Hong Kong Crisis

China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.

Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over.

Hong Kong's population must undergo three rounds of compulsory coronavirus testing, the city's leader said Tuesday, as she confirmed mainland Chinese officials were stepping up oversight of the financial hub's response to its worst outbreak yet.

Hong Kong is in the throes of its worst-ever coronavirus outbreak, as residents are suddenly confronted with a severely overstretched healthcare system and a tightening of restrictions even as much of the world opens up.

Capital has flown into the Asian financial hub in 2020, initially due to comparatively high interest rates, and subsequently attracted by a series of large initial public offerings, analysts said.

Hong Kong's flagship carrier Cathay Pacific is asking its 27,000 employees to take up to three weeks of unpaid leave, CEO Augustus Tang said Wednesday, as the airline faces a crisis in the wake of the new coronavirus outbreak.

Hong Kong's Disneyland announced it was shutting its doors on Sunday until further notice over the deadly virus outbreak in central China, a day after city authorities classified the crisis as an emergency.

Hong Kong police Monday warned for the first time that they may use "live rounds" after pro-democracy protesters fired arrows and threw petrol bombs at officers at a beseiged university campus, as the crisis engulfing the city veered deeper into danger.

Paralysed by seething protesters and intransigent bosses in Beijing, Hong Kong's government lacks the power and experience to end the unprecedented political crisis in the city, analysts say.

US President Donald Trump put China on notice at the United Nations on Tuesday over its handling of the Hong Kong crisis, urging Beijing to protect the former British territory's "democratic" way of life.

Police on Sunday fired tear gas to disperse protesters in the latest clashes in more than three months of unrest that has plunged the Chinese-ruled city into its worst political crisis in decades.

Hong Kong leader Carrie Lam said on Tuesday she has never asked the Chinese government to let her resign to end the city's political crisis, responding to a Reuters report about a voice recording of her saying she would step down if she could.

Thousands of protesters blocked roads and public transport links to Hong Kong airport on Sunday in a bid to draw global attention to their fight for greater democracy for the Chinese-ruled city which is facing its biggest political crisis in decades.

Violence in Hong Kong's anti-government protests is becoming more serious but the government is confident it can handle the crisis itself, the embattled leader of the former British colony said on Tuesday.

A flight attendant on Friday accused Cathay Pacific of summarily firing her over Facebook posts linked to Hong Kong's political crisis, adding to concerns about a China-driven witch-hunt to root out pro-democracy supporters at major firms.

China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.

Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over.

Hong Kong's population must undergo three rounds of compulsory coronavirus testing, the city's leader said Tuesday, as she confirmed mainland Chinese officials were stepping up oversight of the financial hub's response to its worst outbreak yet.

Hong Kong is in the throes of its worst-ever coronavirus outbreak, as residents are suddenly confronted with a severely overstretched healthcare system and a tightening of restrictions even as much of the world opens up.

Capital has flown into the Asian financial hub in 2020, initially due to comparatively high interest rates, and subsequently attracted by a series of large initial public offerings, analysts said.

Hong Kong's flagship carrier Cathay Pacific is asking its 27,000 employees to take up to three weeks of unpaid leave, CEO Augustus Tang said Wednesday, as the airline faces a crisis in the wake of the new coronavirus outbreak.

Hong Kong's Disneyland announced it was shutting its doors on Sunday until further notice over the deadly virus outbreak in central China, a day after city authorities classified the crisis as an emergency.

Hong Kong police Monday warned for the first time that they may use "live rounds" after pro-democracy protesters fired arrows and threw petrol bombs at officers at a beseiged university campus, as the crisis engulfing the city veered deeper into danger.

Paralysed by seething protesters and intransigent bosses in Beijing, Hong Kong's government lacks the power and experience to end the unprecedented political crisis in the city, analysts say.

US President Donald Trump put China on notice at the United Nations on Tuesday over its handling of the Hong Kong crisis, urging Beijing to protect the former British territory's "democratic" way of life.

Police on Sunday fired tear gas to disperse protesters in the latest clashes in more than three months of unrest that has plunged the Chinese-ruled city into its worst political crisis in decades.

Hong Kong leader Carrie Lam said on Tuesday she has never asked the Chinese government to let her resign to end the city's political crisis, responding to a Reuters report about a voice recording of her saying she would step down if she could.

Thousands of protesters blocked roads and public transport links to Hong Kong airport on Sunday in a bid to draw global attention to their fight for greater democracy for the Chinese-ruled city which is facing its biggest political crisis in decades.

Violence in Hong Kong's anti-government protests is becoming more serious but the government is confident it can handle the crisis itself, the embattled leader of the former British colony said on Tuesday.

A flight attendant on Friday accused Cathay Pacific of summarily firing her over Facebook posts linked to Hong Kong's political crisis, adding to concerns about a China-driven witch-hunt to root out pro-democracy supporters at major firms.