Natsiraishe is a 17-year-old Zimbabwean girl who started a Taekwondo workshop for local girls as a support group to fight against child marriage.
Western governments should treat people who insult the Prophet Mohammed the same as those who deny the Holocaust, Pakistan Prime Minister Imran Khan said Saturday.
The Ministry of Health (MOH) confirmed 39 new COVID-19 cases in Singapore as of noon on Saturday (17 April), taking the country's total case count to 60,808.
Montenegro's finance minister on Friday tried to ease concern over a near $1 billion Chinese-backed road project, insisting the country could afford to repay the debt and did not need EU help.
China's Coronavac vaccine was 67 percent effective at preventing symptomatic Covid-19 and 80 percent at preventing death, according to real-life results unveiled Friday from Chile's inoculation campaign.
The head of the world's largest vaccine maker directly tweeted US President Joe Biden on Friday urging him to lift an export ban on raw materials desperately needed to make more coronavirus shots.
Myanmar junta leader Min Aung Hlaing will join a special ASEAN summit next week, the Thai foreign ministry said Saturday, his first official trip since masterminding a coup which deposed civilian leader Aung San Suu Kyi.
The French community in Pakistan is torn between disbelief, fear and annoyance in reaction to their embassy's call for them to leave the country after Francophobic rioting this week by an extremist Islamic party.
Chinese President Xi Jinping slammed the European Union's plan for a carbon tax system Friday in a call with the leaders of France and Germany, state media reported.
Citigroup plans to hire up to 500 people in its wealth management business in Hong Kong as it focuses on “wealth centres” in Asia under new CEO Jane Fraser and significantly revamps its consumer banking business in the region. The expansion will include more than 300 new relationship managers in the city in the next five years, as the bank aims to triple its clients and double its assets under management (AUM) in Hong Kong’s wealth business by 2025. The American bank previously said it was planning to expand its headcount across its businesses in the city by up to 1,700 people, including wealth management, as it seeks to tap increasing capital flow from mainland China and rising affluence in the Greater Bay Area.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. “Hong Kong is a key strategic market for Citi and our Hong Kong franchise is one of the largest contributors to Citi’s revenues globally,” said Angel Ng Yin-yee, the chief executive of Citi Hong Kong and Macau. “Citi has a long history in Hong Kong and we are confident in our future here with a strategy to support and grow with our clients.” On Thursday, Citigroup said it would exit the consumer banking business in 13 markets internationally and focus on wealth centres in Hong Kong, Singapore, the United Arab Emirates and the United Kingdom. The revamp of its consumer banking business would include exits from mainland China, Malaysia, Taiwan and other markets where the bank said it lacks the scale to compete. “We will invest to grow the integrated wealth, payments and consumer lending businesses in our Hong Kong and Singapore hubs, which provide comprehensive solutions for customers with global needs and aspirations,” said Citi’s Asia-Pacific chief executive Peter Babej. “Asia is critical to our firm’s global ambitions, and we will allocate resources to drive profitable growth for our franchise.” Citi’s global consumer banking revenue declined by 14 per cent to US$7 billion in the first quarter, including a 9 per cent drop in revenue in its Asia operations. The revenue decline in Asia was driven by lower cards revenue and lower deposit spreads, partially offset by strong investments revenue and deposit growth, the bank said. Citi’s wealth expansion comes as other banks are bulking up their operations in the region as China further opens its financial markets to foreign money and more funds are expected to flow from the mainland’s wealthy into Hong Kong as part of the upcoming Wealth Connect scheme. In February, HSBC said it plans to invest US$3.5 billion and hire more than 5,000 people in its wealth management business in Asia over the next five years as it targets high net worth and ultra high net worth clients. Credit Suisse, another rival, plans to triple its headcount in China over the next three years. “We are already a market leader in wealth in Hong Kong and taking this business to the next level is a strategic priority,” Lawrence Lam, CEO and consumer business manager for Citibank Hong Kong. More from South China Morning Post:HSBC says four senior bankers to relocate to Hong Kong as it extends pivot to AsiaCitigroup to hire up to 1,700 people as it expands operations in Hong Kong with an eye on Greater Bay Area opportunitiesWellington Management plans Asia expansion targeting growing wealth in China and wider regionFTSE Russell moves forward with inclusion of Chinese government debt in flagship index as world’s second-largest bond market opens to foreignersHSBC to hire 5,000 wealth planners as it increases investment, emphasis on Asia’s richThis article Citigroup to hire up to 500 people for Hong Kong wealth management as it trims consumer banking in 13 Europe, Asia markets first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Mixed martial artists often change organizations to test themselves against world-class fighters in other parts of the world – and that’s the case with a handful of former UFC fighters who’ve moved to ONE Championship. However, four of the six athletes who’ve transitioned from the UFC to ONE Championship since 2018 have struggled to find … Continue reading "Former UFC Champions, Contenders Struggle To Make Dent In Asia’s ONE Championship"
Italy will ease coronavirus restrictions for schools and restaurants from April 26, Prime Minister Mario Draghi announced Friday, in response to increasing lockdown fatigue in the country.
