Hong Kong jewellers will be forced to reduce their exposure to the US, scale back operations, relocate production or even close down, as American President Donald Trump’s decision to impose tariffs on Chinese exports raises levies to as much as 60 per cent, industry leaders have said. The latest tariffs of 34 per cent on…
Tariffs imposed by the US will inevitably have a short-term impact on Hong Kong as an international trading hub, the city’s finance chief said, as he vowed to prepare for the worst and take action to support businesses. Financial Secretary Paul Chan Mo-po weighed in on the sweeping tariffs for the second straight day on…
A senior United States official has discussed the importance of an ongoing audit of CK Hutchison’s management of two ports at the Panama Canal with the country’s foreign minister, amid controversy surrounding the Hong Kong company’s sales of the facilities. Panamanian authorities announced their audit of Hong Kong tycoon Li Ka-shing’s CK Hutchison in January…
Hello readers! Volatility across financial markets jumped on Friday, with Wall Street’s top ‘fear gauge’ soaring to an eight-month high while other market indicators showed growing investor concerns about the ripple effect of President Donald Trump’s sweeping levies. Meanwhile Trump said that big business is not worried about tariffs because they know they are here…
BRUSSELS — The U.K. and French foreign ministers on Friday accused Russian President Vladimir Putin of dragging his feet in ceasefire talks aimed at halting Moscow’s all-out invasion of Ukraine and demanded a swift response from Russia after weeks of U.S. efforts to secure a truce. A Russian drone attack late Thursday on Kharkiv, Ukraine’s second-largest city,…
In the clearest sign that his most powerful adviser Elon Musk will be wrapping up his work inside the government, US President Donald Trump said on Thursday that Musk would likely leave his administration in a “few months”, an AP report said. Trump told reporters aboard Air Force One that “Elon is fantastic” but he…
Beijing’s foreign affairs representative in Hong Kong has met the top US envoy in the city to lodge “solemn representations” against the latest sanctions imposed by Washington on six mainland Chinese and local officials. Cui Jianchun, the commissioner of the Ministry of Foreign Affairs in Hong Kong, also told US Consul General Gregory May on…
Even as he grows older, Microsoft founder Bill Gates still fondly remembers the catalytic computer code he wrote 50 years ago that opened up a new frontier in technology. Although the code that Gates printed out on a teletype machine may look crude compared to what’s powering today’s artificial intelligence platforms, it played a critical…
It’s hard to fathom what Washington hopes to gain realistically by sanctioning six more senior Hong Kong officials. But US vindictiveness knows no bounds. The United States is still smarting over its inability to exploit Hong Kong as an international hub for foreign espionage and interference after the introduction of the national security law. Its…
Hong Kong stocks fell on Wednesday as US President Donald Trump’s expected tariff announcement in Washington cast a shadow of uncertainty over global trade. The Hang Seng Index dropped 0.8 per cent to 23,020.80 as of 9.40am local time. The Hang Seng Tech Index gained 0.6 per cent. On the mainland, the CSI 300 Index…