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Fallen victim – Hong Kong’s iconic floating restaurant towed

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2 years ago

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Yet another icon has fallen victim to the Covid pandemic, with Hong Kong’s famed floating restaurant decommissioned today

The landmark ship has served the region since its establishment in 1976, and has played host to a number of high-profile diners including Queen Elizabeth and Tom Cruise.

It was towed from Hong Kong’s harbourfront on Tuesday, after months of being out of operation due to Covid-19.

The parent company of ‘Jumbo Floating Restaurant’ was unable to find a new owner and no longer had the funds to maintain it.

Designed to resemble a Chinese imperial palace, the floating diner sat on Aberdeen Harbour and was known for its Cantonese cuisine and seafood dishes.

Over 30 million people flooded through its doors since it opened back in the 70s.

Parent company Aberdeen Restaurant Enterprises says it has unfortunately become a financial burden to shareholders, with huge sums of money spent on inspection and maintenance of the vessel every year.

As tugboats tow the restaurant away, it’s not yet clear where it will go next.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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U.S. Federal Reserve announce rate cut, show great confidence in economy

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2 days ago

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September 19, 2024

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The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

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Markets brace for potential 50-point fed rate cut

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4 days ago

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September 17, 2024

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Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

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Bitcoin’s Q4 outlook: key factors and upcoming milestones

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5 days ago

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September 16, 2024

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Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner

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