Key points: Cathay Pacific to axe 8,500 posts: 5,900 staff made redundant worldwide, 5,300 jobs lost in Hong Kong, 2,600 unfilled roles eliminated Cathay Dragon brand to stop operating with immediate ... ( read original story ...)
Hong Kong’s Flagship Cathay Slashes 17% of Headcount
Hong Kong's flagship airline, will slash 5,900 jobs, or 17% of its total, and eliminate entirely its Cathay Dragon regional-airline brand, the company said Wednesday. That should ensure it is "only" ... ( read original story ...)
Hong Kong records eight new Covid-19 cases, including seven imported, all with traceable sources of infection
Hong Kong recorded another eight Covid-19 cases on Wednesday, all with traceable sources of infection. The Centre for Health Protection said all but one were imported, with the local case involving a ... ( read original story ...)
Hong Kong jury shown security footage of frenzied stabbing that ended woman’s life aboard double-decker bus
The final minutes of a Hong Kong girl's life were played in court on Wednesday as bus security footage showed how she was stabbed repeatedly by her boyfriend as other passengers ran to the back of the ... ( read original story ...)
Hong Kong airline to cut thousands of jobs amid pandemic
Cathay Pacific has announced a major restructuring plan as it struggles to deal with travel restrictions and a big drop in demand. ( read original story ...)
Hong Kong shares gain on U.S. stimulus hopes; property stocks drag down Shanghai
China shares slipped on Wednesday, weighed down by property stocks on a gloomy outlook for the sector, while Hong Kong stocks rose for a fourth session as hopes of a new round of U.S. fiscal stimulus ... ( read original story ...)
HSBC Hong Kong launches digital investment account opening service
HSBC Hong Kong has announced that its personal customers can now open an investment account 24/7 remotely without the requirement of visiting the bank’s branch. This especially holds significance in ... ( read original story ...)
Contrasting fortunes: China’s stock market recoups Covid-19 losses, while Hong Kong endures slump
“Hong Kong’s market pays great heed to profitability,” said HSBC Jintrust Fund Management in a report this week. “Earnings growth is prerequisite for a bull market. There’s no bull run before the ... ( read original story ...)
China CITIC Bank International and 3 Hong Kong Named Winners of the Red Hat APAC Innovation Awards 2020 for Hong Kong
Red Hat, Inc., the world’s leading provider of open source solutions, today announced the winners of the Red Hat APAC Innovation Awards 2020 for Hong Kong. China CITIC Bank International Limited and 3 ... ( read original story ...)
HKMA sells HK$2.33 bln in NY hours, currency hits strong end of band
The Hong Kong Monetary Authority sold HK$2.325 billion ($300 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)
Hong Kong government draws flak from all quarters for considering a pause on HK$2 ride scheme for the elderly
The Hong Kong government has drawn flak from across the political spectrum for considering putting the brakes on its plan to extend a HK$2 travel scheme for those aged between 60 and 64. Lawmakers ... ( read original story ...)
5 reasons you can’t miss Hong Kong Fintech Week 2020
The virtual Hong Kong Fintech Week 2020 will deliver a superior remote conference ... meaningful connections with thousands of potential buyers, clients, investors, startups, and regulators! ( read original story ...)
Hong Kong thieves make off with HK$1.5 million worth of mobile phones stolen from parked truck
Hong Kong police on Wednesday were poring over surveillance camera footage in an effort to track down thieves who stole HK$1.5 million (about US$194,000) worth of mobile phones from a truck in the car ... ( read original story ...)
Bangkok protests continue apace — is Thailand the next Hong Kong?
There are strong similarities between the Thai and Hong Kong protests, and not just with youth borrowing tactics from the city-state's protest movement. ( read original story ...)