China’s exports of electric trucks to other Asian countries have spiked, adding to a surge in domestic sales as higher fuel costs as a result of the Iran war accelerate regional electrification. China’s rapid adoption of e-trucks – from lighter vehicles to tractor-trailers – has partially shielded the world’s biggest auto market from the impact…
WASHINGTON, Aug 12 (Reuters) – Closed aircraft window shades. A ballcap pulled low to hide the president’s face. Seized cellphones. Strict warnings against leaks. These are all hallmarks of secret, unannounced trips made by American presidents to war zones and high-risk areas, a decades-old practice that has drawn new scrutiny after President Donald Trump sneaked…
Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf’s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million in the first half, with operating…
Hong Kong and Malaysia are poised to deepen economic ties across key sectors, such as semiconductor manufacturing, to unlock mutual growth opportunities, the head of the city’s Trade Development Council (TDC) has said. Council chairman Frederick Ma Si-hang made the comment on Monday as he joined Hong Kong’s biggest delegation to Malaysia to date under…
Hong Kong’s commerce chief is set to lead a delegation of mainland Chinese and local firms to Malaysia next week, noting that about 200 enterprises from across the border have already set up offices in the city since last year, using it as a stepping stone to go global. Secretary for Commerce and Economic Development…
CLP Holdings, the parent company of a top Hong Kong energy firm, has posted an underlying profit of HK$5.73 billion (US$730.49 million) in the first half of 2026, a 9.7 per cent year-on-year rise, driven by growth in its local regulated business. Its chairman also said the company planned to invest to boost the electricity…
By Ahmed Tolba, Nafisa Eltahir and Yasmine Ghania CAIRO/DUBAI, July 31 (Reuters) – Oil prices rose on Friday after Iran said it had stopped two vessels seeking to exit the Strait of Hormuz, underscoring concerns over global energy supplies following a drone attack on ships in a Mediterranean Egyptian port this week. Iran said four…
Hong Kong’s economy expanded by 4.3 per cent year on year in the second quarter of 2026, with the government expecting “solid growth” to continue for the remainder of the year. A government spokesman attributed the robust momentum to buoyant external trade and resilient domestic demand. “Looking ahead, the Hong Kong economy should continue to…
Hong Kong taxi and light bus drivers have called for a two-month liquefied petroleum gas (LPG) subsidy scheme to be extended amid uncertainty over wars in the Middle East, and warned monthly operating costs could rise by up to 33 per cent when the policy ends. A government task force rolled out the subsidy on…
The Exchange Fund, the war chest used to defend the local currency, reported a 37 per cent decline in first-half earnings as losses in Hong Kong equities and weaker bond returns weighed on performance, the Hong Kong Monetary Authority (HKMA) said on Tuesday. Earnings stood at HK$134.7 billion (US$17.17 billion), down from the record half-year…