HONG KONG] The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a “bad bank” to soak up the financial hub’s soured ...
Hongkongers prioritise quality over longevity in retirement: Manulife
Hongkongers want to ‘live independently and do what is important’ rather than simply live longer, a survey of 1,000 residents shows.
Hong Kong opens criminal probe into AI-generated porn scandal at city’s oldest university
A male law student at the University of Hong Kong is accused of using photos of a dozen students and teachers to generate more than 700 sexually explicit images.
Emirates flight from Dubai diverted to Taiwan after failing to land in Hong Kong
An Emirates flight from Dubai to Hong Kong was unexpectedly rerouted to Taiwan on Monday after multiple unsuccessful attempts to land, reportedly because of bad weather. Flight EK382, operated by ...
Hong Kong’s $32 billion pile of bad debt spurs talks to form ‘bad bank’
Hong Kong’s banks are coming under increasing pressure to offload loans backed by real estate assets. Read more at straitstimes.com. Read more at straitstimes.com.
MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO
MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.
Disney sues Hong Kong company it says is selling illegal Mickey Mouse jewelry
LOS ANGELES (AP) — The Walt Disney Co. on Wednesday sued a Hong Kong jewelry company it accuses of selling illegal Mickey Mouse jewelry. The international media and entertainment conglomerate filed a ...
Ride-hailing is set to be legalised in Hong Kong in 2026 but what questions remain?
Authorities have unveiled long-awaited proposals to regulate ride-hailing platforms, so how might users be affected?
Chinese AI firm MiniMax targets $4 billion-plus valuation in Hong Kong IPO, sources say
Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion in the flotation, which could happen before the end of this year, ...
Ex-McKinsey Partner Sentenced in Obstruction Case
The consultant had deleted records involving McKinsey’s role in pushing OxyContin sales and driving the opioid crisis.
Consulting firm McKinsey to pay $650 million to resolve US opioid …
McKinsey & Co has agreed to pay $650 million to resolve charges over advice it provided Purdue Pharma on how to "turbocharge" sales of its addictive painkiller OxyContin, the U.S. Department of ...
McKinsey to pay $650 million for helping Purdue Pharma sell OxyContin
McKinsey & Company agreed to pay $650 million to resolve criminal and civil investigations into its advice to opioids manufacturer Purdue Pharma.
The scandals and hypocrisy behind McKinsey’s sterling reputation
The consulting giant's unsavory practices are hidden by a “culture of secrecy,” Walt Bogdanich and Michael Forsythe write.
Ex-McKinsey partner sentenced to 6 months in prison for obstructing …
A former senior partner at McKinsey & Company was sentenced on Friday to six months in federal prison for destroying records of the firm’s work to “turbocharge” Purdue Pharma’s OxyContin ...