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Healey pledges cheaper marmalade and gherkins in pre-Budget package of 'everyday fixes'

Oct 27, 2026

The chancellor will axe tariffs on some staples as part of plans to give households "breathing space".

Apple says it will replace iPhone Duo handsets with screen problems

Oct 27, 2026

'I'm a single mum on £41,000 and limit my weekly shop to £40.' What do you want from the Budget?

Oct 27, 2026

Brazilian Markets Convulse After Unexpected Election Result

Oct 26, 2026

Anthropic's blockbuster share listing - 5 surprising things we now know

Oct 26, 2026

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Oct 26, 2026

Why Some People Are Using Apps to Make Friends

Apps that match personalities — for a price — have surged in popularity amid a loneliness epidemic.

Oct 26, 2026

Anthropic warns of 'catastrophic risk' to humankind ahead of blockbuster share listing

Oct 26, 2026

DraftKings Faces Growing Pressure Over How It Targets Customers

Oct 26, 2026

California’s Potential Quartz Ban Pushes Contractors and Retailers to Alternatives

Oct 26, 2026

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

Interesting Read

What’s Riding on Anthropic Going Public? Nearly Everything.

Anthropic sits atop a pyramid of business partners and suppliers, making it a barometer of the broader economy. Its initial public offering will have widespread implications.

Oct 26, 2026

Brazilian Markets Convulse After Unlikely Election Result

President Luiz Inácio Lula da Silva’s re-election victory prompted a sharp reversal in financial markets that had expected his opponent to win.

Oct 26, 2026

5 Hotels That Celebrate Music

From San Antonio to London, hotels are taking the music theme seriously, offering concerts, listening rooms, studios and more.

Oct 26, 2026

HK gets world-first secondary tokenised funds trading

The Securities and Futures Commission has approved the world's first secondary trading of tokenised public funds on its licensed virtual asset trading platform (VATP), with around-the-clock trading of two tokenised money market funds beginning on Monday. The approval builds on a new regulatory framework it introduced in April, which sets out requirements for secondary trading of tokenised funds on licensed VATPs. The framework covers trading channel operations, fair pricing, liquidity provision and disclosure. The first batch of products involves two existing SFC-authorised tokenised money market funds, now available for secondary trading on a 24/7 basis. Looking ahead, the SFC said tokenised public funds could further leverage tokenised deposit capabilities being developed in collaboration with the Hong Kong Monetary Authority under Project Ensemble. This would allow investors to sell tokenised assets around the clock and instantly transfer proceeds to other investment opportunities. Elisa Ng, the SFC's executive director of investment products, said the move "marks an important milestone" in the city's digital asset development, adding that it adds "24/7 trading capability" to Hong Kong's evolving tokenisation ecosystem. The SFC said it would monitor trading activities closely and consider broadening the product scope over time, taking into account market developments and experience gained. Edited by Tony Sabine

Oct 26, 2026

Full MPF portability 'can help drive down fees'

Lawmakers hailed on Monday an upcoming arrangement that allows employees to transfer not only their own mandatory provident fund contributions but also their employer’s to a scheme of their choice once every calendar year. Their remarks came as phase one of the MPF Full Portability scheme – which grants employees greater autonomy by allowing them to transfer accrued mandatory contributions by their employers to a scheme of their choice – is set to begin on December 21. Speaking on a RTHK radio programme, lawmaker Chau Siu-chung said he supported the arrangement as workers would be able to choose the MPF trustee they considered to be the best for them as well as foster more competition and help drive down administrative fees. He also said that the current eMPF platform would make the transfer process simpler and easier. Chau, also a non-executive director of the Mandatory Provident Fund Schemes Authority, noted that many workers remained unclear about what MPF “full portability” means and that public awareness in this regard needed to be strengthened. “I think public awareness right now is indeed not ideal – about 80 percent of people are basically not very clear about what full portability means, there is definitely a need to do more,” he said. Chau also called on the public to be alert to unfair sales practices. He urged the government to take this opportunity to summarise and simplify information about different trustees so that workers could have clear, easy-to-compare information to take reference from. Speaking on RTHK’s Backchat programme, lawmaker Lam Chun-sing also welcomed the arrangement but noted that employees should avoid changing their scheme frequently as it may cause high administrative costs and may affect their returns. “MPF investment is a long-term investment for retirement [so] that we want to achieve stable growth of the MPF contributions instead of short-term returns like share investment or other investment tools,” he said. “If you frequently change your scheme or transfer your MPF contribution to different trustees, this may cause high administrative costs and may affect your return.” Lam also encouraged workers who are not investment professionals or do not have time to manage their scheme to consider using the default investment strategy, saying it automatically reduces risks and uses a diversified investment approach to bring favourable returns. Edited by Tony Sabine

