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19 Feb Hong Kong’s luxury homes market shows signs of life as waves of price discounts entice some bottom fishing

Posted at 10:31h in Asia

Hong Kong’s luxury home segment which has been hit by a wave of deep discounts in the backdrop of soaring interest rates and macroeconomic turbulence, has shown early signs of stability as bottom fishing has emerged in one of the world’s priciest real estate market.The...

19 Feb Chinese smartphone vendors from Meizu to Oppo step up AI integration in their devices amid expected industry recovery in 2024

Posted at 09:30h in Asia

“Meizu will build an ecosystem to fully open its AI devices to leading global LLM providers, including OpenAI, to jointly promote AI innovation and development,” the company said.An Oppo internal letter released on February 18, 2024, said the impact of artificial intelligence on its industry...

19 Feb The Greater Bay Area at 5

Posted at 09:14h in Asia

NewSCMP Hong Kong SeriesThe Greater Bay Area at 5February 18 marks five years since Beijing unveiled its blueprint to turn the Greater Bay Area into a hi-tech powerhouse by 2035. The region of more than 86 million people covers Hong Kong, Macau and nine Guangdong...

19 Feb Many Canadians are fed up with shrinkflation. So what’s being done about it?

Posted at 09:00h in Canada

PepperBrooks was getting ready to wash her dishes when she noticed something didn't add up.The new bottle of Dawn Platinum she'd bought contained 431 millilitres of dish soap, 10 per cent less than an older bottle of the same product that she had in her...

19 Feb HSBC completes latest round of US$7 billion stock buy-back as market awaits report on bumper 2023 profits

Posted at 07:35h in Asia

HSBC Holdings, the biggest commercial bank in Hong Kong, has completed a third round of buy-back to defend the stock amid a broader market sell-off, taking the cumulative purchases to US$7 billion since May 2023 as the lender prepares to report a jump in 2023...

19 Feb Regulator says deep-sea mining is a matter of time

Posted at 06:14h in Europe

Activists at a "Look Down action" rally to stop deep sea mining, outside the European Parliament in Brussels on March 6, 2023.Kenzo Tribouillard | Afp | Getty ImagesIt's likely only a matter of time before scraping the ocean floor for valuable metals becomes a reality,...

19 Feb Russia’s war in Ukraine is igniting an old debate in Brussels over debt

Posted at 06:13h in Europe

French President Emmanuel Macron welcomes Ukraine's President Volodymyr Zelenskyy and German Chancellor Olaf Scholz for a meeting at the Elysee Palace in Paris, France, February 8, 2023.Sarah Meyssonnier | ReutersMunich, GERMANY — Should we borrow from global markets as one combined entity and raise new...

19 Feb China’s climate goals: growing energy consumption, slow progress on decarbonisation pose challenges, says NEA director

Posted at 06:08h in Asia

China’s growing energy consumption, faltering progress on decarbonisation, and limitations on new energy capacity installation pose major challenges for the world’s largest greenhouse gas emitter’s climate goals, according to the head of the National Energy Administration (NEA).The country’s energy transition faces difficulties including greater-than-expected...

19 Feb EU set to fine Apple 500 million euros in antitrust crackdown: Report

Posted at 05:36h in Europe

A. Perez Meca | Europa Press | Getty ImagesThe European Commission is set to fine Apple about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday, citing unnamed sources with knowledge of the matter.Brussels first launched...

19 Feb Hong Kong stocks drop, halting Year of Dragon rally, on China policy rate decision, Hang Seng Index letdown

Posted at 02:59h in Asia

Hong Kong stocks declined after China’s central bank refrained from cutting its key rates in a move to protect the local currency, sending a conflicting signal about its readiness to revive the economy. Stocks on mainland bourses reopened higher to catch up with roubst...

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