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For Clues About How A.I. Will Change Work, Look to the Past

Oct 25, 2026

Economists hope earlier episodes of labor disruption, from the Industrial Revolution to the Great Depression, can help us prepare for the age of artificial intelligence.

Budget to include £1bn for social and affordable housing

Oct 25, 2026

Audi to Build Factory in Georgia, Trump Says

Oct 25, 2026

Noah Adams, Longtime Host of ‘All Things Considered,’ Has Died at 84

Oct 24, 2026

Rosebank: Life on the oil field at the centre of a political storm

Oct 24, 2026

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Oct 24, 2026

Six Flags to Add Seatbelts on Roller Coasters After Rider’s Death

The company said that all Six Flags rides and attractions would undergo safety reviews, as the park operator faces lawsuits over safety concerns.

Oct 24, 2026

Attention, Passengers: High Airfares May Be Here to Stay

Oct 24, 2026

5 Takeaways From Our Investigation of Trump’s Waivers for Polluters

Oct 24, 2026

C.E.O.s Say the A.I. Rollout Is Going Well. Employees Feel Differently.

Oct 24, 2026

Rising demand from families needing Christmas help

Interesting Read

Apec meeting showcases HK's role as a bridge: FS

Financial Secretary Paul Chan on Sunday said hosting the recently concluded Apec Finance Ministers' Meeting carried multi-layered significance for Hong Kong. The two-day event wrapped up in the SAR on Wednesday. Speaking on a Commercial Radio programme, Chan said many participants came from the political and business sectors, allowing them to see and understand Hong Kong first-hand and observe how the city serves as a bridge connecting the mainland and the rest of the world. He pointed out that there are many areas for collaboration and new market opportunities for the SAR’s professional services sector. “Through communication and exchanges, we understand their needs better. For example, many countries need infrastructure, and infrastructure needs investment, professional services, and even operational management. Some enterprises want to enter the mainland market. We told them that in these areas, they can collaborate with Hong Kong,” he said. The financial secretary stressed that it is difficult for Apec member economies to reach a consensus given their differing political stances, development stages, and needs. Hong Kong will strive to seek common ground while respecting differences, Chan said, aiming to maximise room for collaboration wherever possible. Edited by Tony Sabine

Oct 25, 2026

How Trump Gave the Worst Polluters a Free Pass

The president temporarily waived clean-air rules for industrial facilities that spew cancer-causing gases. Then his appointees worked to gut the regulations altogether.

Oct 25, 2026

Trump lifts some Canada tariffs ahead of midterms

With an incumbent Maine US senator from his own party locked in a tight reelection battle, US President Donald Trump signed an order on Friday to remove 50 percent tariffs on some Canadian agricultural and forestry products in a move that could benefit companies from the northern state. The Republican president's hefty tariffs on Canada have caused friction with the US neighbour to the north while creating problems for American businesses in Maine and other states that rely on certain Canadian goods. With the November 3 US midterm elections looming and Republicans fighting to retain control of both houses of Congress, Senator Susan Collins had urged the White House to address tariffs on products affecting companies and farmers in Maine, a state that borders Canada. Trump's order exempted plywood sheets, some paper products, certain machinery and refrigeration equipment, and packing crates and boxes, as well as fresh and dried seaweed, the White House said. The changes take effect on October 30, four days before the election. Trump added a number of Canadian products to the 50 percent tariff list to offset the tariff relief provided in his order, including carpets, paints, waste, shampoos, cocoa powder, wooden coffins, ice cream sticks, air-conditioning machines, chest freezers, archery equipment and canoes. Collins said the relief would aid Maine's blueberry, potato, apple and seaweed producers. "These producers are a vital part of our state's economy and support our rural and coastal communities," Collins said. "Many of our farmers and growers rely on specialised equipment, packaging materials and other products from Canada that are either unavailable from American suppliers or cannot be replaced without incurring significant expense." Democrat Troy Jackson is seeking to oust Collins in a race that polls indicate is very close. The two sparred over tariffs at an October 6 debate. "Trump's trade wars have made life harder and more expensive for Mainers," Jackson said on Friday after Trump's action. "Susan Collins enabled this chaos, voted to confirm the people behind it and now wants credit for bringing a cup of water to put out the fire." Collins did not immediately respond to a request for comment on Jackson's remarks. Trump in August imposed 50 percent tariffs on US$20 billion of Canadian imports, which took effect after talks between the two countries collapsed. Canada retaliated in September with tariffs ranging from 15 percent to 50 percent on US$20 billion of American goods. Canada and the United States have been in a standoff over the tariffs since Trump imposed them. Trump asserted on Friday that Canada is working on a deal. Republican candidates in northern US border states most affected by the tariffs, including Maine and Michigan, are trying to strike a balance between appealing to Trump's conservative base and winning over independent voters. In a statement concerning Trump's action on Friday, White House spokesperson Matthew Middleton said the president "continues to address Canada's discriminatory treatment of US commerce" and that the new moves are "further refining the scope" of the previously announced tariffs. Dominic LeBlanc, Canada's minister responsible for trade with the US, said Ottawa was assessing Trump's latest tariff change. "Canada stands ready to work constructively and in good faith towards a more mutually beneficial trading relationship that respects Canada's interests," LeBlanc said in a statement. The economies of Michigan and Maine have long been intertwined with that of Canada, covering everything from auto parts to lumber to fruit-picking equipment. Republicans may need to win closely contested Senate races in both states in order to maintain their slim majority in the chamber. "Trump's desperate, 11th-hour attempt to save Susan Collins' political career is an admission that American voters are rejecting his toxic tariff policies," Senator Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee, said in a statement on Friday. "No one will forget how Trump raised prices on thousands of products American families need by slapping trade taxes on goods from around the world." Michigan US Senate candidate Mike Rogers, a Republican who previously called for ending the trade war with Canada, praised Trump for imposing tariffs on Canadian trash. "If you’re going to be putting tariffs on anything from Canada, it ought to be the damn trash they’ve been dumping in our state for decades," Rogers said. Trump's threat in September to block Canadian jet maker Bombardier from the US market became a political issue in Kansas, where the company employs 1,500 workers in Wichita. Trump dropped the threatened ban this week after calls from Kansas lawmakers including Republican Senator Roger Marshall, who is also locked in a tough reelection race. (Reuters) Edited by Tony Sabine

