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At least five people were killed and around a dozen injured in an accident involving a bus on a German motorway near Leipzig on Wednesday. The bus came off the A9 motorway and overturned in the morning between Wiedemar and the Schkeuditzer Kreuz motorway junction, police said. Emergency services attended to the injured at the scene and the motorway…
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President Xi Jinping met with American business leaders in Beijing on Wednesday as China seeks to woo more foreign investment into the country. Xinhua News Agency said he met with representatives from the US business, strategic and academic communities. Xi said he hopes the two countries would step up exchanges and build consensus on various issues…
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Companies are just waiting for the right time to list in Hong Kong and will turn to the city when market conditions improve, Hong Kong Exchanges and Clearing CEO Bonnie Chan said on Wednesday. At an international innovation forum on Wednesday, Chan said 73 initial public offerings (IPOs) were completed in Hong Kong last year, down from 90 in 2022. …
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The government says it will consult the taxi trade this year on whether it should be made mandatory for all their vehicles to have surveillance and dash cameras installed. Planned "premium taxi fleets" will be required to have such cameras in place, and some lawmakers say the requirement should be extended to all cabs in the city. At a Legco meetin…
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Commissioner of Customs and Excise Louise Ho on Wednesday said the department is updating its guidelines now that Article 23 national security legislation has come into effect. At a press conference summing up the department's work in the last year, Ho said staff have always carried out their duty to safeguard national security. "After the enactmen…
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Financial Secretary Paul Chan on Wednesday rejected the idea that Hong Kong is finished as a finance hub, pointing to the city's edge in various sectors. At the Fortune Innovation Forum, Chan said the city's stock market is growing and is diversifying its sources to bring in new companies for listing. Asked about a claim by economist Stephen Roach …
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The Boao Forum for Asia Research Institute on Tuesday forecast that Asia's economy will grow by 4.5 percent this year, up from 4.3 percent last year. The forecast came as the Boao Forum for Asia Annual Conference 2024 kicked off on Hainan. Secretary General of the Boao Forum for Asia Li Baodong said while the continent faces challenges, including g…
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Chief Executive John Lee on Tuesday said officials would take every opportunity to explain to the local and overseas business communities the advantages of having the homegrown national security law in place. He stressed the law's enactment under Article 23 of the Basic Law would allow Hong Kong to focus on economic development. Lee told reporters …
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Chief Executive John Lee on Tuesday called on people to give the government time to test the city's planned waste charging scheme at selected locations before it decides the way forward for the policy. At his weekly media stand-up, Lee said Deputy Chief Secretary Warner Cheuk will lead an inter-departmental working group to monitor and assess how t…
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The largest international art fair in Hong Kong is back to its former glory for the first time since the pandemic, with organisers lauding 2024 as a “year of renaissance” for the city's art sector. Art Basel will be held from Thursday to Saturday at the Convention and Exhibition Centre in Wan Chai. Organisers on Tuesday said the art fair will featu…
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Secretary for Environment and Ecology Tse Chin-wan on Monday pledged the government would take a practical approach to the city-wide trial of the solid waste charging scheme and report to the Legislative Council in May and June on its progress. From next month, authorities will test the scheme at 14 locations, including public and private residenti…
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Chief Executive John Lee on Monday said his administration is committed to propelling the territory's rise as a global cultural hub. He pledged to develop Hong Kong into an "East-meets-West centre" for international cultural exchanges and support film, arts and design projects. "This financial year we will inject US$180 million into our Film Develo…
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Financial Secretary Paul Chan on Monday said that Hong Kong could make valuable contributions in facilitating global finance and tech cooperation to drive the global green transition, adding that such collaborations were urgently needed to tackle climate change. “We need to put political differences and upheavals aside and work together to urgently…
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Hong Kong is moving a step closer to setting up a sustainability disclosure system, with authorities to publish a statement on the matter on Monday. Chief Executive John Lee told the One Earth Summit, co-hosted by the World Economic Forum and the Hong Kong-based Institute of Sustainability and Technology, that the Financial Services and the Treasur…
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