Cargo business of Hong Kong’s Cathay ‘set for sharp decline amid Trump tariffs’

Cargo business of Hong Kong’s Cathay ‘set for sharp decline amid Trump tariffs’

Hong Kong flag carrier Cathay Pacific Airways’ cargo business faces declining China-US e-commerce volumes, rising chartered flight cancellations and falling freight spot rates, but full-year profits could be cushioned by lower jet fuel costs, according to a research report. The report, which was published by HSBC on Wednesday, also said the company’s cargo business would…

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Boost for Hong Kong businesses over break despite 1.4 million locals leaving

Boost for Hong Kong businesses over break despite 1.4 million locals leaving

Restaurateurs and retailers in Hong Kong reported increased foot traffic and business throughout the first four days of mainland China’s Labour Day “golden week” break compared with last year, but the number of departing locals was still nearly 50 per cent more than incoming visitors. Data from Hong Kong’s Immigration Department also showed that travellers…

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Boost for Hong Kong businesses over break despite 1.4 million locals leaving

Boost for Hong Kong businesses over break despite 1.4 million locals leaving

Restaurateurs and retailers in Hong Kong reported increased foot traffic and business throughout the first four days of mainland China’s Labour Day “golden week” break compared with last year, but the number of departing locals was still nearly 50 per cent more than incoming visitors. Data from Hong Kong’s Immigration Department also showed that travellers…

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Universities competing to open Hong Kong’s third medical school meet officials

Universities competing to open Hong Kong’s third medical school meet officials

Hong Kong authorities have met with three universities competing to establish the city’s third medical school, with a minister co-chairing the task force pledging its assessments will be completed by the end of the year. Members of the government’s Task Group on New Medical School met with representatives from Baptist University, Polytechnic University and the…

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