Hong Kong to cut thousands of civil service jobs
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, geopolitical tensions and a weak property market.
Hong Kong is to cut thousands of civil service jobs and invest in AI to tackle a rising deficit
Hong Kong’s deficit had reached $87.2 billion Hong Kong dollars ($11.2 billion) for the financial year of 2024-2025, making it the third straight year of losses. “It gives us a clear pathway towards the goal of restoring fiscal balance,
The United States has sanctioned six companies based in China and Hong Kong for their involvement in the network supplying drones to the Islamic Republic.
Hongkongers are increasingly opting for unconventional destinations such as North Korea and Iraq, as well as lesser-known ...
Jones Day has hired two lawyers for its financial markets practice in Hong Kong. Ming Kong joins the firm as partner from ...
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