New World to hand over 11 Skies project in April
The Airport Authority (AA) said on Wednesday that it reached an agreement with New World Development to terminate the sublease of the 11 Skies development project early. The property developer will hand over the mega complex located near the Hong Kong International Airport and the Hong Kong-Zhuhai-Macao Bridge on April 1 next year along with the assets in connection with the development at no cost, and provide cash and cash equivalents of more than HK$3 billion to the authority. The authority said the 11 Skies project will complement Skytopia – a HK$100 billion mega project that aims to transform the area around the airport into a world-class destination for tourism as well as business activities, linking the city and the Greater Bay Area. Its chairman, Fred Lam said the 11 Skies project is more than a usual shopping complex. “The scale of the project is well-suited for large scale entertainment facilities and experience-driven offerings that would not be possible in other indoor venues in Hong Kong. It will be a unique entertainment hub that forms an integral part of Skytopia, whose attraction is not only about stunning hardware,” he said. “We believe it is the software – the contents, culture and holistic offering of an...
Read full articleMore News
Can Bergdorf Goodman Return to Its Golden Age?
Bergdorf Goodman, which has survived two bankruptcies in six years, is getting back to its white-glove origins.
OpenAI says teen ChatGPT use limited but research finds it an 'unacceptable risk'
The research found that important guardrails for teens using ChatGPT often failed.
Fed Minutes Show Officials Saw More Work to Do to Quell Inflation
Policymakers grew increasingly concerned about inflation risks at their most recent meeting in September.
China’s ‘Self-Reliance’ Drive Is Upending Trade With Europe
China’s push to manufacture more at home has widened its trade imbalance with Europe, intensifying pressure on European industries and policymakers to take action.
Whistle-Blower Says I.R.S. Leaked His Tax Records in Retaliation
Brian J. Visalli, a veteran investigator of tax fraud, said in a lawsuit that the agency had sent his personal and tax information to federal prosecutors.
6 Broken Bathrooms Force Flight to Make an Urgent Landing
An American Airlines flight was diverted to New York on Tuesday because of an “inadequate number of operational lavatories” — two, on a plane that normally has eight.
Porsche, Facing Falling Profits, Plans to Cut 25% of Its Work Force
The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.
How Trump’s Tariff War With Canada Ensnared the Can-Am Spyder
The Can-Am Spyder has a devoted fan base across the United States. Now it’s a casualty in the trade war with Canada.
Boots sold in £7bn deal to Canadian billionaire family
The sale of the High Street chain was announced on Wednesday.
No child should have to learn in a cold classroom - children's commissioner
The EA suggests cost-saving measures as it warns school gas and electricity bills are set to rise.
Teeing Off in the Birthplace of Golf, in St. Andrews, Scotland
In St. Andrews, Scotland, history and golf intertwine, on and off the famous courses.
Trump Administration Delays Threaten Funding for HIV Research
The networks also develop treatments and preventions for other infectious diseases and were instrumental in testing the Covid vaccine.