Chinese fund managers’ pursuit of AI plays backfires as hot tech stocks wobble
SCMP •

Chinese fund managers’ pursuit of AI plays backfires as hot tech stocks wobble

A shift to technology stocks by China’s most seasoned fund managers has backfired, with the unwinding of AI plays taking a toll on the performances of their products. Funds run by some star managers with a value-investing approach all recorded declines in net asset values last month after they switched to chipmakers and the manufacturers of optical transceivers and out of long-held consumer bets i...

Escape artist: ancient Chinese cup features ‘swimming’ crab evolved from ‘dancing fairy cup’
SCMP •

Escape artist: ancient Chinese cup features ‘swimming’ crab evolved from ‘dancing fairy cup’

Four hundred years before modern interactive design became a trend, a remarkable ceramic crab was already captivating audiences in ancient China. Placed inside a porcelain cup, this ingenious creature would float and dance to life the moment wine was poured, transforming a simple drink into a mesmerising and joyful spectacle. Between 2018 and 2022, archaeologists unearthed the cup in the ruins of ...

Why Russia’s ballistic missiles are breaking through in Ukraine
SCMP •

Why Russia’s ballistic missiles are breaking through in Ukraine

When Russia fires a ballistic missile at Ukraine, air-defence systems have only minutes – sometimes seconds – to detect and intercept the deadly threat. The lack of time has left Kyiv and other cities increasingly exposed to devastating attacks by the missiles that come down so fast and so steeply that Ukraine says only the US-made Patriot defence system can stop them. But Ukraine says it has too ...

Australia news live: Angus Taylor mentioned at Icac again as text messages about Reformers funding read out

Australia news live: Angus Taylor mentioned at Icac again as text messages about Reformers funding read out

The Guardian •

Follow today’s news liveGet our breaking news email, free app or daily news podcastA 60-year-old man has died after an alleged assault in Melbourne, where he was allegedly set upon by a group of youths.Victoria police said the man sustained critical injuries on 1 August after the group of young people allegedly attempted to steal items from a nearby store in the suburb of Sunshine. The victim alle...

Texts suggest Angus Taylor ‘paid money to the Reformers … or was refusing to’, Icac inquiry hears

Texts suggest Angus Taylor ‘paid money to the Reformers … or was refusing to’, Icac inquiry hears

The Guardian •

Jean-Claude Perrottet, brother of former NSW premier, asked about messages referencing federal opposition leader and factional group ReformersIcac’s spotlight has shone on Dominic Perrottet’s brother – and it won’t be the last we hear from his familyNew South Wales’s anti-corruption watchdog has been shown text messages which suggest Angus Taylor “had paid some money to the Reformers … or was refu...

Man found dead in waters off Hong Kong’s Stonecutters Island, probe under way

Man found dead in waters off Hong Kong’s Stonecutters Island, probe under way

SCMP •

Hong Kong police found the body of a man in waters off Stonecutters Island on Thursday morning and believed he had drowned while swimming. The force received a report at 8.24am that a person was floating in the water about 20 metres from a pier near Stonecutters Island in Tsing Yi. Emergency personnel recovered the man from the sea, but he was pronounced dead at the scene. No identification docume...

Scientists create world’s whitest paint that could cool buildings naturally

Scientists create world’s whitest paint that could cool buildings naturally

Times of India •

Scientists have created an exceptionally reflective white paint to cool buildings. This new coating bounces away nearly all incoming sunlight, reducing heat absorption. Laboratory tests show the paint reflects 98.1% of sunlight, outperforming standard paints. Outdoor trials demonstrated surface temperatures significantly cooler than ambient air. This innovation offers a practical way to lower cool...

Good Samaritan dies days after being attacked while trying to stop Melbourne shoplifters

Good Samaritan dies days after being attacked while trying to stop Melbourne shoplifters

The Guardian •

Van Viet Truong was critically injured after coming to the aid of a fellow retail worker in SunshineCouncil flags are flying at half-mast in honour of a good Samaritan who died days after he was allegedly attacked by shoplifting youths outside a local shopping strip.Van Viet Truong was critically injured after he rushed to the aid of a fellow retail worker trying to stop the group stealing clothes...

FIFA apologises for World Cup private investment controversy

FIFA apologises for World Cup private investment controversy

France 24 •

FIFA President Gianni Infantino held a crisis meeting on Wednesday in Morocco following the controversy over opening up the World Cup to private investors. In a joint letter with Secretary General Mattias Grafström, he acknowledged “mistakes” and a lack of consultation. Despite the controversy, FIFA officials reiterated their “full support” for the organisation’s president. 

前日治療せず事故か 睡眠時無呼吸症候群のドライバー書類送検

NHK World •

ことし1月、東京 練馬区で車を運転中に居眠りし自転車と衝突して70代の女性に大けがをさせたとして、警視庁は、6日、44歳の会社役員を危険運転傷害の疑いで書類送検しました。役員は「睡眠時無呼吸症候群」と診断されていましたが、事故の前日に自宅で必要な治療を行わず強い眠気に襲われていた疑いがあるということです。

DeepSeek signals ‘significant’ price hike amid surge in demand for low-cost AI models

DeepSeek signals ‘significant’ price hike amid surge in demand for low-cost AI models

SCMP •

DeepSeek announced on Thursday a “significant” price hike, amid surging global demand for a new ultra-cheap model, which sparked debate over how the Chinese AI start-up has delivered powerful performance at rock-bottom prices. DeepSeek would raise overall pricing for its application programming interface (API) services “in the near future”, with specific plans to be advised later, the Hangzhou-bas...

CUHK to add national, global perspectives to mandatory courses under 5-year plan

CUHK to add national, global perspectives to mandatory courses under 5-year plan

SCMP •

The Chinese University of Hong Kong (CUHK) will revamp its mandatory education courses for all undergraduates to include national and global perspectives and focus on innovation, entrepreneurship and sustainability. The initiative was announced on Thursday as part of the university’s new five-year strategic plan, which charts its direction and development from 2026 to 2030. It is the first five-ye...

CUHK to add national, global perspectives to mandatory course under 5-year plan

CUHK to add national, global perspectives to mandatory course under 5-year plan

SCMP •

The Chinese University of Hong Kong (CUHK) will revamp a mandatory undergraduate programme to incorporate national education materials with a global perspective, as well as focus on innovation, entrepreneurship and sustainability. The initiative was announced on Thursday as part of the university’s new five-year strategic plan, which charts its direction and development from 2026 to 2030. It is th...