Money

UK expands visa route to young Hong Kongers

Published

3 years ago

August 4, 2022

Britain announces an expanded visa route that will allow teenage Hong Kongers born after the 1997 Handover to live, work and stay in the UK

Hong Kong teenagers born after 1997, with one parent who holds a British National (Overseas) Passport will be able to apply to live, work and stay in he UK.

The announcement was made by Home Secretary Priti Patel – who says the visa changes will come into effect in Autumn.

“The further changes I have announced, which will come into effect this autumn, will continue to deliver on our historic and moral commitment to the people of Hong Kong.”
PRITI PATEL, UK HOME SECRETARY

It’s an expansion to the already-existing arrangement that was announced in 2021 following the implementation of the Beijing-inspired National Security Law in the former British colony.

The UK las labelled the law as a clampdown on dissent and democracy in Hong Kong, and accused China of breaking the Sino-British joint agreement that guaranteed Hong Kong could keep its autonomy, freedoms and capitalist way of life for fifty years following its 1997 handover to China.

China in return said that it would no longer recognise BN(O) passports.

THE BRITISH NATIONAL (OVERSEAS) PASSPORT

Almost three million Hong Kongers were eligible for the new UK visa route from January 2021.

So far, fewer than 150,000 people have applied.

The latest announcement will allow almost 12,000 more Hong Kongers to be eligible for the scheme if they so choose.

HONG KONG WAS A BRITISH COLONY UNTIL IT WAS HANDED BACK TO CHINA IN 1997

The British National (Overseas) passport – or BN(O) was issued to Hong Kongers when Hong Kong was still a British colony.

It allows holders of the passport to visit the the UK for an extended period, but does not offer them citizenship rights.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

2 weeks ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

2 weeks ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

2 weeks ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar