Bloomberg Hong Kong’s jobless rate likely rose to its highest level in nine years in February as the novel coronavirus outbreak and plunges in asset prices weighed on the city’s economy, according to Financial Secretary Paul Chan. Hotels, retailers, restaurants and construction are among the industries that were hit hardest as companies shorten hours and shutter operations, Chan wrote in ...

Bloomberg China suffered an even deeper slump than analysts feared at the start of the year as the coronavirus shuttered factories, shops and restaurants across the nation, underscoring the fallout now facing the global economy as the virus spreads around the world. Industrial output plunged 13.5% in January and February from a year earlier, retail sales fell 20.5%, and fixed-asset ...

Bloomberg Alibaba Group Holding Ltd co-founder Jack Ma has joined Twitter. In his first tweet, Ma posted photos of a China Eastern Airlines plane with boxes of coronavirus test kits and face masks slated to be shipped and donated to the US from Shanghai. “All the best to our friends in America,” he wrote, which garnered more than 3,500 retweets ...