During that meeting, the president also urged Gulf nations to sign on to the Abraham Accords to normalise relations with Israel, which launched the war with the US on 28 February and is also embroiled in a war with Iranian-backed Hezbollah in Lebanon.
During that meeting, the president also urged Gulf nations to sign on to the Abraham Accords to normalise relations with Israel, which launched the war with the US on 28 February and is also embroiled in a war with Iranian-backed Hezbollah in Lebanon.
May 28, 2026 NEW DELHI – Taiwan’s stock market has overtaken India in terms of valuation to become the fifth largest in the world. The rally was primarily driven by the world’s largest chipmaker, Taiwan Semiconductor Manufacturing Company. Taiwan’s market capitalisation climbed to $4.95 trillion, while India’s market value declined to $4.92 trillion. Taiwan’s stock market now ranks behind only the...
May 28, 2026 NEW DELHI – Taiwan’s stock market has overtaken India in terms of valuation to become the fifth largest in the world. The rally was primarily driven by the world’s largest chipmaker, Taiwan Semiconductor Manufacturing Company. Taiwan’s market capitalisation climbed to $4.95 trillion, while India’s market value declined to $4.92 trillion. Taiwan’s stock market now ranks behind only the United States, mainland China, Japan, and Hong Kong. The surge reflects strong investor confidence in Taiwan’s semiconductor ecosystem. TSMC now accounts for about 42 per cent of the benchmark index, highlighting significant market concentration. TSMC shares have rallied 49 per cent this year, benefiting from the global boom in Artificial Intelligence, where its semiconductors hold a dominant market position. The sharp rise in market value underscores growing optimism around AI, which has triggered a global rally in technology stocks, disproportionately benefiting manufacturing hubs such as Taiwan and South Korea. Taiwan has also introduced new regulations favouring TSMC. The country’s financial regulator has increased the investment limit for domestic funds in a single stock. Under the revised regulation, funds investing exclusively in Taiwanese equities can now hold up to 25 per cent of their net assets in any listed company whose weighting exceeds 10 per cent in the Taiwan Stock Exchange. Earlier, the limit stood at 10 per cent. Foreign institutional investors have also shifted part of their allocations towards global AI-related opportunities. Recently, brokerage firm Elara Capital stated in a report that early signs are emerging that the global investor rush into AI and commodity trades may be losing momentum, while foreign fund outflows from India have started to moderate. According to the report, foreign investor funds had largely shifted towards markets such as South Korea and Taiwan since April 2025 to capitalise on the AI boom, while Brazil benefited from the comm...
(RTTNews) - The Australian stock market is significantly lower on Wednesday, giving up the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 7,200 level, following the broadly negative cues overnight from Wall Street, after Australia confirmed the first case of the Omicron variant, stoking fears of new restrictions. The doubts that existing vaccines will be less effec...
(RTTNews) - The Australian stock market is significantly lower on Wednesday, giving up the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 7,200 level, following the broadly negative cues overnight from Wall Street, after Australia confirmed the first case of the Omicron variant, stoking fears of new restrictions. The doubts that existing vaccines will be less effective against the Omicron also weighed on sentiment. U.S. Federal Reserve Chairman Jerome Powell's comments that the recent surge in new Covid-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity as well as increased uncertainty for inflation also added to the woes. The benchmark S&P/ASX 200 Index is losing 64.00 points or 0.88 percent to 7,192.00, after hitting a low of 7,183.40 earlier. The broader All Ordinaries Index is down 71.40 points or 0.94 percent to 7,516.00. Australian stocks ended slightly higher on Tuesday. Among major miners, BHP Group is edging up 0.2 percent and Rio Tinto is gaining almost 1 percent, while OZ Minerals and Fortescue are flat. Mineral Resources is losing more than 2 percent. Oil stocks are mostly lower. Woodside Petroleum is losing almost 1 percent and Santos is down more than 1 percent, while Origin Energy and Beach energy are declining more than 2 percent each. Oil Search is rising almost 2 percent. In the tech space, WiseTech Global is losing almost 2 percent, Xero is down almost 1 percent and Afterpay is declining almost 2 percent, while Appen is gaining more than 1 percent. Among the big four banks, ANZ Banking is losing almost 1 percent, while National Australia Bank, Westpac and Commonwealth Bank are edging down 0.3 percent each. Among gold miners, Newcrest Mining is declining almost 2 percent and Gold Road Resources is losing more than 2 percent, while Evolution Mining and Northern Star Resources are edging down 0.5 percent each. Resolute Mining is edging up 0.5 percent. The views an...
