Finance news

Hong Kong’s Tiu Keng Leng residents win landmark case in 1996 – SCMP archive

This article was first published on June 28, 1996. Rennie’s Mill residents win battle for damages by Cliff Buddle and Ng Kang-chung Rennie’s Mill residents won their marathon battle with the Government yesterday (June 27, 1996) when a judge ruled they had been treated unfairly and must be paid damages. Mr Justice Raymond Sears said the Government abused its powers by breaching a 35-year-old promise to allow the refugees to stay at the Tseung Kwan O site indefinitely. But the residents were told.

The AI cold war needs a nonaligned movement

Asean’s side deals in Myanmar risk missing where the power truly lies

As Asean foreign ministers prepare to meet in Manila from July 21-22, a quiet but significant shift is under way in the bloc’s approach to Myanmar. Although the Association of Southeast Asian Nations remains formally committed to the “five-point consensus”, several member states appear to be reconsidering the collective pressure strategy adopted since the 2021 coup. Rather than abandoning the consensus outright, they argue that more direct engagement with Naypyidaw may be necessary to encourage.

As China’s tech firms adapt to AI era, workers worry they’ll be ‘optimised’ out of a job

When a friend checked in on a Meituan employee late last month to see if he had survived the latest round of corporate culling at the food delivery giant, he responded drily: “I don’t know whether it will be me next.” Anxieties were running high at the company then, after chat screenshots circulated on Chinese social media claiming Meituan planned to slash up to half of its product roles by the end of June, coupled with deep cuts to other departments. While Meituan quickly denied the rumours,...

Raw materials: Association: Cement consumption at pre-World War II levels

Cement consumption in Germany is lower than it has been for decades. What Association President von Acht says about the crisis in the building materials industry.

US eases ban on AI model Mythos feared to aid cyberattacks

The US government has allowed Anthropic to release its powerful Claude Mythos 5 artificial intelligence model to some “trusted” US organisations, partially reversing an order two weeks ago to suspend access over national security risks. More than 100 companies and institutions will now have access to Mythos 5, including many Fortune 500 companies, according to a source familiar with the new directive, declining to be identified due to the sensitivity of the matter. Concern that powerful AI...

Competition from the Far East: Read: VW could build Chinese models in Germany

Tens of thousands more jobs at Volkswagen are said to be at risk. How is the car giant reacting to growing competition from China? Lower Saxony's Prime Minister Olaf Lies advocates new approaches.

+++ Football World Cup 2026 +++: Germany will play against Paraguay in the World Cup round of 16

Götze video and advertising banner: Nike teases new DFB jersey +++ Three possible DFB opponents in the first knockout round +++ Players revolt against Uruguay's coach Bielsa +++ The news blog.

Bicycle industry: A new start after the crisis: racing bike manufacturer Canyon relies on e-bikes

Job cuts, price wars, falling sales: Canyon has had difficult times. Now the manufacturer, which builds sports bikes and sponsors top athletes, is relying on e-bikes. Is this a way out of the doldrums?

New month, new rules: pension, taxes, flights — what changes in July

Who can enjoy more money and what's new in online shopping? July brings changes for millions of Germans.

Bangkok’s ‘Hulk’ governor wants a second chance to smash it

You hear “The Hulk” before you see him: Chadchart Sittipunt’s voice carries as he canvasses for a second term as Bangkok governor in the tight, twisting alleys of a working-class canalside community. The nickname, affectionately bestowed upon him by Thai internet users for his muscular frame and passion for running, suits the 60-year-old well. He has been out hustling for votes daily ahead of Sunday’s election, which he appears all but certain to win. Meeting residents in poor communities,...

What’s the biggest mistake you have made, that has cost you the most?

I’m researching how traders think about the future with AI. I’ve noticed algorithmic trading and AI are getting exponentially better at finding patterns and predicting markets. I’m building tools to help humans stay relevant and make better decisions as AI gets better at trading. So I’m asking: How do YOU think about staying competitive when AI can do this better? What do you think is the human edge that machines don’t have? Would love to hear from people actually trading about what the future l

Talking when you eat is bad for you, and other Chinese beliefs

“What did your family talk about at the dinner table?” Snug under the Tuscan sun, at a writing retreat on a permaculture farm outside Florence, I was ready to mine my fondest food memories. For a moment, scenes from films and television flashed across my mind: a montage of vivid dinner conversations and emotional check-ins, stitched together from various coming-of-age stories. The only problem was that I could not claim any of those vignettes as my own. I squinted and dug deeper, into countless.

noticed 20 genomics/sequencing stocks all breaking out the same week. can't tell if it's a real rotation or I'm just pattern-matching noise

So I run a screen across 2800 nasdaq names, returns over a few horizons, distance from 52w highs, relative volume, dispersion, that kind of stuff. mostly to keep myself honest on the macro instead of trading off headlines. been doing it daily for a while now. this week one thing stuck out and I've been chewing on it for a couple days so figured I'd just put it here and see if anyone's seeing the same thing or can tell me why I'm wrong. there's a clump of genomics / DNA sequencing / diagnostics n

Morning Briefing Insight: How did research become a case for politicians and security authorities?

