Hong Kong retained its pole position as the world’s most expensive city for expats in 2024, according to Mercer. Chunyip Wong | E+ | Getty Images Asia’s biggest financial hubs have once again clinched the top spots for being the costliest cities for international workers to live in, according to Mercer. Hong Kong was ranked … Read more
Guests posing for a group photo at the “Let’s Go the Extra Mile” hospitality campaign launch ceremony at the Central Government Office in Hong Kong on June 3, 2024. Nurphoto | Nurphoto | Getty Images Hong Kong is asking service workers to be more courteous and smile in a bid to win back tourists. But … Read more
Fourteen pro-democracy activists were convicted in Hong Kong’s biggest national security case on Thursday by a court that said their plan to effect change through an unofficial primary election would have undermined the government’s authority and created a constitutional crisis. After a 2019 protest movement that filled the city’s streets with demonstrators, authorities have all … Read more
An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. Glowimages | Glowimages | Getty Images The Japanese yen weakened to levels not seen in 34 years against the U.S. dollar on Monday, only to rebound and likely clock its best week in more than a year. Here is what happened. The … Read more
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped … Read more
Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters Hong Kong on Tuesday launched six spot bitcoin and ether exchange traded funds — becoming the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices. The cryptocurrency … Read more
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024. CostFoto | Nurphoto | Getty Images Tesla shares sank in premarket trading on Monday, while China’s Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition. U.S. EV giant Tesla … Read more
Gold was concealed as air compressor parts Source: Hong Kong Customs and Excise Department In Hong Kong’s largest gold smuggling bust, the city authorities seized an estimated $10.7 million worth of the precious metal that had been concealed as machine parts being shipped to Japan. According to a government statement on Monday, 146 kg of gold had … Read more
Nicholas Worley, founder of Inalife, with his three toddler sons at home in Hong Kong. Nicholas Worley | Inalife It wasn’t until he became a father that Nicholas Worley rekindled the idea of preserving memories of his loved ones and their legacies. That idea first germinated when Worley was just 16. He lost his paternal … Read more
Economic losses in the Asia Pacific region soared to $65 billion due to natural disasters, mainly fueled by floods in China and droughts in India, as reported by insurance company Aon. Hadynyah | E+ | Getty Images Economic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, mainly … Read more
