Exclusive: HSBC set to push back against Ping An breakup proposal
HSBC Holdings Plc (HSBA.L) is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest shareholder, two people with knowledge of the matter said.
Hong Kong’s financial sector faces talent crunch as expats head for the exit
Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city’s strict coronavirus restrictions.
Credit Suisse says its revamp intact despite chairman’s exit over COVID-19 breaches
Credit Suisse will stick to its strategic overhaul despite the abrupt departure of its mastermind Antonio Horta-Osorio following an internal probe into his personal conduct, including breaches of COVID-19 rules, the embattled bank’s new chairman said on Monday.
Hong Kong warns COVID-19 curbs on air cargo to hit goods supply
Hong Kong will soon feel the negative effects of tougher COVID-19 quarantine curbs on air crew, with cargo traffic and the supply of goods into the city set to drop, Chief Executive Carrie Lam said on Wednesday.
Analysis: Pandemic fatigue makes the case for boosters a harder sell
Some nations are already looking to a fourth vaccine dose to help contend with a huge Omicron-driven spike in COVID-19 cases, but early signs suggest repeat vaccination may be a hard sell as beleaguered populations enter their third pandemic year.
U.S. job growth seen accelerating in December; record job creation anticipated for 2021
U.S. employment growth likely picked up in December, culminating in record job creation in 2021, but the labor market could temporarily lose its luster as raging COVID-19 infections cause disruptions at businesses and schools.
Emirates warns Omicron could cause ‘significant traumas’ for aviation industry
A major hit to the peak December travel season because of the Omicron variant of the coronavirus would cause “significant traumas” in the global aviation business, Emirates airline President Tim Clark said on Tuesday.
Japan joins Israel in barring foreigners as Omicron worries spread
Japan said on Monday it would close its borders to foreigners, as the world’s third-largest economy joined Israel in taking the toughest measures against the new coronavirus variant Omicron, which also cast a cloud over Australia’s re-opening plans.
Locked in hotels: Hong Kong’s COVID-19 rules take mental toll on Cathay pilots
One of Asia’s largest airlines, Cathay Pacific, is facing a revolt from pilots who say Hong Kong’s tough quarantine rules under its zero-COVID policies are endangering their mental health, leading to rising stress and resignations.
Factbox: Asia-Pacific countries begin to open selectively for international travel
Asia-Pacific countries, which have had some of the world’s strictest border controls and quarantine rules during the pandemic, are starting to open selectively to fully vaccinated international travellers as well as their unvaccinated children.
