Special traffic and transport arrangements for concert at Kai Tak Sports Park on April 8, 9, 11 and 12
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50th round of computer ballot registration for submitting applications for Northbound Travel for Hong Kong Vehicles to be open April 7 to 10
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Hong Kong lawmakers question need for 3 new roles in Chief Executive’s Office
Planned recruitment of two information officers and driver will cost taxpayers HK$2.66 million annually in total.
Stock rout fails to deter Southsky buyer
Yesterday’s stock market rout failed to dampen the spirits of a mainland home hunter who bought a flat at Southsky in Aberdeen for HK$5.1 million.
The one-bedroom flat with an area of 287 square feet was sold by tender, at a price of HK$17,770 per sq ft, the developer Emperor International (0163)…
Travel and tourism booms over Ching Ming Festival
Cici Cao
China has seen a surge in domestic travel during the 2025 Ching Ming Festival, or Tomb-Sweeping Day.
Data from the Ministry of Culture and Tourism showed that during the three-day holiday, domestic travel reached 126 million trips, a 6.3 percent year-on-year increase.
Total domestic…
CATL eyes takeover of Nio’s power unit
Reuters
Chinese battery giant CATL is in talks to buy a controlling stake in electric vehicle maker Nio’s (9866) power unit, which runs more than 3,000 battery swapping stations in China, four people with knowledge of the matter told Reuters.
CATL made the proposal after announcing a maximum 2.5…
DeepSeek, Tsinghua work to improve AI efficiency
Bloomberg
DeepSeek is working with Tsinghua University on reducing the training its artificial intelligence models need in an effort to lower operational costs.
The Chinese startup, which roiled markets with its low-cost reasoning model that emerged in January, collaborated with researchers from the…
China forex reserves rise but miss forecasts
Reuters and staff reporter
China’s foreign exchange reserves rose less than expected in March, official data showed yesterday, while the US dollar weakened against other major currencies.
The country’s foreign exchange reserves, the world’s largest, increased by US$13.4 billion (HK$104.52 billion)…
Microsoft ‘shutters JV operation in mainland’
Reuters and staff reporter
Microsoft’s joint venture Wicresoft will cease its China operations from today, a move that will lead to the layoff of about 2,000 staff, Chinese media reported yesterday, citing sources.
A screenshot of an internal email leaked on the internet, meanwhile, indicated…
HK$150,000 in cash stolen from AXA office at Times Square in Hong Kong
Security footage shows man entering premises and leaving with yellow bag.
Hong Kong’s CK Hutchison did not uphold Panama Canal ports contract: Panama audit
Panama’s comptroller office to sue over renewal of 25-year concession to CK Hutchison after audit found ‘many breaches’ of contract.
Audi halts U.S. vehicle deliveries following 25% tariff introduction
8th April 2025 – (Berlin) German luxury automobile manufacturer Audi has announced it will cease deliveries of vehicles that have arrived at U.S. ports since 2nd April, in response to a 25% tariff implemented by U.S. President Donald Trump. According to the German newspaper Handelsblatt, all affected vehicles will be temporarily withheld from being distributed […]
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Teenage brawl in Tung Chung basketball court leaves one injured
8th April 2025 – (Hong Kong) A violent altercation occurred at a basketball court in Tung Chung involving two teenagers. A video, approximately two minutes long, has gone viral online, showing the two boys, one in blue and the other in grey, grappling over a tennis racket, with bystanders watching the confrontation unfold. During the […]
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Burglary attempt in Kau To Shan thwarted by domestic helper
8th April 2025 – (Hong Kong) A burglary incident occurred in Kau To Shan early this morning at 2.25am. A female domestic helper at The Baroque, located at 1-7 Kau To Shan Road, heard unusual noises and began to investigate the source. Upon checking the premises, she discovered two intruders rummaging through the living room. […]
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Panama audit reveals contract breaches by Hong Kong port operator CK Hutchison
8th April 2025 – (Panama City) An audit conducted by Panamanian authorities has revealed that the Hong Kong firm managing two ports at either end of the Panama Canal violated the terms of its contract, which had previously drawn criticism from U.S. President Donald Trump. The report identified “numerous breaches” of the concession granted to […]
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10 young billionaires under 26 showcase remarkable wealth in 2025
8th April 2025 – (New York) For decades, the billionaire landscape has predominantly featured individuals in their 50s and 60s, reflecting the time and risk required to accumulate vast wealth. According to Forbes, nearly 75% of the world’s billionaires are aged between 50 and 79, while only 12% are under 50. Among this younger group, […]
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Well-known software engineer warns investors that XRP’s recent price drops are driven by fear, not fundamental flaws
8th April 2025 – (New York) Vincent Van Code, a respected figure in the software engineering community, believes that the recent price drops of XRP are driven by fear rather than any fundamental flaws in the cryptocurrency itself. He asserts that the ongoing selling pressure reflects general market sentiment rather than substantial issues with XRP. […]
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