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20d06/26

Hong Kong civil service chief vows ‘attractive’ pay rise once economy improves

Hong Kong’s civil service chief has pledged to deliver a “reasonable and attractive” pay adjustment once the economy and public finances improve, following the legislature’s approval of a flat 2 per cent pay rise for civil servants this year. The Legislative Council’s finance committee on Friday scrutinised HK$6 billion (US$765 million) in spending for the annual pay adjustment for civil servants and associated provisions for subvented organisations, after an earlier decision by the city’s top..

◇ unclassifiedchina · asia
20d06/26

Venezuela earthquakes death toll rises to 589, other nations rush to help

International search and rescue teams from at least 17 countries are being scrambled to Venezuela to help look for survivors of Wednesday’s devastating twin earthquakes, the United Nations said on Friday. The death toll has risen to 589, with 2,980 injured, acting President Delcy Rodríguez said. The number of casualties is expected to climb. A website set up to take reports of people still unaccounted for had 50,000 listed as of Friday morning. Families posted missing-person flyers with photos..

◇ unclassifiedchina · asia
20d06/26

Small aircraft hits Beijing’s tallest skyscraper, prompting evacuations

A light sport aircraft hit Beijing’s tallest skyscraper, Citic Tower, on Friday, triggering evacuations and scattering debris across the Chinese capital’s central business district. It was not immediately clear whether the crash caused any casualties or how many people had been on board the aircraft. The origin of the aerial vehicle and the circumstances leading to the crash were also unknown. Videos posted to social media showed the aircraft striking the upper floors of the 528-metre...

◇ unclassifiedchina · asia
20d06/26

In Venezuela, China’s oil-for-loan deals run into debt restructuring, US ‘gatekeeper’ risk

The United States represents the primary obstacle to continuing oil-for-loan arrangements between China and Venezuela, analysts say, creating a significant wild card in what ranks among the largest debt restructurings in history. Following Washington’s abduction in January of Venezuela’s then president, Nicolas Maduro, Caracas is set to reveal a US$240 billion debt pile, according to a Financial Times report on Wednesday. The disclosure, expected in the coming weeks, rivals the €200 billion...

◇ unclassifiedchina · asia · usa
20d06/26⚠ shipping-routes · 2/5

Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens

Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the Strait of Hormuz and the oil supply increase from the region. Saudi oil giant Aramco, the world’s single-biggest crude oil exporter, is expected to slash the OSP of its flagship Arab Light crude by between $6.50 and $8.00 per barrel, a Reuters survey of industry sources showed on Friday. Refiners polled by Reuters exp

◇ unclassifiedmiddle-east · russia · usa
20d06/26⚠ war-conflict · 3/5

Southeast Asia’s ‘red alert’ haze fight faces economic test

A potentially dangerous haze season looms for Southeast Asia, as rising energy and fertiliser costs threaten to weaken fire-prevention efforts just as extreme weather patterns raise the risk of forest and land blazes. Analysts warn that agricultural companies facing pressure from higher production costs may cut corners on sustainable land-clearing practices, including by using fire instead of machinery. The warning comes as the Singapore Institute of International Affairs (SIIA) issued a rare...

◇ unclassifiedchina · asia
20d06/26

‘We love guns’: school shooting exposes reality of Philippine crisis

Monday’s school shooting in the Philippines that killed three students and injured dozens has highlighted the decades-long problem of gun proliferation in the country, easy access to weapons despite theoretically strict laws – and Filipinos’ fascination with firearms. One shocking issue that emerged after videos of the shooting were posted online was the quantity of bullets fired and the teenaged shooters’ seeming familiarity with weapons. Officers recovered 21 fired cartridge cases, seven lead.

◇ unclassifiedchina · asia
20d06/26

Hong Kong moves to curb flow of high liquid content waste in landfills

Hong Kong is seeking to curb the flow of bulk high liquid content waste, such as expired drinks, personal care products and discarded detergents, into landfills, a move conservationists say will protect local waters and coastlines from the risk of toxic leakage. While academics and green groups welcomed the move, the retail sector expressed concern that the new requirement might result in higher recycling and manpower costs that could ultimately be passed on to consumers. The Environmental...

◇ unclassifiedchina · asia · usa
20d06/26⚠ war-conflict · 2/5

Europe wants a new Plaza Accord for China – seriously?

Leaders of the G7 rich nations might have gone into this month’s summit in France hoping for a united front against China. But, overshadowed by the conflicts in Iran and Ukraine and alienated by a mercurial US President Donald Trump, the lacklustre gathering came up short. There was no public agreement on how to address the so-called China shock 2.0, the supposed overcapacity issues and currency manipulation that is considered to be the cause of Chinese exports flooding into Europe. Instead of..

◇ unclassifiedchina · asia · usa
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