Hong Kong’s Correctional Services Department has launched exchange tours to mainland China for former young offenders convicted of crimes related to the 2019 social unrest to boost their understanding of national development and culture. Rounding up the department’s work over the past year, Commissioner for Correctional Services Wong Kwok-hing said on Monday that Project PATH, a rehabilitation pro...
Hong Kong’s Correctional Services Department has launched exchange tours to mainland China for former young offenders convicted of crimes related to the 2019 social unrest to boost their understanding of national development and culture. Rounding up the department’s work over the past year, Commissioner for Correctional Services Wong Kwok-hing said on Monday that Project PATH, a rehabilitation programme for offenders jailed for 2019 protest-related activities, would be extended to cover those...
Amid intensifying competition among Chinese electric-vehicle makers last year, inexpensive models from Geely Auto and Wuling Motor Holdings topped the sales chart, surpassing higher priced cars from BYD and Tesla. Geely sold more than 459,000 units of the Xingyuan EV, priced between 68,800 yuan (US$9,960) and 98,800 yuan, in 2025, versus 52,570 a year earlier, according to a list of the top-sellin...
Amid intensifying competition among Chinese electric-vehicle makers last year, inexpensive models from Geely Auto and Wuling Motor Holdings topped the sales chart, surpassing higher priced cars from BYD and Tesla. Geely sold more than 459,000 units of the Xingyuan EV, priced between 68,800 yuan (US$9,960) and 98,800 yuan, in 2025, versus 52,570 a year earlier, according to a list of the top-selling EV models on the mainland compiled by a unit under the state-owned China Automotive Technology and...
(RTTNews) - Weak sentiment prevails in the German stock market as traders evaluated the potential turbulence in the trade tariff environment following the U.S. Supreme Court's ruling and the fresh temporary levy of 15 percent imposed by the Trump regime. Sentiment remained downbe
(RTTNews) - Weak sentiment prevails in the German stock market as traders evaluated the potential turbulence in the trade tariff environment following the U.S. Supreme Court's ruling and the fresh temporary levy of 15 percent imposed by the Trump regime. Sentiment remained downbe
South-western France could hit 25C, while a powerful Nor’easter is forecast to bring blizzards to Boston Europe live – latest updates An early taste of spring is on the way for millions across northern and western Europe this week. Temperatures could climb close to a near record-breaking 20C (68F) in parts of Belgium, Germany, Luxembourg and the Netherlands, with south-western France approaching 2...
South-western France could hit 25C, while a powerful Nor’easter is forecast to bring blizzards to Boston Europe live – latest updates An early taste of spring is on the way for millions across northern and western Europe this week. Temperatures could climb close to a near record-breaking 20C (68F) in parts of Belgium, Germany, Luxembourg and the Netherlands, with south-western France approaching 25C on Wednesday. The warmth is being driven by a highly amplified synoptic pattern, featuring a region of low pressure over the Atlantic and strong high pressure over central Europe. The setup will allow exceptionally mild air to spread across much of the continent, with temperatures in some places rising to 10-15C above the seasonal average. Continue reading...
luchezar/iStock via Getty Images Up until 2025, technology investing mainly focused on software companies. Investors clamored after SaaS stocks that offered recurring revenue and plenty of feature differentiation, enabling productivity and automation across various use cases. The AI revolution, however, has turned that trend upside down. Software stocks are now among the most sold-off groups as in...
luchezar/iStock via Getty Images Up until 2025, technology investing mainly focused on software companies. Investors clamored after SaaS stocks that offered recurring revenue and plenty of feature differentiation, enabling productivity and automation across various use cases. The AI revolution, however, has turned that trend upside down. Software stocks are now among the most sold-off groups as investors fear disruption from agentic AI, while the semiconductor/chip stocks that were once thought to be commodity products have become the hottest trades. Seagate ( STX ), one of the core providers of hard drive (HDD) and storage technology alongside major rival Western Digital ( WDC ), has been a major beneficiary of this trend. The stock has roughly quadrupled over the past year, with the rally showing no signs of a letdown. Recently, in late January, Seagate reported fiscal Q2 (December quarter) results that sparked yet another rally. Data by YCharts I last wrote a sell article on Seagate in January, when the stock was trading just shy of $350 per share. Since then, Seagate has crept incrementally higher and added to its unsustainable valuation premiums, even though the business’ prospects are essentially locked to supply through 2028. Amid an expensive batch of semiconductor stocks, Seagate remains among the most unreasonably valued, and I’m reiterating my sell rating here. To me, there are a number of red flags that investors need to be aware of here that cement my bearish outlook for the company: Seagate’s supply is essentially sold out through calendar year 2027. While being sold out is usually a good thing in many industries, in the context of an expensive growth stock, what this means is that Seagate has capped upside. It can’t fully participate in the AI demand boom, and it will cede some of the lift to rivals like Western Digital and Sandisk ( SNDK ), which are also facing supply constraints. With limited upside, we also think that high P/E premiums also can’t ...
