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Police Identify 42-Year Old Man Killed at Six Flags Over Georgia

Oct 13, 2026

The police identified the 42-year-old man who died at Six Flags Over Georgia on Monday. The company said it was temporarily closing multiple rides in the U.S. and Canada as a precaution.

Rising Interest Rates Bite Some Wall St. Banks

Oct 13, 2026

How Climate Change Is Causing ‘the Gentrification of Seafood’

Oct 13, 2026

How Two Crypto Billionaires Are Making British Politics More American

Oct 13, 2026

Bumble bought for $1.3bn in 'bet on the future of humanity'

Oct 13, 2026

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Oct 13, 2026

NI company in talks to save Poundland from administration

Poundland says Martin Property Group from Londonderry is the management team's "preferred partner"

Oct 13, 2026

Chip Stocks Tumble on A.I. Spending Fears and Rising Chinese Competition

Oct 13, 2026

The Sabrina Carpenter clip which helped a 22-year-old make £120,000 a year

Oct 13, 2026

Judy Markey, Frank and Funny Voice on Chicago Radio, Dies at 82

Oct 13, 2026

War Collides With Saudi Ambition at a Gathering of Oil Powers

Interesting Read

Williams says Fed may not have to hike rates in 2027, at odds with traders

New York Fed President John Williams sees one more rate hike in 2026 but no additional increase in 2027 as inflation pressures ease.

Oct 13, 2026

The Forces Driving Up Bond Yields Take a Troubling Turn

Some analysts say investors are demanding a higher “term premium” to buy government debt, reflecting growing worries about debt levels and deficits.

Oct 13, 2026

JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts

JPMorgan Chase CEO Jamie Dimon warned of rogue agents operating at scale and said the bank is building defensive tools.

Oct 13, 2026

Stocks making the biggest moves premarket: JPMorgan Chase, Micron, UnitedHealth & more

These are the stocks posting the largest moves before the bell.

Oct 13, 2026

HK inches up as region feels cutting edge of tech fear

Hong Kong and mainland stocks recouped earlier losses on Tuesday as a selloff in AI-related shares across Asia subsided, but the blue-chip index across the border still finished at its lowest close in more than a year. The benchmark Hang Seng Index edged up 74 points, or 0.3 percent, to 24,345 on turnover of HK$187.57 billion. The tech index fell 32 points, or 0.8 percent, to 4,136 while the China enterprises index inched up six points, or 0.1 percent, to 8,174. On the mainland, the Shanghai Composite Index inched up three points, or 0.1 percent, to close at 3,800 on turnover of 779.3 billion yuan. The blue-chip CSI300 Index recovered some losses to close down 0.3 percent. The Shenzhen Component Index slipped 31 points, or 0.25 percent, to 12,353 on turnover of 896.6 billion yuan while the ChiNext Index reversed hefty morning losses to shed five points, or 0.18 percent, and close at 2,958 on turnover of 449.73 billion yuan. Risk appetite has been weak due to the widening conflict in the Middle East and higher global yields. Soothing the market ⁠anxiety a bit, economists in a poll forecast that China's exports rose 25.5 percent year on year in US dollar terms in September, accelerating from the 25 percent growth in August, sustaining robust ‌momentum despite pressure from some trading partners. The CSI AI Index dropped 0.3 percent after touching a six-month low, and the CSI Semiconductor Index gained 0.5 percent, having lost more than 30 percent from July peaks. Market heavyweight CXMT fell up to 5.3 percent to the lowest level since July despite reports of progress on its memory-chip design before closing nearly 3 percent down. "It's hard to say investors' concerns about the fundamentals of these tech shares are fully priced in, even after the recent sharp correction," analysts at Sinolink Securities ⁠said in ‌a note. With the AI rally also cooling in ‌the US, Chinese tech shares will struggle to rebound in the near term, they said. New energy vehicle stocks dropped after ‌Beijing said it would lower the value-added tax export rebate from April. The announcement was made after China and the European Union reached a deal that could cut Chinese exports of hybrid cars to the ⁠bloc by more than half. The CSI New Energy Vehicle Index ended the session down nearly 3 percent. Other main Asian markets fell sharply on Tuesday as investors fretted about ⁠the durability of the rally in AI shares and increased competition. In Tokyo, the Nikkei fell 1,253 points, or 1.82 percent, to close at 67,777, losing ground for a fourth consecutive session, as a selloff in AI-related stocks gathered pace. The broader Topix rose almost six points, or 0.14 percent, to 4,110. In Seoul, the Kospi plunged 348 points, or 5.46 percent to 6,035, extending its losing streak to a fifth straight day in its longest run of declines since September 2024 and triggering a temporary trading curb amid concerns over rising Chinese memory-chip competition. (Reuters & Xinhua) Edited by Edmond Fong

Oct 13, 2026

Visa gets Beijing's green light for bank card business after 40 years of working with China

The incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.

