A couple, who argued with a passenger who reclined her seat, won’t be flying with Cathay Pacific ever again. The Hong Kong-based airline banned the pair after video footage emerged showing the couple taunting, using vulgar hand gestures, and jostling the chair of a female passenger who reclined her seat on a 14-hour flight from … Read more
Tourists from mainland cities enter a Louis Vuitton store at Tsim Sha Tsui on June 5, 2024 in Hong Kong. China News Service | China News Service | Getty Images Hong Kong’s retail sector has languished since the pandemic and analysts say it could be years before it bounces back. The city’s retail sales have … Read more
Fundraising activity is rebounding in Hong Kong, reinforced by a strong IPO pipeline and additional follow-on fundraising, according to HKEX CEO Bonnie Chan. Eighteen companies raised a combined 8.6 billion Hong Kong dollars ($1.1 billion) during the second quarter, representing a 50% quarter-on-quarter increase in new listings and a 79% increase in funds raised, according … Read more
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a … Read more
Stocks in Asia were muted in early Tuesday trading, following gains on Wall Street fueled by optimism surrounding a second Donald Trump term as the former US president chose his running mate. Equity benchmarks rose in Japan and Korea, while those in Australia were steady. Futures for Hong Kong stocks pointed to a decline. US … Read more
A man has been accused of trying to smuggle more than 100 live snakes into mainland China — by stuffing them into his pants. Customs officers in the southern Chinese city of Shenzhen intercepted the man travelling through Futian Port, a checkpoint between Hong Kong and mainland China, the agency said on Tuesday. During an … Read more
Image of Chinese customs officers holding bags of snakes seized at the Futian Port shared on July 9, 2024 Source: General Administration of Customs of the People’s Republic of China A man attempting to smuggle 104 live snakes in his pants was caught at a Chinese border this week, according to the country’s customs authority. … Read more
Traders work on the floor of the New York Stock Exchange, June 14, 2023. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You … Read more
Younger, wealthy shoppers in Asia are splashing their cash on art, according to a longtime collector and senior auction house executive. Nicolas Chow, Sotheby’s chairman for Asia, said more than 40% of its buyers of contemporary art are millennials (born between 1981 and 1996), while Gen X (1965 to 1980) are also likely to be … Read more
People in Singapore are paying 10% higher for ladies’ handbag and shoes, and more than 5% for men’s suits and watches. Ore Huiying | Getty Images News | Getty Images Sky-high property prices, exorbitant car ownership costs and expensive private medical care, among other factors, have kept Singapore the most expensive city for the super … Read more
