Hong Kong Exchanges and Clearing (HKEX), which operates Hong Kong’s stock exchange, booked a record profit of HK$13.1 billion, boosted by 71 new companies joining the exchange and a late-year rally after Beijing promised a major economic stimulus for the mainland.
The city of Hong Kong, facing a fifth budget deficit in the last six consecutive years, plans to chop 10,000 government workers from its payroll and embrace artificial intelligence (AI) to boost its economy.
Confirming our forecast made in “Bid Farewell to the Business Travel Economy,” (29 Sep 2020), the owner of British Airways said last week that business travel will never return to its pre-COVID volumes.
Confidence in Canada’s economy among small business owners sank for the third month in a row in the newest survey by the Canadian Federation of Independent Businesses (CFIB).
Following up on a broad stimulus commitment made last year to revive its torpid economy, China’s government plans to recapitalize three of its largest state-run banks in the months ahead, people familiar told Bloomberg.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Nearly one hundred companies are expected to lay off employees in March, according to a report in the Economic Times.
China’s battery and electric vehicle (EV) companies have been forming collaborations with Western and other Asian countries, but two new deals signal another forward step in China’s worldwide technological advance.
After sitting out much of the past two years and making minimal distributions to investors, private equity firms are back in action, according to the industry’s newest earnings reports.
Nikola, a highly touted start-up that made hydrogen-fueled semi trucks powered by fuel cells, has filed for Chapter 11 bankruptcy, listing $98 million in debt and other financial obligations.