The US military carried out new strikes overnight in Iran targeting a military site and shooting down four Iranian one-way attack drones that posed a threat around the Strait of Hormuz, a US official said on Wednesday. The official, who spoke on condition of anonymity, said the military site that was struck was an Iranian ground control station in Iran’s Bandar Abbas that was about to launch a f...
The US military carried out new strikes overnight in Iran targeting a military site and shooting down four Iranian one-way attack drones that posed a threat around the Strait of Hormuz, a US official said on Wednesday. The official, who spoke on condition of anonymity, said the military site that was struck was an Iranian ground control station in Iran’s Bandar Abbas that was about to launch a fifth drone. The US military strikes came during negotiations to end a three-month-old war that has killed thousands and sent global energy prices sharply higher since it began on February 28 with US and Israeli attacks. Advertisement “These actions were measured, purely defensive, and intended to maintain the ceasefire,” the official said. US President Donald Trump earlier on Wednesday dismissed a Iranian state media report that Iran and Oman would jointly manage shipping through the Strait of Hormuz as part of a peace deal. Trump said the waterway would remain open. Advertisement The US last carried out what it called defensive strikes against Iran on Monday, in what Iran called a violation of the countries’ fragile ceasefire.
葵盛西邨食水管爆裂 五座樓、月海灣停水 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】葵盛西邨有食水管爆裂，五座樓及一個私人屋苑暫停食水供應。 葵盛西邨停車場對開一條直徑200毫米地底食水管早上八時許爆裂，食水夾...
葵盛西邨食水管爆裂 五座樓、月海灣停水 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】葵盛西邨有食水管爆裂，五座樓及一個私人屋苑暫停食水供應。 葵盛西邨停車場對開一條直徑200毫米地底食水管早上八時許爆裂，食水夾雜沙泥沖出路面，影響範圍30米乘30米。由於引致路陷，一輛重型貨車被困卡著，水務署派員關總掣搶修。葵盛西邨6至10座、葵盛西邨商場以及私人屋苑月海灣暫停食水供應，水務署已派出水車和放置水箱臨時供水。
華東華南持續炎熱 南方電網電力負荷創新高 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】華東華南天氣持續炎熱，南方電網電力負荷刷新歷史最高紀錄。 南方近日受到熱浪侵襲，廈門最高氣溫達到40.3度，是今年首個高溫日...
華東華南持續炎熱 南方電網電力負荷創新高 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】華東華南天氣持續炎熱，南方電網電力負荷刷新歷史最高紀錄。 南方近日受到熱浪侵襲，廈門最高氣溫達到40.3度，是今年首個高溫日，較去年提前一個多月出現。政府派出水車向地面灑水降溫，廣州這數天體感溫度高達47度。面對高溫來襲，當地避暑庇護場所24小時開放。海南發布高溫預警，海口等10縣市大部分鄉鎮平均氣溫超過37度，中午地面溫度更超過50度。南方電網電力負荷連續三日創新高，已全面啟動「夏季保供」模式。除了冷氣機等電器較往常早啟用，新能源汽車充電亦成為晚上用電主力，服務業、夜間經濟和家庭用電所佔比例越來越大。
Tucked between a tiny restaurant and a small supermarket on Auckland’s colourful Karangahape Road, a laundromat doubling as a music installation offers customers a chance to listen to tunes while their washing completes a cycle. It is the work of 34-year-old Auckland musician Jefferson Chen and artist Quentin Lind, 32. The pair chose a laundromat – rather than a gallery or online – to share their ...
