After nearly a year waiting to meet US President Donald Trump, Australian Prime Minister Anthony Albanese sought to argue his country’s strategic value Monday – only for the “America first” leader to dominate the encounter by opining that Beijing had no plans to invade Taiwan and posed no real threat in the Indo-Pacific. “China doesn’t…
A wartime bomb unearthed in Hong Kong’s Quarry Bay neighbourhood was “very likely” to have been dropped by the US military on April 2, 1945, with its explosive power “practically intact” because of high production standards, experts have said. The 1,000lb (454kg) bomb that included 227kg of TNT explosives was found on Friday at a…
Hong Kong’s jobless rate remained at 3.7 per cent between June and August, as the city’s food and beverage and manufacturing sectors continued to struggle. Preliminary data released by the Census and Statistics Department on Tuesday also showed that the number of unemployed grew by about 6,000 to 151,000 between June and August from the…
You’re trying to watch KPop Demon Hunters on Netflix for the 10th time and relax before bed. Then you get the push notification: “Trump says he’s firing a Fed governor.” This is tough news to process so late in the evening. You want to finish the movie, but now you’re worried about your money. Is…
Earlier this year, the “Sell America” trade was in full force. It can be argued that the peak of the movement came in April and May, after President Trump’s infamous “Liberation Day,” and as Moody’s downgraded the US’s credit rating. The yield on the 30-year Treasury bond surged above 5% as foreign investors dumped US…
If you’ve been building up a big cash reserve over the last few years, you’re not alone. You’re also probably not alone in wishing you’d had the money in stocks. Cash has generated meaningful yields since 2022 after the Federal Reserve went on a rate-hike spree, drawing record amounts into money market funds. The total…
2025-07-28T15:35:37Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Morgan Stanley says that…
Mike Wilson sees the S&P 500 hitting 6,500 by year-end, but the path to new all-time highs will be choppy. Morgan Stanley’s chief investment officer told Bloomberg TV on Thursday that he expects tariff volatility to ramp up in the third quarter, potentially sparking pullbacks of 5% to 10%. Investors shouldn’t be worried, though. Wilson thinks any…
Patients requiring Covid-19 oral antiviral drugs from private doctors in Hong Kong will have to pay about HK$7,000 (US$892) for a course of treatment, with the government saying it will stop providing the medication for free as the pandemic has subsided. The Centre for Health Protection said on Thursday that the provision of free drugs…
Hong Kong’s new police chief has underscored the importance of unity in the 27,000-strong force at his first passing-out parade inspection, while revealing that recruitment has risen significantly since entry requirements were eased three years ago. Commissioner of Police Joe Chow Yat-ming said after the parade on Saturday, which marked the admission of 43 probationary…