Hong Kong laundry sector facing closures amid oil price surge South China Morning Post Source link
Author: Isla
Apr 9, 2026 A report from Standard Chartered indicates a growing number of companies are utilizing Hong Kong to access yuan funds for operational financing. This trend is attributed to the city’s capital market and a specific liquidity facility.The Hong Kong Monetary Authority operates a yuan facility that provides funding to lenders. This facility initially offered a set quota to a group of banks for arranging client loans. Due to high demand, the facility’s total available amount was increased earlier this year.Survey data cited in the report shows that among firms with existing yuan exposure, nearly a quarter intend to…
Easter Sale – 70% Off TipRanksFast Retailing Co Ltd Shs Unsponsored Hong Kong Depositary Receipt Repr 1/100th Sh ( (HK:6288) ) has issued an announcement. Fast Retailing Co., Ltd., a major apparel retailer with a significant international footprint, has announced an interim ordinary dividend for holders of its Hong Kong Depositary Receipts for the six months ended 28 February 2026. The dividend is set at JPY 3.2 per HDR for the financial year ending 31 August 2026 and reflects the group’s ongoing policy of returning cash to shareholders. The updated announcement supplements details previously released in February 2026 and confirms…
Sheikh Mohammed calls for UAE flags to be raised nationwide Gulf News Source link
We’re really pleased that you’ve read X Times of Israel articles in the past month. You clearly find our careful reporting of the Iran war valuable, at a time when facts are often distorted and news coverage often lacks context. Your support is essential to continue our work. We want to continue delivering the professional journalism you value, even as the demands on our newsroom have grown dramatically during this ongoing conflict. So today, please consider joining our reader support group, The Times of Israel Community. For as little as $6 a month you’ll become our partners while enjoying…
A UAE minister has called for the full and unconditional opening of the Strait of Hormuz with “not strings attached” as the important oil chokehold remains closed by Iran after briefly being opened following a fragile ceasefire.Sultan Al Jaber, the UAE Minister of Industry and Advanced Technology and CEO of Adnoc, condemned Iran for restricting access and “weaponizing” access to this vital waterway.“The Strait must be open – fully, unconditionally and without restriction. Energy security and global economic stability depend on it. The weaponization of this vital waterway, in any form, cannot stand,” he wrote in a LinkedIn post on…
If you’ve been on TikTok, walked through a mall, or even glanced at your Instagram feed, one name has been surfacing repeatedly: Primark. From viral “haul” videos to countdown posts, anticipation had been building steadily. And when the doors finally opened at City Centre Mirdif, that online buzz spilled into real life — long queues, people waiting it out, phones out capturing the moment, and a steady stream of visitors who seemed just as curious about the atmosphere as the merchandise. Source link
The UAE Armed Forces dealt with no ballistic missiles and no drones on Thursday, the Ministry of Defence said.It marks the quietest day of missile activity in the Emirates since the Iran war began and comes a day after a two-week ceasefire was announced. The country’s air defence systems have intercepted 537 ballistic missiles, 26 cruise missiles and 2,256 drones since Iran began its daily attacks on February 28.The pause in hostilities was confirmed by the US President Donald Trump, Iran and mediator Pakistan shortly before 4am on Wednesday morning.Since then, the UAE has said it is “seeking further clarification”…
China stands to learn a lot from the war in Iran. Red lines and deadlines imposed by the United States, even when backed by the threat of genocide, can turn out to be rather wobbly. The American military, despite its unrivaled power, has trouble swatting down swarms of cheap drones. But the most valuable lesson, at least for China’s ambitions to seize Taiwan, has more to do with the way the world’s supply chains, energy prices, and stock markets influence the U.S. willingness to fight.It remains unclear what exactly led President Trump to step back from his ultimatum Tuesday that…
For anyone who has been following U.S.-Southeast Asia relations over the past eighteen months, and especially since the onset of the Iran war, these results should not be surprising. Even before Trump took office, U.S. popularity had plummeted in parts of Southeast Asia—particularly Malaysia and Indonesia—because of the United States’ handling of the Gaza war. Indeed, even Malaysian Prime Minister Anwar Ibrahim, who has close personal ties with many U.S. opinion leaders (including myself and others at CFR) and was once affiliated with Johns Hopkins University, had become publicly critical of the United States, probably reflecting broader Malaysian views.The region has…