It has been labelled a “global transport crisis” – a shortage of shipping containers in Asia is triggering record freight costs. China is ramping up its production to meet the rising demand. But pandemic restrictions around the world have compounded the problem, causing lengthy delays and a heavy backlog at ports across Asia. Al Jazeera’s Sarah Clarke reports from Hong Kong. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #China #GlobalShippingCrisis #AljazeeraEnglish
Simon Shen of University of Hong Kong says the “root cause” of the protests in Hong Kong appear to be the structural issues of the One Country, Two Systems framework, rather than housing policies.
The London Stock Exchange Group (LSE.L) has unanimously rejected a takeover bid from Hong Kong Exchanges and Clearing (HKEX) (0388.HK). LSE said in a statement on Friday lunchtime that the board had “considered the unsolicited, preliminary, and highly conditional proposal” and concluded it has “fundamental flaws.” “The Board has fundamental concerns about the key aspects of the Conditional Proposal: strategy, deliverability, form of consideration, and value,” the company said in a statement. LSE said it would not engage further with HKEX and would instead focus on its acquisition of data business Refinitiv. HKEX surprised the market on Wednesday with a £32bn bid for LSE. It said a merger of the […]
What other cities can learn from Hong Kong’s transport system One of the world’s biggest cities, Hong Kong has more shopping malls per square kilometre than any other. With its heavily dense population, the city relies substantially on its rail network. Al Jazeera’s Sarah Clarke reports on the city’s advanced transport system, which is seen as a model for others to follow. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: http://www.aljazeera.com/
