Record jump in virus cases signals impending crisis in Nepal
AdJetzt entdecken! Wie man mit Investition von 250€South China Morning PostHang Seng Bank’s chief executive to take three-month leave of absence as she recovers from medical conditionHang Seng Bank’s vice-chairman and chief executive officer Louisa Cheang Wai-wan will take a three-month leave of absence as she recovers from a medical condition first disclosed last year, according to a statement by the lender. Margaret Kwan Wing Han, executive director and the head of Hang Seng’s wealth and personal banking business, will serve as acting CEO during her absence, the bank said in a stock exchange filing. Shares of Hang Seng Bank declined by as much as 1 per cent amid an advancing market in Hong Kong. The bank, which is 62.14 per cent owned by HSBC, the biggest of Hong Kong’s currency-issuing lenders, announced Cheang was undergoing treatment for a “recently diagnosed medical condition” last July, without elaborating.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Hang Seng did not disclose further details of her condition at the time, but said Cheang was able to continue her duties. The bank said at the time that her condition would not affect its strategic or development plans. People familiar with the situation previously said that her illness was not Covid-19 and she was not expected to take a lengthy sick leave. Cheang, a former HSBC executive, has served as Hang Seng’s vice-chairman and CEO since July 2017. She took the top job after the retirement of Rose Lee Wai-mun. Before joining Hang Seng she was group general manager and group head of retail banking at HSBC from 2014. She first joined HSBC in 1999 in its credit card department. Cheang’s leave of absence comes just weeks before independent director Irene Lee Yun Lien is expected to become the bank’s first woman to serve as chairman, replacing Raymond Ch’ien Kuo Fung, who is retiring after 13 years to devote time to his other commitments and interests. Lee’s appointment is expected to happen at the bank’s annual meeting on May 26. It also comes just months after Hang Seng reported a 33 per cent drop in profit to HK$16.7 billion in 2020, as the coronavirus pandemic weighed on investments and spending activity in Hong Kong, cutting into transaction volumes by its commercial and retail customers. The city’s economy rebounded sharply in the first quarter, growing by 7.8 per cent after reporting its worst contraction on record in 2020. Hong Kong’s lenders are also dealing with a period of historically low interest rates, which has weighed on revenue from traditional lending products tied to interest rates. Kwan, the acting CEO, has been with Hang Seng since 1995, joining from Standard Chartered Bank. She previously served as head of consumer assets, head of unsecured loans and senior marketing, as well as a stint as business development manager for unsecured lending.This article Hang Seng Bank’s chief executive to take three-month leave of absence as she recovers from medical condition first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
15 hours agoChina watches for changes to US’ Taiwan policy after Kurt Campbell’s commentsChina will be watching closely for any changes to America’s policy on Taiwan after the White House’s top Asia official rejected calls for the US to issue a clear statement of willingness to defend Taiwan in the event of the island coming under attack from Beijing, observers said. The People’s Liberation Army had paid close attention to remarks made on Tuesday by Kurt Campbell, Indo-Pacific coordinator on the Biden administration’s National Security Council, a person close to the Chinese military said. “The PLA realises the importance of building communication channels with their American counterparts but the political tensions between the two countries have hindered that,” the source said.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. “The lack of transparency has also made the PLA doubt whether Washington will adjust its ‘strategic ambiguity’ over the Taiwan issue.” In a discussion event hosted by The Financial Times , Campbell said there would be “significant downsides” if the US changed its long-standing policy of “strategic ambiguity” on whether Washington would intervene in the event of an attack on Taiwan. He said he believed there was an appreciation in the US and China that maintenance of some degree of status quo over the island was in the best interests of both countries. The real short- and medium-term risks were from “accidents and inadvertence”, given the proximity of US and Chinese forces, he said. His remarks came amid high tensions between the two countries in the region. In a statement last month, US President Joe Biden and Japanese Prime Minister Yoshihide Suga spoke of the “importance of peace and stability in the Taiwan Strait”. Similar language was used in a G7 statement released on Wednesday. However, Shi Yinhong, a professor of international relations at Renmin University, said there were indications the two countries were trying to keep a lid on the situation. “There are signs Beijing and Washington are trying to alleviate military tensions, even though Campbell warned that the crisis-control mechanism was ineffective.” Shi, who is also an adviser to Beijing on US policy, said that since the commission of three Chinese warships on April 23, both sides had scaled down their military activity in the East and South China seas. Biden team likely to proceed with Trump’s China investment ban “The war of words between China and the US has continued, but the PLA hasn’t sent any warships across the median line of the Taiwan Strait or deployed aircraft to conduct island encirclements,” he said, adding that the US had also suspended its “provocative moves” in the region over the past two weeks. “The military activities of both sides could be seen as a reflection of the political dynamics between China and the US, implying both sides are trying to alleviate their political tensions.” Campbell said on Tuesday it was important to build confidence between Washington and Beijing and ensure communications in moments of crisis. But while there were checks and safeguards in place – similar to those used during the Cold War – China had been reluctant to use them, he said. “So we do have a hotline, it’s known to have, the couple of times we’ve used it, just rung in an empty room for hours upon hours,” he said, without elaborating. Macau-based military observer Antony Wong Tong said Campbell’s comments about a breakdown in communications were cause for concern. “The refusal to answer the hotline could cause serious consequences amid tensions between the two countries,” he said. “The Cuban Missile Crisis [which pushed the US and the Soviet Union to the brink of a nuclear conflict in 1962] was resolved because the leaders of the US and former Soviet Union maintained communication via their hotline.”More from South China Morning Post:US efforts to rally allies may not sway China, says Joe Biden’s top Asia officialJoe Biden’s team likely to proceed with Donald Trump’s China investment banChina hits out as G7 slams Beijing over human rights, backs TaiwanUS-China relations won’t improve until Beijing ends trade row with Australia, Biden aide saysTaiwan issue, risk of conflict loom large for Beijing’s political eliteThis article China watches for changes to US’ Taiwan policy after Kurt Campbell’s comments first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.Read more: Yahoo Singapore »
North Korea puts hazmat suits on parade for national day, but no missiles
SEOUL — North Korea celebrated the 73rd anniversary of its foundation with a night-time military parade in the capital, state media reported on Thursday (Sept 9), publishing photographs of marching rows of personnel in orange hazmat suits but no ballistic missiles.
Doctors in Nepal warn of major crisis as COVID-19 cases surgeKATHMANDU: Across the border from a devastating surge in India , doctors in Nepal warned Friday (May 7) of a major crisis as daily COVID-19 cases ... LilMsMalditaMD It’s kinda expected with countries landlocked with India.
US allows diplomats, embassy families to leave Nepal as COVID-19 cases riseThe State Department also advised private Americans to reconsider any plans they may have to visit the Himalayan country and asked those already ...
Bring back your empty oxygen tanks to help conquer Covid-19, Nepal urges Everest climbers
India sees record Covid-19 deaths, new cases in 24 hours India saw record new jumps in Covid-19 cases and deaths on Thursday, dashing tentative hopes that a catastrophic recent surge that has stretched hospitals to the limit might be easing. For how long will humanity continue to live in this darkness and oppression? Qasim has been shown the way out and towards the righteous path, the path walked by Prophet Muhammad SAW. Learn more about this on Wow... best wishes to india
Covid-19 spreading in rural India; record daily rises in infections, deaths
India's daily COVID-19 deaths near record, calls for nationwide lockdown mountMUMBAI: India 's COVID-19 deaths rose by more than 4,000 for a second consecutive day on Sunday (May 9) as calls for a nationwide lockdown to curb ...