extended the tender deadline for the next Kai Tak Cruise Terminal operator by a month, after bidders sought more time to prepare for new management requirements and key performance indicators. The Culture, Sports and Tourism Bureau said on Friday that the tender’s closing date would be extended from May 22 to…
Hong Kong’s famed Peak Tram will raise its fares from next Monday, with standard ticket prices for children and the elderly increasing by nearly 40 per cent. The Peak Tramways Company announced on Monday that return tickets for adults would cost HK$116 (US$15) while one-way tickets would be HK$82, a rise of 7 to 8…
Qualcomm on Monday announced the release of a new series of artificial intelligence chips to compete with the market leader Nvidia, as the race to cash in on the massive AI datacenter buildout heats up. If successful, Qualcomm, a San Diego-based tech giant, could win a spot in the data centers powering AI as customers…
Hong Kong’s jobless rate remained at 3.7 per cent between June and August, as the city’s food and beverage and manufacturing sectors continued to struggle. Preliminary data released by the Census and Statistics Department on Tuesday also showed that the number of unemployed grew by about 6,000 to 151,000 between June and August from the…
Summer is over, and stock investors used to placid markets are getting a wakeup call. Equity markets were sharply lower on Monday, with losses in major indexes hovering around 1%. Traders are responding to further uncertainty around Trump tariffs and a spiking 30-year Treasury yield. The selling comes on the heels of positive August for…
Earlier this year, the “Sell America” trade was in full force. It can be argued that the peak of the movement came in April and May, after President Trump’s infamous “Liberation Day,” and as Moody’s downgraded the US’s credit rating. The yield on the 30-year Treasury bond surged above 5% as foreign investors dumped US…
A Hong Kong doctor has been jailed for nine months for issuing Covid-19 vaccination exemption certificates to four people without making a proper medical diagnosis, as a court heard how he raked in more than HK$4.6 million (US$585,980) from those who wanted to avoid the inoculations. The District Court on Friday sentenced Dr Wong Ping-leung…
A Hong Kong doctor has been jailed for nine months for issuing Covid-19 vaccination exemption certificates to four people without making a proper medical diagnosis, as a court heard how he raked in more than HK$4.6 million (US$585,980) from those who wanted to avoid the inoculations. The District Court on Friday sentenced Dr Wong Ping-leung…
Key moments Inflation cools in May to 3.4% FTSE 100 to open 8.5 points higher, with focus on Middle East US Federal Reserve set to hold interest rates Sign up for our daily business newsletter here Consumer price inflation dips The rate of growth in UK inflation dipped to 3.4 per cent in May, down…
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