China’s stock markets slumped after a 10-day rally that was driven by Beijing’s stimulus announcement in September. Investors were disappointed when a hyped-up Chinese government press briefing failed to deliver more stimulus. Retail investors dominate China’s markets, influencing sentiment and market movements. Thanks for signing up! Access your favorite topics in a personalized feed while…
OpenAI just secured $6.6 billion in its latest funding round. The company asked investors not to back its rivals like Elon Musk’s xAI, per Reuters. Musk, who is in an ongoing feud with OpenAI, called the company “evil.” Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
Hong Kong police were called to disperse angry and disappointed railway fans after a carnival celebrating the 45th anniversary of the MTR Corporation closed admissions and implemented crowd control measures amid high foot traffic. The railway giant said admissions to the “Chill Fun Trainival” at Central Harbourfront were closed at around 7.45pm on Friday, saying…
The Hong Kong Observatory raised the amber rainstorm warning for two hours on Tuesday evening, with heavy downpours cutting short Mid-Autumn Festival celebrations for some. The alert, in force between 9.50pm and 11.50pm, signifies that heavy rain exceeding 30mm (1.2 inches) in an hour has fallen or is expected to fall generally over the city…
Hong Kong flag carrier Cathay Pacific Airways has axed another 22 flights over an engine component failure uncovered in its Airbus A350 fleet, bringing the number of cancellations this week to 90. Confirming the Post’s report, the airline said 22 flights would be cancelled between Thursday and Saturday, and no further cuts were expected. The…