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01 Mar ‘Worst is over’ for Hong Kong property even though sales dropped to four-month low in February, analysts say

Posted at 12:30h in Asia

The total number of transactions, including those for residential, office, retail and car parking spaces, dropped 27.7 per cent to 3,182 deals from a month earlier, according to Land Registry data. The total value of sales also plummeted 31 per cent to HK$23.25 billion (US$2.98...

01 Mar British telco giant BT expects to launch 5G standalone this year

Posted at 12:21h in Europe

An EE mobile phone store, operated by BT Group, in Reading, U.K. in 2020.Jason Alden | Bloomberg | Getty ImagesBARCELONA — British telecommunications giant BT says it expects to launch its first so-called "standalone 5G" network in 2024.Howard Watson, BT's chief technology officer, told CNBC...

01 Mar Alibaba veteran to step down at Local Services Group as e-commerce giant proceeds with sweeping restructuring

Posted at 12:00h in Asia

The head of Alibaba Group Holding’s Local Services Group (LSG), one of the six major business units being spun off from the e-commerce giant, is stepping down amid an ongoing restructuring process.Yu Yongfu, who was appointed to lead LSG after Alibaba announced its restructuring last...

01 Mar China’s Li Auto delivers electric minivan with fridge and sofa to lure wealthy families from General Motors’ petrol MPV

Posted at 11:51h in Asia

Li Auto has priced its multipurpose vehicle (MPV) at 559,800 yuan (US$77,764), nearly double the price of market leader General Motors’ petrol-powered competitor, the GL8, as the nearest rival to Tesla in mainland China vies for a bigger share of the country’s premium electric vehicle...

01 Mar Navalny’s funeral in pictures: Mourners gather in Moscow

Posted at 11:40h in Europe

Crowds gathered in Moscow on Friday to observe Alexei Navalny's funeral, with allies of the deceased Russian opposition politician saying over 1,000 people had congregated.CNBC could not independently verify the number.Remains of snow clutched to the streets in a grey Moscow, as people lined up...

01 Mar Euro zone inflation February 2024

Posted at 10:41h in Europe

A salesman preparing a bag of sweets for a customer in the Sicilian confectionery shop Mazzone on February 02, 2024 in Catania, Italy. Fabrizio Villa | Getty Images News | Getty ImagesInflation in the 20-nation euro zone eased to 2.6% in February, flash figures showed...

01 Mar Hong Kong’s crypto licensing scheme attracts less interest than Singapore with 24 applicants day after deadline

Posted at 10:00h in Asia

With the initial application window now closed, the number of applicants offers the first indication of the industry’s interest in Hong Kong’s bid to become a global crypto hub with a new regulatory scheme that some fear could be too stringent for the market to...

01 Mar Danielle Smith wants to save Alberta’s oil wealth, but history shows it’s a pledge that’s hard to deliver

Posted at 09:00h in Canada

After spending big in a pre-election budget 12 months ago, Alberta Premier Danielle Smith is now pulling a 180-degree turn to focus on saving as the theme of Thursday's budget, which was centred on penny-pinching and the need to stash away the province's oil and...

01 Mar Air Canada joins WestJet in hiking checked-bag fee. Could carry-on charges be next?

Posted at 09:00h in Canada

It comes as no surprise to some industry experts: Air Canada hiked its first checked-bag fee by $5 for economy-type fares this week, shortly after WestJet made the same move. "It's a business," said Karl Moore, an associate professor with McGill University's faculty of management. "You're...

01 Mar Leonardo CEO says stupidity poses a bigger threat than AI

Posted at 08:56h in Europe

Roberto Cingolani, chief executive officer of Leonardo SpA, during an interview in London, UK, on Tuesday, Jan. 23, 2024.Bloomberg | Bloomberg | Getty ImagesThe chief executive of Italian defense group Leonardo said Friday that he's more concerned about the "stupidity" of users of artificial intelligence rather than...

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