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The Latest Breaking News from Hong Kong

Hong Kong Covid cases hit record as compulsory testing looms

Hong Kong reported a record 8,674 new Covid-19 infections on Wednesday, as the city prepares for compulsory testing of its residents after authorities extended the toughest social restrictions imposed since the pandemic began.

Evening Standard

Markets rise, oil flat after Russia sanctions but traders on edge

Hong Kong (AFP) - Equities mostly rose Wednesday and oil prices stabilised as investors tracked developments in the Russia-Ukraine crisis after world powers imposed less harsh sanctions on Moscow than feared.

AFP

Hong Kong unveils $22bn budget as ‘zero COVID’ hammers businesses

Finance chief admits businesses facing ‘intense pressure’ amid restrictions that have shut down much of the city.

Al Jazeera

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Covid live: Poland, Slovakia and Iceland latest countries set to end most coronavirus restrictions — as it happened

Move comes as case numbers and deaths continue to fall in many nations

The Guardian - UK

Markets rise, oil dips after Russia sanctions but traders on edge

Hong Kong (AFP) - Equities mostly rose Wednesday and oil prices eased as investors tracked developments in the Russia-Ukraine crisis after world powers imposed less harsh sanctions on Moscow than feared.

AFP

Hong Kong unveils $22 bn budget for virus plagued economy

Hong Kong (AFP) - Hong Kong's finance chief on Wednesday unveiled a costly HK$170 billion ($21.79 billion) budget, including tax breaks and consumer spending vouchers, as the city reels under its worst coronavirus outbreak to date.

AFP

Is Recovery Already Here? Alibaba Rises In Hong Kong, Alongside JD, Tesla Rival Li Auto And Other Tech Stocks

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory.

Benzinga

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Hong Kong lawmaker calls for short lockdown to nail outbreak

Hong Kong should impose a strict, city-wide lockdown for nine days to rein in its snowballing COVID-19 outbreak rather than prolong social-distancing restrictions that are strangling business, lawmaker Michael Tien said.

Tribune News Service

Hong Kong parents decry child separations during virus surge

Hong Kong (AFP) - Hong Kong parents are being separated from children and babies who test positive for the coronavirus, compounding public anger over the financial hub's lack of readiness for a major outbreak now sweeping the city.

AFP

Most Asian markets rise after Russia sanctions but nerves on edge

AFP

Hong Kong to test everyone in territory for COVID three times over

Mass compulsory testing plan to begin in the middle of March, as the territory struggles to get control of Omicron wave.

Al Jazeera

Alibaba (BABA) Shares Under Pressure Again As Concerns Continue To Mount

Shares of Alibaba Group (NYSE: BABA) are trading lower in pre-open Tuesday in the United States on several reports that are being interpreted as headwinds for the e-commerce giant. Alibaba's share price closed 3.05% in the red in Hong Kong on the concerns discussed below.

Benzinga

Lygend Resources Mines Nickel Business to Tempt Investors With Hong Kong IPO

Key takeaways: Lygend Resources has filed for a Hong Kong IPO, hoping to draw investors as demand for its core nickel business booms on demand from EV battery makers Company’s business expansion requires big capital spending, which will remain one of its biggest challenges going forward By Lau Ming

Benzinga

Capvision Tempts Investors With Fast Growth, Fat Margins In Hong Kong IPO

Key Takeaways: ‘Expert network’ operator Capvision Partners has filed for a Hong Kong listing to raise up to $300 million The company boasts fast revenue growth and impressive profit margins, but also faces regulatory risk that was the focus of a U.S. crackdown a decade ago By Doug Young

Benzinga

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Benzinga

Hong Kong Set to Overtake Singapore in SPAC Market, With Help From Mainland Sponsors

Key Takeaways: Hong Kong has received six SPAC listing applications in the last month, even as regional rival Singapore’s similar program starts to turn quiet Most of Hong Kong’s SPAC applicants are backed by mainland Chinese companies, highlighting a major advantage the city enjoys over Singapore By Jony Ho

AFP

HSBC announces $1 bn share buyback as annual profits double

London (AFP) - HSBC on Tuesday announced bumper 2021 profits and plans to repurchase shares worth up to $1.0 billion as the Asia-focused bank continues its recovery from the coronavirus pandemic and major restructuring.

AFP

Hong Kong to see three rounds of compulsory virus tests

Hong Kong (AFP) - Hong Kong's population must undergo three rounds of compulsory coronavirus testing, the city's leader said Tuesday, as she confirmed mainland Chinese officials were stepping up oversight of the financial hub's response to its worst outbreak yet.

The Independent UK

Hong Kong orders mandatory COVID-19 tests for all residents

Hong Kong's leader says the city will test its entire population for COVID-19 in March as it grapples with its worst outbreak driven by the omicron variant

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Reuters

More patients, fewer nurses: Hong Kong's medical frontline struggles with COVID surge

Yee, a nurse on the frontline of Hong Kong's fight against COVID-19, recently became one of the patients her hospital had to turn away, after isolation wards, and later corridors, became overpacked with people on gurneys.

The Independent UK

Oil prices climb to record highs while global stocks fall on fears of impending Ukraine conflict

Tokyo’s Nikkei 225 index and the Hang Seng in Hong Kong impacted by fears of a Russian invasion

The Guardian - UK

UK reports 205 new coronavirus-related deaths and 41,130 cases; Ireland to drop most curbs – as it happened

Ireland will drop most restrictions, including mandatory face masks, on Monday

Reuters

Hong Kong to enforce mass testing amid predicted surge in COVID infections

Hong Kong will roll out compulsory testing for COVID-19 starting in mid-March for its 7.4 million residents, leader Carrie Lam said on Tuesday, as university researchers predicted new infections could peak at a staggering 180,000 a day next month.

AFP

HSBC announces $1 bn share buyback as 2021 profits double

Hong Kong (AFP) - HSBC on Tuesday announced bumper 2021 profits and plans to repurchase shares worth up to $1.0 billion as the Asia-focused bank continues its recovery from the coronavirus pandemic and major restructuring.

AFP

Equities tumble, oil rallies on red-hot Ukraine tensions

Hong Kong (AFP) - Equity markets plunged while oil and haven assets rallied Tuesday after Russia's Vladimir Putin ordered troops into two separatist regions in eastern Ukraine, ramping up geopolitical tensions and fears of a conflict.

Edinburgh Live

Travel UK: Covid rules for tourists flying to Canada, Gibraltar and Hong Kong

If you are looking to fly from the United Kingdom to holiday destinations such as Canada, Gibraltar and Hong Kong, we have all the latest covid travel rues you need to know about.

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