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BUSINESSAug 23South Korea tests Arctic route with a first container shipped to EuropeReaching Europe from Asia via the Arctic is nothing new... Russia and China have used this route for years. But yesterday, South Korea sent its first container ship along this path to avoid the traffic blockade in the Middle East. Experts warn the shift could further accelerate the melting of polar ice.France 24 [en]
BUSINESSAug 23People’s Daily defends China’s economic resilience, says annual targets will be metThe flagship newspaper of China’s ruling Communist Party has run back-to-back commentaries defending the resilience of the world’s second-largest economy, saying domestic risks were being contained while China continued to provide greater stability to the global economy. The People’s Daily commentaries, published on Saturday and Sunday, came as weak domestic demand and persistent imbalances weighed on second-quarter growth, with July data showing little improvement. “In the second half of the...South China Morning Post
BUSINESSAug 23‘Huge influx’: expat retirees projected to drive Hong Kong’s premium home demandHong Kong is tipped to see more luxury home sales with expatriates increasingly choosing the city as their retirement base, drawn to its low-tax environment as well as business opportunities, according to analysts. “A huge influx of expats who used to live in Hong Kong are moving back with a long-term view to retirement,” said Victoria Allan, founder and CEO of Habitat Property. “Many expats who previously would have left to retire are staying and purchasing [property] for the first...South China Morning Post
BUSINESSAug 23Chinese, Southeast Asian ride-hailing firms eye Hong Kong amid licensing roll-outMore ride-hailing platform operators from mainland China and Southeast Asia have approached the Hong Kong government about entering the city’s market ahead of the launch of licensed operations, the transport minister has revealed. Secretary for Transport and Logistics Mable Chan also said on Sunday that more than 7,500 people had applied for the new combined taxi and ride-hailing vehicle written test, calling the number a “very good and positive” sign. “We hope there will be more competition and...South China Morning Post
BUSINESSAug 23BOK expected to raise Korea 2026 growth estimate to over 3 %: expertsExperts anticipate the Bank of Korea will increase its growth estimate for Korea in 2026 to over 3%. This indicates a positive revision in the country's economic outlook.koreatimes.co.kr · South Korea
BUSINESSAug 23Tesla retira casi tres millones de unidades de China por una falla detectada que genera riesgos de seguridadLa medida no sólo alcanza a la marca insignia de la empresa de Elon Musk. La mayoría de los autos eléctricos chinos deberán también hacer modificaciones. El cambio de reglamentación tiene que ver con las puertas de los vehículos.Clarín
BUSINESSAug 23Uttar Pradesh showcases historical tourism to Japanese delegationUttar Pradesh is presenting its historical tourism offerings to a Japanese delegation. This represents efforts to promote cultural exchange and boost the region's tourism industry.business-standard.com · India
BUSINESSAug 23South Koreans ‘intoxicated by stocks’ swarmed market frenzy – and lost everythingIt was a ⁠vision to give South Korea a stock market that reflected its true economic ⁠dynamism, by shedding regulatory taboos and encouraging bolder bets – instead, it created an investor trauma that could take years to shake. The ⁠30 per cent decline in the Kospi benchmark since its June 19 peak has hurt President Lee Jae Myung’s government politically and turned the spotlight on an economic system that drove retail investors into poorly understood leveraged products. It has also raised...South China Morning Post
BUSINESSAug 23Licence to savour: Hong Kong craft brewers push for on-site beer permitsWhen a 100-strong South Korean tour group approached a Hong Kong craft beer manufacturer for a tour and tasting session, the operator declined their request. The refusal was not down to a lack of confidence in the product or a staff shortage. It was regulatory: the brewery simply lacked a licence to serve its beer on the premises. “It is not easy doing manufacturing in Hong Kong,” said Luke Yardley, founder of local craft beer brewery Yardley Brothers. “It is just a missed opportunity when in...South China Morning Post
