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Hong Kong to keep ‘open mind’ on options for struggling postal service

Hong Kong authorities have vowed to develop a long-term road map for the city’s struggling self-financing postal operator and keep an “open-mind” on all options, including privatisation or turning it into a traditional department. Acting Secretary for Commerce and Economic Development Bernard Chan Pak-li revealed the move at the Legislative Council’s economic development panel meeting on Tuesday, saying the proposed HK$4.6 billion (US$587 million) cash injection to Hongkong Post was intended...

South China Morning Post 8d ago

MTR Corp boss Jacob Kam elected chairman of Hong Kong’s largest business chamber

MTR Corp boss Jacob Kam elected chairman of Hong Kong’s largest business chamber Kam takes over as head of the Hong Kong General Chamber of Commerce for one-year term Jacob Kam Chak-pui, 64, took over as chairman of the Hong Kong General Chamber of Commerce on Wednesday following an election among members, expressing “strong confidence” in the city’s economic development. Kam, previously the chamber’s vice-chairman, said he believed the market outlook was rebounding as the global...

South China Morning Post 7d ago

Illinois Gov. JB Pritzker to suspend tax breaks offered to data centers

Illinois Gov. JB Pritzker on Friday plans to temporarily halt offering tax breaks to data centers that apply to build in the state and intends to call on lawmakers and other groups to hash out a framework in the fall veto session for how the centers should be developed. In a plan first shared with NBC News, Pritzker will announce he will pause the processing of any applications to the tax incentive program handled by the Illinois Department of Commerce and Economic Opportunity beginning July...

NBC News 5d ago

EU, China hold talks as trade war looms

The EU and China were due to hold talks to defuse escalating trade tensions after Europe voted last week to adopt a tough new approach. EU trade chief Maros Sefcovic was set to meet China’s top trade envoy, Li Chenggang, on the sidelines of an Organisation for Economic Co-operation and Development (OECD) meeting on Thursday, the South China Morning Post reported. Talks will focus on establishing a new platform to discuss trade and investment issues and will pave the way for Chinese Commerce...

South China Morning Post 6d ago

Meta launches 'America's Workforce Academy', CEO says US will need thousands of skilled workers

Meta CEO Mark Zuckerberg says that the United States will need hundreds of thousands of skilled trade workers to help build the infrastructure required for the country's AI ambitions. As part of that effort, the social media giant has launched America’s Workforce Academy (AWA), a new initiative aimed at providing free training and direct pathways to jobs in skilled trades. Announcing the initiative, the company said: “Meta is proud to be partnering with the National Urban League, the...

Times of India 1d ago

Shopee slashes jobs in Singapore amid AI push; software engineers among those affected

Shopee slashes jobs in Singapore amid AI push; software engineers among those affected Employees at Shopee's Singapore headquarters told CNA they were laid off on Monday. E-commerce giant Shopee has slashed jobs in Singapore amid its latest foray into artificial intelligence, stating that the cuts come after a regular review of business operations. Responding to media queries on Wednesday (Jun 10), a Shopee spokesperson said the company regularly assesses its “staffing needs”.

Channel News Asia 9h ago

Rising from the rubble: A Gaza tech incubator defies Israel’s war

Rising from the rubble: A Gaza tech incubator defies Israel’s war Israel’s war on Gaza has decimated the tech sector, killing experts and destroying incubators that offered opportunities. The devastating fallout of Israel’s genocidal war on the Gaza Strip has extended far beyond the destruction of homes and basic services. More than two and a half years of violence have obliterated Gaza’s economy – including the technology and entrepreneurship sector, a vital lifeline that once provided...

Al Jazeera 10h ago

Nepal seeks 'transformative' ties, says no grudge against India

Nepal does not carry any old baggage against India and is determined to build a genuinely transformative relationship with its “close neighbor and most important partner,” said Nepal foreign minister Shisir Khanal as he met his counterpart S Jaishankar on Saturday, following another round of diplomatic strife over the border dispute. Welcoming Khanal, Jaishankar said earlier India’s clear message to the new Nepal government was of collaboration and cooperation as there’s an opportunity today...

Times of India 3d ago

Europe’s fears about China trade threat miss the point

Outside In Europe’s fears about China trade threat miss the point How are Beijing’s successful industrial policies any different from those used by Europe, the US or the ‘Asian tigers’ in the past? 3-MIN READ3-MIN 1 Listen David Dodwell is CEO of the trade policy and international relations consultancy Strategic Access. Europe’s political and business leaderships appear to have concluded that China’s economic dominance represents an existential threat – not from intrinsic competitiveness but...

South China Morning Post 5d ago

India news: Mamata Banerjee vows to 'fight or die' at protest in Kolkata

India news: Mamata Banerjee vows to 'fight or die' Published June 2, 2026last updated June 2, 2026What you need to know - Mamata Banerjee led a large sit-in protest in Kolkata - The protest is against alleged attacks on party leaders and an eviction drive by the BJP - 30 Indian truck drivers arrested in US for residing illegally - India says '99%' of first tranche of India-US trade deal done - Nepal's ruling party chief calls for closer ties with India Below is a roundup of some of the top...

Deutsche Welle 8d ago