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Search resuls for: "Victoria Harbour"


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☆ Hong Kong economy shrinks 4.5% yr/yr in Q3, outlook remains weak
  + stars: | 2022-10-31 | by ( Reuters Staff | ) www.reuters.com   time to read: +2 min
HONG KONG (Reuters) - Hong Kong’s economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight quarter of downturn, advance government data showed on Monday, as external demand remained weak. Hong Kong, China June 29, 2020. The city’s economy shrank by 4.0% and 1.3% in the first and second quarters respectively. It was the deepest contraction since the second quarter of 2020 when gross domestic product shrank 9.4% as COVID-19 took its toll around the world. In his first policy address earlier this month, Hong Kong Chief Executive John Lee prioritised improving international competitiveness and attracting more overseas talent.
☆ Burned-out young people in Hong Kong are escaping to a peaceful island
  + stars: | 2022-10-19 | by ( Dave Lucas | ) www.reuters.com   time to read: 1 min
Craftsman Jesse Yu, 32, crosses on a ferry to Victoria Harbour, with the financial district seen in the background, in Hong Kong, China September 23, 2022. Newcomers drawn by an idyllic lifestyle and low rents in one of the world's priciest property...moreCraftsman Jesse Yu, 32, crosses on a ferry to Victoria Harbour, with the financial district seen in the background, in Hong Kong, China September 23, 2022. Newcomers drawn by an idyllic lifestyle and low rents in one of the world's priciest property markets are rejuvenating Peng Chau, reversing an exodus in the 1970s as fortunes waned in the area, once home to Hong Kong's biggest matchstick factory. REUTERS/Tyrone SiuClose
☆ Hong Kong leader says "no legal basis" to act on Russian superyacht
  + stars: | 2022-10-11 | by ( James Pomfret Clare Jim | James Pomfret | Clare Jim | ) www.reuters.com   time to read: +2 min
The 465-foot superyacht "Nord", owned by the sanctioned Russian oligarch Alexey Mordashov is seen docked, in Hong Kong, China October 7, 2022. REUTERS/Tyrone SiuHONG KONG, Oct 11 (Reuters) - Hong Kong leader John Lee said on Tuesday there was "no legal basis" for the city to act on Western sanctions, when asked about a Russian yacht berthed in the financial centre that belongs to a sanctioned Russian oligarch. Hong Kong authorities were criticised by the U.S. State Department for allowing a luxury yacht belonging to sanctioned Russian oligarch Alexey Mordashov to dock in Hong Kong waters last week. Instead, Lee said Hong Kong would only abide by United Nations sanctions. Officials in Hong Kong do what is right to protect the interests of the country and the interests of Hong Kong.
☆ In Hong Kong, Sanctioned Russian Tycoon’s Superyacht Sparks U.S.-China Spat
  + stars: | 2022-10-10 | by ( Newley Purnell | ) www.wsj.com   time to read: 1 min
The anchoring in Hong Kong waters of a sanctioned Russian oligarch’s superyacht is ramping up tensions between Beijing and Washington, which warned against the financial center being used as a safe haven. The 465-foot Nord, owned by steel magnate Alexey Mordashov , moored west of the Chinese territory’s Victoria Harbour last week after departing from the far-eastern Russian city of Vladivostok, according to website MarineTraffic.
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