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British politician Peter Mandelson on Sunday said he does not remember receiving payments from paedophile financier Jeffrey Epstein totalling US$75,000. Mandelson, who was sacked as ambassador to the United States last year because of his links to Epstein, appears to feature in several bank statements released on Friday in the huge tranche of files related…
Hong Kong-based CK Hutchison Holdings faces limited legal avenues to challenge a Panama court ruling that nullified its rights to operate two major ports at the country’s canal, while taking the case to the International Court of Justice will require Beijing to act on its behalf, a legal expert has said. Basil Hwang, managing partner…
Pakistani police and military forces killed more than 100 “Indian-backed terrorists” in counterterrorism operations across the restive southwestern province of Balochistan over the past 40 hours, government officials said on Sunday, a day after coordinated suicide and gun attacks killed 33 people, mostly civilians. The raids began early on Saturday at multiple locations across Balochistan,…
Every country’s foreign policy, said a wise Asian leader many years ago, combines elements of theology with practical diplomacy. However, in today’s unpredictable world it can be hard to tell the difference between practical actions and theological gestures. Perhaps Iran is therefore fortunate to be ruled by theologians, for the Ayatollahs must now judge whether…
Since returning to the White House a year ago, US President Donald Trump has stepped up pressure on the Federal Reserve. With the term of the current Federal Reserve chair, Jerome Powell, set to end in May, Trump said he would announce his pick to replace Powell on Friday. Speculation has intensified on prediction markets….
Hong Kong authorities have arrested two men and two women in an undercover operation targeting those allegedly working illegally as cleaners and renovation workers, after mainland Chinese businesses advertised their services online ahead of Lunar New Year. Chan Yan-kit, a task force deputy commander of the Immigration Department, said on Friday that the operation was…
HSBC, Hong Kong’s largest bank with a 6.2 million-strong customer base, suffered a widespread system breakdown on Friday afternoon. According to some customers, the bank’s mobile app and online services were inactive as early as 1pm, with login attempts diverted to a screen stating the system was under maintenance and would be accessible at a…
A visit by a United States warship to a Cambodian port built with major Chinese backing has underscored Phnom Penh’s superpower balancing act, but observers say American concerns will linger over the facility’s usage being dominated by Beijing. The USS Cincinnati arrived on Saturday at Ream Naval Base as part of a mission to strengthen…
Beijing has vowed to take all necessary measures to safeguard the rights of Chinese enterprises after Panama’s Supreme Court ruled that a contract held by a subsidiary of Hong Kong-based CK Hutchison Holdings to operate two ports at the country’s canal was unconstitutional. The Hong Kong government on Friday also slammed the ruling, which could…
China suspended trading of five commodity funds on Friday to curb investment mania in gold, silver and oil and reduce underlying risks amid geopolitical tensions. The only public fund investing in silver futures in mainland China, UBS SDIC Silver Futures Fund, a listed open-ended fund (LOF), will be suspended for the whole day on Friday,…