China cooperation on CISPA, pension reform and TikTok, Gluckigluck carafes and the question: How does Handelsblatt bring business journalism to social media?

Hong Kong is betting on integration with mainland China but what are the risks?

In the second of a two-part series on the economy as Hong Kong marks 29 years since its return to Chinese rule, Lo Hoi Ying and Leopold Chen look at the city’s efforts at closer integration with the nation and the opportunities and obstacles it presents. Part one can be found here. A question from his niece about how face masks should be recycled prompted materials scientist Eddie Yu to rethink sustainability and inspired him to develop biodegradable materials when he started his company,...

Coffee, chillies and cashews: a new recipe to spice up China-Africa trade relations

As China’s relationship with African countries deepens, the country’s influence is spreading into more areas. In our series Jevans Nyabiage looks at how Beijing’s blanket import clearance for three African food products will affect ties between them, and the potential effects for other governments around the world. Beijing is rewriting its trade playbook by bypassing years of protracted bilateral negotiations to grant continent-wide market access for African coffee, chillies and cashews. The...

Chinese grandpa works as beauty influencer to fund disabled grandson’s costly treatment

A 75-year-old grandfather became a beauty influencer to raise money for his grandson with a rare disease, saying he did so out of love for his only daughter. Zhu Yunchang, from eastern China’s Jiangsu province, looks after his nine-year-old grandson Cao Jingyan during the day and live‑streams at night. Zhu usually live‑streams until midnight, and his wife stays up to keep him company. Zhu is doing this to raise money for Jingyan’s treatment in the form of injections, which cost around 1.4...

Help with Bloomberg function please!

Hi, I am running into a problem and I wanted to see if the experts online could help me! The problem: I want to see top ownership of AAPL. Let's say Fidelity manages portfolios with AAPL in it and one of the Fidelity portfolios is owned by CALPERS (big pension fund). I want the results to return CALPERS because they are the end owner of the stock not Fidelity. If anyone has any insights into how I can do this in Bloomberg, it would be super helpful. Thank you! submitted by /u/Test15151515 [link]

The situation at a glance: USA reports first attacks against Iran since framework agreement

The USA accuses Iran of attacking a ship in the Strait of Hormuz - and is attacking Iranian targets. What does this mean for efforts to find a lasting settlement to the war?

SpaceX will join Nasdaq-100

Adding SpaceX this quickly would make the Elon Musk company one of the first beneficiaries of Nasdaq's recently adopted fast-track inclusion framework.

AI: Reports – US government allows Anthropic to share AI model with selected companies

After a two-week ban, the US government is easing its restrictions on Anthropic. More than 100 selected companies will again have access to a powerful AI model.

Trump unveils new US passport with his own face inside

President Donald Trump on Friday unveiled a rendering of a new limited-edition US passport to mark the country’s 250th anniversary of independence, featuring his stern-faced likeness. “The U.S.A.’s New Passport, which says, ‘Welcome, but be good!’” Trump said in a post on his Truth Social platform featuring the passport mock-up. The image features a glowering Trump leaning on his desk and his signature, with the text of the Declaration of Independence in the background. It appears to be based on

WPG.V – West Point Gold runs +18.5% on strong drill hit (66.2m @ 6.57 g/t)

Hey everyone, Quick update on WPG.V (West Point Gold). On June 23 we highlighted it as a tier-1 US gold explorer (Arizona + Nevada) with a strategic agreement with Kinross and a maiden resource expected later in 2026. Today the stock jumped +18.5% after a strong drill result at Gold Chain: • 66.2m @ 6.57 g/t Au, including 20.7m @ 18.25 g/t Au at NE Tyro • Hole extends the zone past 250m depth and remains open • 21 holes still pending for the maiden resource Our take: Solid de-risking step on a f

Japan's Daikin to set up India R&D hub for data center cooling

Honda CEO Mibe says tie-up with Nissan 'close to announcement'

Finding sanctuary in Tokyo's cat cafes

India catches pickleball fever

Growth agenda: Hong Kong vows stronger exchange with reforms, bond futures and gold push

Hong Kong is pressing ahead with an overhaul of listing rules and the launch of new product initiatives, the city’s deputy finance chief said on Friday as the bourse operator marked 26 years as a publicly traded company. Speaking at the anniversary ceremony of Hong Kong Exchanges and Clearing (HKEX), Deputy Financial Secretary Michael Wong Wai-lun outlined reforms under review, including optimising weighted voting rights, easing secondary listings by overseas issuers, and expanding flexibility..

Malaysia has never had so many Chinese tourists. It wants more

Jane Lyu flew to Malaysia on Tuesday to visit a city that she had never heard of until recently. The 32-year-old engineer from Guangxi, southern China, first spotted it on Weibo. Now, standing outside the pink-domed Putra Mosque in Putrajaya, she explains through a translation app how the country’s administrative capital, a planned city barely three decades old, ended up as the first stop on her Malaysian itinerary. Lyu, who arrived as part of a company trip that began in Singapore, is one of...