HMM banks solid result, but warns weak market will persist in 2023
HMM joined other carriers in recording a highly positive 2022 performance, but the South Korean carrier said demand would continue to come under pressure this year. READ SOURCE...
Economy
Promise of US economy shows up Brexit Britain’s need for investment
While the US is ramping up domestic investment to bolster growth, a cash-starved British government is trying to spend its way out of trouble. Without the lifeblood of new investment to replace departing industries, the UK could be heading into...
Hong Kong brokerage Bright Smart suspends mainland Chinese clients’ accounts ahead of new CSRC regulation
Bright Smart Securities, one of Hong Kong’s largest stock brokerages, will suspend the accounts of all mainland Chinese customers set up in China from Thursday, it said in a stock exchange filing on Monday. READ SOURCE...
China’s top coal supplier Mongolia switches to auctions to fetch top dollar from its exports
Mongolia’s new auction system coincides with a rapprochement in Beijing’s relations with Canberra, which has seen Australian coal shipments resume after being banned since late 2021. READ SOURCE...
Australian trade minister ‘optimistic’ about thaw in China ties but stands firm on WTO disputes
Don Farrell says the two sides have made progress on lobster imports, but Canberra unlikely to walk away from wine and barley tariff cases. READ SOURCE...
Hong Kong’s Northern Metropolis: what bold ideas will advisory panel of ‘stakeholders’ give to realise plans? Several say relook land use, create better niches for tech and business
Several members say they are open to revisiting previously held assumptions about project. READ SOURCE...
Hong Kong to mark Valentine’s Day with few Covid curbs left, but will business bloom for florists and other vendors?
Vendors say more love birds are celebrating over the weekend and requesting flowers earlier. READ SOURCE...
COP28: ostracising Big Oil and polluters won’t deliver action on climate change
The UAE Minister of State and CEO of the Abu Dhabi National Oil Company, Sultan Ahmed al-Jaber, speaks to the US Presidential Envoy for Climate John Kerry, at the opening session of the Atlantic Council Global Energy Forum, in Abu...
US-China tech war: Huawei counts on 5G-powered Tianjin Port to redefine its enterprise business to survive crushing trade sanctions
Tianjin Port is the latest technological showpiece of Huawei Technologies, as the world’s largest provider of phone network equipment reinvents itself after nearly four years of crushing US sanctions. READ SOURCE...
Zim adds capacity, frequency to its Asia-US East Coast service
Zim’s eCommerce Baltimore Express, which makes its first US call at Baltimore, will see a capacity boost of “nearly 50 percent.” READ SOURCE...