The federal government is extending its ban on foreign home purchasing in Canada, Finance Minister Chrystia Freeland announced in a release Sunday.The rule, which was first announced in 2022, will now be extended until the beginning of 2027. It bans foreign nationals and commercial enterprises from...
With 74% of American travelers concerned about the impact of overtourism, environmentally safe travel is increasingly becoming a priority.To address overtourism and the effect it can have on the climate, countries around the world have started charging fees to visit some major destinations.In January, Tripadvisor,...
Wang Yawei, one of China’s most prominent fund managers, has moved out of daily management at the investment firm he founded, citing “personal reasons”, according to a statement published on its website over the weekend.Speculation has been swirling on social media that Wang, 52, has...
“After many years of sustainable finance development, globally we see that the majority of the sizeable transactions are happening in the Organisation for Economic Co-operation and Development countries (OECD) and China,” Ma told the Post.“The rest of the emerging markets are lagging behind in terms...
Linda Chen, 28, sold her 70 square metre (753 sq ft) home in China’s eastern Hangzhou city for a discount of about 300,000 yuan (US$41,963) and moved into a rented unit of similar size with her husband in December, after paying around 9,000 yuan in...
Fireworks dinners, lucky draws, high deposit rates, air tickets and donations to charities are among the major incentives Hong Kong banks are dangling to attract wealthy customers and depositors ahead of the Lunar New Year.HSBC, Bank of China (Hong Kong) (BOCHK), Standard Chartered, Bank of...
This article was first published by The Korea Times in a partnership with the South China Morning Post.Samsung Electronics’ move to integrate its latest flagship smartphones with artificial intelligence (AI) technology from Chinese search giant Baidu has drawn lukewarm interest from consumers in mainland China.The...
From one of Canada's tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.Elevated interest rates, construction costs and delays, and a slower real estate market are all contributing to the rising frequency of projects...
US-based social network giant Meta Platforms has seen its China-related revenue grow steadily due to strong traction from mainland-based advertisers, as Chinese brands vie for consumers in foreign markets.In 2023, China accounted for 10 per cent of Meta’s total revenue of US$134.9 billion, up from...
In many developed countries, large parts of the population are over 65, with Japan having the highest proportion of elderly – 28 per cent of its population. People in this age group tend not to be productive, making them a significant economic burden on...