Live headlines from trusted global sources. Click any story to open it on the original website.
A Malaysian royal’s plan to sell a tract of land in the heart of Singapore faces a complication: a tax bill that may exceed US$1 billion. A levy known as a land betterment charge has emerged as a sticking point in negotiations between some prospective buyers and the current owner, the eldest son of Malaysia’s billionaire king, according to people familiar with the matter. The owner wants any buyer...
People’s Bank of China Governor Pan Gongsheng rejected criticism of China over global trade imbalances at the G20 finance meeting in Asheville, North Carolina. Below is the statement released by the Chinese central bank summarising the speech.
China has fired back at critics of its trade imbalances at a Group of 20 gathering, with the central bank firmly denying that Beijing deliberately pursues trade surpluses, while also vowing that it would not weaponise the yuan to boost exports. In the face of concerns over export reliance, People’s Bank of China governor Pan Gongsheng said the country remained committed to expanding domestic deman...
Xi Jinping has urged Middle Eastern nations to build a self-led security model, signalling a push to cut reliance on Washington following further US-Iran military clashes, although China’s president did not position Beijing as an alternative security guarantor. On his first visit to Egypt in a decade, Xi made the proposal during talks with Egyptian President Abdel-Fattah el-Sisi at Cairo’s Ittihad...
Enflame Technology, one of China’s leading AI chipmakers, has sparked a retail frenzy for its 6.12 billion yuan (US$910.9 million) initial public offering (IPO) in Shanghai’s tech-heavy Star Market, underscoring growing investor appetite for home-grown alternatives to Nvidia. The Tencent Holdings-backed chipmaker saw the retail portion of its IPO oversubscribed by 4,073 times, with about 7 million...
Iran attacked US military bases in Kuwait on Thursday, despite US President Donald Trump threatening further strikes in a fresh flare-up six months into the war. Trump said his military was prepared to attack Iran “any time we want” after extensive US bombardment of sites across the country left at least 19 Iranians dead. Tehran retaliated by hitting US military targets across the Middle East, inc...
Operators of more than 60 per cent of subdivided flats in Hong Kong have applied for a three-year grace period to give themselves more time to comply with a regulatory regime rolled out six months ago, the housing minister has said. Secretary for Housing Winnie Ho Wing-yin said on Thursday the applications received as of Monday covered than 70,000 subdivided homes from about 20,000 complete flats....
Operators of over 60 per cent of subdivided flats in Hong Kong have applied for a three-year grace period to give themselves more time to comply with a regulatory regime rolled out six months ago, the housing minister has said. Secretary for Housing Winnie Ho Wing-yin said on Thursday the applications involved more than 70,000 subdivided units from about 20,000 complete flats, as of Monday. This w...
Another 14 luxury condominium units and a grade A office at Suntec Tower One forfeited in connection with Singapore’s largest money laundering case will be put up for sale at auctions this month. The properties, located in prime areas such as River Valley and Orchard, will be auctioned by real estate firms Edmund Tie & Company (ETC) and Knight Frank. As of Thursday morning, a total of 25 propertie...
Hong Kong’s conservation authorities are considering genetic testing as a supplementary tool for identifying breeds, an official has said after enforcement action against suspected fighting dogs sparked public concern. The Agriculture, Fisheries and Conservation Department (AFCD) also said on Thursday that owners could keep existing fighting dogs, provided they complied with statutory requirements...
Retired Catholic leader Joseph Zen Ze-kiun and four other activists have lost an appeal against their convictions for failing to register their legal defence fund for those involved in the 2019 anti-government protests in Hong Kong. The Court of Appeal on Thursday upheld a magistrate’s findings that the now-defunct 612 Humanitarian Relief Fund fell within the definition of a society under the Soci...
Retired Catholic leader Joseph Zen Ze-kiun and four other activists have lost an appeal against their convictions for failing to register their legal defence fund for those involved in the 2019 anti-government protests in Hong Kong. The Court of Appeal on Thursday upheld a magistrate’s findings that the now-defunct 612 Humanitarian Relief Fund fell within the definition of a society under the Soci...
A Hong Kong court has granted three women bail after they were charged with fighting in the children’s play area of a shopping centre and barred them from returning to the venue. Leung Lai-ha, 68, her 34-year-old daughter Ng Ka-wun and Xu Yang, 34, made their first appearance at Kwun Tong Court on Thursday to face charges after their altercation on August 26 at the atrium of APM shopping centre in...
A Hong Kong court has granted three women bail after they were charged with fighting in the children’s play area of a shopping centre and barred them from returning to the venue. Leung Lai-ha, 68, her 34-year-old daughter Ng Ka-wun and Xu Yang, 34, made their first appearance at Kwun Tong Court on Thursday to face charges after their altercation on August 26 at the atrium of APM shopping centre in...
Beijing said it conducted a routine patrol in waters east of Taiwan on Thursday, the latest in weeks of ramped-up activity by coastguard and other vessels that has alarmed the island. China Coast Guard spokesman Jiang Lue said a formation led by the Putuoshan vessel carried out a “law enforcement” patrol “in accordance with the law”. He said the formation had strengthened control over the waters s...
