geopolitical · geopolitical

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Squally thunderstorms set to hit parts of Hong Kong within hours

S8

Hong Kong’s weather forecaster has warned that downpours are approaching the city, saying they are expected to become more frequent throughout the day. A spokesman for the Hong Kong Observatory said at 8.20am on Tuesday that an area of thundery showers over western Guangdong was gradually moving eastwards. “Showers are expected to be heavier in some areas, with squally thunderstorms affecting parts of the territory in the next couple of hours,” the spokesman said. Hong Kong has experienced...

15 days ago

natural disaster · natural disaster

🌊

Chinese teenager lies to parents about holiday to secretly help flood victims in Guangxi

S7

A teenager from eastern China told his parents he was going on holiday, but secretly travelled with a friend to a flood-stricken region to join relief efforts. Earlier this month, 18-year-old Shanghai student Wu Yulun had just completed the gaokao, China’s national college entrance examination, and was planning a graduation trip. But after seeing an online appeal from a volunteer group in the southwestern Guangxi region, he abandoned those plans and headed for the disaster zone instead. Days of...

15 days ago

economic · economic

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Global Market Today: Asian stocks recover as chips rebound, oil dips

S7

Asian stocks advanced, recovering from recent losses as chip shares stabilized. Megacap technology earnings are anticipated this week, influencing market direction. Geopolitical tensions in the Middle East and trade concerns are creating investor caution. Elevated oil prices and escalating regional conflicts add to market uncertainty. Investors await corporate results and de-escalation for market rebounds.

15 days ago

social demographic · culture

📌

Hong Kong’s first-time lawmakers ask fewer questions but attend Legco more often

S6

Hong Kong’s first-time lawmakers have raised fewer questions than their veteran counterparts but recorded a higher attendance rate, a South China Morning Post check has found. Alan Chan Chung-yee, who is also the chief operating officer of Miramar Group, and athlete turned legislator Vivian Kong Man-wai were among those who submitted the fewest questions to the government. Political observers attributed the trend to newcomers seeking to balance respect for the executive-led system with their...

15 days ago

economic · economic

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Rupee hits two-month low despite RBI intervention as crude oil surge weighs

S7

The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are fueling inflation concerns across the economy. The market anticipates continued volatility influenced by oil and dollar strength. The Reserve Bank of India is expected to intervene further to support the rupee.

15 days ago

social demographic · sports

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Indian banks mobilise $20.7 billion under RBI's special incentive window

S6

In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve Bank of India. Out of this amount, Foreign Currency Non-Resident Deposits accounted for $17.41 billion. Meanwhile, External Commercial Borrowings contributed $1.34 billion, and Overseas Foreign Currency Borrowings brought in an additional $1.97 billion, enhancing the country’s economic standing.

15 days ago

social demographic · culture

📌

Tanker hit off the coast of Oman, UK maritime agency says

S6

Tanker hit off the coast of Oman, UK maritime agency says An unknown projectile struck a tanker eight nautical miles north east of Oman's Limah, the UK Maritime Trade Operations (UKMTO) agency said. According to the statement, the UKMTO said it "received multiple reports that a tanker... has been struck by an unknown projectile in the Strait of Hormuz".

15 days ago
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