Oct 24, 2026

US stocks finish down; all eyes on Fed, oil prices

US markets closed lower on Friday, with investors concerned by rising oil prices, and also looking ahead to a Federal Reserve interest rate policy meeting. The Nasdaq Composite posted a slim loss a day after suffering its biggest one-day drop since June, as concerns flared over financing costs to support heavy AI investment spending. Next week, about one-third of S&P 500 companies report quarterly results, including Alphabet, Microsoft and Amazon, three AI hyperscalers. "There is still fallout from the questioning of the AI trade," said Kristina Hooper, chief market strategist at Man Group. "There's certainly the potential that we see less invested in an AI data centre build-out next year than has been projected. So I certainly think that's giving pause." The Dow Jones Industrial Average fell 652.82 points, or 1.23 percent, to 52,215.16; the S&P 500 lost 39.75 points, or 0.52 percent, to 7,623.68 and the Nasdaq Composite lost 53.52 points, or 0.21 percent, to 25,955.34. Telecommunications stocks fell, weighing on the communication services sector, after a report that SpaceX was seeking thousands of cell sites for a fourth wireless carrier. The energy sector rose 2.5 percent, hitting a record high. Brent crude hit its highest level since late April, after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East. American Express shares fell 3.7 percent, weighing on the Dow. The company raised its profit forecast as it also announced plans to eliminate five percent of its workforce. Data from the University of Michigan showed US consumer sentiment edged down near a record low in October, as rising prices because of the Middle East conflict soured households' views of the economy. Market focus remains on the earnings season, with robust corporate profit growth underpinning gains for major equity indexes this year. The Fed is expected to keep interest rates steady when it gives its policy statement on Wednesday, but investors will be eager for clues about whether the US central bank will hike rates at its December meeting. Wall Street is also increasingly focused on the November 3 midterm elections, which will decide control of the US Congress. (Reuters) Edited by Tony Sabine

Oct 24, 2026

Trump’s Tariffs Slow America’s Access to Canada’s Cheese

Just as they were finding a toehold stateside, artisanal producers got caught in a trade war.

Oct 23, 2026

Americans Are Struggling to Pay Rising Medical Costs

Much of the debt stems from hospital bills, researchers say. Even people with insurance are falling behind. But there are ways to get help.

Oct 23, 2026

HK stocks back up as Asian markets rally for most part

Asian shares were mostly higher Friday, rebounding from early losses, while oil prices hovered at their highest levels since May on worries about the war with Iran. In Hong Kong, the benchmark Hang Seng Index ended 158 points, or 0.7 percent, higher at 23,093 on turnover of HK$249.78 billion. The tech index was 77 points, or two percent, up at 3,871 while the China Enterprises Index gained 67 points, or 0.9 percent, to end at 7,756. Up north, the Shanghai Composite Index rose 32 points, or 0.89 percent, to close at 3,690 on turnover of 898.67 billion yuan. The Shenzhen Component Index shot up 316 points, or 2.79 percent, to close at 11,673 on turnover of 1.06 trillion yuan while the ChiNext Index soared 107 points, or 4.16 percent, to 2,684 on turnover of 534.48 billion yuan. In Tokyo, the Nikkei fell 214 points, or 0.34 percent, to end at 62,693 as the country's bonds surged and its currency touched a one-month high as heightening concerns about the AI sector spurred demand for haven assets. The broader Topix slipped 31 points, or 0.79 percent, to 3,965. In Seoul, the Kospi recovered from early losses of 4.12 percent to end up 16 points, or 0.3 percent, at 5,550 as chipmaker SK Hynix jumped after cancelling a share sale plan for its US unit. The mixed ending for regional markets came as Brent crude, the international standard, gained 1.1 percent to US$114.38 per barrel. US benchmark crude oil added 1.3 percent to US$100.79 per barrel. (Agencies) Edited by Aaron Tam

