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Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel Memorial Prize in Economics on Monday for “having explained innovation-driven economic growth” including the key principle of creative destruction. The winners represent contrasting but complementary approaches to economics. Mokyr is an economic historian who delved into long-term trends using historical sources, while Howitt and Aghion…
An expatriate mother may have drowned her seven-month-old daughter before hanging herself at their home in Hong Kong’s Southern district, police have said. The 34-year-old woman’s husband reported the case at around 4pm on Monday after arriving at their flat at the luxury Shouson Garden residential estate on Shouson Hill Road. Police said he returned…
China has unveiled retaliatory measures against the United States’ newly imposed port fees, signaling rising tensions between the two sides ahead of their top leaders’ potential face-to-face meeting in Seoul later this month. The Chinese Commerce Ministry said on Tuesday it started levying a special port-entry charge of 400 yuan ($56) per net ton on…
Hong Kong is on track to develop as an Islamic finance centre in North Asia, with some companies considering issuing sukuk bonds to help Middle Eastern capital flow into the Greater Bay Area, according to bankers and the city’s financial secretary. “We have received a rising number of inquiries from companies about issuing sukuk bonds…
Mama, put my guns in the groundI can’t shoot them anymoreThat long black cloud is comin’ downI feel like I’m knockin’ on heaven’s door bob Dylan, Nobel Laureate British economist John Ross impishly told one interviewer that if the Royal Swedish Academy of Sciences were honest, the Nobel Prize in Economics would have been awarded…
Two trains collided in eastern Slovakia on Monday, derailing an engine and a carriage and injuring at least 66 people, emergency medical services and police said. There were no reports of deaths in the crash, which police said happened in front of a tunnel near the village of Jablonov nad Turnou, about 55km (34 miles)…
Three more Hong Kong lawmakers have decided not to run in the coming Legislative Council election, bringing the total to at least 12 so far. Lo Wai-kwok, 71, chairman of the Business and Professionals Alliance for Hong Kong, the Liberal Party’s Frankie Yick Chi-ming, 72, and Chow Man-kong, 44, all announced their decision not to…
US President Donald Trump visited Israel and Egypt this week to oversee the initial implementation of his Gaza peace agreement, which many hope will permanently end the two-year war in the strip. Should the peace hold, the Gaza accord will be Trump’s greatest foreign policy achievement, even surpassing the Abraham Accords of his first term…
The mouthpiece of China’s ruling Communist Party has urged the nation to break through technological “choke points” and avoid becoming “subordinate to other nations” in a series spotlighting the country’s achievements in hi-tech industries. The series of editorials comes as Beijing prepares to outline its next five-year plan and amid a renewed escalation in trade…
When Indonesia’s first high-speed rail line, the Jakarta–Bandung Whoosh, was inaugurated in October 2023, it was hailed as a triumph of progress and modern engineering. President Joko Widodo (Jokowi) proudly rode the train alongside Chinese officials, marking Indonesia’s arrival in the club of nations with high-speed rail. Yet one year later, the celebration has faded…
