By Che Pan and David Kirton BEIJING/SHENZHEN (Reuters) – China’s Huawei Technologies said on Monday its profit fell by almost a quarter in 2024 versus a year prior when income from the sale of its Honor handset unit provided an earnings boost, while its revenue grew at the fastest rate in five years. Net profit…
I apologise for returning so soon to the subject of Hong Kong’s public finances. However, I still don’t think the population at large, and in particular, our Legislative Council members, have fully grasped the extent of our present difficulties. Part of the reason is a presentational issue. The operating account is reported on a cash…
Trump layoffs could impact IRS, tax refunds, experts say Tax experts are advising taxpayers to file early to avoid delays as the IRS faces potential layoffs from the Trump administration. IRS hasn’t experienced glitches issuing tax refunds so far, experts say. For the week ending March 7, the average federal income tax refund was $3,324…
Hong Kong flag carrier Cathay Pacific Airways’ net profit rose 1 per cent to HK$9.9 billion (US$1.3 billion) in 2024, marking its second consecutive year of robust performance driven by stronger cargo and passenger demand, lower fuel prices and higher cost efficiencies. Cathay Group chairman Patrick Healy said on Wednesday that the results were strong…
The arguments for allowing legal betting on basketball are much the same as those for legalising football betting in 2003. Then, expansion of legal gambling beyond horse racing and Mark Six was justified to combat thriving illegal operations, which is now the case with rogue betting on basketball. The latter now turns over up to…
Hello! 🙋🏼♀️ I’m Nicole Fallert, and welcome to Tuesday’s Daily Briefing. Don’t fear the worm moon. In today’s news: American stocks take a major tumble The American stock market had its worst day of the year on Monday, when the tech-heavy Nasdaq and broad S&P 500 posted their biggest one-day drop since September 2022. Why? Investors…
For more than 20 years, Sherman Oaks florist Mark’s Garden has designed the towering greenery and blooming displays seen at the Oscars. Getting that Hollywood awards-season work is key, particularly during the business’ typically slow first quarter of the year. And the free advertising that comes with your floral arrangements gracing the year’s biggest stage?…
Hong Kong’s finance chief is considering raising government revenues by legalising basketball betting as part of measures to tackle the city’s close-to-HK$100 billion (US$12.9 billion) fiscal deficit, the Post has learned. Two days before Paul Chan Mo-po’s budget speech, an insider confirmed on Monday that authorities could allow the Hong Kong Jockey Club to expand…
Hong Kong will follow a strategy of “fiscal consolidation”, with the government “strictly controlling” public spending to address the deficit even as it seeks to improve services related to residents’ livelihoods, the finance chief has said. Three days before he is set to deliver his 2025-26 budget speech, Financial Secretary Paul Chan Mo-po on Sunday…
A Husky dog in China has become an internet celebrity by helping guests transport their luggage to a homestay hotel. The unusual service has attracted many tourists and generated revenues as high as 200,000 yuan (US$27,000) over a three-day period. Nicknamed Hakimi, the four-legged porter was raised by Xu, the owner of a homestay in…