Feed

Open sources, classified and cross-checked. 3+ stories.

All Conflict Military Politics Business Sci & Tech Cyber Disaster Health World

24h 3 days 7 days 30 days All·All regions North America South America Western Europe Eastern Europe Baltics Middle East North Africa Sub-Saharan Africa South Asia East Asia Oceania

BUSINESS2d agoBig Apple vs Pearl of the Orient? How higher taxes in New York may open door for Hong KongOn November 4 last year, Zohran Mamdani won the New York mayoral election on a promise to make the city more affordable, with expanded social programmes funded in part by raising taxes on the city’s wealthiest residents and most profitable corporations. Nearly a year since his upset victory, he has secured one major piece of that agenda: a surcharge on high-end second homes. He also continues to push for higher corporate and income taxes. The proposals have intensified criticism of Mamdani, a...South China Morning Post

BUSINESSOct 15Hong Kong ranks third globally as philanthropy hub, behind New York and Seoul, study findsHong Kong has emerged as the third best city in the world for wealthy individuals seeking to make philanthropic contributions over the medium term, trailing New York and Seoul, according to a study by Altrata. The inaugural Giving Opportunity Index by the US-based group that tracks the world’s affluent population ranked 100 cities based on three criteria: wealth, donor affinity and philanthropic infrastructure. The study defined the “global wealthy” as individuals with a net worth of more than...South China Morning Post

BUSINESSOct 7Why Morgan Stanley sees more upside in Hong Kong offices than New York towersHigher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US investment bank highlighted the similarities between two of the world’s leading financial centres, pointing out that Hong Kong’s monetary policy moved in lockstep with the US Federal Reserve, while both cities faced limited land supply,...South China Morning Post