Wang Fuk Court in Tai Po, Hong Kong, on Feb. 4, 2026. Photo: VCG The Hong Kong government announced plans to acquire seven residential towers severely damaged by a deadly fire for approximately HK$6.8 billion ($874 million), offering displaced owners a premium buyout to permanently resettle them. Unveiled on Saturday, the proposal covers 1,736 units in Wang Fuk Court, where a catastrophic blaze in...
Wang Fuk Court in Tai Po, Hong Kong, on Feb. 4, 2026. Photo: VCG The Hong Kong government announced plans to acquire seven residential towers severely damaged by a deadly fire for approximately HK$6.8 billion ($874 million), offering displaced owners a premium buyout to permanently resettle them. Unveiled on Saturday, the proposal covers 1,736 units in Wang Fuk Court, where a catastrophic blaze in November 2025 left the structures uninhabitable. The acquisition marks an exceptional intervention following one of the city’s deadliest disasters , which claimed 168 lives and displaced more than 4,000 residents, prompting authorities to demolish the site rather than attempt repairs.
The continued drain of personnel from the already strained immigration court system has contributed to depleted staff morale, mounting case backlogs — and floundering due process. (Image credit: Joe Raedle)
The continued drain of personnel from the already strained immigration court system has contributed to depleted staff morale, mounting case backlogs — and floundering due process. (Image credit: Joe Raedle)
Finance campaigner marches on to set and tells Tory leader her policy to cut interest rates will only help top earners Kemi Badenoch has faced what could be described as the stuff of nightmares for a UK politician being interviewed about a personal finance policy: being ambushed and contradicted live on air by Martin Lewis. As the Conservative leader was being interviewed on ITV about her party’s ...
Finance campaigner marches on to set and tells Tory leader her policy to cut interest rates will only help top earners Kemi Badenoch has faced what could be described as the stuff of nightmares for a UK politician being interviewed about a personal finance policy: being ambushed and contradicted live on air by Martin Lewis. As the Conservative leader was being interviewed on ITV about her party’s plans to cut interest rates for some student loans, Lewis, the campaigner and finance expert, marched on to the set to announce that he completely disagreed. Continue reading...
For all the forces driving the US stock market — from AI to fresh uncertainty on tariffs to geopolitical angst — the health of the American consumer remains a key determinant for whether the S&P 500 Index will break out of its recent range. The problem is, getting a read on how she’s doing isn’t that easy. Sentiment surveys have shown gloom for months, while spending and income data continue to sh...
For all the forces driving the US stock market — from AI to fresh uncertainty on tariffs to geopolitical angst — the health of the American consumer remains a key determinant for whether the S&P 500 Index will break out of its recent range. The problem is, getting a read on how she’s doing isn’t that easy. Sentiment surveys have shown gloom for months, while spending and income data continue to show strength. Some of that owes to the bifurcation in society, with well-off Americans benefiting from strong investment portfolios and home values driving spending while lower-end consumers struggle. That’s got Wall Street pros looking for any edge on how to gauge the consumer and what it means for the market. Jim Paulsen , an investment industry veteran and Substack writer , has landed on a somewhat quirky barometer, called the Poor-Rich Indicator, that shows signs of worry among the top-end consumer. The gap between how wealthy households feel about the economy compared with lower-income households is starting to narrow. When that has happened in the past five years, the short-term move for US stocks has always been higher, Paulsen said. The reason, he suggests, is that policymakers, whether at the Federal Reserve or elsewhere in Washington, become more likely to take action to support economic growth. “It is a contrarian indicator, but it’s got real teeth, because it suggests that more and more people are altering their behaviors and their attitudes, and then that does bring change,” Paulsen said in an interview. If multimillionaire households show some worry, “policy officials step up a little bit more, and the public accepts greater stimulus.” Paulsen’s gauge combines survey data from Morning Consult on economic confidence among lower-income versus higher-income households with the relative performance of Walmart Inc. shares against a luxury retail index — effectively measuring whether sentiment is improving faster among the lower-end consumer than the higher-end. “In ...
A powerful blizzard has isolated New York City and hobbled transport networks, threatening to be among the worst on record. Major snowfall of as much as 30 inches is expected across the East Coast in some areas, the National Weather Service said. More than 5,300 flights in, out or within the US were scrapped at the start of the week, according to FlightAware as of 2 a.m. New York time. ABC News Re...
A powerful blizzard has isolated New York City and hobbled transport networks, threatening to be among the worst on record. Major snowfall of as much as 30 inches is expected across the East Coast in some areas, the National Weather Service said. More than 5,300 flights in, out or within the US were scrapped at the start of the week, according to FlightAware as of 2 a.m. New York time. ABC News Reporter Lionel Moise breaks down the situation on Bloomberg Television. (Source: Bloomberg)