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Luxury retailers relocating from HK to China:

French luxury conglomerate LVMH has dominated headlines recently as it reportedly looks to shift resources out of Hong Kong to focus more of its investment in other Chinese cities such as Shanghai, Chengdu, Guangzhou and Shenzhen. The news was first reported on Bloomberg, but the conglomerate has yet to respond to media requests for confirmation. Rather, the […]

UK urges China against attacking Taiwan, warns of global impact from conflict

Chinese President Xi Jinping. Reuters On Tuesday, Britain urged China against attacking Taiwan and warned Beijing that if it did not follow its international duties, it ran the risk of causing internal and worldwide unrest. Foreign Secretary James Cleverly said that London wants to see a “peaceful settlement” to sovereignty claims in a set-piece address […]

US President Joe Biden will attend G7 leaders’ summit in Japan, confirms White House

US President Joe Biden. AFP The White House confirmed Tuesday that US President Joe Biden will attend the G7 leaders’ conference in Hiroshima, Japan, from 19 May to 21 May. The Ukrainian conflict, the food and climate crises, as well as “securing inclusive and resilient economic growth,” according to a statement from White House Press […]

Tremors felt in Singapore, Malaysia after magnitude-7.3 quake near Indonesia’s Sumatra

SINGAPORE – A magnitude-7.3 earthquake that struck west of Sumatra in Indonesia early on Tuesday morning was also felt in neighbouring Singapore and Malaysia. The quake hit at around 3am local time (4am Singapore time) at a depth of 84km, triggering a tsunami warning for about two hours, said Indonesia’s meteorology and geophysics agency (BMKG). […]

European stock futures edge lower; UBS reports hefty 1Q profit drop

At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.1% lower, CAC 40 futures in France dropped 0.2% and the FTSE 100 futures contract in the U.K. fell 0.3%. Earnings from U.S. tech giants Microsoft (NASDAQ:MSFT) and Google parent Alphabet (NASDAQ:GOOGL) top the watchlist on Tuesday, ahead of numbers from Facebook-owner Meta […]

Morning Bid: Zooming in on AI, rates and chips wars

A look at the day ahead in European and global markets from Vidya Ranganathan. ChatGPT vs Bard. Earnings from U.S. tech giants Microsoft Corp (MSFT.O), which backs ChatGPT, and Google parent Alphabet Inc (GOOGL.O), top the watchlist on Tuesday. Profits at these two, Facebook-owner Meta (META.O) and Amazon Inc (AMZN.O) are due this week, and […]

Stock markets today: Asian stocks mixed ahead of US data

BEIJING – Global stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing. London and Frankfurt opened lower. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell. Wall Street’s benchmark S&P 500 index gained 0.1% on Friday but ended with a small loss […]

Defense review exposes Australia’s need for long range missiles amid war threats from China

Australian Prime Minister Anthony Albanese, Australian Deputy Prime Minister Richard Marles, Australian Defence Industry Minister Pat Conroy and Chief of the Australian Defence Force (ADF) Angus Campbell speak to the media at a news conference after the release of the Defence Strategic Review at Parliament House in Canberra, Australia April 24, 2023. AAP/Lukas Coch/via REUTERS […]

China’s deploys hypersonic IRBM DF-27: Implications and choices for India

The US Justice and Defence departments are reportedly investigating the leak of hundreds of US intelligence documents, including China’s military technology progress. As per the 28 February 2023, top-secret report by the Joint Chiefs of Staff intelligence directorate, China’s People’s Liberation Army (PLA) had mid-February this year successfully tested the new long-range DF-27 hypersonic intermediate-range […]

FIBA ambassador Luis Scola, American rapper Saweetie to banner FIBA World Cup Draw 2023

The world’s biggest basketball tournamentis about to unfold in Manila at the FIBA Basketball World Cup 2023, with basketball legend Luis Scola gracing the much-anticipated draw with performances by American rapper Saweetie, Sarah Geronimo, and Billy Crawford on Saturday, April 29 at the Smart Araneta Center in Cubao, Quezon City. Scola has won multiple medals […]

Hong Kong defends reduced funding for local

The Hong Kong government has clarified the reduced funding for the local travel and tourism sector is due to the completion of a non-recurrent funding to the Ocean Park Corporation by 2022-23, partly offset by increased provision for tourism initiatives.  The figure, stated in legislative documents released earlier this month, stated that the provision for 2023-24 was $951.5 million, […]

