Seven out of 11 Nepalis killed in fire incident in Hong Kong identified

Seven out of 11 Nepalis killed in fire incident in Hong Kong identified KATHMANDU, Nov 17: With the death of four more Nepali nationals, the number of Nepali nationals who were killed after fire broke out at a Nepali restaurant in Hong Kong rose to 11 on Tuesday. According to local media reports, seven victims have been identified as nine-year-old Riyan Nepal, 38-year-old Yubaraj Kadel, 13-year-old Kritika Kadel, 35-year-old Raj Babu Nepal, 39-year-old Sher Bahadur Gurung, 32-year-old Anita Niraula and…

Qatar calls for peaceful transfer of power in Afghanistan

The State of Qatar said that that it is closely following the fast-paced developments in the Afghan capital, Kabul, and called for an immediate, comprehensive, and permanent ceasefire in all Afghan territories. In a statement on Sunday, the Ministry of Foreign Affairs affirmed the need to work urgently for a peaceful transfer of power that would pave the way for a comprehensive political settlement, include all Afghan parties and achieve security and stability in the country. The statement stressed the…

Hong Kong: Downgrading GDP forecasts

Hong Kong GDP growth slowed more than expected GDP slowed to 2.9% year-on-year in 3Q18 from 3.5% previously. It was the slowest rate since 3Q16.  The main factor behind the slowdown was consumption. While this still grew 5.2% YoY in 3Q18, it was the slowest growth rate since 1Q17. We believe this is a result of consumers making large down payments on residential properties, which reduced the pool of money available for other purchases.  The other unexpected effect is that…

Mapping Hong Kong’s ETF market

Assets under management in exchanged-traded funds are burgeoning, but growth is concentrated in the US and Europe, writes Fiona Rintoul. By the end of August 2020, the ETF/exchange-traded product (ETP) market had reached a record US$7.1 trillion (€6 trillion) of assets under management (AuM), according to the consultancy ETFGI, but just $45 billion of that was attributable to the Asia-Pacific hub of Hong Kong. Trading in ETFs on the Hong Kong Stock Exchange typically accounts for less than 5% of…

Lionel Messi reaches agreement to sign for Qatar-owned Paris Saint-Germain

French sports outlet L’Equipe has said on its website that Lionel Messi has reached an agreement with Paris Saint-Germain (PSG) over a transfer. “His plane is expected in the next few hours in the French capital, Paris and he will sign an initial two-year deal”, reported L’Equipe on 10 August 2021. At a press conference on August 8, 2021, Messi made a tearful exit from his 20-plus year spell at FC Barcelona. Greatest ApplauseOfAllTime pic.twitter.com/YoJt8nkTZc — FC Barcelona (@FCBarcelona) August…

China will not recognise British passport for Hong Kong residents

FILE PHOTO: Chinese Foreign Ministry spokesman Zhao Lijian attends a news conference in Beijing, China September 10, 2020. REUTERS/Carlos Garcia Rawlins BEIJING/LONDON, Jan 29: China said on Friday that it would not recognise the British National Overseas (BNO) passport as a valid travel document from Jan. 31, just as Britain offered a path to citizenship to millions of Hong Kong people eligible for it. “Britain is trying to turn large numbers of Hong Kong people into second-class British citizens. This…

Haughey Breaks 2 Hong Kong Asian RecordS at ISL in Maryland

2019 INTERNATIONAL SWIMMING LEAGUE – AMERICAN DERBY Saturday, November 16 – Sunday, November 17, 2019 2:00-4:00 PM Local Time (U.S. Eastern Time) Eppley Recreation Center – College Park, MD Short Course Meters (SCM) format American franchises: Cali Condors, LA Current, DC Trident, New York Breakers Preview Live Stream (ESPN3) Full Day 1 Results Siobhan Haughey has continued her onslaught of the Hong Kong National Records in swimming with 2 more marks going down on Saturday at the University of Maryland.…