Hong Kong’s Mandatory Provident Fund (MPF) is poised to report a loss of over HK$100 billion (US$12.8 billion) for March this week, its worst monthly loss in dollar terms since its inception 25 years ago. The sharp fall in global stock markets last month hit the MPF hard, while the uncertainties ahead stemming from the…
US President Donald Trump said on Monday he would push the journalist who first reported the rescue of an airman in Iran to reveal their source and also warned that they could face jail if they refused. Trump said the report had put the ongoing effort to recover the second airman at risk, although that…
Donald Trump is facing growing scrutiny over his health. Doctor raises dementia concerns as Trump’s Iran post sparks backlash. (Reuters) The issue began on Easter Sunday when Donald Trump posted a message on Truth Social that included strong language and a threat toward Iran. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped…
Iran’s foreign minister Abbas Araghchi on Saturday said his country never refused mediation talks in Islamabad, after reports emerged that the initiative to facilitate talks by Pakistan had run into an obstacle. Earlier, claims surfaced suggesting that while some progress has been made, the momentum has slowed down due to the absence of a response…
After reports emerged that two US warplanes were shot down by the Iranian military on Friday, President Donald Trump, in first reaction, ruled out the possibility of the downing affecting negotiations. The US officials, as cited by Reuters, confirmed that two fighter jets, an F-15 and an A-10 Warthog, were downed in Iran. US President…
Amid ongoing disruptions in the Strait of Hormuz, Iran has signalled expanding focus to another key global shipping route, the Bab el-Mandeb or Bab al-Mandab strait, heightening concerns over supply chains and energy flows. A satellite image shows Bab el-Mandeb Strait off the coast of Yemen, February 27, 2026. (via REUTERS) The remarks by Iranian…
The US-Iran war in West Asia has not just caused an oil and gas supply crisis and sent energy prices soaring amid a near closure of the Strait of Hormuz, but it has also affected items products made from plastic and glass. The conflict has unsettled the global plastics and glass market, as disruptions in…
Iran has claimed that it shot down a second US F-35 fighter jet over central parts of the country, according to a report by Mehr news agency, says Reuters. The agency also said that survival of the pilot is unlikely. An F-35 fighter jet flies over Evenes air base. (Representational) (REUTERS) Iran also fired missiles…
Iran on Wednesday rejected statements made by United States President Donald Trump regarding a ceasefire. Trump said he had replied that he would consider a ceasefire if the Strait of Hormuz was “open, free and clear.” (AFP) Iran’s foreign ministry spokesperson said Trump’s remarks claiming Tehran requested for a ceasefire were “false and baseless”, Reuters…
As the US-Iran war continues, the State Department has revised its travel advisories to caution Americans regarding destinations to avoid. Americans are advised to avoid Iran and other Level 4 countries, including Afghanistan and Russia, amid concerns over safety and potential violence. (Getty Images via AFP) Iran has been classified as a Level 4 “Do…