Sports happenings in Singapore (17-23 April)

F1 race cars at the 2022 Singapore Grand Prix at Marina Bay Street Circuit. (PHOTO: Carl Bingham / Motorsport Images) SINGAPORE — Here is a round-up of sports events and developments in Singapore in the past week (17 to 23 April): Two new grandstands for F1 Singapore GP Two new grandstands will be introduced at […]

U.S. government personnel evacuated from Sudan amid violence, embassy shuttered

Amid ongoing violence in Sudan which has left hundreds of people dead, the U.S. military has successfully evacuated American government employees from the U.S. Embassy in Khartoum, the White House announced late Saturday night. In a statement following the evacuation, President Biden confirmed that the U.S. was “temporarily suspending operations” at the embassy.  Mr. Biden disclosed […]

FIBA 3×3: Manila Chooks! gains Mongolian tilt quarterfinals

NEW addition Paul Desiderio promptly made an impact as Manila Chooks! downed Bayangol Broncos of Mongolia 21-18 Saturday night to advance to the quarterfinals of the FIBA 3×3 Ulaanbaatar Super Quest at the Royal 3×3 Lounge in Ub Palace, Mongolia. Desiderio, a former University of the Philippines star, shone for the Filipino 3×3 cagers with […]

Undefeated Cordina wins title back after fight goes the distance

Cordina, 31, stripped of the belt due to injury last year, became the first Welsh boxer to become a two-time world champion, but was made to dig deep in a classic encounter in front of his home fans. One of the judges’ score cards had Rakhimov as a 116-111 winner, while two others gave Cordina […]

Scottish Government spent more than £300,000 on TikTok before ban

T he Scottish Government spent more than £300,000 on TikTok ahead of it being banned due to security concerns. Former deputy first minister John Swinney announced before he left office that the video sharing app would be removed from Government phones, following a similar decision by the UK Government and Scottish Parliament amid cybersecurity fears. […]

Gov. DeSantis comes to Utah, speaks at GOP Convention at UVU

OREM, Utah (ABC4) — Florida Gov. Ron DeSantis (R) spoke as a keynote speaker at the GOP 2023 Organizing Convention at Utah Valley University earlier today, Apr. 22. The convention held leadership elections, conducted party business, and listened to DeSantis’ speech, the governor of the state Gov. Cox called the “Utah of the Southeast.” READ […]

U.S. government personnel in Sudan to be evacuated, sources say

Amid ongoing violence in Sudan which has left hundreds of people dead, the U.S. military has successfully evacuated American government employees from the U.S. Embassy in Khartoum, the White House announced late Saturday night. In a statement following the evacuation, President Biden confirmed that the U.S. was “temporarily suspending operations” at the embassy.  Mr. Biden disclosed […]

Marcos on Earth Day: Let’s fight climate change

President Ferdinand Marcos Jr. has urged the public to participate in the global action against climate change in celebration of International Mother Earth Day. “Our administration remains fully supportive of environmental programsand policies,” he said, noting these were in the Climate Change Commission PH Facebook account. The Department of Budget and Management on Saturday also […]

Why India should prefer cautious engagement with NATO

In a surprising move, though not entirely unexpected, the US permanent representative to NATO Julianne Smith said that NATO’s doors are open, if India is interested. Her statement has generated a popular debate on whether India is joining NATO. Also, it has disturbed several geopolitical heavy weights. However, it must be made clear that Juliaane […]

Twitter drops government-funded media labels on BBC, NPR and others

International oi-Prakash KL | Published: Saturday, April 22, 2023, 13:16 [IST] Twitter has done away with “government-funded” tags of several international media. The tag implies government involvement in editorial content. The prominent news outlet to lose the tags are: US-based National Public Radio (NPR), British Broadcasting Corp (BBC) and Canadian Broadcasting Corporation (CBC) and China’s […]

J&K terror attack: Why a village in Poonch is giving Eid celebrations a miss this year

Poonch terror attack: At least 12 people were detained for questioning on Friday after five soldiers were killed in a terrorist attack in Jammu and Kashmir’s Poonch district. PTI A village in Jammu and Kashmir’s Poonch district has decided not to celebrate Eid-ul-Fitr today (22 April), as per reports. Sangiote village was the destination of […]