Finance news

Ageing in Hong Kong – should you fear it?

Parents of boy paralysed by medical blunder welcome penalty but vow to fight on

After 16 years, Li Zhijian and his wife Peng Hongying have finally found a measure of closure in their long pursuit of justice over a medical blunder that left their son paralysed for life in Hong Kong. But the mainland Chinese couple said their fight for accountability was far from over, despite a ruling by the city’s medical watchdog that found a paediatrician guilty of professional misconduct in his care of their son, Li Yuanjian. “We can only say that we can accept it, and we can find some..

City trip: Discover Seoul: From palaces to the Demilitarized Zone

Palaces, city walls, Gangnam, museums, borders: Seoul is a Korean metropolis between tradition and the present. Five entrances to a city that cannot be reduced to a single formula.

Nasa knows how to deflect an asteroid. Can Japan’s Hayabusa2 pull it off?

Japan’s Hayabusa2 fly-by of Torifune marks a leap in asteroid defence, showcasing the country’s growing space prowess and “goodwill science” role vital for protecting Earth from cosmic threats. The space probe, named after the Peregrine falcon in Japanese, successfully flew within 800 metres (0.5 miles) of the asteroid, the Japan Aerospace Exploration Agency (JAXA) said on July 5. JAXA said Hayabusa2 performed as expected and responded to all instructions from land-based mission control, about..

Japan: Rare earths – the stuff of power

Japan's new government is experiencing what Europe fears: a Chinese demonstration of power in rare earths. But the country also shows how to become less susceptible to blackmail.

Retirement provision: pension and pension - how big are the differences?

On average, pensions are significantly lower than civil servant pensions. A new analysis from the Bundestag shows the differences in salaries, but also points out the reasons.

Mobile phone provider: Job cuts at O2: Union accuses the company of lack of planning

The mobile operator O2 is under pressure and its business figures are deteriorating. Now the management is putting the red pencil on, about one in six jobs will be eliminated. Trade unionists are outraged.

Thousands of flights cancelled as Typhoon Bavi hits eastern China bringing heavy rains

Typhoon Bavi made landfall in eastern China on Saturday night, the second major storm to hit the country in a week, causing thousands of flight and train cancellations while more than 2.4 million people were evacuated from areas in the path of the storm. More than 2,800 flights were likely to be cancelled by Chinese airlines as of 8pm on Saturday, the state news agency Xinhua reported. Shanghai’s Pudong and Hongqiao airports were set to cancel over 650 flights, about 30 per cent of their...

Simson mopeds: Voigt: Discussion about Simson special status with the EU

The Simson mopeds built in Suhl are more than GDR nostalgia: they can drive at 60 km / h and promise young people mobility. But re-imports have to slow down. What the problem lies.

Deutsche Bahn: Schnieder sees the railway as having a duty to be more punctual

Many delays annoy rail customers - and that also has to do with the long-neglected track network. The renovation should get underway. But the minister also recognizes the need for other action.

South Korean ticket touts to face the music when new penalties come into play

For many K-pop fans in South Korea, the hunt for concert tickets has turned into a high-stakes battle, one where logging on early is no longer enough and ordinary fans find themselves outmatched by organised resellers, bots and shadowy workarounds that can send prices soaring far beyond face value. Previous solutions have failed to rein in the problem, but the government is hoping that the threat of massive fines may finally free ticket seekers from the grips of predatory scalpers. From August..

U.S. launches airstrikes against Iran after Tehran attacks container ship in Hormuz, Pentagon says

Iran has attacked ships using a route along Oman's coast protected by the U.S. military. Tehran demands vessels use a northern route through its waters.

The situation at a glance: USA attacks Iran again - Strait of Hormuz closed

Iran's Revolutionary Guards are said to have attacked a merchant ship in the disputed strait. This will remain closed until further notice. According to the US, Tehran has missed an opportunity.

Accidents while swimming: Swimming emergencies: How to properly help drowning people

More people drowned in June than in a long time. How do you notice that someone is in distress? What should you know when attempting a rescue? Two experts give advice.

Ten years later: “Scars remain, but they don’t define us”

They are on vacation in Germany when a radicalized refugee attacks them. Today the Chinese victims of the Würzburg ax attack are back in their homeland. They can't forget.

EU CO2 regulation: Daimler Truck boss: Existence of the industry in Europe is threatened

The head of the commercial vehicle manufacturer Daimler Truck is sounding the alarm. The EU's CO2 regulation and the threat of penalties could have existential consequences for the industry. What does the manager demand?

Taiwan military gains 5,000 volunteers, but ‘real problem’ is retention

Taiwan’s volunteer force has recorded an unexpected increase of more than 5,000 personnel over the past year despite the island’s worsening demographic decline. However, lawmakers and military analysts say the growth is driven more by government pay rises than by any apparent shift in young people’s attitudes towards military service. The figures, released by the defence ministry this week, brought rare good news to an armed force grappling with chronic manpower shortages. But critics warned...

