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A dim sum restaurant owner in Chicago has fused the best of traditional Cantonese cuisine and Chicago culture. Spencer Ng, a second-generation business owner, took over his parent’s restaurant determined to further develop his family’s centuries-old Cantonese tradition. Amid the economic recession brought on by the …
Residents in the Chinese capital Beijing flocked to supermarkets to stock up on food, hoping to avoid Shanghai-style shortages in case of a citywide lockdown. The capital recorded 36 Covid-19 cases on May 12, 2022. Some districts in the city have seen tighter curbs, including taxi and ride-hailing service suspension…
Shireen Abu Akleh, a Palestinian-American journalist for Al Jazeera, was killed while covering an Israeli military raid in the West Bank on May 11, 2022. Her Palestinian producer, Ali al-Samoudi, was shot in the back and is in stable condition in hospital. Both were wearing press vests.
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In his inaugural address on May 10, 2022, South Korean President Yoon Suk-yeol announced ambitious plans to denuclearise the North Korean economy. Yoon follows in his predecessor’s footsteps by proposing economic packages in exchange for North Korean denuclearisation. The country’s 20th president, who won the electi…
Hong Kong’s newest metro station is slated to start operating on May 15, 2022. Exhibition Centre station lies on the new cross-harbour extension of the East Rail line, connecting commuters from parts of the New Territories to the city’s commercial and financial hub on Hong Kong Island without the need for switching …
Thanks to a mild summer, 2022 was a good vintage for Australian wine. But the ongoing trade dispute between Australia and China has led to millions of grapes being left to rot at vineyards across the country. The mainland Chinese market used to total more than AUS$1 billion (US$700 million) before China more than do…
South Africa dominates the 2026 rankings as Kenya leapfrogs Nigeria into second place and an Egyptian business tops the list for the first time. Plus: fintechs offer a fix to Africa’s financial problems and a solar success with more than 50mn customers across the continent
Indonesian President Joko Widodo, known as Jokowi, widened a ban on palm oil exports on April 28, 2022, days after announcing a partial ban to curb domestic cooking oil shortage and food inflation.
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Sri Lanka’s protests turned fatal for the first time since they began in March 2022, after police fired live ammunition and tear gas to disperse protests in the central town of Rambukkana. At least one person was killed and a dozen others were injured. Protests continued across the country, as demonstrators voiced a…
China’s economy beat expectations, growing by 4.8 per cent in the first quarter of 2022 compared to a year earlier, according to China’s National Bureau of Statistics (NBS) on April 18, 2022. Bloomberg analysts had predicted 4.3 per cent growth between January and March. “Generally in the first quarter, China's econ…
Several Chinese cities have been locked down after the nation’s biggest Covid-19 outbreak started on March 2022. Operations at factories have been suspended and transport in many regions has been halted, leaving thousands of migrant workers jobless. The Post visited a job market in the eastern suburbs of Beijing, wh…
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With Covid-19 lockdowns in place in Shanghai since March 28, 2022, there are growing concerns about shortages of food and daily supplies in the city and many other areas of China. As the 25 million residents of the financial hub race to stockpile items, people in cities across the country have also been preparing an…
As spring warms the landscape across China, cherry blossom products are filling market shelves for a limited time only. Flower-themed coffee, shower gel and cakes that are sold exclusively in the spring are gaining traction, even as the country faces its worst outbreak of Covid-19 and a downturn in domestic tourism.
Many Russian factories have cut production and jobs following the imposition of Western economic sanctions over Russia’s invasion of Ukraine. Restrictions imposed on its imports and exports have led to a dramatic rise in Russia's inflation rate. But Russian chocolate brand Red October said it has not been affected b…
Food deliveries in China’s financial and commercial hub, Shanghai, normally can be easily ordered with just a few swipes on a mobile phone. But as the country’s most populous city tackles its most serious wave of Covid-19 infections, lockdown measures have confined most of the city’s 25 million residents to their ho…
Japan offered an unusually warm welcome to 20 Ukrainian refugees as they arrived in the country on board a special government flight on April 5, 2022. The Ukranians, ranging in age from 6 to 66 years old, are expected to stay in the Asian country for at least six months, and will be provided with further support as …
After the March 28-31, 2022, lockdown on Shanghai’s Pudong area was lifted, the second phase of the city’s coronavirus lockdown got under way. Starting April 1, the stay-at-home orders were applied to Puxi, the city’s western half, in a bid to stem the worst outbreak of Covid-19 infections so far in the Chinese metr…
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Thousands of protesters gathered in the Pakistani capital Islamabad on March 28, 2022, to support a no-confidence vote against Prime Minister Imran Khan. The country’s political opposition has formed a coalition called the Pakistan Democratic Movement and launched a no-confidence motion against Khan, accusing him of…
Shanghai’s Pudong New District is deserted after the government announced a five-day lockdown of the eastern bank of the Huangpu River, starting on March 28, 2022.
