HK Electric has announced a nearly 34 per cent rise in its fuel charge, after a double-digit increase last month, as the war in the Middle East contributed to a “significant rise” in global fuel prices. The utility, which mainly serves Hong Kong Island and Lamma Island, also warned on Thursday that the charge was…
VIENNA, June 24 (Reuters) – The U.N. nuclear watchdog will carry out inspections in Iran soon following an interim peace accord between the United States and Iran, but modalities have yet to be finalised, the agency’s chief Rafael Grossi said on Wednesday. The two sides signed a 14-point memorandum of understanding last week setting out…
Hong Kong flag carrier Cathay Pacific Airways will lower fuel surcharges on most passenger flights for the second time in less than two months, with the revised rates taking effect from July 1 as fuel costs ease from highs triggered by the Middle East war. Under the new rates announced on Tuesday, passengers departing from…
DUBAI, June 17 (Reuters) – Iran and the United States will end fighting on all fronts, per MoU details published by Iran’s official IRNA news agency on Wednesday, adding both countries to end naval blockades in the region. Iran’s official news agency released details of the deal planned to be signed on Friday, shortly after…
GENEVA, June 8 (Reuters) – Spending on nuclear weapons by the world’s nine nuclear-armed states rose by almost a fifth in 2025 to $119 billion, a report by the International Campaign to Abolish Nuclear Weapons said on Tuesday. The 19% increase from 2024 produced the highest expenditure on nuclear weapons since the campaign group began…
As part of its decades-old “multi-vector” foreign policy, based on balancing relations between major powers such as China, Russia, the United States and the European Union, Kazakhstan – Central Asia’s largest country – is now actively diversifying its economic and financial policies. While in the past, Astana sought to strengthen cooperation with the United Arab…
United States carrier Delta Air Lines has resumed direct flights to the city after the pandemic, launching a daily service to Los Angeles amid surging fuel prices. Jeff Moomaw, the airline’s vice-president for Asia-Pacific, said on Monday that it would take some time to increase services connecting the city to more destinations as the carrier…
Central Asia can become a strategic logistics hub for Hong Kong as wars in the Middle East and Europe persist, with cargo volume between the city and two countries in the region surging nearly fivefold year on year, the Airport Authority chairman has said. Fred Lam Tin-fuk, who joined a recent trip with Chief Executive…
By Francois Murphy and John Irish VIENNA/PARIS, June 5 (Reuters) – The United States is preparing a draft resolution condemning Iran ahead of next week’s meeting of the U.N. nuclear watchdog’s Board of Governors, diplomats said on Friday, a step that could complicate wider talks between the U.S. and Iran. Washington and Tehran are negotiating…
The non-executive chairman of Hong Kong rail giant the MTR Corporation has been elected as the new head of the city’s largest business chamber for a one-year term. Jacob Kam Chak-pui, 64, took over as chairman of the Hong Kong General Chamber of Commerce on Wednesday following an election among members, expressing “strong confidence” in…