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Twelve people were killed and several more injured in Russian air attacks on Kyiv and the surrounding region on Tuesday, authorities said, in the sixth consecutive day of strikes on the Ukrainian capital. Attacks both in Ukraine and Russia continue as efforts are ongoing to find a solution to end the deadliest conflict on the European continent since World War II, which started with Moscow’s full...
Nine people were killed and over a dozen injured in Russian air attacks on Kyiv and the surrounding region on Tuesday, authorities said, in the sixth consecutive day of strikes on the Ukrainian capital. Attacks both in Ukraine and Russia continue as efforts are ongoing to find a solution to end the deadliest conflict on the European continent since World War II, which started with Moscow’s full-s...
Private investors in Asia, including family offices operating in Hong Kong, are showing a growing appetite for advanced medical technologies such as brain-computer interfaces and surgical robotics, as healthcare deal activity picks up across the region amid China’s biotechnology boom. “Asia is ageing, so there’s a structural, long-term demand for better surgery and medicine,” said William Chow, de...
Hong Kong’s tax chief has apologised after the ombudsman found that unclear wording in the eTAX system led to more than 33,000 people leaving their returns incomplete, triggering penalty notices for almost 5,200 taxpayers and the prosecution of two. “Some taxpayers were unable to complete the submission of their tax returns; we apologise for the inconvenience caused to them,” Commissioner of Inlan...
Hong Kong’s tax chief has apologised after the ombudsman found that unclear wording in the eTAX system led more than 33,000 people to leave their returns incomplete, triggering penalty notices for nearly 5,200 taxpayers and prosecutions of two. “Some taxpayers were unable to complete the submission of their tax returns; we apologise for the inconvenience caused to them,” Commissioner of Inland Rev...
More than 33,000 people failed to submit completed tax returns because of unclear wording in Hong Kong’s eTAX system, the ombudsman has found, with nearly 5,200 receiving penalty notices and two prosecuted. Dr Luk Che-chung, a former chief executive of the Hospital Authority’s Hong Kong East area, was among the affected taxpayers and urged the government on Tuesday to learn from the incident. In a...
A couple who survived the deadly Tai Po blaze last year have been barred from leaving Hong Kong pending trial for allegedly obtaining more than HK$330,000 (US$42,000) in government-guaranteed loans by overstating the decline in revenue of their decoration business. Former Wang Fuk Court residents Jason Kong Cheung-fat, 65, and Rosanna Cheung Yeuk-lan, 62, appeared in Sha Tin Court on Tuesday to fa...
South Korea on Tuesday unveiled its most aggressive financial spending plan on record, setting total government expenditure for 2027 at 821 trillion won (US$600 billion) to strengthen the country’s technological edge amid the global AI race. In its annual budget proposal, the budget ministry said the spending plan represented a 12.8 per cent rise from 2026, marking the largest year-on-year increa...
Modern simplified Chinese characters form a tightly connected network from just 514 basic components that evolved through a process similar to natural selection, according to researchers who say their findings could change how Chinese writing is taught. “Chinese characters evolve like living organisms,” lecturer Xie Yonghui of Shanghai Normal University said on August 24. The research into the evo...
Australian home prices fell for a fifth month in August in the biggest downturn since the pandemic, and there is further pain ahead as stubborn inflation puts upward pressure on interest rates. Figures from property consultant Cotality released on Tuesday showed national home prices fell 0.9 per cent in August from July, when they dropped 1.2 per cent. Sydney and Melbourne again led the monthly d...
Chinese President Xi Jinping ended August in Bishkek, the capital of Kyrgyzstan, kick-starting a potential run of overseas trips after what has so far been a quiet year for foreign travel. Xi met Kyrgyz President Sadyr Japarov ahead of a Shanghai Cooperation Organisation summit. He may hold talks with other SCO attendees including Russia’s Vladimir Putin and Iran’s Masoud Pezeshkian. After the sum...
South Korea’s chief presidential policy adviser has resigned, the presidential Blue House said on Tuesday, after President Lee Jae Myung reshuffled his cabinet and senior aides amid a drop in his approval rating. Kim Yong-beom was a key adviser to Lee on economic policy, including on housing and stock market issues. Kim had offered to step down from the post on Monday, which oversees the adminis...
After more than 250 days at sea fighting the war on Iran – and amid reports of dire conditions on board – the USS Abraham Lincoln is finally set to dock near Pattaya this week, giving more than 5,000 American sailors and Marines shore leave as the Thai resort city hopes they will spend big during their last pit stop before home. The eastern Thai beach resort, known for its colourful nightlife, has...
China’s leading brokerages are accelerating their push overseas, pouring billions of yuan into their international arms as cross-border deals expand and profits from overseas operations grow, according to their latest interim reports. Citic Securities, one of China’s largest brokerages, saw revenue generated outside mainland China rise 45.5 per cent, year on year, to 15.86 billion yuan (US$2.4 bil...
Hong Kong’s mega-event economy is thriving. In a blog post last month, Financial Secretary Paul Chan Mo-po noted that in the first half of 2026, the city hosted more than 130 mega-events, drawing 1.75 million visitors and injecting roughly HK$5.8 billion (US$739.9 million) into the local economy. These figures are the ongoing dividends of the government’s sustained policy and financial backing. Th...
