Archive
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The People’s Bank of China reduced the interest rate on its pledged supplemental lending (PSL) facility by 0.25 percentage points, bringing the one-year rate down to 1.5 per cent. Additionally, the central bank announced a mortgage interest subsidy for first-time homebuyers starting October 1, according to the South China Morning Post.
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Following the Tai Po fire in November, authorities initiated a HK$7.8 billion plan to buy back flats at the eight-block subsidized housing estate, allowing residents to choose replacement housing options.
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According to the South China Morning Post, President Xi Jinping encouraged a significant university to utilize its combined strengths across humanities, sciences, engineering, and medicine to aid China's national strategy as the government emphasizes the role of higher education in advancing high-tech development.
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A decommissioned American warship, USS Klakring, was sunk in the North Atlantic near the Outer Hebrides during Exercise Atlantic Thunder 2026, involving US and Royal Navy forces. The sinking involved missiles and a torpedo, with the US Navy stating strict environmental compliance was maintained.
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Following the passing of Siti Hasmah, who was married to Mahathir for 70 years, her family members have been taking turns staying with him after the burial. A granddaughter shared memories of her great-grandmother, noting her strength and role in keeping the large family together.
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Citi Research anticipates that yields on China's 30-year government bonds will continue to decrease, even as yields on US Treasury securities increase. Analysts suggest that factors such as weak credit demand, policy backing, and easing supply pressures are expected to maintain demand for long-term Chinese debt.
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China's leading memory supplier, CXMT, has announced significant planned expenditures for research and development and the expansion of its wafer testing base, according to a stock filing reported by the South China Morning Post.
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Property agents report that buyers in the luxury Hong Kong property market are maintaining a cautious, 'wait-and-see' approach due to anticipated interest rate hikes and a scarcity of positive market developments.
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Five UK nationals in their 20s, who were detained on suspicion of preparing a terrorist act near RAF Fairford on Sunday, have been released on bail, according to the head of UK counter terrorism policing. The investigation remains ongoing, with police exploring various possibilities, including potential foreign state involvement.
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Police, including the Metropolitan Police, HMRC, and the FCA, conducted dawn raids across several counties, resulting in the arrest of 17 individuals suspected of involvement in serious and organized crime and related financial offenses.
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Three authors published warnings in the South China Morning Post suggesting that unchecked power held by billionaires could lead to an apocalyptic outcome for American capitalism and democracy.
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The South China Morning Post reports that US forces are scheduled to leave their final bases in Iraq by Wednesday, an event that Iran and its allies are celebrating as a victory, despite ongoing US military actions against Tehran.