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Hong Kong's wealthiest households now earn 80 times more than the poorest, a figure that has more than doubled in just five years, according to a report by Oxfam released on Wednesday. The report highlighted the city's struggle with an aging population and widening income disparity. Hong Kong, a major...

Capital has emerged as the leading risk facing the mining industry this year, overtaking last year's second-place position, as challenging financing and economic conditions make it harder to secure the metals needed for the energy transition, according to a new report by EY. Theo Yameogo, EY Americas and Canada Mining...

Shares of New World Development, one of Hong Kong’s major property companies, surged by 23% on Friday after the unexpected resignation of Adrian Cheng, a member of the company’s founding family. The company had temporarily halted trading on Thursday, later announcing that Cheng would be stepping down to focus on...

Bernard Arnault, the influential head of LVMH, briefly slipped into the ranks of the world’s wealthiest individuals but quickly regained his position as the fifth-richest person. After shedding approximately $54 billion due to a slump in the luxury market, Arnault bounced back. Both the drop and the recovery in Arnault’s wealth...

Chaos has been the defining feature at Roma for several seasons, marked by constant managerial changes, fan unrest, and questionable market decisions. This tumultuous environment recently led to the dismissal of head coach José Mourinho and Italian legend Daniele De Rossi, alongside the resignation of the club’s CEO, Lina Souloukou,...

Vinod Khosla, the billionaire co-founder of Sun Microsystems, has found himself in the crosshairs of Elon Musk, the world's richest man, in a longstanding dispute over public access to Martins Beach on the San Mateo County coast. The picturesque beach, located seven miles south of Half Moon Bay, has been...

The Commercial International Bank – Egypt (CIB) has appointed Hisham Ezz Al-Arab as CEO and Managing Director, succeeding Hussein Abaza, whose term has concluded. In a historic move, the board has also nominated Neveen Sabbour as Non-Executive Chair, making her the first woman to ever hold this position at CIB....

Tencent’s co-founder, Pony Ma, has reclaimed the top spot on China’s wealth rankings, marking the latest ascent of a tech billionaire in the country. Recent economic concerns in China, the world's second-largest economy, led to a decline in some Hong Kong-listed shares, enabling Ma to overtake bottled water magnate Zhong Shanshan....

China and Latin American countries are joining forces to address human rights challenges and foster development, officials and experts emphasized at the first China-Latin America and Caribbean States Roundtable on Human Rights held in Rio de Janeiro on Tuesday. The event, organized by the China Society for Human Rights Studies...

A $39 billion takeover attempt by Canada’s Alimentation Couche-Tard for the owner of 7-Eleven is being seen as a turning point for Japan's corporate governance, and it has left executives worried their own companies might soon face similar bids. The CEO of Suntory Holdings, Takeshi Niinami, shared this perspective. In...