An almost year-long legal dispute involving a prestigious Hong Kong international school and its US-based co-founder, a Lutheran church, has been resolved out of court, with the school making a substantial payment and ending its association with the religious body. Harold Kim, chairman of the board of managers of Hong Kong International School (HKIS), announced the move in a letter to parents on T...
A prestigious Hong Kong international school embroiled in an almost year-long legal dispute with its US-based co-founder, a Lutheran church, has been resolved out of court with the school making a substantial payment and ending its association with the religious body. Harold Kim, chairman of the board of managers of Hong Kong International School (HKIS), announced the move in a letter to parents o...
Rajendra Dawadi was inside his classroom when a colleague rushed in with a warning: floodwaters were racing through Nepal’s Trishuli Valley, tearing apart homes, bridges and entire villages. Then a teacher received another warning by phone. Moments later, a parent arrived to take her child home. The danger had not yet been confirmed, but Dawadi, the principal, had little time to act. He rang the s...
A prominent American university has agreed to pay a US$2.1 million settlement to resolve allegations that it failed to disclose employees’ ties to China when applying for federal grant funding, the Department of Justice announced on Monday. Ohio State University’s (OSU) settlement relates to Nasa and National Science Foundation (NSF) grants that provided funding to the university from November 201...
A false espionage alarm about a Taipei subway user has fuelled concerns that growing fears of Beijing are breeding unhealthy suspicion on the island and eroding public trust. The controversy erupted after a social media user posted a photograph of a man holding a laptop on a Taipei Main Station metro platform on Saturday. Seeing the words “2nd Theatre Photosynthesis System” appeared in simplified ...
Two schools in northwestern China have ignited controversy by enforcing a strict hairstyle policy on students, who may be stopped at the school gate or even turned away if they fail to comply with the requirements. August 23 marked the first day of the new school term at Yinchuan High School and Yinchuan No 24 Middle School in Yinchuan, the capital city of the Ningxia Hui autonomous region. Viral ...
Japanese Finance Minister Satsuki Katayama said on Monday she met US Treasury Secretary Scott Bessent and agreed that orderly yen movement is critical for global market stability. The two countries also confirmed that continued, cooperative measures would contribute to this common goal, Katayama told reporters after attending the Group of 20 finance leaders’ gathering. She declined to comme...
US Treasury Secretary Scott Bessent says he believes Japan’s government and central bank will take action that leads to a stronger yen, signalling a strong chance of a Bank of Japan (BOJ) interest rate hike in September. The remarks to CNBC on Monday followed those by Bessent a day earlier, when said he expected BOJ Governor Kazuo Ueda to “do the right thing” on monetary policy to combat yen decl...
Shein Global Holdings plunged as much as 10 per cent in its Hong Kong trading debut on Tuesday after raising HK$13.6 billion (US$1.7 billion), further shaking market confidence in the company’s valuation. The shares opened flat at the offer price of HK$48.56 before falling as much as 10 per cent to HK$43.72. They later pared most losses, trading at HK$48.50 by market close – a 0.1 per cent drop. S...
Shein Global Holdings plunged as much as 10 per cent in its Hong Kong trading debut on Tuesday after raising HK$13.6 billion (US$1.7 billion), further shaking market confidence in the company’s valuation. The shares opened flat at the offer price of HK$48.56 before falling as much as 10 per cent to HK$43.72. They later pared some losses to trade at HK$45.64 as of 9.45am local time. On Monday eveni...
Shein Global Holdings shares plunged in the grey market day ahead of its Hong Kong debut, further shaking market confidence in the company’s valuation. On Monday evening its shares closed 13.1 per cent lower at HK$42.2 after dropping as much as 28 per cent, according to Futu Holdings data. With a board lot size of 100 shares, each lot yielded a loss of HK$636, excluding transaction fees. Shein rai...
Yokohama’s mayor has become the latest local official in Japan to be forced from office by scandal, as analysts say voters are no longer willing to look the other way. Takeharu Yamanaka reportedly called his staff “human trash” and told a senior official to “commit seppuku” (ritual suicide) if the city failed to win a bid for an international conference. He stepped down on Friday after a prolonged...
Some elite schools in Hong Kong have been criticised for failing to provide sufficient learning opportunities or challenging tasks to stretch top performers, with reviewers urging teachers to design questions and tasks with greater depth. The remarks appeared in the Education Bureau’s External School Review reports, which assessed 68 secondary and primary institutions. Some institutions were told ...
A woman randomly stabbed two people in New York City’s Times Square on Monday, killing one woman, and then was fatally shot by police, according to officials. The shooting happened just before 4.30pm next to a New York Police Department substation, just outside One Times Square, the building that hosts the city’s annual New Year’s Eve ball drop celebration. It is one of the most heavily touristed ...
A woman randomly stabbed two people in New York City’s Times Square on Monday, killing one woman, and then was fatally shot by police, according to the New York Police Department. The shooting happened next to a New York Police Department substation, just outside One Times Square, the building that hosts the city’s annual New Year’s Eve ball drop celebration. It is one of the most heavily touriste...
