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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...
A knife-wielding woman stabbed two people in New York’s Times Square on Monday before she was shot by police, according to authorities and US media. Local news reports said the suspect was taken to a hospital in critical condition, while the status of the two victims was not immediately clear. Police reportedly do not believe the stabbing was terror-related and are looking into the woman’s mental ...
A knife-wielding woman stabbed two people in New York’s Times Square on Monday before she was shot by police, according to authorities and US media. Local news reports said the suspect was taken to a hospital in critical condition, while the status of the two victims was not immediately clear. Police reportedly do not believe the stabbing was terror-related and are looking into the woman’s mental ...
A woman brandishing two large knives was shot by police officers in New York’s Times Square on Monday, according to video taken by bystanders. The woman’s condition after the shooting was not immediately released by authorities, who were planning a news briefing. The shooting happened next to a New York Police Department (NYPD) substation, just outside One Times Square, the building that hosts the...
US Army Secretary Dan Driscoll is stepping down after 18 months on the job, the White House said Monday, in the latest departure of a top military leader during the Trump administration. No reason was given for the departure of Driscoll, who is a friend of Vice-President J.D. Vance, but tensions with Defence Secretary Pete Hegseth have been widely reported. It marks the latest in a series of shake...
US Army Secretary Dan Driscoll is stepping down after 18 months on the job, the White House said Monday, in the latest departure of a top military leader during the Trump administration. No reason was given for the departure of Driscoll, who is a friend of Vice-President J.D. Vance, but tensions with Defence Secretary Pete Hegseth have been widely reported. It marks the latest in a series of shake...
US President Donald Trump praised China on Monday for remaining on the sidelines during the prolonged closure of the Strait of Hormuz, just weeks before Chinese President Xi Jinping is expected to visit Washington. “Even with the Strait of Hormuz, he’s relatively inactive. He’s been relatively inactive by comparison to what he could have been,” Trump said while responding to a reporter’s question ...
The US Supreme Court on Monday allowed President Donald Trump to continue construction of his White House ballroom, granting him a major victory as he works to leave a permanent mark on Washington. The conservative-dominated court ruled 5-4 to lift a lower order demanding most construction be halted, saying that the plaintiff in the case likely did not have legal standing to sue. Chief Justice Joh...
The US Supreme Court in a 5-4 ruling on Monday let Donald Trump’s administration continue construction of his White House ballroom complex while the US president challenges a judicial order that would halt much of the development, with Chief Justice John Roberts in a dissent calling the project “likely unlawful”. The court granted the administration’s request to block a lower court’s order halting...
As India prepares for the Brics summit less than two weeks away, relations with China are warming up. On July 22, Indian External Affairs Minister Subrahmanyam Jaishankar met his Chinese counterpart Wang Yi during the East Asia Summit; five days later, Foreign Secretary Vikram Misri visited China. Last week, Indian National Security Adviser Ajit Doval also visited Beijing, for border talks. But In...
China’s biggest box-office surprise this year – a Teochew-language family drama that became a hit in Southeast Asia – is finally coming to North American cinemas on September 4. Dear You, whose Chinese title translates as “Love Letters for Grandma”, has grossed nearly US$300 million in mainland China. Its North American release will test whether a Chinese film rooted in migration, family, and regi...
Jurors in the Lindsay Clancy trial on Monday spent a third day deliberating without reaching a verdict on whether the former labour and delivery nurse is criminally responsible for killing her three children in 2023 – a case that has drawn attention to maternal mental health after childbirth. The jurors began discussing the case on Thursday in Plymouth County Superior Court in Massachusetts after ...
Jurors in the Lindsay Clancy trial on Monday spent a third day deliberating without reaching a verdict on whether the former labour and delivery nurse is criminally responsible for killing her three children in 2023 – a case that has drawn attention to maternal mental health after childbirth. The jurors began discussing the case on Thursday in Plymouth County Superior Court in Massachusetts after ...
Jurors in the Lindsay Clancy trial on Monday spent a third day deliberating without reaching a verdict on whether the former labour and delivery nurse is criminally responsible for killing her three children in 2023 – a case that has drawn attention to maternal mental health after childbirth. The jurors began discussing the case on Thursday in Plymouth County Superior Court in Massachusetts after ...
A Chilean court on Monday fined a Chinese man caught with cocaine inside a Santiago prison, where he is being held on charges of homicide, kidnapping and drug trafficking. It was the second such ruling in five involving a Chinese inmate in five months, with prosecutors linking the two men to the same criminal network. Officers had searched Haifeng Tang at Santiago Uno prison on August 12, a day be...
A man refusing to eat food while jailed on charges he shot two National Guard troops near the White House, killing one of them, can be fed against his will under a judge’s emergency order. US District Judge Amit Mehta agreed on Saturday to order “non-consensual” nutrition and medical treatment for Rahmanullah Lakanwal, who was rushed to a hospital in July after he stopped eating. Mehta said Federa...
A man refusing to eat food while jailed on charges he shot two National Guard troops near the White House, killing one of them, can be fed against his will under a judge’s emergency order. US District Judge Amit Mehta agreed on Saturday to order “nonconsensual” nutrition and medical treatment for Rahmanullah Lakanwal, who was rushed to a hospital in July after he stopped eating. Mehta said Federal...
A man refusing to eat food while jailed on charges he shot two National Guard troops near the White House, killing one of them, can be fed against his will under a judge’s emergency order. US District Judge Amit Mehta agreed on Saturday to order “nonconsensual” nutrition and medical treatment for Rahmanullah Lakanwal, who was rushed to a hospital in July after he stopped eating. Mehta said Federal...
Top fashion designer John Galliano announced on Monday he is cancelling an exhibition of his work that was to kick off New York’s Met Gala next spring, following criticism from donors and political leaders over his past antisemitic remarks. “After much reflection and discussion with all those involved, I have decided, with great sadness, that it is best for the exhibition not to take place at this...
Top fashion designer John Galliano announced on Monday he is cancelling an exhibition of his work that was to kick off New York’s Met Gala next spring, following criticism from donors and political leaders over his past antisemitic remarks. “After much reflection and discussion with all those involved, I have decided, with great sadness, that it is best for the exhibition not to take place at this...
Top fashion designer John Galliano announced on Monday he is cancelling an exhibition of his work that was to kick off New York’s Met Gala next spring, following criticism from donors and political leaders over his past antisemitic remarks. “After much reflection and discussion with all those involved, I have decided, with great sadness, that it is best for the exhibition not to take place at this...
Lithuania’s President Gitanas Nauseda said he has been briefed by the US on the content of CIA Director John Ratcliffe’s talks in Moscow, describing the visit as aimed at reducing regional tensions. “I can say at this stage that the meeting achieved its stated objectives, and it was aimed at reducing tensions in the region,” Nauseda said in Vilnius, according to Lithuanian media reports on Monday....
Lithuania’s President Gitanas Nauseda said he has been briefed by the US on the content of CIA Director John Ratcliffe’s talks in Moscow, describing the visit as aimed at reducing regional tensions. “I can say at this stage that the meeting achieved its stated objectives and it was aimed at reducing tensions in the region,” Nauseda said in Vilnius, according to Lithuanian media reports on Monday. ...