Oct 13, 2026

Visa gets go-ahead to prepare for business in China

Visa, the global digital payments giant, said on Tuesday it has received approval from the People's Bank of China (PBOC) to begin formal preparations to establish a domestic bankcard clearing institution in the country. The approval, announced by Visa in a statement, marks an important milestone towards the company serving China's domestic payments market. “The approval of our application to prepare marks a significant step forward in Visa’s long-standing commitment to China," said chief executive Ryan McInerney. "We greatly appreciate the important role of the leaders of the United States and China in pursuing a constructive and strategically stable relationship between the world’s largest economies,” he added. Visa said China is one of the world's most advanced and dynamic digital payments markets and that it looks forward to bringing its innovation, security and reliability to Chinese consumers and businesses. The PBOC said Visa must complete the preparatory work within one year before submitting a formal application to commence operations. The central bank and the National Financial Regulatory Administration will jointly review the application and, if approved, issue a bankcard clearing business licence. Gary Ng, senior economist for Asia-Pacific at Natixis, said the move to introduce Visa showed China's willingness to further open up its financial sector. "Previously, we have seen some of the other competitors of Visa, such as Amex already has its own licence. MasterCard also can operate under joint venture. So, for Visa, it is really another step to put itself at the same level playing foot with the global competitors," he told RTHK. "But it really depends on whether Visa can compete with other cards at the same footing because there's obviously also UnionPay in the market. And let's not forget beyond cards, China is very reliant on other payment systems like Alipay and WeChat Pay. "So it is a positive step, but it may not be fully big enough to change the overall picture." Ng also said the move would facilitate cross-border transactions moving forward. _____________________________ Last updated: 2026-10-13 HKT 17:39 Edited by Edmond Fong

Oct 13, 2026

IMF upgrades 2026 world economic growth forecast

The International Monetary Fund on Tuesday nudged its 2026 global growth forecast to 3.1 percent, up 0.1 percentage point from its July projection, as economies lifted by the artificial intelligence investment boom offset those hurt by the Middle East conflict. In its latest World Economic Outlook, titled "Resilience Under Strain, Urgent Choices," the IMF projected global growth slowing from 3.5 percent in 2025 to 3.1 percent in 2026, before recovering to 3.4 percent in 2027. The 2027 figure is unchanged from the July forecast and 0.2 percentage points higher than the April forecast. The fund described the world economy as neither simply slowing nor accelerating but having growth reallocated according to each country's exposure to the war-driven energy shock and to AI-related demand. The strongest performers combine limited energy vulnerability with deep ties to the AI hardware supply chain. The strong demand for AI has bolstered growth in China, India and other Asian countries, outpacing the overall growth in global trade, IMF chief economist Silvana Tenreyro said. Global trade would have grown at a far slower rate without the AI boost, she said. By contrast, energy importers with little connection to the technology cycle, including many low-income countries, face the hardest mix of higher import bills, weaker currencies and falling real incomes. The IMF's baseline assumes the Strait of Hormuz reopens in March, with conditions broadly returning to prewar levels by next October. Before the war, the strait carried about a quarter of the world's seaborne oil trade. The fund estimated that closing the strait would have cut global growth by 0.9 percentage points this year without offsetting supply responses. Rerouted Gulf output, higher production elsewhere, inventory drawdowns and a lower oil intensity of the world economy reduced the net hit to about 0.3 percentage points. The IMF warned that oil inventories are being depleted towards stress levels that could trigger sharp price jumps. Oil prices are assumed to average US$95.74 a barrel in 2026, up about 41 percent from 2025, and US$87.39 in 2027. Global headline inflation is now forecast to rise from 4.1 percent in 2025 to 4.7 percent in 2026, before easing back to 4.1 percent in 2027. GDP growth in the United States, the world's largest economy, is projected to remain steady at 2.3 percent in 2026 and 2027, supported by consumption, fiscal policy and technology investment. China, the world’s No. 2 economy, is expected to expand 4.5 percent this year, down from 5 percent in 2025, in line with the government's official target. Growth is then seen slowing to 4 percent in 2027, also one-tenth of a percentage point lower than previously forecast. "Higher global oil prices, together with protracted uncertainty and structural headwinds, are expected to weigh on activity," the IMF said, while noting that "policy support is expected to prevent a sharper slowdown". India is once again forecast to be the world’s fastest-growing major economy, advancing at a 7 percent clip, down from a sizzling 7.7 percent last year. Japan is forecast at 0.7 percent and Britain at 1.3 percent for 2026. The euro area is seen growing 1.1 percent this year and 1.2 percent next year, reflecting weak consumer confidence, among other things. The IMF said growth is becoming more concentrated. Just 32 economies now account for 95 percent of global growth, down from 54 in April. Roughly 47 percent of economies had their forecasts downgraded. (Agencies) Edited by Edmond Fong

Oct 13, 2026

Higher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack

The Cleveland Fed president said that tighter monetary policy would be needed to bring down inflation.

Oct 13, 2026

World’s Energy Order Tested Again as Iran War’s Reach Extends Further

“We are entering an age of prolonged insecurity,” one former U.S. energy official said of what have become chronic threats on the Middle East’s energy core.