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There was lacklustre action on Saturday at the sale of the latest batch of flats at The Reserve at Gold Coast Bay in Tuen Mun, as less than a 10th of the units on offer were snapped up three hours after the launch.Only 14 flats, of the 152 units on offer, were sold as of 6.30pm, according to agents.“It’s almost the last of the remaining stock,” said Sammy Po Siu-ming, senior director at Midland Realty. “The sale will continue.”The batch offered this weekend by developer Early Light International Holdings, owned by tycoon Francis Choi Chee-ming, included 86 two-bedroom and 10…
Defying global geopolitical currents, China’s business schools are actively resisting the mounting risks of decoupling from the West, according to a leading accreditation body.Its top executive said that instead of retreating into isolation amid rising US-China tensions, Chinese institutions remained deeply committed to internationalisation as they prioritised global talent and diverse cultural backgrounds to boost their competitive edge.“No [Chinese business] school that I visited expressed resistance to international talent; instead, they actively highlight diverse cultural backgrounds to enhance global competitiveness,” said Lily Bi, president and chief executive officer of the Association to Advance Collegiate Schools of Business (AACSB).“Chinese schools are…
SKOPJE, North Macedonia (AP) — Thousands of people took to the streets of North Macedonia’s capital on Saturday demanding justice for the victims of a nightclub fire — the deadliest blaze in the country’s history — ahead of the trial next week of the club owner and others. The March 16 fire and the ensuing stampede killed 63 people, most of them young revelers, and injured more than 200. It was sparked by a pyrotechnic flame that engulfed the roof of the crowded Pulse club in the eastern town of Kocani. Protesters, including relatives of the victims, dressed in black…
TORONTO: The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the company’s thinking told Reuters. A split could also include the outright sale of Barrick’s African assets as well as of the Reko Diq mine in Pakistan, once it has secured financing, according to the sources. In Mali, Barrick is looking to resolve a dispute with the African nation’s military administration before selling the asset, sources said. A Barrick spokesperson did not immediately respond to…
The event on Tuesday at Guinea’s Morebaya port, attended by Chinese and regional African leaders, saw the departure of the first shipment of ore from the Simandou project – a major feat after nearly three decades of development.The Chinese delegation was led by Vice-Premier Liu Guozhong, who underscored the importance Beijing has attached to securing high-grade ore for decarbonising the national steel industry and diversifying away from Australian supplies.Guinea’s Simandou 2040 plan aims to use mining revenues to develop infrastructure, agriculture and education in the West African country, while also signalling the mine’s immediate global importance.Most extracts from Simandou –…
WASHINGTON: US President Donald Trump said on Friday that he is considering agreeing to a deal to supply Saudi Arabia with F-35 stealth fighter jets, which are made by Lockheed Martin. “They wanna buy a lot of jets,” Trump told reporters aboard Air Force One. “I’m looking at that. They’ve asked me to look at it. They want to buy a lot of ‘35’ – but they want to buy actually more than that, fighter jets.” The potential sale comes as Trump plans to host Saudi Crown Prince Mohammed bin Salman at the White House next week, when they are…
VATICAN CITY (AP) — Pope Leo XIV welcomed Spike Lee, Cate Blanchett, Greta Gerwig and dozens of other Hollywood luminaries to a special Vatican audience Saturday celebrating cinema and its ability to inspire and unite.Leo encouraged the filmmakers and celebrities gathered in a frescoed Vatican audience hall to use their art to include marginal voices, calling film “a popular art in the noblest sense, intended for and accessible to all.”“When cinema is authentic, it does not merely console, but challenges,” he told the stars. “It articulates the questions that dwell within us, and sometimes, even provokes tears that we did…
Bangladesh is bracing itself for a landmark court verdict on Monday that could see its self-exiled former leader Sheikh Hasina sentenced to death for crimes against humanity, with the case potentially fuelling an already combustible political climate ahead of national elections.The outcome could either deliver long-awaited justice for the 1,400 students killed during a brutal crackdown last year or spark a repeat of the chaos, according to analysts.Hasina, 78, fled to India in August 2024 after ordering a violent suppression of the student protests that transformed into a full-fledged revolution, abruptly ending her 15-year rule.The movement paved the way for…
The state-owned company bought about 1.4 million shares of WeRide and 14,500 shares of Pony.ai in the September quarter, according to its 13F filings released on Friday. The total value of the shares was around US$13.7 million.Temasek has a history of investing in autonomous driving companies. These included the Swedish transport firm Einride, a technology supplier for electric and self-driving trucks, and the Israeli artificial intelligence mobility start-up Autobrains.By the end of September, Temasek had a total of US$29 billion of investments in US securities, with about US$2 billion in 16 US-listed Chinese stocks.Temasek’s latest deals reflect the 51-year-old investment…
The State Bank of Pakistan (SBP) has revised regulations governing the sale of foreign currencies, directing exchange companies (ECs) to make account-to-account transfers mandatory for residents purchasing foreign currency for the purpose of depositing it into their foreign currency (FCY) bank accounts. In a circular issued to exchange companies on Friday, the central bank referred to existing guidelines under Para 5, Chapter 7 of the Regulatory Framework for Exchange Companies (RFEC), noting that the instructions have now been amended. “In order to promote cashless economy, it has been decided that, henceforth, all FCY sale transactions to resident citizens of Pakistan…