The Hong Kong Science and Technology Parks Corp (HKSTP) has appointed Terry Wong Ping-sau as CEO, refreshing its top spot after nine years to drive the organisation forward amid advances in technology. Wong be replacing Albert Wong Hak-keung on August 1, the company said in a statement on Monday. He will bring 30 years of…
A leading engineer, who spent 20 years working for the global oil giant Shell, has left Britain to take up a position at a Chinese university to lead a team working with the petroleum industry on low-carbon technology. Jing Xudong, who was an adjunct professor at Imperial College London at the time of his departure,…
Shares in oil major Shell (SHEL.L) fell 3.2% on Monday, after the company warned that it expected to report lower trading and production results for its gas division in the second quarter. Shell lowered the top end of its production guidance for the integrated natural gas division to 900,000 to 940,000 barrels of oil equivalent…
Global shares were largely unchanged on Wednesday after unexpectedly weak US labour market data and a rout in British markets as speculation grew about UK chancellor Rachel Reeves’ political future. Dublin The Iseq index moved 0.2 per cent higher, led by Ryanair and the main Irish banks. The airline jumped 0.7 per cent to €23.99…
In This Story If you thought last week was a heavy one for markets — big intraday swings, shifting sentiment — just wait. Another packed slate of earnings and economic data is on the way, offering one of the clearest views into the health of American business yet this year. Think Amazon (AMZN), Meta (META),…
Washington: The stock market rout triggered by US President Donald Trump’s punishing tariff wars wiped over $10 trillion off major markets across the globe. The financial destruction, historic in scale, was equivalent to just over half of the GDP of the European Union, according to a report by Bloomberg. After Trump announced sweeping tariffs last…
HSBC has signed Hong Kong’s first deal for the corporate purchase of sustainable aviation fuel (SAF) to cut its travel-related carbon emissions, ahead of government policies aimed at driving the use of the fuel to help the city meet its climate goals. In a three-party agreement announced on Tuesday, the city’s largest bank agreed to…
This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. Good morning, Billionaire philanthropist MacKenzie Scott offloaded more Amazon shares, a new filing shows, as she remains one of the nation’s most prolific donors. Scott received about 400 million shares of Amazon as part…