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Month: May 2024

Posted on 05/05/2024

Elon Musk’s AI Start-Up xAI Is Raising $6B To Challenge OpenAI

Elon Musk, the CEO of Tesla and X, is looking to raise to $6 billion for his xAI project as he looks to investors worldwide, including those in Hong Kong, ...

Posted on 05/05/2024

Mainland Chinese tourists in Hong Kong complain about hotel charges for toiletries packed in plastic after ban on throwaway items comes into force

Differences in prices and provisions of plastic-packed toiletries and other items spark anger among some visitors from across border.

Posted on 05/05/2024

Aspiring homebuyers need to assess the risk

The real estate market is recovering slowly, but a big rebound is a distant hope with the Hong Kong Monetary Authority warning rates may stay high.

Posted on 05/05/2024

Hikers trapped and roads flooded in Hong Kong as torrential downpour almost triggers black rainstorm alert, with more rain expected

Forecaster issues first red rainstorm warning of the year at 8.55am, with Sai Kung district recording 140mm of rainfall.

Posted on 05/05/2024

Hong Kong’s national security laws not major concern for international arbitration community, head of Bar Association says

Bar Association chairman Victor Dawes says those who are concerned need only visit city and interact with local arbitration community.

Posted on 05/05/2024

Ex-Hong Kong district councillor becomes second from city to sit on English local authority after moving through BN(O) migrant scheme

They have chosen a Hongkonger to represent them in the council because we share similar values,’ Andy Ng says after UK local authority election victory ...

Posted on 05/05/2024

Hong Kong housing authorities find enough land to provide 21,000 transitional flats by early 2025

We are entering the harvest season this year for the Housing Bureau’s efforts to push transitional housing projects,’ Secretary for Housing Winnie Ho says.

Posted on 05/05/2024

Hong Kong’s Kitec venue once hosted Mirror and transformed musical careers. So why is it closing down?

After 28 years, curtain comes down on Kowloon Bay International Trade and Exhibition Centre, which offered ideal venue for acts, including boy band Mirror, as they progressed grew from halls to city’s ...

Posted on 05/05/2024

Hong Kong ranks low on global press freedom index as watchdog cites ‘unprecedented’ setbacks

Hong Kong placed 135 out of 180 countries and territories in the Reporters Without Borders' 2024 press freedom ranking. While the city's ranking is +5, its score actually has fallen -1.8 points.

Posted on 04/05/2024

Hong Kong Issues 2024’s First Red Storm Signal Amid Flooding

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Posted on 04/05/2024

Hong Kong stocks gain 4.7% on the week led by technology, banking sectors; China policy support hopes swirl

A dovish US Federal Reserve and a gigantic share buy-back programme from Apple lifted Hong Kong stocks with sentiment remaining upbeat after China’s top policymakers signalled further support to ...

Posted on 04/05/2024

Hong Kong labour chief Chris Sun defends new minimum wage formula, saying employers can afford it

Minister says mechanism will not affect city's competitiveness because composition of the formula both protects the vulnerable and ensures affordability Business sector had expressed concerns of an ...

Posted on 04/05/2024

Hong Kong styrofoam giant goes from making 10 million boxes a month to eco-friendly utensils amid plastics ban

Yee Wah Global says it hopes to transform situation into opportunity by investing in and researching alternative tableware.

Posted on 04/05/2024

Hong Kong Issues First Red Storm Signal of Year as Roads Flood

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

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