Latest

Russian oligarchs' superyachts on sanctions radar
Russian oligarchs' superyachts on sanctions radar
Business and Economy
by  AFP

Luxurious superyachts owned by Russian oligarchs reportedly close to the Kremlin have proved difficult to seize under Western sanctions imposed over Moscow's war in Ukraine. Abramovich has been hit with sanctions by Britain and the EU, though not the US, for his close ties to Putin.

Hong Kong unveils US$97 billion post-pandemic budget
Hong Kong unveils US$97 billion post-pandemic budget
Business and Economy
by  AFP

Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery. The budget will push the city's books into the red for a second consecutive year, but by less than some forecasters initially feared, with an estimated deficit of HK$54.4 billion.