A mainland Chinese firm has secured the tender to build a supercomputing centre in Hong Kong’s Northern Metropolis as the sole bidder, agreeing to pay a premium of HK$581 million (US$74.25 million) and boost the city’s computing power 36-fold. Unveiling details of the plan on Monday, Secretary for Innovation, Technology and Industry Sun Dong said…
Silver edged higher as markets reacted to escalating tensions in Middle East, with US-Israel-Iran conflict driving aggressive safe-haven flows. Prices surged to an intraday high above 96 before easing slightly as traders locked in partial profits. Despite intraday consolidation, underlying bid remains intact as war premium continues to underpin precious metals. For now, further gains…
Netflix and Paramount drew widespread media scrutiny when they entered the bidding war to acquire Warner Bros. Discovery‘s assets. The war recently concluded when the former stepped down and refused to match or outbid Paramount’s latest and final bid, which WB found more appealing than Netflix’s offer, resulting in Paramount’s victory. The streaming giant’s CEO,…
Palantir Technologies (PLTR +0.92%) shares have advanced 2,000% since January 2023, recording triple-digit returns in each of the last three years. But the stock has trended lower in 2026. It currently trades 34% below its record high despite the company reporting strong financial results in early February. However, Wall Street analysts covering Palantir generally think…
I watched quite a bit of German and Italian football this weekend; Der Klassiker was particularly superb. Celtic v Rangers was an open game of two halves and Inter Milan’s 2-0 win was close for a while. Later, Roma v Juventus was an exciting 3-3. I also watched the Arsenal v Chelsea match (16 Conclusions…
Liberty, part of Liberty Mutual Insurance Group, a property and casualty insurer, has appointed Cynthia Sze as Chief Executive Officer (CEO), Hong Kong, effective May 2026, subject to regulatory approval. Liberty’s Hong Kong entity will be unified following the integration of its operations under a single licence, proposed to go into effect on April 1st,…
Key Points Quarterly-filed Form 13Fs offer a way for investors to track which stocks Wall Street’s smartest money managers are buying and selling. AI superstar Nvidia has been checking off all the right boxes for billionaire Dan Loeb. Meanwhile, Third Point’s chief investor sent another trillion-dollar stock packing — and profit-taking might not explain the…
A person holds a sign saying “Raise your voice: Vote” at a creator event for BOLD Democrats, a Hispanic PAC, in Houston on Feb. 17. Democrats think they may have a chance to sway Latino voters who supported President Trump two years ago. Elizabeth Conley/Houston Chronicle via Getty Images hide caption toggle caption Elizabeth Conley/Houston…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hongkongers should brace for cooler and rainy weather on Tuesday as temperatures are expected to drop progressively to as low as 16 degrees Celsius (61 Fahrenheit) as a cold front approaches, according to the…
TLDR Chinese EV sales dropped sharply in February, with BYD down 41% and XPeng down 50% year-over-year. NIO, Li Auto, and XPeng combined for their worst monthly sales since January 2023. Tesla sold about 631,000 cars in China in 2025, down 4% — its first annual decline there. Tesla stock is up 37% over 12…