Oct 23, 2026

Apec finance chiefs' meet 'perfect prelude to summit'

Secretary for Financial Services and the Treasury Christopher Hui said on Friday the Apec Finance Ministers' Meeting that concluded in Hong Kong on Wednesday was the "perfect prelude" to the leaders' summit in Shenzhen next month. He told RTHK's Backchat programme that Hong Kong and Shenzhen have plenty of room to work together – making it a great opportunity to showcase both China's stabilising role and Hong Kong's part in driving regional cooperation. "Even though this is really a China Apec year this year, but at the same time, Hong Kong plays a critical role as an accelerator of regionalisation," Hui said. He pointed out the finance ministers' meeting was the last in a series of ministerial meetings before the leaders' summit and that a joint statement had been reached among delegates – a breakthrough in an increasingly divided geopolitical landscape. "So, it's indeed a very good occasion for us to showcase not just the China voice as a stabiliser but also Hong Kong's element as an accelerator of regionalisation in this increasingly divided world," Hui said. "Hong Kong, being part of Asia and at the same time a financial centre of Asia, needs to have a stable Asia." Delegates, Hui said, agreed to work more closely on fiscal and monetary policy coordination, digital infrastructure, green finance and talent cultivation. He also highlighted the need for inclusive policies to address income and wealth distribution risks arising from artificial intelligence and geopolitics. There is a "wide consensus" that AI is a double-edged sword, Hui pointed out, in its presenting opportunities alongside risks including cyber threats. He said Hong Kong has practical experiences to share, as many financial institutions in the city are already adopting AI across their value chains. "Hong Kong has a lot to share and offer in terms of how we do that and also find a fine line between regulation and also AI application," Hui said, adding the city has developed its own ecosystem for AI deployment in financial infrastructure. On gold trading, he said the subject came up in his bilateral meeting with Brunei's finance minister. Hong Kong, Hui stressed, aims to serve as an Asia hub linking international gold standards with regional liquidity. "Gold, as it is, is a global product, yet at the same time there is ever-stronger demand for such precious metals here in the region," he said. Reflecting on the organisation of the event, Hui credited his colleagues across government for their hard work, saying the effort had paid off. "I heard that some of the delegates are going to get married here in Hong Kong because they see Hong Kong as a very decent place, and they're going to spend their honeymoon here," he said, adding that the city's "charisma" had helped deliver a pleasing result for the country and the world. Edited by Aaron Tam

Oct 23, 2026

Chinalco sets up treasury centre in Hong Kong

Aluminum Corporation of China, known as Chinalco, has established a corporate treasury centre in Hong Kong to manage the state-owned giant's offshore funds, Invest Hong Kong announced on Friday. The new entity, Chinalco Treasury Management Co Ltd, will centrally manage the group's offshore funds and handle offshore financing, exchange rate and interest rate risk management, as well as integrated financial services. Director-General of Investment Promotion Alpha Lau said the move demonstrates Hong Kong's strengths as the first port of call for mainland firms going global and as a hub for corporate treasury centres. "As the world's largest offshore renminbi hub, Hong Kong can provide enterprises with cross-border renminbi settlement, multi-currency fund management and risk hedging capabilities," Lau said. She added that she hopes Chinalco will use the treasury centre as a starting point to further establish commodity trading functions in Hong Kong, combining the city's pricing, clearing, financing, and warehousing networks with the company's own industrial strengths to create synergy. Chinalco Chief Financial Officer Wang Xin said Hong Kong's foreign exchange market – the fourth largest in the world – together with its well-developed channels for renminbi financing and trade settlement, and its unique advantage of connecting to the mainland, will help the group manage its global funds in a more efficient and effective way. "In the future, Chinalco Treasury will build a fully functional offshore fund management platform for the group. All funds will be pooled, all settlement will be centralised and all risks will be controlled," she said. Founded in 2001, Chinalco is a key state-owned enterprise under the direct administration of the central government, with an industrial chain covering more than 20 non-ferrous metals. It has been on the Fortune Global 500 list every year since 2008 and operates in more than 20 countries and regions. Edited by Aaron Tam

Oct 23, 2026

Charity expects demand for Christmas present campaign

Oct 24, 2026

Featured News

For Clues About How A.I. Will Change Work, Look to the Past

Budget to include £1bn for social and affordable housing

Audi to Build Factory in Georgia, Trump Says

Noah Adams, Longtime Host of ‘All Things Considered,’ Has Died at 84

Rosebank: Life on the oil field at the centre of a political storm

Latest News

Six Flags to Add Seatbelts on Roller Coasters After Rider’s Death

Attention, Passengers: High Airfares May Be Here to Stay

5 Takeaways From Our Investigation of Trump’s Waivers for Polluters

C.E.O.s Say the A.I. Rollout Is Going Well. Employees Feel Differently.

Rising demand from families needing Christmas help

Interesting Read

Charity expects demand for Christmas present campaign

Monet Painting Sells for $56 Million in France

Fearing Mass A.I. Layoffs, Some in Congress Eye Ways to Aid Workers

White House lifts tariffs on some Canadian goods as midterm elections loom

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