BUSINESSAug 23Hong Kong can open a lucrative new frontier as Chinese tech IP hubSince 2021, Hong Kong’s development as a regional intellectual property (IP) trading centre has featured in China’s five-year plans and the policy addresses of chief executives Carrie Lam Cheng Yuet-ngor and John Lee Ka-chiu. There are good strategic reasons to see considerable potential in developing the city as an IP servicing centre for the Greater Bay Area, and potentially the whole of China and wider Asia-Pacific region. Hong Kong has several natural advantages. Major international IP...South China Morning Post
BUSINESSAug 23How Opatra’s ‘coercive’ tactics in Hong Kong echo global ‘Dead Sea sales scams’Allegedly aggressive sales tactics and business operations in Hong Kong’s beauty product sector closely mirror the global “Dead Sea sales scams” uncovered years ago, documents on WikiLeaks have shown. The controversy has prompted calls from experts for the city’s government to strengthen regulation by expanding proposed cooling-off period legislation to cover retail beauty goods. A check of the whistle-blower website WikiLeaks by the South China Morning Post found that shops and kiosks selling...South China Morning Post
BUSINESSAug 22South Korea sending first container ship through Arctic routePanStar Acro, bound for Europe via Arctic, is testing whether a route opened by melting sea ice is commercially viable.Al Jazeera [en]
BUSINESSAug 22QNB : China electric vehicle exports accelerate as industry moves toward consolidationChina's electric vehicle exports are accelerating as the industry moves towards consolidation. This highlights a trend in the global automotive market and China's economic activity.thepeninsulaqatar.com · Qatar
BUSINESSAug 22South Korea sends first container ship through Arctic routeThis article details South Korea's dispatch of its first container ship via the Arctic route, signifying a new development in international shipping and trade.channelnewsasia.com · United States
BUSINESSAug 22India Leaves the Door Ajar for China’s InvestorsYahoo Finance
BUSINESSAug 22Why China’s EV boom is seen as an ‘unparalleled opportunity’ in AfricaWhile the US and some European governments view China’s vast production of electric vehicles and green-energy tech as overcapacity, African companies see it as an opportunity to secure EV technology and develop the industry. China is the global leader of the EV industry – it makes nearly 75 per cent of the world’s electric vehicles and dominates the supply chain. Its high production has driven down the cost of EVs, batteries and components, which has improved access to technologies that were...South China Morning Post
BUSINESSAug 22Indonesia welcomes more Chinese investments , businesses : president - XinhuaThe Indonesian president has expressed a welcoming stance towards increased Chinese investments and businesses. This indicates a focus on strengthening economic ties between the two nations.english.news.cn
BUSINESSAug 22Iranian crude supplies to China declined amid U . S . blockadeIranian crude oil shipments to China have decreased due to a U.S. blockade. This development highlights the impact of international sanctions on global energy trade.iranoilgas.com · Iran
BUSINESSAug 22China Evergrande founder gets life imprisonmentThe founder of China Evergrande has been sentenced to life imprisonment.memphissun.com · United States
BUSINESSAug 22South Korean container ship sets sail on first commercial Arctic voyage to EuropeA South Korean container ship has embarked on its inaugural commercial journey through the Arctic to Europe. This voyage marks a new development in international shipping routes.economictimes.indiatimes.com · India
BUSINESSAug 22Beyblade battles drive up sales at Hong Kong malls, but how long will the trend last?The sharp clatter of spinning metal tops, cheers, sighs of frustration and shouts of “three, two, one … Go shoot!” echo across a shopping centre in Hong Kong’s New Territories on a weekday. In shops across Tuen Mun Town Plaza, children, teens and young adults hunch over small plastic battle arenas, unleashing the spinning tops into the “Beystadiums” in head-to-head competitions. The toy popularised by Japanese anime in the early 2000s made a comeback in Hong Kong and elsewhere in Asia early this...South China Morning Post
BUSINESSBREAKINGAug 22China Evergrande founder gets life imprisonmenthongkongherald.com · China
BUSINESSBREAKINGAug 22China Evergrande founder gets life imprisonmentgreekherald.com · Greece
BUSINESSAug 22China Evergrande founder gets life imprisonmenttaiwansun.com · China
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