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After months of imposing limited lockdowns of individual neighbourhoods, Shanghai has decided to lock down parts of China’s biggest city in two phases in a bid to curb a spike in Covid-19 infections. The measures started on March 28, 2022, with restrictions on a zone from the eastern bank of the Huangpu River, inclu…
Huawei Chief financial officer Meng Wanzhou has appeared at a press conference for the telecommunication giant's annual report, her first public appearance since returning to China after being detained in Canada. The daughter of company founder and chief executive Ren Zhengfei, Meng was detained in Canada on a fraud…
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Sri Lankan protesters attempted to storm the country’s presidential office on March 15. 2022, amid the worst financial crisis in its modern history. A crowd marshalled by the main opposition party surrounded the office and clashed with police, who resisted efforts to storm the building. This came after President Got…
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Overseas Russians like Konstantin Ivanov in Bali, Indonesia, are having a hard time getting cash from their bank accounts. Russia is facing its worst economic crisis since the fall of the Soviet Union as the West imposes crippling sanctions on the country’s financial system following its invasion of Ukraine.
Afghanistan’s deepening financial crisis since the Taliban takeover in August 2021 is being blamed for a growing number of Afghans selling their organs to save their families. Nearly 40 per cent of the nation’s people are now estimated to live below the poverty line with hundreds of thousands unemployed. Unlike most…
As Europe stepped up its campaign to lobby China to mediate on Russia’s invasion of Ukraine, Chinese President Xi Jinping has joined a video summit with French President Emmanuel Macron and German Chancellor Olaf Scholz. During the March 8, 2022, meeting, Xi warned that sanctions on Moscow could “drag down” the glob…
A Hong Kong NGO has been offering emergency supply delivery for asylum seekers and refugees who are struggling to stock up amid fears of a lockdown when the city conducts its universal testing for Covid-19. Ahead of the planned mass testing, shelves have been emptied in shops and supermarkets over panic-buying acros…
Several Russian oligarchs have had their yachts seized as part of economic sanctions imposed by Western and other nations since the Ukraine invasion. Famed for their extreme wealth and extravagant lifestyles, the elite group has come under increasing scrutiny since Russia invaded Ukraine on February 24, 2022. France…
Chinese Premier Li Keqiang announced a growth target of 5.5 per cent for 2022, citing “triple pressures” of declining demand, supply chain disruptions and weaker expectations as the reason behind the lowest targeted economic growth in more than 20 years. The new GDP growth targets were announced on March 5, 2022 in …
Thousands of Belgians are flocking to pharmacies to stock up on iodine tablets to protect themselves from radiation poisoning in the event of a nuclear incident. On February 27, 2022, Russian President Vladimir Putin announced that he was putting Moscow’s nuclear deterrence forces on high alert in the face of Wester…
Western powers and its allies have used wide-ranging financial measures against Russia since its invasion of Ukraine on February 24, 2022. Ordinary Russians have started feeling the pain of those sanctions, with the collapse of the rouble, soaring prices and foreign firms leaving the country. The SCMP takes a look a…
European countries, joined by the United States and Canada, have agreed to cut off “selected Russian banks” from Swift, the international banking system. “This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally,” the countries said in a st…
US President Joe Biden announced stronger sanctions on Russia on February 24, 2022, saying Russian President Vladimir Putin “chose this war”. The set of measures includes export controls that will “impose severe cost to the Russian economy, both immediately and over time”.
Hong Kong's financial secretary Paul Chan Mo-po unveiled a slew of measures totalling an estimated HK$170 billion, aimed at helping the city contain a fifth wave of Covid-19 infections. Measures include HK$10,000 spending vouchers for residents and new immigrants aged 18 and above, tax breaks, loans and rent relief …
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The single by the Thai metal band Defying Decay, The Law 112: Secrecy and Renegades, is a raucous, defiant anthem, challenging Thailand’s draconian lese-majesty laws. With a limited market for its brand of alternative metal in its home country, the seven-member band mainly focuses on touring overseas.
Explainer | Why is there a global shipping container crisis?The world’s dependence on China for goods comes into sharp focus as the coronavirus pandemic lays bare vulnerabilities in the global supply chain.
As the 2022 Winter Olympics continue in Beijing, participation in ice and snow activities has been booming across China. The number of tourists joining winter sports activities during the current season is projected to reach 300.5 million, generating revenues of about 323 billion yuan (US$50.8 billion). China has be…
