The company had invested heavily to expand business and explore more materials in the nickel sector as the resource is gaining traction amid a global new energy boom
COVID infections have surged 20 times on a daily basis since the start of February and Carrie Lam has said authorities can no longer keep up with testing and isolation mandates
Chinese ride-hailing giant Didi Global plans to reduce its overall headcount by as much as 20 per cent
Speaking at a weekly press briefing, Lam said she could not 'preclude' the possibility of postponing the city's chief executive election, due to be held in March
Daily infections have multiplied 13 times over the past two weeks, from about 100 cases at the start of February to over 1,300 on Feb 13, with authorities scrambling to control the deepening outbreak
The city said it would extend flight bans on eight countries including the US, UK, India and Australia to March 4
A joint statement issued on Tuesday was signed by the government of more than 21 countries
Public gatherings will be restricted to two people and gatherings in private premises of more than two families will be banned starting Thursday, as new daily cases surge above 600
For now, Carrie Lam said, the best option was to adhere to the 'dynamic zero' strategy employed by mainland China to suppress all coronavirus outbreaks
The global financial hub has seen cases soar since January with over 2,000 infections compared with just two in December.
The city recorded 342 cases on Sunday, slightly below the previous day's record of 351 cases
Hong Kong is a major hub for business and finance and the tight restrictions on foreign travel had drawn complaints, especially from the large expatriate community
Lam has been criticised on social media and by some health experts for not wearing a mask while asking society to follow the strict rules her government has reimposed
Hong Kong will suspend face-to-face teaching in secondary schools from Monday until after the approaching Lunar New Year, authorities said
Hong Kong activist Edward Leung, who coined the now-banned slogan Liberate Hong Kong, Revolution of our Times, was released from prison after spending four years behind bars for a 2016 protest
The Airport Authority Hong Kong has said that Hong Kong will ban the transit of flight passengers from more than 100 countries and regions from Sunday until February 15.
The move comes as the city has seen around 50 cases of the fast-spreading Omicron variant.
Incoming flights from Australia, Canada, France, India, Pakistan, Philippines, Britain and the United States, including interchanges, would be banned from Jan 8-21
The global finance hub has stuck to a zero-Covid strategy by largely isolating itself from the world and enforcing a draconian and costly quarantine regime
The company is struggling to repay more than $300 billion in liabilities