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15d07/01⚠ war-conflict · 3/5

Oil Prices Reflect Optimism That Hormuz Has Yet to Justify

Crude oil prices ended the second quarter of the year with the steepest decline since 2020, with Brent shedding close to 40% on optimism about a peace deal between the United States and Iran. But it may be too early to celebrate, ING commodity strategists said today. Traffic in the Strait of Hormuz is still far from pre-war levels, Warren Patterson and Ewa Manthey wrote, adding that “Total tanker crossings, which include both inbound and outbound movements, are estimated at around 11 on Tuesday,

◇ unclassifiedmiddle-east · russia · usa
15d07/01

Communist Party a ‘fundamental safeguard’ of Hong Kong’s prosperity: John Lee

The leadership of the Communist Party is a “fundamental safeguard” of Hong Kong’s prosperity, Chief Executive John Lee Ka-chiu has said amid celebrations to mark the 29th anniversary of the city’s return to Chinese rule and the 105th year of the party. The city leader on Wednesday also set priorities for the final year of his five-year term, stressing that he had changed the culture of the government during his four years in office and rolled out policies that delivered results. In a speech at..

◇ unclassifiedchina · asia
15d07/01

Hong Kong enters ‘new era’ as city returns to Chinese rule in 1997 – SCMP archive

This article was first published on July 1, 1997 Tung and his team sworn in as Patten bids tearful farewell by Chris Yeung Hong Kong entered its new era at the stroke of midnight, launching a historic experiment with the strongest pledge yet of non-interference from President Jiang Zemin. As June 30 moved into July 1, the flags of Britain and Hong Kong were lowered, and those of China and the SAR raised in the Convention and Exhibition Centre. The return to China after 156 years of colonial rule

◇ unclassifiedchina · asia · europe
15d07/01⚠ war-conflict · 2/5

Hong Kong to issue No 1 typhoon signal on Thursday as tropical depression nears

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong’s weather forecaster will issue the No 1 typhoon signal on Thursday, potentially marking the city’s first storm of the year, as a tropical depression approaches. The Hong Kong Observatory said the storm was expected to enter within 800km (497 miles) of the city later on Wednesday, before moving towards the vicinity of Hainan Island and Beibu Wan,...

◇ unclassifiedchina · asia
15d07/01⚠ war-conflict · 2/5

Raid to relief as US military aids Venezuela after twin earthquakes

The US military has established a robust footprint of US forces in and around Venezuela to support relief operations, with more than 900 personnel inside the country and another roughly 800 in Caribbean hubs Puerto Rico and Curacao, according to the top US general for Latin America. General Francis Donovan, the commander of US Southern Command, said US forces had participated in search-and-rescue operations, helped get the airport up and running and mobilised air and naval assets to ‌allow for..

◇ unclassifiedchina · asia · usa
15d07/01

Oman Air targets Singapore with new nonstop flight as Gulf carriers ramp up services

Oman Air is looking to capitalise ⁠on the Gulf ⁠state’s appeal as a largely ⁠untapped tourism destination as it launches flights from Muscat to Singapore on Thursday and considers an expansion to North Asia over the next year. The new nonstop Singapore service was underpinned by a lower cost ‌base and the airline’s year-old membership in the Oneworld alliance to aid with connections, as serving the city state with a stopover in Kuala Lumpur failed nine years ago, Oman Air CEO Con Korfiatis said.

◇ unclassifiedchina · asia · middle-east
15d07/01⚠ war-conflict · 2/5

China’s Wang Yi reaffirms support for Mideast talks in meeting with top Saudi diplomat

Chinese Foreign Minister Wang Yi on Tuesday met his Saudi counterpart Prince Faisal bin Farhan al-Saud in Beijing, reaffirming China’s strong support for negotiations in the Middle East and calling for sustained dialogue despite a fragile ceasefire. “Talking is better than fighting, and dialogue is better than confrontation,” Wang said, according to a statement released by China’s foreign ministry on Tuesday night. On the evolving regional situation, Wang said the current priority was to uphold.

◇ unclassifiedchina · asia · middle-east
15d07/01

Malaysia lures priced-out Hong Kong property buyers

Norman Wong sold his Hong Kong flat and relocated to a rented home in Malaysia after concluding the city no longer offered the quality of life he expected for the price. “What am I actually getting for this money in terms of quality of life?” asked Wong, a healthcare professional from Kowloon. “Space is at a premium in Hong Kong that most of us have simply accepted as the norm. When I started seriously looking at Malaysia, I realised I didn’t have to accept that any more.” Wong is part of a...

◇ unclassifiedchina · asia
15d07/01⚠ war-conflict · 1/5

Podcast AMA on the RENTENCOMMISSION with Professor Martin Werding! Your questions about the commission, its background and the future of pensions in Germany!

We are bringing a new guest to our Marktschnatter podcast on a highly relevant topic: Prof. Dr. Martin Werding. Photo via Economic Advisory Council He is a professor of social policy and public finance at the Ruhr University Bochum and was a member of the pension commission that presented its results on June 23rd. He is also a member of the Council of Experts for the Assessment of Overall Economic Development, better known as the Economists. Ask him here al

Social◇ unclassifiedgermany · europe · uk
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