News
Swaths of California are seeing housing prices drop, thanks largely to the combination of increased inventory and sky-high interest rates. Even markets that are typically somewhat immune to general trends and consistently robust — like Mountain View and San Diego — have softened over the past year. But there are still plenty of places in…
A Hong Kong surfing coach claimed to be riding waves during Typhoon Wipha on Sunday, while the company he worked for advertised lessons with the tag line “the bigger the wave, the better it gets”. The decision to go into the water was called “absolutely ridiculous” by local surfers, with water sports banned in bad…
WASHINGTON Microsoft has said it is making sure that personnel based in China are not providing technical support for U.S. Defense Department systems, after investigative news site ProPublica revealed the practice. Pentagon chief Pete Hegseth confirmed that work on Defense Department cloud services had been outsourced to people in China, insisting that the country will…
A fire at Iran’s oldest and largest refinery in the southwest killed one person, state media reported Sunday. A leaky pump in an under-repair unit at Abadan refinery caused the fire on Saturday, killing a worker, according to the state-owned IRAN newspaper. Iran’s deputy parliament speaker, Ali Nikzad, confirmed Sunday that some workers were also…
MOSCOW (Reuters) -Russian President Vladimir Putin is ready to move toward a peace settlement for Ukraine but Moscow’s main objective is to achieve its goals, Kremlin spokesman Dmitry Peskov told state television in a clip published on Sunday. Peskov said that the world was now accustomed to U.S. President Donald Trump‘s sometimes “harsh” rhetoric but…
Poised to deliver his fourth policy address in September, Chief Executive John Lee Ka-chiu is gearing up to show that his administration is delivering on his “result-oriented” leadership. This may be the reason he revealed last month that the government was considering a new accountability system for senior officials. Lee seems to have started paving…
Nvidia may have been hit with a ‘new’ problem with resuming export of its AI chips to China. The US-based company, which was recently given a go-ahead to restart the sales of H20 AI chips to the region, has reportedly informed its Chinese customers of limited supplies for the chips. H20 is the most powerful…
At the age of 94 and currently in his last year as CEO of Berkshire Hathaway, it would be easy to view Warren Buffett as an old-fashioned investor. But you don’t become the best investor of all time by staying in the past. While Buffett always abides by a core set of investing principles that…
‘Tense calm’ reported in Sweida after withdrawal of Bedouin fighters The Reuters news agency has spoken to residents who say there is a “tense calm” in Sweida after the Islamist-led government declared that Bedouin fighters had withdrawn from the predominantly Druze city. Kenan Azzam, a dentist, told Reuters residents were still, however, struggling with a…
Hundreds of thousands of people in southern China have been evacuated and flights and trains cancelled as a result of Typhoon Wipha. The China Meteorological Administration issued an orange typhoon warning, the second highest level in the four-tier system, on Sunday, expecting Wipha to make landfall between Zhuhai and Zhanjiang in Guangdong province on Sunday…