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…
Hong Kong should leverage its position as a “safe haven for investment” to attract foreign capital amid the ongoing conflict in the Middle East, the head of InvestHK has said, noting that more companies using Dubai as a hub have shifted to the city to diversify risk. The call came as finance chief Paul Chan…
Tickets from Hong Kong to many mainland Chinese destinations connected by cross-border high-speed rail services are nearly sold out for the first two days of the five-day holiday over Easter and the Ching Ming Festival. The mainland cities have become an alternative for travellers, with the escalating war in the Middle East triggering a global…
LONDON, March 22 (Reuters) – British cabinet minister Steve Reed said on Sunday that there was no assessment that backed claims Iran is planning to strike Europe with ballistic missiles, or that it even has the capacity to do so. On Saturday, the Israel Defence Forces posted on social media that Iran has missiles “that…