President Joe Biden's administration announced Friday he was scrapping his pledge for a rapid expansion in the number of refugees allowed into the United States, but seemed to backtrack later in the day after fierce blowback from within his Democratic Party.
Like the old school game of "hantam bola", you can enjoy the Champions League by throwing your support behind someone. Someone like Pep Guardiola.
Bloomberg Wealth reviews assets that made a splash this week.
Russian plans to block parts of the Black Sea would be "unjustified", NATO said Friday, calling on Moscow "to ensure free access to Ukrainian ports in the Sea of Azov, and allow freedom of navigation".
Hong Kong-based entrepreneur Alex Fang, co-founder of private equity firm eGarden Ventures, has paid about HK$601 million (US$77.4 million) to be the new owner of a luxury home at The Peak developed by Wheelock Properties, according to a person familiar with the situation who declined to be identified because the information is not public. Fang paid HK$90,000 per square foot for the 6,676 sq ft property at 77B Peak Road, arguably the most exclusive address in the city, in the latest sign that the luxury property market is proving resilient despite a wider economic downturn. The transaction is one of the highest ever achieved for Wheelock. “The luxury market has not been affected too much by the downturn,” said Ricky Wong Kwong-yiu, managing director at Wheelock. “Over the last two months, we have already sold five houses worth HK$3 billion [in total] … The rich are still doing good business.” Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Wong refused to identify the buyers of the properties. Meanwhile, Dong Tao, vice-chairman, Greater China at Credit Suisse is reported to have bought a two-bedroom flat at Sorrento, an upscale development in West Kowloon for about HK$26 million, according to local media reports. Unlike the previous wave of luxury property transactions in the city, this time most buyers are “Hong Kong businessmen who are mostly in the tech industry,” said Wong. London overtakes Hong Kong as world’s busiest super prime property market Wharf has also leased a 10,804 sq ft luxury house at its 11 Plantation Road project on The Peak for HK$1.35 million a month, or HK$125 per square foot, it said last month. Other properties by Wharf on Peak Road were sold between HK$81,200 and HK$92,000 per square foot, Wong said. In 2020, Hong Kong was the second-busiest luxury property market in the world after London, according to data from property consultancy Knight Frank. Hong Kong saw 169 sales of homes worth US$10 million and above last year, while the British capital recorded US$3.75 billion of sales from 201 transactions. In 2018 and 2019, Hong Kong held the crown as the world’s largest property market by transaction value with total sales worth HK$6.6 billion and HK$4.6 billion, respectively. The closure of the border last year with mainland China, however, prevented mainland businessmen from coming to the city, making it difficult for agents and developers to sell luxury properties to them. Hong Kong’s January lived-in home prices rise Some of the wealthiest mainland businessmen, such as Tencent Holdings’ Pony Ma, own luxury homes in Hong Kong. In 2009, Ma bought a 8,000 sq ft house nestled in woodland between Shek O and Big Wave Bay for HK$480 million. The property is estimated to be worth over HK$1 billion now, according to property agents. Meanwhile, Alibaba Group Holding founder Jack Ma bought a 9,890 sq ft, three-storey house on Barker Road, The Peak, in 2015 for HK$1.5 billion. Alibaba owns the South China Morning Post. “Despite the pandemic, top-of-the-line residential assets continue to receive strong interest from the ultra-high-net-worth individuals,” said Maggie Lee, senior director and head of residential agency at Knight Frank Hong Kong. “So far in 2021, we have seen a good number of transactions of super-prime residential properties at record-high prices, surprising the market amid market the downturn.” Given the scarcity of home supply in Hong Kong’s wealthiest districts, “super-prime property assets are deemed to be safe havens for wealthy buyers”, she added. More from South China Morning Post:Luxury flat in Hong Kong’s exclusive The Peak district is leased for US$2 million a yearWharf seeks tenants for HK$1 million-a-month house on The Peak after acquisition spree in Hong Kong’s wealthy enclaveWharf (Holdings) breaks own record set less than two months ago for residential plot on The PeakThis article Hong Kong entrepreneur stumps up US$77.4 million for luxury Peak property, showing market resilience first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
China said Friday that the United States needed to take more responsibility on climate change but welcomed greater cooperation after a visit by envoy John Kerry, state media said.
Taiwan prosecutors on Friday charged a truck driver with negligent homicide over his role in the island's worst rail disaster in decades that left 49 dead and more than 200 injured.
Prince Philip often grabbed headlines for his outspoken remarks but was portrayed by royalists as the silent stalwart, who shelved his personal ambitions to support Queen Elizabeth II over seven decades.
Philippine authorities said Saturday they have seized some 200 tonnes of illegally harvested giant clam shells worth nearly $25 million in one of the biggest known operations of its kind in the country.
