Iranians hold portraits of slain top Iranian commander Qasem Soleimani during the commemoration ceremony marking the anniversary of his killing in the Iranian capital Tehran on January 3, 2024.Atta Kenare | Afp | Getty ImagesDeadly blasts that killed at least 84 people in southern Iran...
Even so, the “ decoupling” of the world’s two largest economies is probably overstated. A recent study by University of California San Diego economist Caroline Freund and her colleagues shows that the US and China are indeed reducing their engagement in some areas. For example,...
Hong Kong and Dongguan leaders on Thursday pledged closer links on technology and innovation development as they eye greater collaboration to capitalise on the relative strengths of the two cities in the Greater Bay Area.Hong Kong Chief Executive John Lee Ka-chiu, in his first...
E-commerce giant PDD Holdings has halted work on its local life services offering, avoiding head-to-head rivalry with Meituan, Alibaba Group Holding and ByteDance, whose Douyin short video app has also dipped a toe into the sector.PDD has “completely halted [development of] the local services business”,...
U.K. mortgage rates are falling as markets anticipate the Bank of England will start cutting interest rates toward the middle of the year — but uncertainty is likely to continue to dent buyer confidence.HSBC announced cuts beginning Thursday on its residential mortgage interest rates, with several...
The government will not be rolling out any commercial sites for sale either because of high vacancy rates, she added.Only one plot, an industrial site in Yuen Long, will be put up for tender, Linn said. The 3.2 hectare site has been earmarked for the...
Microsoft is adding a button to the Windows keyboard to activate its AI Copilot service, with the first devices to sport the new key available this month.The Copilot key, which will sit to the right of the space bar, is the first change to...
Fitch Ratings downgraded China’s four state-backed, distressed asset managers, following its assessment that government support is set to weaken amid the ongoing property market crisis, which it said could weigh on their asset quality and financial strength.The ratings for both China Cinda Asset Management and...
Hongkongers’ number one choice of destination for skiing trips is Japan, according to the survey by Club Med, which describes itself as a global leader in snow holidays.Club Med Sahoro, an all-inclusive resort in Hokkaido, Japan. Photo: Club MedThe survey, conducted in September 2023, found...
Yet, it is the performance of emerging-market equities that is more striking. The MSCI Emerging Markets ex China Index, which monitors stocks in developing economies other than China, surged 17 per cent last year despite mounting concerns about China’s economy.What is more, the assets held...