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The Latest Breaking News from Hong Kong

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms

The firms were being used by Iran to facilitate the sale of Iranian oil and petrochemical products, the US said.

Al Jazeera

US sanctions UAE, Hong Kong firms that ship Iranian oil

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia

The Independent UK

US Targets Chinese Firms in New Iran Oil Sanctions

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear program. The US Treasury and the US…

Asharq Al-Awsat

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Alibaba Eyes Hong Kong Primary Listing as Hedge to U.S. Delisting Threat

Key Takeaways: Alibaba said it expects the upgrade of its secondary Hong Kong listing to primary listing status to be complete by the end of 2022 The SEC has placed Alibaba on a list of Chinese firms facing potential delisting as the deadline nears for U.S.-listed Chinese firms to comply…

Benzinga

Alibaba striving to maintain US listing amid delisting fears

Chinese e-commerce firm Alibaba said Monday that it would strive to maintain its listing status both in New York and Hong Kong, days after U.S. regulators included it in a list of companies facing possible delisting if they don't meet auditing requirements

The Independent UK

Asian shares advance, Hong Kong sags on weak factory data

Shares are mostly higher in Asia after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in the region's biggest economies

The Independent UK

Organisers of shows in Hong Kong face temporary ban on large stage sets

HONG KONG: Concert organisers may be barred from installing large stage sets for coming shows until the full completion of a probe into a shocking accident involving boy band Mirror, the city's culture minister has said.

Bangkok Post

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Rugby-Hong Kong Rugby Sevens to be held in Nov after 3-year COVID break

Reuters

Healthy earnings, less aggressive Fed lift shares

Recap: European and US stocks advanced yesterday amid positive corporate earnings reports and the prospect of less aggressive rate hikes from the US Federal Reserve. Hong Kong and Chinese markets pulled back as tech stocks corrected and the Chinese government signalled limited new stimulus ahead.

Bangkok Post

Shocking moment huge screen crushes dancer on stage during performance

A back-up dancer for the Cantopop boy band Mirror is in intensive care while another is being treated following the gig in Hong Kong

Irish Mirror

3D Medicines Bleeds Red Ink As It Struggles to Swim in 'Red Ocean'

Key Takeaways: 3D Medicines competes for a share in an already hotly contested and very small market, potentially dimming its appeal to investors

Benzinga

Ultra-fast Fashion Charms Young Despite Damaging Environment

So-called "ultra-fast fashion" has won legions of young trend-setting fans who snap up relatively cheap clothes online amid surging inflation, but the booming genre masks darker environmental problems. Britain's Boohoo, China's SHEIN and Hong Kong's Emmiol operate the same internet-based business model -- produce items and collections at breakneck speed…

Asharq Al-Awsat

Hong Kong authorities to investigate concert accident

Hong Kong officials say they will open an investigation into a concert accident in which a giant video screen fell down onto the stage and injured two dancers

The Independent UK

Giant screen falls and crushes dancers at concert by Hong Kong boy band Mirror

One of the dancers is believed to be seriously injured following the horrific incident

Evening Standard

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The New Daily

Horrifying footage of the moment a massive screen crushes performers

Shocking footage has emerged showing the moment a massive video screen suspended above a stage has fallen, crushing performers below.

Benzinga

Alibaba Slumps 4% After Reports Of Jack Ma's Plan For Ant: Hang Seng Falls Despite Wall Street Rally Amid Xi-Biden Phone Call

Hong Kong’s benchmark Hang Seng Index was in the red on Friday, losing over 0.5% in opening trade, despite a continuing rally on Wall Street. Alibaba shares fell close to 4% following reports Chinese billionaire Jack Ma is planning to cede control of Ant Group.

The Independent UK

Falling screen hits 2 dancers on stage at Hong Kong concert

A falling video screen has struck and injured two dancers on stage as Cantopop band Mirror was performing in Hong Kong

Reuters

Giant video screen falls during Hong Kong pop concert, dancers hurt

A big video panel fell onto a stage during a concert by Hong Kong boyband Mirror on Thursday, injuring at least two dancers, one of them seriously, and prompting authorities to ban the group from performing pending an investigation.

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Daily Mirror

Asia’s richest woman loses half £19billion fortune after property market crashes

At her peak, Yang Huiyan's £19.5billion fortune eclipsed that of fellow Chinese billionaires Fan Hongwei and Wu Yajun, both worth around £10.8billion at the time

Bangkok Post

US carrier strike group returns to S. China Sea amid Taiwan tensions

HONG KONG: A US aircraft carrier and its strike group have returned to the South China Sea after a port call in Singapore, deploying in the disputed region as tensions with China rise over a possible visit to Taiwan by congressional leader Nancy Pelosi.

The Independent UK

UN experts urge Hong Kong authorities to repeal security law

Independent human rights experts backed by the United Nations are calling on authorities in Hong Kong to repeal a national security law that squelched protests and criticism over China’s tightening grip on the freewheeling semi-autonomous region

WEKU

Hong Kong's Star Ferry faces an uncertain future, as ridership falls and debt climbs

A drop in tourism due to political turmoil and the pandemic led to financial woes for the ferry, which has taken passengers across Victoria Harbor for decades. Now there are fears it may go bankrupt.

Reuters

Hong Kong security law, imposed by China and denounced by the West, must be repealed, says U.N. panel

Hong Kong's controversial national security law should be repealed, experts on the UN Human Rights Committee said on Wednesday, amid concerns the legislation is being used to crack down on free speech and dissent in the former British colony.

Bangkok Post

Hong Kong to launch tech fund to attract local firms, foreign start-ups

HONG KONG: Hong Kong will launch a fund worth HK$5 billion (23 billion baht) next month to support local tech companies and attract foreign start-ups, the city's finance chief has said.

Benzinga

Alibaba, Nio Fall Over 3% As Hang Seng Tracks Weaker Wall Street Close: All Eyes Now On Aussie Inflation Data

Shares of Alibaba, Nio and Li Auto lost more than 3% on Wednesday morning with the Hong Kong’s benchmark index Hang Seng falling over 1%, ahead of the release of Australia’s inflation report.

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