Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050.Ucg | Universal Images Group | Getty ImagesTwo weeks of talks at the United Nations shipping agency concluded in...
“[The government] is committed to developing Hong Kong as a global innovation and technology hub, with an emphasis on promoting cooperation between the government and the industry, academic and research sectors,” Financial Secretary Paul Chan Mo-po said in a statement welcoming China Mobile’s CTC and...
Chinese property giant Longfor Group reported a near 50 per cent slump in net profit for last year, while revenue from home sales plunged because of the sluggish housing market.Net profit came in at 12.85 billion yuan (US$1.8 billion) in 2023, compared with 24.36 billion...
The shifting dynamics of the high-net-worth (HNW) demographic across Asia is reshaping the demand for wealth management services in Hong Kong. As one of Asia’s leading financial centres, the city is witnessing an unprecedented demand for innovative financial solutions.DBS Bank Hong Kong is recognising this...
The Beijing-based company posted 73.7 billion yuan (US$10.2 billion) in revenue for the three months ended December 31, better than the 72.7 billion yuan consensus estimates according to analysts surveyed by Bloomberg.Quarterly net income came in at 2.22 billion yuan, compared with a net loss...
[The content of this article has been produced by our advertising partner.]Thanks to relaxed policies and improved transport links, the Greater Bay Area (GBA) has become a popular choice for Hong Kong residents looking for property purchase in recent years. Currently, Hong Kong residents can...
Terry Vine | Getty ImagesFalling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study.By 2050, three-quarters of countries are forecast to fall below the population replacement birth...
After Benjamin Vassalle hit a deer during a nighttime drive in northern Ontario in January, he and his partner knew that repairing their damaged electric vehicle would come at a cost.Yet when their insurance company sent the car to an independent garage, the vehicle stayed there untouched...
Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company's newly-appointed CEO Margherita Della Valle.Paul Hanna | Bloomberg | Getty ImagesThe U.K.'s Competition and Markets Authority on Friday said Vodafone's proposed merger with rival CK Hutchison will face...
Samsonite reported a 28 per cent surge in sales last year to US$3.68 billion while earnings jumped 33 per cent to US$417 million, as a boom in post-Covid travel underpinned demand for its products. The firm stepped up marketing across all regions to capitalise on...