Oct 26, 2026

HK can assist green push within the Belt and Road: CE

Chief Executive John Lee on Monday said Hong Kong could help enhance connections among Belt and Road economies and combine their strengths to advance the development of green technologies and sustainable businesses. Lee made the remarks at the Belt and Road Green Innovation Conference, which is being held in the SAR for the first time. He said Hong Kong, as a leading green and sustainable finance hub, connects green projects with global capital. “For example, a solar energy project can bring together Chinese mainland equipment suppliers, a Southeast Asian developer and Middle Eastern investors,” Lee said. “Hong Kong can help these partners raise finance, structure their investments, arrange insurance and manage cross-border risks. “Our contribution, let me add, is about more than matching capital with projects. Hong Kong’s professional services also help ensure that a project is bankable and insurable.” Lee said Hong Kong is also able to connect green technologies with the markets that need them. He said the SAR would launch a Green Technology Bridgehead Programme next year, which could help mainland and overseas green enterprises spread their ideas and take their solutions to Belt and Road markets. The city, meanwhile, could also assist firms from Belt and Road countries reach out to the wider world, he added. Lee went on to say that the SAR could provide Belt and Road partners with financing, project management and risk management services for green infrastructure and sustainable development projects. Edited by Tony Sabine

Oct 26, 2026

HK rises as region slips ahead of key tech earnings

Asian stocks slipped on Monday as the dour mood that sullied last week's trading continued, with investors gearing up for a crucial run of central bank decisions and tech earnings. In Hong Kong, the benchmark Hang Seng Index opened up 63 points, or 0.28 percent, at 23,156. The tech index was up 16 points, or 0.43 percent, to 3,888 while the China enterprises index rose 21 points, or 0.28 percent, to 7,777. Up north, the Shanghai Composite Index opened down 19 points, or 0.53 percent, at 3,671. The Shenzhen Component Index fell 113 points, or 0.97 percent, to 11,560 while the ChiNext Index was 38 points, or 1.43 percent, lower at 2,645. In Tokyo, the Nikkei opened 243 points, or 0.39 percent, lower at 62,449, peaked in morning trading at 62,856 before being 188 points down at one stage before lunch. In Seoul, the Kospi fell 51 points, or 0.92 percent, to open at 5,499 and was 54 points lower at one stage before noon. AI-linked firms continued to struggle amid worries about the sustainability of the colossal investment boom that pushed stock markets to multiple record highs in the first half of the year. Traders are growing increasingly worried about when the vast sums pumped into the sector will see returns, if any, while rising interest rates and bond yields are now calling companies' finances into question. This week sees the release of earnings from US titans and Magnificent Seven members Amazon, Microsoft and Alphabet as well as South Korean chipmakers SK hynix and Samsung. Results from Tesla and Meta last week further stoked spending worries and helped drag stocks lower. "The AI complex remains under a microscope ahead of what may be the most important stretch of earnings season so far," said SPI Asset Management's Stephen Innes. "Microsoft, Alphabet and Amazon are about to walk on stage, and this is not one of those quarters where a company can simply beat the number, raise the guidance by a whisker and expect applause. Investors want proof now. "They want to know whether the billions going into the compute buildout are building a durable earnings machine or just a shinier version of the same old capex furnace." Also in view this week are policy decisions by the US Federal Reserve, European Central Bank and Bank of Japan. While the Fed is expected to hold borrowing costs, traders will be keen to get an insight into its thinking following last month's hike and as inflation remains well above its two percent target. (AFP/Xinhua) Edited by Tony Sabine

Oct 26, 2026

Caryle Murphy Has Died. She Earned a Pulitzer for Reporting in Kuwait.

A Washington Post journalist, she was one of the few Western reporters in Kuwait in 1990 when Saddam Hussein’s forces invaded.

Oct 26, 2026

‘You Can See Everything’ Gives ‘Clayface’ a Run for Its Money at the Box Office

“Clayface” was No. 1 at the box office, but “You Can See Everything,” a documentary about the disgraced Theranos founder, surged in its second weekend.

Oct 25, 2026

Musk Is Predicting ‘Guppy-level Death’ for Scores of A.I. Companies

Oct 26, 2026

Featured News

Healey pledges cheaper marmalade and gherkins in pre-Budget package of 'everyday fixes'

Apple says it will replace iPhone Duo handsets with screen problems

'I'm a single mum on £41,000 and limit my weekly shop to £40.' What do you want from the Budget?

Brazilian Markets Convulse After Unexpected Election Result

Anthropic's blockbuster share listing - 5 surprising things we now know

Latest News

Why Some People Are Using Apps to Make Friends

Anthropic warns of 'catastrophic risk' to humankind ahead of blockbuster share listing

DraftKings Faces Growing Pressure Over How It Targets Customers

California’s Potential Quartz Ban Pushes Contractors and Retailers to Alternatives

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

Interesting Read

Musk Is Predicting ‘Guppy-level Death’ for Scores of A.I. Companies

Meta and SpaceX to Raise Billions More to Fund A.I. Ambitions

Salon owners urge Budget VAT cut as staffing pressures grow

Healey to shield low-income pensioners from income tax in the Budget

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Why Some People Are Paying to Make Friends

What is the Budget and what could be in it?

Healey's Budget needs to sustain the stronger economy through gathering clouds

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