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HSBC to take Hang Seng Bank private in surprise bid for efficiency
Posted onHSBC Holdings announced a plan to privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit’s publicly traded status in an unexpected move to simplify its structure amid worsening real estate loans in Hong Kong. The London-based bank would buy all outstanding Hang Seng Bank shares for HK$155 each…
Indonesia-Malaysia chart a course for calming disputed seas
Posted onThe Ambalat Block sits in a remote corner of the Sulawesi Sea, but the choices Indonesia and Malaysia make there will echo far beyond Borneo. After years of stop-start talks and periodic flare-ups at sea, both sides now say they plan to pursue joint economic development of the block’s rich oil and gas reserves, with…
Chinas fight against corruption is a battle we cant afford to lose, Xi says
Posted onChinese President Xi Jinping has said there must be no room for corrupt elements to hide as he warned that the problem was a threat to the country’s development. On Monday, he told a plenary session of the Central Commission for Discipline Inspection (CCDI) – China’s top anti-corruption body – that the country had made…
Quick as a blink: Chinese scientists unveil 3D printing in under a second
Posted onChinese scientists have developed a new technique that solidifies liquid into three-dimensional objects in under a second, making for the world’s fastest 3D printing. 3D printing is no longer a novel concept – whether it is tech enthusiasts creating digital objects, metal printing conducted in space, customised bone structures for patients or even military units…
South Korean webtoon slammed for heroine resembling Kim Jong-uns daughter Ju-ae
Posted onA webtoon in South Korea has come under fire for a protagonist some say resembles the only publicly known child of North Korean leader Kim Jong-un, with critics arguing the series normalises a clandestine regime notorious for alleged human rights abuses. Princess Goes to School, a fictional romantic comedy released last week on platform giant…
Trump vows new tariffs, attacks Supreme Court justices for ruling
Posted onWASHINGTON — President Donald Trump said Friday he plans to keep tariffs in place using different authorities afterthe Supreme Court ruledhe exceeded his power under the International Economic Emergency Powers Act. During the afternoon press conference in the White House briefing room, Trump repeatedly criticized the six justices whowrotethat IEEPA does not authorize the President…
