Hong Kong is on 'yellow alert' due to the global energy crisis triggered by the Middle East war, according to tycoon Michael Kadoorie. Although Hong Kong has escaped severe impact, Kadoorie warns that the crisis may still affect the city.

The conflict in the Middle East has triggered a global energy crisis that serves as a “yellow warning” for Hong Kong, which so far has escaped the severe impact seen elsewhere, tycoon Michael Kadoorie has said. “At this point, I think we’re very lucky. Now we touched on the story of fuel. It may impact us. It does already send a warning light,” the CLP Group chairman said. “So you have your traffic lights red, yellow and green. Well, we’re yellow. We’re not at red, but we have to think ahead as....