Thu. Jan 27th, 2022


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International business groups in Hong Kong are pleading with the government to resume flights, as a rating agency has warned that a ban on foreign travel would prevent companies from using Hong Kong as their regional headquarters.

Drivers traveling home for Christmas were stranded outside the Asian financial center after authorities suspended flights from eight countries, including the US and the UK, to protect the city from the Omicron coronavirus variant.

David Graham, executive director of the British Chambers of Commerce in Hong Kong, said the “unfortunate” flight ban came as a big surprise.

“This will inevitably cause significant disruption and inconvenience, especially to the many Hong Kong-based executives and employees who traveled to the UK for Christmas to be with family and who wanted to return to Hong Kong in early January,” he said. said the Financial Times.

Has your trip to or from Hong Kong been disrupted due to the ban? Share your story with us firstft@ft.com. Thank you for reading FirstFT Asia.- Emily

1. NATO stands ready for conflict in Europe, says alliance chief NATO has warned Moscow to abandon his belligerent foreign policy and to cooperate with the West or face a military alliance that has been embroiled in conflict, on the eve of a week of intense diplomacy aimed at preventing a Russian attack on Ukraine.

2. Reliance concludes agreement for New York’s Mandarin Oriental Mukesh Ambani’s Reliance Industries Hall paid $ 98m to acquire a controlling interest in the Mandarin Oriental Hotel in New York from Investment Corporation of Dubai, a sovereign wealth fund. Some of the hotel’s suites cost more than $ 14,000 a night.

3. Kazakhstan continues 6,000 in security forces repression Kazakhstan’s authorities said 164 people died and nearly 6,000 detained after days of deadly unrest, warn that operations against “terrorists” will continue with Russian-led forces that will help stabilize the country.

4. US economists consider March rate hike despite weak job growth The Federal Reserve is on track to raise interest rates as early as March, say economists, as strong wage growth and declining unemployment reduce analysts’ focus on monthly job creation. Figures released on Friday showed a sharp decline in the number of new posts in December.

5. Roblox to rebuild China app after going offline The $ 50 billion online gambling company with a dedicated teenage following said it was to rebuild its platform in China after taking down his Chinese app last month. Roblox said on Friday it was making “necessary investments”, including the way data is processed in its games, as part of a “number of important transient actions”.

Roblox’s game model – through which players develop their own content – presents a challenge to China’s strict content regulators, analysts say

Coronavirus consumed

  • In the tightens its Covid-19 restrictions as a recurrence of infections threatens the strong economic recovery from last year’s Delta variant outbreak.

  • Xi’an residents report several incidents of neglect in the strictest restriction since the pandemic began in Wuhan two years ago.

  • Samsung’s profit rises as Covid-19 rises again fuels the demand for semiconductors.

  • France and Italy set measures to pressure on the unvaccinated to get Covid-19 steps, such as not accepting more negative tests to gain access to restaurants.

  • The Omicron variant threatens to overwhelm the US Covid-19 test system, which causes chaos for those who want to travel, return to work or school, or visit family.

The days ahead

Russian and US officials meet US officials sit down with Russian diplomats in Geneva in the first of a series of meetings that could prove essential for European security.

Novak Djokovic court hearing An Australian court will decide whether to proceed with the deportation of the tennis champion about its Covid vaccination release before the Australian Open starts next week. Here’s what he plans to argue. (FT, BBC)

What else are we reading

Is there an end in sight to the disruption of the supply chain? The CEO of DSV, one of the world’s largest logistics groups, which is currently squeezed between frustrated shipping companies and angry customers, describes the situation as “The worst I’ve ever seen” after more than three decades in the industry. Delays are likely to continue into 2022, insiders say.

Japan’s New Year’s resolutions will surely fail In the world’s third largest economy a powerful spasm of decision making and major commitments until self-improvement has already taken place. Japan looks a lot like someone who recently joined a gym. It is worth considering the trail of binge, inactivity, regret and panic that has driven the country to the membership counter.

How a super reader gets through 52 books a year How do they do it? Where do these greedy readers get the time? What do they give up? The expert advice is to get up early, treat bad literature relentlessly, and fleeting, fleeting, fleeting.

Apple at $ 3 billion: the mystery of Tim Cook Two years after the death of Steve Jobs, Oracle CEO Larry Ellison claimed it was inevitable that Apple would struggle under Tim Cook. You just have to look, he said, at what happened to the company in the period after Jobs was kicked off in 1985. Few predictions have ever been so wrong.

Six FT writers on the best party they attended From a 16th birthday party hosted by a hip-hop star to a fancy dress-rave in Mumbai, these writers reflect on their most memorable nights.

  • Related reading: It may not feel like it right now, but we’ll be dancing again. We meanwhile asked eight photographers to share them stories from the dance floor.

Imani Moise, American bank correspondent: 'Snooki and the rest of the Jersey Shore group were hanging out on a balcony overlooking the dance floor'

Imani Moise, American bank correspondent: ‘Snooki and the rest of the Jersey Shore group were hanging out on a balcony overlooking the dance floor’ © Cristina Spano

Thanks to those who took part in our poll on Friday. A majority of respondents, 67 percent, said they were not interested in joining the metaverse.

Home

Something really fun is wiping away Christmas. However, winter is not going anywhere, and weeks of cold, dark days lie ahead. Do not let it oppress you. Luke Edward Hall details how to bring winter joy into your home.

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