Japan wants 60 million tourists, but China isn’t sending them

Japan has found a new export industry and it doesn’t come off an assembly line. It arrives by plane, spends freely and is, increasingly, what Tokyo is banking its economic future on. Last year, 42.7 million foreign visitors arrived in the country, a record that shattered the previous year’s high by nearly 16 per cent. Now Tokyo wants to turn that surge into something more lasting: a permanent pillar of growth to rival, or even outlast, the industries that built modern Japan. To achieve that...

EU isn’t just selling aircraft to China. It’s helping strengthen a competitor

Last month, China Eastern ordered 25 A330neo jets from Airbus, which come at a catalogue price of US$9.35 billion. The airline, which operates the inaugural commercial routes of the C919, China’s home-grown passenger jet, had placed another Airbus order just three months earlier. Why is this major Chinese airline transferring billions to a European company China’s government is trying to supplant? As a widebody jet, the A330neo competes in a segment where the Commercial Aircraft Corporation of..

Chinese court holds 3 liable after man dies following all-night drinking, mahjong session

A legal ruling in China holding three individuals liable for the death of a friend following overnight drinking and gaming has ignited widespread online discussion. Three men in Urumqi, in northwestern China, were ordered by the court to compensate their friend’s family a total of over 100,000 yuan (US$15,000), after he died partying with them all night. The man, surnamed Gao, played mahjong with his two friends and the mahjong parlour’s owner, from almost 9pm to 3am the next day, in October...

Amazon might be one of the most misunderstood AI stocks right now.

A year ago people were worried Amazon was falling behind in AI. Now AWS is accelerating again, Amazon has its own AI chips, and it's still the cloud provider that many AI companies are comfortable building on. Yet the stock still doesn't seem to get much credit for any of it. Interesting how quickly the market narrative changes. submitted by /u/Ok-Barber3419 [link] [comments]

Youth suicides in Hong Kong hit 10-year high: court report

Youth suicide cases confirmed by Hong Kong Coroner’s Court reached a decade-high last year, despite a 10 per cent overall decline across the population to 1,019. According to the annual coroners’ report published last month, suicide cases confirmed by the court declined across almost all age groups, except for those aged between 10 and 19. Last year, 46 adolescents aged 10 to 19 were reported to have taken their own lives, up from 34 cases in the previous year and reaching a decade high. Most of

Honda, other Japan companies in pay workers to spearhead AI use

Japan to help universities pool investments as smaller schools struggle

In Malaysia, BN’s Johor ‘blue wave’ leaves Anwar’s PH facing hard questions

Barisan Nasional’s (BN) sweeping win in Johor is expected to embolden it within Malaysian Prime Minister Anwar Ibrahim’s unity government while forcing Pakatan Harapan (PH) into a difficult postmortem over its waning appeal on the ground. The Election Commission announced BN’s victory of 48 seats, out of 56 up for grabs, with PH managing only eight. BN’s result was better than the 40 seats it secured in the 2022 race. Analysts say the result, which came despite Anwar campaigning heavily for PH,.

Iran declares Strait of Hormuz closed, US launches new strikes

Iran on Sunday said ⁠it closed the Strait of Hormuz after a vessel travelled on an unapproved route and was struck, warning that any retaliation over the incident would be met with a “severe response”. “A vessel that had jeopardised maritime security by switching off its systems was struck and brought to a halt,” the Navy of Iran’s Islamic Revolutionary Guard Corps said in a statement, without giving any details about the ship. ⁠The ⁠US ⁠military said shortly after that it had launched a new...

Warning shots fired: Iran's Revolutionary Guard: Strait of Hormuz closed

The Iranian Revolutionary Guard Navy says it has stopped a ship in the Strait of Hormuz. The strait, which is important for trade, will remain closed for the time being.

The Next Bull Market Could Be Built on Inventory Replenishment

The Middle East is once again at the center of global energy markets due to the renewed military confrontation involving Iran. Markets, however, should recognize that, unlike in previous crises, the world is entering this new phase with a significantly weaker strategic safety net. At present, crude oil prices still respond to headlines surrounding military operations, shipping incidents, and diplomatic statements. Still, it is now time that markets should no longer overlook the structural conseq

Section 530A "Trump" accounts usually have worse tax benefits than even Traditional IRA and normal taxable accounts UNLESS they're converted to a Roth IRA later on

Section 530A "Trump" accounts have fewer tax-benefits (unless converted to Roth IRA) in most situations compared to normal taxable accounts. They're somewhat similar to really, really shitty Traditional IRA accounts where even the initial deposits are already taxed. So you don't even get the initial tax deductible benefit. (And even the donations are taxable later on.) Trump accounts are far worse tax-wise than even normal taxable accounts for most situations because: Normal taxable account gain

Reading the Sino-US rivalry: how a quiet literary relationship has shaped views on China

As the United States marks the 250th anniversary of its founding, it confronts a new world order dominated by its relationship with China. In this wide-ranging series, we examine the pressure points and possibilities in those ties, from hard tech to soft power. Here, Khushboo Razdan looks at how books shape public perceptions and inspire lifelong connections between the US and China even as their geopolitical rivalry intensifies. Alexander Boyd was 14 when a book about China altered the course..