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Fri, Jul 17, 2026 07:38 PM All times are UTC

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Hong Kong to Cut Spending by 7%, Invest in AI to Tackle Economic Challenges

Feb 26, 2025 06:39 am UTC| Economy Technology

Hong Kong is set to reduce public recurrent expenditure by 7% by 2027/28 to curb a rising deficit while making a major push into artificial intelligence (AI) to counter global economic uncertainty, geopolitical tensions,...

Hong Kong Eyes 2-3% Growth in 2025 Amid Fiscal Challenges and Market Uncertainty

Feb 26, 2025 06:39 am UTC| Economy

Hong Kongs economy is projected to expand between 2% and 3% in 2025, following a 2.5% growth rate in 2024, according to Financial Secretary Paul Chan. The forecast comes as authorities grapple with a widening fiscal...

Asian Stocks Slip as Trump’s Tariff Threats Rattle Markets, Hong Kong Tech Surges

Feb 26, 2025 06:39 am UTC| Economy

Most Asian stocks declined Wednesday as risk appetite waned following U.S. President Donald Trumps renewed tariff threats. Weak U.S. economic data also weighed on sentiment, while Hong Kong markets stood out with strong...

Oil Prices Rebound After Surprise U.S. Inventory Draw, But Economic Concerns Loom

Feb 26, 2025 06:21 am UTC| Economy

Oil prices rose in Asian trade on Wednesday, recovering some losses after U.S. industry data showed an unexpected decline in crude inventories. However, prices remained under pressure following weak economic signals from...

Dollar Slides as Weak U.S. Data and Trade Tensions Boost Safe-Haven Currencies

Feb 26, 2025 06:20 am UTC| Economy

The U.S. dollar hovered near an 11-week low on Wednesday, weighed down by falling short-term Treasury yields following weak economic data. Meanwhile, the yen strengthened as investors sought safety amid escalating trade...

Brazil’s Pará Governor Moves to Scrap Grain Tax After Farmer Backlash

Feb 26, 2025 06:19 am UTC| Politics Economy

Pará Governor Helder Barbalho announced plans to revoke a controversial grain tax set to take effect next month, responding to strong opposition from farmers. The tax would have imposed a 4.32 real ($0.75) charge...

Australia’s Inflation Eases in January, Boosting Hopes for RBA Rate Cuts

Feb 26, 2025 06:19 am UTC| Economy

Australias consumer prices dipped in January, offering relief to policymakers aiming to curb inflation. Data from the Australian Bureau of Statistics showed the monthly Consumer Price Index (CPI) fell 0.2% from December,...

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Economy

AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software

The explosive rally in AI semiconductor stocks is showing signs of cooling as investors question lofty valuations and whether the massive spending on artificial intelligence infrastructure can continue at its current pace....

Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand

Malaysias economy expanded by 5.8% year-on-year in the second quarter of 2026, outperforming market expectations and highlighting the countrys resilience despite ongoing geopolitical uncertainties. According to advance...

Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook

Japans core consumer inflation likely accelerated in June as higher energy prices and revised medical service fees offset easing food inflation, reinforcing expectations that the Bank of Japan (BOJ) could continue raising...

Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia

Japans Nikkei 225 tumbled more than 5% on Friday, falling to its lowest level since June 11 as a global selloff in artificial intelligence (AI) and semiconductor stocks intensified. The decline mirrored heavy overnight...

Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions

Asian stock markets ended mostly lower on Friday, led by a sharp decline in Japans Nikkei 225 as technology and semiconductor stocks extended a global selloff. Investor sentiment also remained under pressure amid...

Politics

Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech

President Donald Trump criticized ABC, NBC and CNN after the three major U.S. news organizations declined to air his prime-time address on their main television platforms, intensifying his long-running dispute with the...

Iran Launches Fresh Attacks on U.S. Bases as Strait of Hormuz Tensions Escalate

Iran launched new attacks on U.S. military facilities in the Gulf on Friday after the United States carried out a sixth straight night of strikes on Iranian military targets, deepening a conflict that has unraveled last...

US Military Completes Sixth Night of Iran Strikes as Conflict Escalates

The U.S. military said it completed a new wave of strikes on Iran late Thursday, marking the sixth consecutive night of operations ordered by President Donald Trump as tensions between Washington and Tehran continue to...

Nicaragua Cuts Diplomatic Ties With Italy Over Red Brigades Extradition Dispute

Nicaragua has officially severed diplomatic relations with Italy after a renewed dispute over the extradition of former Red Brigades militant Alessio Casimirri, intensifying a decades-long conflict tied to one of Italys...

North Korea Calls South Korea ‘Puppet’ After U.S.-Led RIMPAC Naval Exercise

North Korea sharply criticized South Korea on Friday, labeling Seoul a puppet after its participation in the U.S.-led Rim of the Pacific Exercise (RIMPAC), warning that Washington and Seoul would be responsible for any...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit

Swiss automation and machining systems manufacturer Mikron Group AG reported lower first-half 2026 results as weaker demand in its Automation and Machining businesses offset strong growth in its Tool division. Despite the...

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...

Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom

OpenAI CEO Sam Altman has publicly acknowledged that the company fell short of expectations over the past year, taking personal responsibility for its performance while outlining an ambitious vision for the future. In a...

Moonshot Launches Kimi K3, China's Largest Open-Source AI Model

Chinese artificial intelligence startup Moonshot has introduced Kimi K3, a new open-source AI model the company describes as the worlds largest of its kind, highlighting Chinas accelerating competition with leading U.S. AI...