The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

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Contributed by NAMPA / AFP.

US rate hikes strain Hong Kong's virus-weakened economy
By Holmes Chan and Jerome Taylor
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ATTENTION - Pictures by Isaac Lawrence ///
Hong Kong, May 15, 2022 (AFP) - Recent rate hikes from the Federal Reserve have come at a bad time for Hong Kong which, thanks to its US dollar peg, must follow suit despite its own flagging economy.
Hong Kong has pegged its currency to the US dollar since 1983, which has helped the city weather economic storms such as the 1997 ...

 

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