Beijing said it conducted a routine patrol in waters east of Taiwan on Thursday, the latest in weeks of ramped-up activity by coastguard and other vessels that has alarmed the island. China Coast Guard spokesman Jiang Lue said a formation led by the Putuoshan vessel carried out a “law enforcement” patrol “in accordance with the law”. He said the formation had strengthened control over the waters s...
A Maltese court on Wednesday acquitted tycoon Yorgen Fenech of orchestrating the car-bomb killing of investigative reporter Daphne Caruana Galizia, sparking outrage from her family and media freedom advocates. The wealthy businessman had stood accused of masterminding the 2017 assassination of 53-year-old Caruana Galizia, which sparked unprecedented protests and brought down a government. Caruana ...
Young professionals in Makati City are humorously redefining OFW as “overworked” or “on-site” Filipino workers, parodying the high costs and urban convenience of Metro Manila’s premier financial district. In the Philippines, OFW generally refers to overseas Filipino workers who move abroad in search of better opportunities and pay. But recently, the acronym has been given a new meaning by some Mak...
The global advertising industry is mourning the death of Meta Greater China creative shop chief Kitty Lun Kit-ying, who drowned in a swimming pool at a residential complex in Hong Kong earlier this week. A source close to the investigation confirmed on Thursday that Lun was identified as the 70-year-old woman who died after drowning in the pool of Ville De Cascade in Fo Tan on Monday. She was seen...
The global advertising industry is mourning the death of Hong Kong-born Meta Greater China creative chief Kitty Lun Kit-ying, who drowned in a swimming pool at a residential complex earlier this week. A source close to the investigation confirmed on Thursday that 70-year-old Lun was identified as the woman who died after drowning in the pool of Ville De Cascade in Fo Tan on Monday. She was seen sw...
Glaciers on the Tibetan Plateau are likely to become more unstable, which may lead to more collapses and collateral disasters, a senior climate official warns as the death toll from last week’s catastrophic landslide and flood on the China-Nepal border continues to rise. “Over the past 60 years, the glacier area on the Tibetan Plateau has shrunk by around 24 per cent, with around 7,000 small glaci...
Ousted Venezuelan president Nicolas Maduro urged a US judge on Wednesday to dismiss criminal drug trafficking charges against him, arguing he should be immune from prosecution as the head of a sovereign country. The charges, filed in Manhattan federal court, formed the basis for the US military’s raid on Caracas and capture of Maduro on January 3. The Venezuelan leader, who has been held in a Bro...
Chinese mainland investors rotated into Hong Kong stocks tied to artificial intelligence and pulled out of companies in traditional industries in August, taking advantage of a market dip to boost bets on the world’s most cutting-edge technology. AI model developer MiniMax Group logged net buying of HK$10.1 billion (US$1.29 billion) last month, the most among the Hong Kong-listed companies availabl...
A low-altitude flyover by two Airlink passenger jets before a rugby match at Cape Town’s DHL Stadium is being reviewed by South African aviation authorities after it drew safety concerns, officials said on Wednesday. The South African Civil Aviation Authority (SACAA) said it had obtained flight data recordings and requested additional information from regional carrier Airlink as part of its assess...
A low-altitude flyover by two Airlink passenger jets before a rugby match at Cape Town’s DHL Stadium is being reviewed by South African aviation authorities after it drew safety concerns, officials said on Wednesday. The South African Civil Aviation Authority (SACAA) said it had obtained flight data recordings and requested additional information from regional carrier Airlink as part of its assess...
US Democratic lawmakers on Wednesday accused the Donald Trump administration of using the critical minerals contest with China as an excuse for corruption – alleging billions of dollars in deals were enriching the president’s family and friends. “Competition with China is no excuse for abandoning safeguards that prevent taxpayer funds from being misused for private enrichment,” said Linda Sanchez,...
A US missile hit a home in southern Iran where dozens were gathered to celebrate the wedding of a fisherman’s daughter, according to a rights group and Iranian media. Iranian state media said four people – two women and two children – were killed and more than 60 were wounded. The rights group said one of the children, a teenager, was killed by another strike on a nearby communications tower. Heav...
A US missile hit a home in southern Iran where dozens were gathered to celebrate the wedding of a fisherman’s daughter, according to a rights group and Iranian media. Iranian state media said four people – two women and two children – were killed and more than 60 were wounded. The rights group said one of the children, a teenager, was killed by another strike on a nearby communications tower. Heav...
A US missile hit a home in southern Iran where dozens were gathered to celebrate the wedding of a fisherman’s daughter, according to a rights group and Iranian media. Iranian state media said four people – two women and two children – were killed and more than 60 were wounded. The rights group said one of the children, a teenager, was killed by another strike on a nearby communications tower. Heav...
Hong Kong will roll out its first cross-industry exhibition for high-end products ranging from haute jewellery to supercars, yachts and private jets in November, as part of efforts to attract big spenders and cement the city as a global conference and event capital. The South China Morning Post learned on Wednesday that the inaugural Festival of Connoisseurs will receive some of the HK$100 million...
