Hong Kong's government broke the law when it invalidated thousands of certificates exempting people from coronavirus vaccinations, a court ruled Friday, in a rare rebuke of the city's strict pandemic controls.
Hong Kong residents are waiting up to 39 hours for an ambulance as the health care system struggles to keep up with an escalating wave of Covid-19 cases, with the delay up by as much as 50 per cent in just two days.
The Philippines seems to have put the worst of a massive coronavirus outbreak behind it, with signs that the current surge fuelled by the extremely infectious Omicron variant has already crested.
Dutch brewing giant Heineken reported a steeper than expected decline in third-quarter beer sales on Wednesday after COVID-19 restrictions cut volumes in Vietnam, one of its top three markets, by more than half.
Analyst estimates for Asia’s corporate profits have fallen to more than a decade low relative to global peers, and further downgrades are on the horizon as China’s economic growth slows and global supply constraints remain.