Tucked between a tiny restaurant and a small supermarket on Auckland’s colourful Karangahape Road, a laundromat doubling as a music installation offers customers a chance to listen to tunes while their washing completes a cycle. It is the work of 34-year-old Auckland musician Jefferson Chen and artist Quentin Lind, 32. The pair chose a laundromat – rather than a gallery or online – to share their music while also serving another function: bringing together people from different walks of life. “It’s really easy to exist online and not have these connections, and we’re also slowly losing our public spaces,” Lind tells the Guardian. Getting people together is a topic of increasing concern in New Zealand, where social cohesion is fraying across every key measure. A report on cohesion that the Helen Clark Foundation released in May found financial stress, falling trust in government, and rising isolation are driving growing disconnection across the country of 5.3 million people. The co-author, economist Shamubeel Eaqub, says New Zealand is not yet polarised, but warns it is becoming “fractured”. “When we have a fractured society, it’s hard for us to be able to meet across difference and to make decisions that last the distance,” he says. View image in fullscreen Jefferson Chen and Quentin Lind in front of their studio in the Lim Chhour food court on Karangahape Road, central Auckland. Photograph: Becki Moss/The Guardian The report tracked attitudes in 2025 and compared them to results from a year earlier. The Guardian analysed a regional breakdown of the results, which revealed stark differences in the way New Zealand communities are experiencing life. Four of the main issues were cost of living, falling trust in government, isolation and rising anti-immigrant attitudes. But there are glimmers of hope. Younger New Zealanders, between the ages of 18 and 35, feel far more optimistic about social cohesion than older generations. Economic hardship in the far north Northland,...
Chinese imports of crude oil are set to drop to levels not seen since the pandemic, as the war in Iran reveals the extent to which demand has disappeared and may not be coming back. Inbound shipments could fall to an average of 10.9 million barrels a day this year, according to London-based consultancy Energy Aspects Ltd. That would be the weakest since 2022, when the economy was stricken by lockd...
Chinese imports of crude oil are set to drop to levels not seen since the pandemic, as the war in Iran reveals the extent to which demand has disappeared and may not be coming back. Inbound shipments could fall to an average of 10.9 million barrels a day this year, according to London-based consultancy Energy Aspects Ltd. That would be the weakest since 2022, when the economy was stricken by lockdowns to prevent the spread of Covid-19. China’s daily imports averaged 11.6 million barrels in 2025, a figure inflated by the government’s drive to buttress energy security by hoarding crude. Tehran’s chokehold on the Strait of Hormuz caused imports to drop steeply in April to the lowest since July 2022. But compared to other big oil importers, the country has weathered the shock exceptionally well, primarily by cutting refinery runs and curbing product exports without needing to scout for alternative barrels. China’s muted demand marks a sharp shift for global markets. Over the past two years, its aggressive stockpiling absorbed much of the world’s surplus oil and helped support prices. But with Brent crude largely holding above $100 a barrel since the US and Israel first struck Iran, China no longer has the appetite. Transport in the country is increasingly electric, and its vast refining and petrochemicals industries simply have too much capacity relative to demand. “Last year, almost all of China’s growth in crude oil imports came from stock-building,” said Erica Downs, a senior research scholar at Columbia University’s Center on Global Energy Policy. “Combined with the plateauing, if not peaking, of gasoline demand, this suggests that the era in which China was the most important driver of global oil demand growth is coming to a close.” Traders say Chinese demand for Saudi barrels , including those that can bypass Hormuz, has fallen sharply, and buyers are unusually relaxed about finding alternatives, even as the conflict verges on its fourth month. Earlier this week, ...