South Koreans ‘intoxicated by stocks’ swarmed market frenzy – and lost everything
SCMP •

South Koreans ‘intoxicated by stocks’ swarmed market frenzy – and lost everything

It was a ⁠vision to give South Korea a stock market that reflected its true economic ⁠dynamism, by shedding regulatory taboos and encouraging bolder bets – instead, it created an investor trauma that could take years to shake. The ⁠30 per cent decline in the Kospi benchmark since its June 19 peak has hurt President Lee Jae Myung’s government politically and turned the spotlight on an economic syst...

Nine out of 10 unsolved murders in London linked to minority ethnic victims

Nine out of 10 unsolved murders in London linked to minority ethnic victims

The Guardian •

Exclusive: Analysis risks deepening perception of ‘unequal protection under the law’, say campaignersKillers who take the lives of black people have a greater chance of getting away with their crimes than those who target white people, new research shows.Analysis of unsolved homicides in London between 2019 and 2023 found minority ethnic British people made up 61% of victims. When researchers asse...

Nine out of 10 unsolved murders in London linked to non-white victims

Nine out of 10 unsolved murders in London linked to non-white victims

The Guardian •

Exclusive: analysis risks deepening perception of ‘unequal protection under the law’ Killers who take the lives of black people have a greater chance of getting away with their crimes than those who target white people, new research shows.Analysis of unsolved homicides in London between 2019 and 2023 found non-white British people made up 61% of victims. When researchers assessed unsolved murders,...

‘Friday afternoon fraud’: warning for UK homebuyers on bank scams

‘Friday afternoon fraud’: warning for UK homebuyers on bank scams

The Guardian •

Victims have lost tens of thousands – and in one case £300,000 – due to fake emails from solicitor or estate agentYou are poised to move house and are awaiting the solicitor’s instructions that things are ready to go and it is time to hand over your deposit. When the email arrives giving you their bank details, you set up the transfer and move the cash. And then the solicitor calls to ask where th...

Onshore windfarm applications hit 10-year high in England

Onshore windfarm applications hit 10-year high in England

The Guardian •

Surge in proposals follows Labour’s lifting of de facto ban, with about 45 plans submitted in the year to MarchPlans for new onshore windfarms in England have reached their highest annual level in a decade, after the government overturned the Conservatives’ de facto ban in 2015.About 45 applications for new onshore windfarms were submitted in the year to March,according to a Guardian analysis of g...

Washington pushes ‘America First’ agenda in Apec talks ahead of Chinese leader’s visit

Washington pushes ‘America First’ agenda in Apec talks ahead of Chinese leader’s visit

SCMP •

The United States has pledged to take an “America First” approach to the latest round of Asia-Pacific Economic Cooperation talks, which are taking place in China weeks before President Xi Jinping’s visit to America. The US State Department said: “US leadership in Apec is a key dimension to pursuing America First policies that foster prosperity and advance economic growth in the United States and a...

After gaining EV dominance, Chinese carmakers shift goal to take on full-hybrid behemoths

After gaining EV dominance, Chinese carmakers shift goal to take on full-hybrid behemoths

SCMP •

Chinese carmakers, already at the vanguard of electric vehicle (EV) technology and production, are looking to make a dent in international marques’ full-hybrid vehicle stronghold as they continue to disrupt the global car industry’s pecking order. Major car builders including Geely Auto and Changan Automobile have reported impressive sales of hybrid electric vehicles (HEVs), luring domestic consum...

Why Cambodia is reviving US military drills despite close China ties

Why Cambodia is reviving US military drills despite close China ties

SCMP •

Cambodia is preparing to restart joint military exercises with the United States next year, in a move analysts described as a pragmatic reset of defence ties strained since 2017 – though not a pivot away from China. Senior officials from both countries discussed restarting the Angkor Sentinel drills last weekend, alongside expanded training and military reforms, Cambodian media reported. Washingto...

Virginia Beach turned 640,000 tons of garbage into a 60-foot hill, now a 165-acre park

Virginia Beach turned 640,000 tons of garbage into a 60-foot hill, now a 165-acre park

Times of India •

Mount Trashmore Park in Virginia Beach serves as a unique example of transformation, evolving from a large landfill into a vibrant 165-acre recreational area. Opening its gates in 1973, this park now boasts serene lakes, extensive trails, and playgrounds, showcasing innovative landfill reclamation practices. Its picturesque setting attracts visitors who appreciate the blend of nature and community...

Untapped market: Hong Kong’s craft breweries push for permits to serve guests

Untapped market: Hong Kong’s craft breweries push for permits to serve guests

SCMP •

When a 100-member tour group from South Korea approached a Hong Kong craft beer manufacturer about a visit and tasting session, the operator declined their request. The refusal was not due to a lack of confidence in the product or a staff shortage. The brewery simply lacked a licence to serve beer on the premises. “It is not easy doing manufacturing in Hong Kong,” said Luke Yardley, founder of loc...

Licence to savour: Hong Kong craft brewers push for on-site beer permits

Licence to savour: Hong Kong craft brewers push for on-site beer permits

SCMP •

When a 100-strong South Korean tour group approached a Hong Kong craft beer manufacturer for a tour and tasting session, the operator declined their request. The refusal was not down to a lack of confidence in the product or a staff shortage. It was regulatory: the brewery simply lacked a licence to serve its beer on the premises. “It is not easy doing manufacturing in Hong Kong,” said Luke Yardle...

Patient arrested after bedding, restraint belts set ablaze at Hong Kong hospital

Patient arrested after bedding, restraint belts set ablaze at Hong Kong hospital

SCMP •

A patient has been arrested on suspicion of setting fire to bedding and restraint belts at a Hong Kong hospital, with no injuries reported. Police arrested the 25-year-old man surnamed Wong at Kwong Wah Hospital in Yau Ma Tei for alleged arson. He remained in custody pending further investigation. The fire was reported at 12.36am on Sunday after a security guard alerted police. The suspect alleged...

Alibaba to issue US$10 billion in new shares for huge AI push amid strong investor demand

Alibaba to issue US$10 billion in new shares for huge AI push amid strong investor demand

SCMP •

Alibaba Group Holding will issue HK$80 billion (US$10.2 billion) worth of new shares and use all of the proceeds to invest in AI, the Chinese tech giant said on Sunday. The move aims to “extend the company’s global AI leadership”, it said, adding that Alibaba would use the funds raised to “invest in its full-stack AI capabilities”, including expanding and enhancing its AI infrastructure. The decis...

Hong Kong may issue typhoon signal on Tuesday or Wednesday as Narra approaches

Hong Kong may issue typhoon signal on Tuesday or Wednesday as Narra approaches

SCMP •

The Hong Kong Observatory may issue a typhoon signal on Tuesday or Wednesday as a tropical storm edges closer to the region. “Tropical Cyclone Narra is expected to linger over the vicinity of Beibu Wan today and tomorrow, and then turn northeastwards gradually later on Monday to Tuesday, edging closer to the vicinity of Leizhou Peninsula,” the forecaster said on Sunday. Leizhou Peninsula sits at t...

Burnham expected to give mayors new powers over local planning decisions

Burnham expected to give mayors new powers over local planning decisions

The Guardian •

Move would allow mayors to greenlight large-scale developments and have more say on national housing fundingAndy Burnham is expected to give mayors new powers to take control of local planning decisions and greenlight large-scale developments in proposals to be presented next week.The move would allow mayors to “call in” the decisions and direct councils to take them forward or refuse them. Contin...