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…
Overseas galleries exhibiting at Art Central in Hong Kong are considering keeping their artworks in the city for months after the fair ends amid rising shipping prices as a result of the US-Israeli war on Iran. Ahead of the fair’s opening at the Central Harbourfront on Wednesday, gallerists told the South China Morning Post that…
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…
JPMorgan Chase plans to expand its corporate banking team by about 10 per cent across Asia-Pacific this year, as its plans in the region will not be slowed down by uncertainties arising from the US-Israel war on Iran, according to a senior executive. The hiring campaign was part of the lender’s longer-term plan, which aimed…
The surge in oil prices caused by the Middle East conflict will drive up the cost of plastic products, construction materials and even household goods such as toilet paper in Hong Kong, according to business leaders. They also warned on Monday that some local exporters and manufacturers faced a cash-flow squeeze as overseas buyers opted…
March 23 (Reuters) – Ukraine’s military intelligence has “irrefutable” evidence that Russia continues to provide intelligence to Iran, Ukrainian President Volodymyr Zelenskiy said on Monday after meeting the head of military intelligence. “Russia is using its own signals intelligence and electronic intelligence capabilities, as well as part of the data obtained through cooperation with partners…
The Hong Kong government has raised the outbound travel alert for Iran and Israel to black, and expanded the amber alert to include Bahrain, Jordan, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). The government on Monday announced the escalation “in view of the continued deterioration of the situation in the Middle East…
Most overseas galleries were able to attend Hong Kong’s two annual art fairs, part of the much-anticipated Art March celebration, despite the conflict in the Middle East, though questions remain over how participants and artworks will leave the city as air travel continues to face heavy disruption. Organisers and logistics suppliers told the South China…
Hong Kong will raise its postage rates next month amid surging oil prices triggered by the conflict in the Middle East, with the cost of posting local letters increasing by 9 per cent to HK$2.40 (31 US cents). Hongkong Post on Monday said that the new rates would come into effect from April 13, highlighting…