Nike to fully exit Russia, joining list of Western firms that have pulled out of the country
Nike said on Thursday it will permanently leave the Russian market. Russian authorities have warned that they were ready to nationalise foreign assets. ⌘ Read more
Tencent’s WeChat bans public accounts from providing secondary trading services for NFTs
WeChat is banning secondary trading of NFTs, heeding Chinese regulators’ guidelines to steer clear of the financial aspect of such digital assets. ⌘ Read more
Hong Kong government to give eligible elderly receiving allowances an extra HK$995 a month from September 1
All eligible elderly single people with assets of no more than HK$374,000 and couples with no more than HK$568,000 will receive HK$3,915 a month. ⌘ Read more
Climate Change: China’s firms lag behind Asia, North America, Europe in net-zero targets with only 4 per cent adherence, study finds
Net zero target disclosure rules have gained significance as global fund managers have started to vote with their US$68 trillion of assets to persuade companies to embrace the climate change agenda. ⌘ Read more