New York

Why New Yorkers could pay for acceding to Alibaba's 'Open sesame'

While Hong Kong regulators stuck to their principles on "one share, one vote", New York is happy to oblige Alibaba. Photo: Reuters

To understand why New York capturing the title of world's greatest financial centre is no cause for celebration, look no further than the Alibaba IPO.

Thursday, 20 March, 2014, 1:28am

Paper cuts sharpest, says Alibaba's Jack Ma

Alibaba's chairman Jack Ma's push into internet finance has raised regulatory concern over risks from the new business. Photo: Xinhua

How do you defeat the country's No 1 e-commerce firm? It may not require any innovation in technology, just a piece of paper, says Jack Ma Yun, the founder and chairman of Alibaba.

As the central government steps up its efforts to crack down on the red-hot online finance sector - led by Alibaba and its rival Tencent - Ma could not remain silent any longer.

20 Mar 2014 - 12:53am 1 comment

Apec's Beijing move no skin off Hong Kong's nose

Few businesses will flee Hong Kong for Beijing just because Apec chooses to hold a meeting in the capital.

The following conversation might or might not have taken place. However, its contents will be treated with disbelief by the serried ranks of "experts" who purport to know how business is conducted but have never had their knowledge sullied by any actual experience.

Those with some business experience might acknowledge this exchange with a knowing wry smile.

5 Mar 2014 - 1:25am 4 comments

New York mayor rivals jockey for black vote as race heats up

New York City Mayor Michael Bloomberg. Photo: AP

New Yorkers have their pick when it comes to diversity among the candidates hoping to replace their brash, billionaire Mayor Michael Bloomberg.

There is a married lesbian, an African-American and a six-foot something white guy with a bi-racial family among those slugging it out for the Democratic nomination in September 10 primary elections.

31 Aug 2013 - 7:30pm

New Yorkers' new domain: 'nyc' gets initial OK

New York could be the first city in the US to win its own internet suffix. Photo: AP

New York City likes to think of itself as a domain like no other, and now it’s close to being able to boast as much on the web.

The city has gotten a key approval for a “.nyc” suffix online, Mayor Michael Bloomberg and City Council Speaker Christine Quinn announced Tuesday. That would mean web addresses could end in “.nyc” instead of such common suffixes as “.com” or “.org.”

3 Jul 2013 - 12:27pm

New Yorkers go crazy for croissant-doughnut hybrid

The 'cronut' is such a hit that supplies are rationed. Photo: AFP

Some hungry customers began queueing outside the pastry shop around 3.30am. Others managed to hold out for a few more hours, arriving at the patisserie around three hours later.

They were all united by a desire to sample the food craze that has gripped New York since its debut a month ago. Half-doughnut, half croissant: the "cronut" has left gourmets in a frenzy.

17 Jun 2013 - 5:32am

Manhattan apartment rents rise sharply, close on record

Manhattan rents close to hitting new high

The median monthly rent climbed 6.7 per cent from a year earlier to US$3,195, according to a report last week by appraiser Miller Samuel and brokerage Douglas Elliman Real Estate. The number of new leases signed was up 10 per cent year on year at 3,697.

17 Apr 2013 - 5:31am

Talking points

Cardinals gather for papal conclave

Cardinals gather for papal conclave

12 Mar 2013 - 3:14am

Mega blizzard aims at US Northeast

This image obtained from the National Oceanic and Atmospheric Administration (NOAA) on shows a major snowstorm over the northeastern section of the United States. Photo: AFP

A major snowstorm bore down on the northeastern United States Friday, with heavy snow, blizzard conditions and freezing temperatures forecast from New York through Maine as well as densely populated inland areas.

8 Feb 2013 - 10:28pm

Hong Kong leaves New York in the shade for prime retail rents

Wealthy tourists fuelled a rise in store rents. Photo: David Wong

At US$4,335 per square foot a year in the fourth quarter last year, the average rent for a prime shop was well above second-placed New York, where rents were 46 per cent lower at US$2,970. London came in third at US$1,080 per sq ft.

8 Feb 2013 - 5:20am 7 comments

North Korean propaganda video shows New York under attack

A still from the North Korean video depicting New York in ruins after a nuclear attack. Photo: SCMP PIctures

The footage was uploaded by the North's official website, Uriminzokkiri, which distributes news and propaganda from the state media.

6 Feb 2013 - 5:29am

New York enacts 'toughest' gun law in US

Governor Andrew Cuomo and legislative leaders celebrate. Photo: AP

New York has passed what supporters called the toughest gun ownership law in the country, becoming the first US state to impose new restrictions in the wake of last month's school massacre in Connecticut.

Lawmakers in the lower house of the state Assembly on Tuesday voted 104-43 in favour of the measure, which had been approved by the upper house in a 43-18 vote late Monday.

17 Jan 2013 - 4:11am

Core of the Big Apple

The view from inside Yankee Stadium. Photos: Corbis; Alamy

The Bronx may not seem an obvious tourist draw but, finds Christopher Beanland, the New York borough has soul, green spaces - and the Yankees.

7 Jan 2013 - 3:15pm

Two US firefighters shot dead in arson ‘trap’

Homes burn on Lake Road where two firefighters were killed by a gunman in Webster, New York. Photo: Reuters

A convicted felon shot dead two firefighters and wounded two others on Monday after luring them to a blaze that police said he had apparently set as a trap in a small town in New York state.

29 Aug 2013 - 4:13am

Harlem Gospel Choir to perform in Hong Kong this week

The Harlem Gospel Choir. Photo: AP

Hong Kong is a long way from the churches of Harlem, but a popular gospel choir from the African-American neighbourhood in New York will make its first visit to Hong Kong since the troupe formed 26 years ago.

23 Dec 2012 - 4:55am