News
From toilet paper to travel: why inflation could soon hit Hongkongers hard
2+ hour, 19+ min ago (150+ words) Continuing uncertainty because of the Middle East war-linked oil shock will intensify inflationary pressures, analysts warn Analysts have warned that the adverse impact on inflation will be more immediate than the effect on economic growth, with some saying the repercussions…...
Hong Kong home sales outlook firm even as La Mirabelle demand ebbs
19+ hour, 19+ min ago (220+ words) While Hong Kong developers have accelerated project launches following the Easter holiday, primary home sales are settling into a measured phase following an earlier surge in demand. The shift is evident at La Mirabelle I in Tseung Kwan O, where…...
Singapore's robotaxi drive revs up with help from Chinese AV leaders
1+ day, 2+ hour ago (181+ words) The city state is working with Chinese companies like We Ride and Pony. ai to test and deploy shuttle taxi services on public roads Eventually, there will be no need for a safety officer or any human behind the wheel…...
Macroscope | Can World Bank and IMF leaders rescue a global economy on the brink?
1+ day, 18+ hour ago (570+ words) South China Morning Post Can the collective wisdom or clout of the almost 200 countries that make up the membership of the World Bank and International Monetary Fund (IMF) prevail against the United States and Israel, whose rash actions of declaring…...
Global wealth gap widens as aid to world's poorest sees record drop
1+ day, 21+ hour ago (259+ words) UN warns of "extremely perilous" era for international cooperation with global aid falling by 23 per cent in 2025 The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the…...
Opinion | Despite its hype, AI is just a means to economic resilience
2+ day, 14+ hour ago (1000+ words) South China Morning Post Have you wondered why most small start-ups have to fight to survive, whereas the rich or those at the top tend to get richer? Capitalism is in trouble because the social divide is widening in terms…...
Asian economies face "formidable test" as Middle East conflict drags on: ADB
3+ day, 17+ min ago (153+ words) Even if oil prices stabilise in the coming months, developing Asia-Pacific countries will still take years to recover, the bank says "Developing Asia and the Pacific's economic ascent faces a formidable test," ADB President Masato Kanda said in the report....
Developers line up 1, 300 Hong Kong flats as sentiment improves, prices tick higher
3+ day, 3+ hour ago (198+ words) New projects across the city draw steady demand, with selective price increases reflecting improved homebuying sentiment On Sunday, 261 units at La Mirabelle I will be released, with average prices ranging from HK$15, 335 (US$1, 958) to HK$19, 613 per square foot after discounts…...
AI fuels global trade growth as China-US flows shift, Mc Kinsey finds
4+ day, 3+ hour ago (101+ words) South China Morning Post Data-centre expansion and AI investment push global trade ahead of economic growth, consultancy says "[The trend] is on the longer side than the shorter " with multi-year, long-term investments," said Kweilin Ellingrud, senior partner at Mc Kinsey…...
Opinion | How AI and geopolitical rivalry are breaking economic orthodoxy
4+ day, 18+ hour ago (188+ words) Today's imbalances go beyond exchange rates; they reflect concentrated technological investment in one economy and uneven risks in others Global imbalances are once again taking shape, albeit differently than how they manifested before the financial crisis of the late 2000s. Back…...