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Hong Kong Restaurants Face Closures Amid Falling Rents and Shifting Locations
In Entwicklung
Business·8.7.2026KI-Zusammenfassung

Hong Kong Restaurants Face Closures Amid Falling Rents and Shifting Locations

Hong Kong's food and beverage sector is experiencing numerous restaurant closures, including fast-food chain Maxim's MX and high-end eatery Howard's Gourmet. Rents for commercial street shops have dropped significantly, prompting relocations to prime areas, while upper-floor units also saw substantial rent declines with no immediate recovery signs.

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SCMP Economy
1 Min. Lesezeit
US Federal Reserve Holds Interest Rates Steady for Fourth Time
In Entwicklung
Business·17.6.2026KI-Zusammenfassung

US Federal Reserve Holds Interest Rates Steady for Fourth Time

The US Federal Reserve kept interest rates unchanged for the fourth time this year, maintaining the range at 3.5% to 3.75%. New Chair Kevin Warsh presides over the decision amid elevated inflation and Middle East conflict uncertainty. Projections show a shift, with nine members now anticipating a rate hike this year, contrasting with earlier expectations of cuts.

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Guardian Business
3 Min. Lesezeit
Trump to swear in new Fed chair Kevin Warsh, raising independence concerns
In Entwicklung
Politik·21.5.2026KI-Zusammenfassung

Trump to swear in new Fed chair Kevin Warsh, raising independence concerns

President Trump's decision to swear in new Fed chair Kevin Warsh at the White House has raised concerns about the central bank's political independence. Critics, including Senator Elizabeth Warren, question Warsh's ability to remain impartial, citing his refusal to directly answer questions about the 2020 election during his confirmation hearing.

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Deutsche Welle
4 Min. Lesezeit
Investors have worries about Trump’s pick for Fed chair. Should they?
NACHRICHT
9.5.2026

Investors have worries about Trump’s pick for Fed chair. Should they?

In an extraordinary break from the diplomatic restraint typical of central banks, a dozen leaders of the world’s foremost monetary institutions issued a joint statement in January declaring their “full solidarity” with the US Federal Reserve and its embattled chair, Jerome Powell. “The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,” they wrote. The move was intended to shore up the separation of monetary...

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SCMP Economy
Hong Kong keeps interest rate at 4% after Fed holds rates, Powell to stay on board
NACHRICHT
29.4.2026KI-Zusammenfassung

Hong Kong keeps interest rate at 4% after Fed holds rates, Powell to stay on board

Hong Kong’s monetary authority held its base rate at 4% following the US Federal Reserve’s decision to keep its target rate in the 3.5-3.75% range. Fed chairman Jerome Powell said he would remain on the Fed board after his term ends on May 15 due to President Donald Trump’s legal battle against him. Analysts said the inflationary impact of the US-Israel war with Iran had reduced chances of a rate cut this year.

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SCMP Economy
1 Min. Lesezeit