HK, region mostly up as debt fears temper tech gains
Asian stocks mostly rose on Tuesday as a tech-led record on Wall Street was tempered by ongoing worries about a spike in government borrowing costs. In Hong Kong, the benchmark Hang Seng Index ended the day 240 points, or one percent, higher at 24,280 on turnover of HK$98.26 billion. The tech index was 39 points, or 0.9 percent, up at 4,223 while the China enterprises index advanced 77 points, or one percent, to 8,128. Oil held most of the losses seen in response to a G7 release of stockpiles, Saudi Arabia's price cut and a pick-up in Gulf exports to pre-war levels, though supply fears are keeping prices elevated. The US Nasdaq closed at a fresh peak thanks to rallies in tech giants including Nvidia, SpaceX and Meta, though observers pointed out that the market gains were increasingly concentrated on a few stocks. Asia struggled to match the positive energy on Wall Street in the morning but picked up as the day progressed. In Tokyo, the Nikkei ended up 737 points, or 1.05 percent, at 70,683 as a morning advance accelerated in the afternoon session after strong demand at a closely watched sale of 10-year Japanese government bonds allayed worries about the debt market. The broader...
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Bali or Europe? Retired Hong Kong couple builds an ‘alpine’ retreat in the mountains
“At the moment, it’s about 23 degrees Celsius [73 degrees Fahrenheit],” says new hotelier Cheryl Kwok, looking out of her window on a recent overcast afternoon. “The rainy season is just about to start, so we’ve got a little drizzle. At night, it might drop to 14 or 16 degrees.” It may come as a surprise that Kwok, a native Singaporean and former Hong Kong resident, is based in Bali. The island is not exactly known for sweater weather or heated swimming pools, but that is precisely what she...
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New Data Shows Travelers Are Expanding Beyond Japan’s Golden Route
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Travel Trends: The Scenic Route
From high-speed domestic corridors to five-star rolling hotels, rail travel is experiencing its most ambitious global renaissance in a generation, driven by sustainability, innovation from design The post Travel Trends: The Scenic Route appeared first on Business Traveller.
The 2027 FIFA Women’s World Cup is set to generate approximately R$ 8.8 billion for the economy
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Grounded Ambition
As Saudi Arabia enters Phase Three of Vision 2030, we gathered key hospitality leaders in Riyadh to discuss future execution and mobility The post Grounded Ambition appeared first on Business Traveller.
Supreme Court Tangles Over a Major Climate Change Case
The justices began their new term with a landmark dispute over whether local governments can hold oil companies liable for damages from climate change.
West End and Broadway stars, Alfie Boe and Lea Salonga join Spotlight: South Africa.
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Lego fraudster among last year's most high-profile insurance scammers
The person was sentenced to 28 months in prison after an investigation found the claims were made up, the insurance trade body, the ABI said.
Visit Orlando Expands U.K. Campaign with London Consumer Activation, Holiday Giveaway and Events
Visit Orlando is strengthening its presence in the U.K., Orlando’s No. 1 overseas international market, through an integrated campaign that combines consumer advertising, an experiential activation, national holiday giveaway and dedicated travel trade events. The initiative includes Play Your Way to Orlando, a free Orlando-themed mini golf experience at Westfield Stratford City in London from 23 – 25 October, followed by Elevate Orlando Live events for travel advisors and industry partners in London and Dublin.
OpenAI admits response to Australian government hacks 'not good enough'
Top executive Jason Kwon tells hearing company has added "more precautions" to its training environments.
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