Hong Kong’s economy expanded at its fastest pace in almost five years, as old growth drivers like tourism and retail spending cushioned the blow from the global energy crisis caused by the war in Iran. Gross domestic product grew 5.9% in the first quarter from a year earlier, according to an advance estimate released on Tuesday by the city’s Census and Statistics Department. The figure exceeded th...
Hong Kong’s economy expanded at its fastest pace in almost five years, as old growth drivers like tourism and retail spending cushioned the blow from the global energy crisis caused by the war in Iran. Gross domestic product grew 5.9% in the first quarter from a year earlier, according to an advance estimate released on Tuesday by the city’s Census and Statistics Department. The figure exceeded the forecasts of all economists in a Bloomberg survey, whose median was 3.5%, and marked an acceleration from 4% in the final three months of 2025. The pickup was driven by strong global demand for artificial intelligence-related electronics, a government spokesperson said in a statement. “Looking ahead, Hong Kong’s economic growth outlook remains positive,” the person said while warning of “persistent tensions in the Middle East” as downside risks to the economic outlook. As the conflict in the Middle East upends markets and global supply chains, Hong Kong has leaned on the traditional pillars of its economy such as tourism. Asia’s financial hub imports nearly all of its energy and relies on fossil fuels for power generation, making it vulnerable to the historic oil shock triggered by the war.
‘Russia could cease fire at any moment, and this would stop the war,’ Volodymyr Zelenskyy said in sharp criticism of Putin Ukraine’s president Volodymyr Zelenskyy has criticised Russia’s “utter cynicism” of launching more attacks on Ukraine while also calling for a short ceasefire enabling it to stage its 9 May Victory Parade in Moscow. In a post on X condemning the latest series of attacks, he sa...
‘Russia could cease fire at any moment, and this would stop the war,’ Volodymyr Zelenskyy said in sharp criticism of Putin Ukraine’s president Volodymyr Zelenskyy has criticised Russia’s “utter cynicism” of launching more attacks on Ukraine while also calling for a short ceasefire enabling it to stage its 9 May Victory Parade in Moscow. In a post on X condemning the latest series of attacks, he said : “It is time for Russian leaders to take real steps to end their war, especially since Russia’s defence ministry believes it cannot hold a parade in Moscow without Ukraine’s goodwill.” Continue reading...
HSBC Holdings on Tuesday said it’s made a big push into digital assets, including a tokenized gold product that’s already seen $1 billion in value traded, as the bank’s stock slumped on unexpectedly high provisions.
HSBC Holdings on Tuesday said it’s made a big push into digital assets, including a tokenized gold product that’s already seen $1 billion in value traded, as the bank’s stock slumped on unexpectedly high provisions.
Thailand on Tuesday cancelled a long-standing agreement with Cambodia to work towards joint offshore energy exploration, Thailand’s prime minister said, defying calls from its neighbour to stay the course on the 25-year-old pact. The Thai cabinet’s cancellation of the 2001 agreement, which seeks to develop a framework to jointly explore hydrocarbons in parts of the Gulf of Thailand where the c...
Thailand on Tuesday cancelled a long-standing agreement with Cambodia to work towards joint offshore energy exploration, Thailand’s prime minister said, defying calls from its neighbour to stay the course on the 25-year-old pact. The Thai cabinet’s cancellation of the 2001 agreement, which seeks to develop a framework to jointly explore hydrocarbons in parts of the Gulf of Thailand where the claims of Thailand and Cambodia overlap, had long been expected and follows two rounds of armed...
The prime minister said the attack in Golders Green is ‘part of a pattern of rising antisemitism’ in the country The next Scottish government will need to make “really difficult” spending decisions soon after taking power, including tackling its large public sector pay bill, senior economists have said. Severin Carrell has the story. Steve Reed , the environment secretary, has been giving intervie...
The prime minister said the attack in Golders Green is ‘part of a pattern of rising antisemitism’ in the country The next Scottish government will need to make “really difficult” spending decisions soon after taking power, including tackling its large public sector pay bill, senior economists have said. Severin Carrell has the story. Steve Reed , the environment secretary, has been giving interviews this morning. As well as promoting the (small) funding announcement for councils dealing with antisemitism (see 8.41am ), he has also been reviving the Labour attack on the Green party over their handling of antisemitism in their party (see 9.16am ). We need the Green party to do what the Labour Party did and kick out members of their party who are openly antisemitic. In my borough, where my constituency is, two Green Party candidates have been arrested for allegations of stirring up racial hatred. Instead of condemning them, the Green party has put out a letter saying that the Labour party is spreading cynical misinformation. Continue reading...
Photo: VCG On International Workers’ Day, it is time to fundamentally rethink our definition of labor. The continuation and development of human society depend on two main types of work: the production of material goods and the raising of children. While modern economies have mastered the former, they are failing spectacularly at the latter. Without a new generation to inherit our wealth and drive...
Photo: VCG On International Workers’ Day, it is time to fundamentally rethink our definition of labor. The continuation and development of human society depend on two main types of work: the production of material goods and the raising of children. While modern economies have mastered the former, they are failing spectacularly at the latter. Without a new generation to inherit our wealth and drive future innovation, even the most prosperous society will face irreversible decline.
(RTTNews) - FLSmidth & Co. A/S (FLS.CO, FLIDF), an engineering company, on Tuesday announced that it has been awarded contracts worth approximately DKK 300 million to supply key technologies for a Banded Hematite Quartzite iron ore beneficiation project in South Asia.
(RTTNews) - FLSmidth & Co. A/S (FLS.CO, FLIDF), an engineering company, on Tuesday announced that it has been awarded contracts worth approximately DKK 300 million to supply key technologies for a Banded Hematite Quartzite iron ore beneficiation project in South Asia.
When it comes to artificial intelligence, the United States still dominates the headlines – and, by most conventional measures, the technology itself. American institutions continue to produce a large share of high-impact AI research, and private investment reached over US$109 billion in 2024, nearly 12 times China’s total, according to the Stanford Institute for Human-Centred AI. At the same time...
When it comes to artificial intelligence, the United States still dominates the headlines – and, by most conventional measures, the technology itself. American institutions continue to produce a large share of high-impact AI research, and private investment reached over US$109 billion in 2024, nearly 12 times China’s total, according to the Stanford Institute for Human-Centred AI. At the same time, the economics of AI are rapidly improving. Training and deployment costs have fallen dramatically...