3 h. ago Trump wants nations to pay US$1 billion to stay on his Board of Peace

The Trump administration is asking countries that want a permanent spot on his new Board of Peace to contribute at least US$1 billion. According to a draft charter for the proposed group seen by Bloomberg, US President Donald Trump would serve as its inaugural chairman and would decide on who is invited to be members. Decisions would be taken by a majority, with each member state present getting one vote, but all would be subject to the chairman’s approval. “Each Member State shall serve a term...

Economics

5 h. ago US strike in Syria kills leader tied to Isis ambush that left 3 Americans dead

A third round of retaliatory strikes by the US in Syria resulted in the death of an al-Qaeda-affiliated leader, who officials say had a direct tie to the Islamic State member responsible for last month’s ambush that killed two US soldiers and one American civilian interpreter in the country. US Central Command announced that the strike in northwest Syria on Friday killed Bilal Hasan al-Jasim, who they claim was “an experienced terrorist leader who plotted attacks and was directly connected” to...

Events

12 h. ago Gold retreats as Fed chair uncertainty weighs on markets; silver tumbles on China trading curbs

Gold retreats as Fed chair uncertainty weighs on markets; silver tumbles on China trading curbs  KITCO

Politics

14 h. ago ‘I had hoped the virus would be contained in China’: An inside look at the Fed’s historic fight to save the U.S. economy

‘I had hoped the virus would be contained in China’: An inside look at the Fed’s historic fight to save the U.S. economy  MarketWatch

Politics

19 h. ago Hong Kong contractors rated poorly by homeowners face removal after Tai Po fire

Hong Kong authorities may remove building maintenance contractors from a government-recommended list if homeowners are dissatisfied with their performance, as part of measures to combat bid-rigging following the deadly Tai Po fire, the city’s No 2 official has said. Chief Secretary Eric Chan Kwok‑ki said on Saturday that the government aimed to improve the Urban Renewal Authority’s “Smart Tender” scheme by establishing a pre‑selected list of qualified contractors. The scheme provides support to...

Events

20 h. ago Scam and corruption cases spark debate in China over cryptocurrencies’ future

The seizure of enormous cryptocurrency caches in two high-profile criminal cases in China – a former head of the central bank’s digital currency research institute accused of corruption, and an alleged scam centre kingpin linked to about US$15 billion in bitcoin – have sparked questions in the country about the safety and future of virtual money. But analysts said the long-term trend for the assets, especially bitcoin, depended on institutional capital, interest rate expectations and the...

Politics

22 h. ago US airlines warned of ‘potential risks’ when flying over Mexico, South America

The US Federal Aviation Administration (FAA) warned airlines on Friday to exercise caution when flying over Mexico, Central America and parts of South America, citing the risks of potential military activities and GPS interference. The FAA said it had issued “Notices to Airmen” covering Mexico and Central American countries, as well as Ecuador, Colombia and portions of airspace within the eastern Pacific Ocean. They say: “Potential risks exist for aircraft at all altitudes, including during...

Events

26 h. ago Tai Po fire relief fund to earn interest from fixed deposits: Hong Kong minister

The HK$4.4 billion (US$564 million) donated for Tai Po fire victims will grow gradually with interest earned from fixed deposits, the home affairs minister has told the Post, adding the money will also fund long-term resettlement. In an exclusive interview with the Post on Friday, Secretary for Home and Youth Affairs Alice Mak Mei-kuen said the fund’s accountant, the Treasury, had put an “appropriate amount” of the unallocated donated money into fixed deposits. “Some say, ‘you are just leaving...

Politics

27 h. ago Philippines enters its ‘hour of danger’ as Marcos, Duterte clash

For the Philippines, 2026 promises to be a roller-coaster ride of political intrigue as President Ferdinand Marcos Jnr and his deputy lock horns in an existential clash that risks tanking the economy, dividing military loyalties and derailing Asean’s regional diplomacy. “It will be a very messy year both in politics and the economy,” Philippine Congressman Edgar Erice told This Week in Asia. A showdown now seems all but inevitable: Vice-President Sara Duterte enters 2026 with an approval rating...

Politics

27 h. ago Philippines enters its ‘hour of danger’ in Marcos vs Duterte clash

For the Philippines, 2026 promises to be a roller-coaster ride of political intrigue as President Ferdinand Marcos Jnr and his deputy lock horns in an existential clash that risks tanking the economy, dividing military loyalties and derailing Asean’s regional diplomacy. “It will be a very messy year both in politics and the economy,” Philippine Congressman Edgar Erice told This Week in Asia. A showdown now seems all but inevitable: Vice-President Sara Duterte enters 2026 with an approval rating...

Politics

31 h. ago Trump thanks Iran for ‘cancelling’ hanging of hundreds of political prisoners

US President Donald Trump took the unusual step on Friday of thanking the Iranian government for not following through on executions of what he said was meant to be hundreds of political prisoners. “Iran cancelled the hanging of over 800 people,” Trump told reporters while leaving the White House to spend the weekend at his Mar-a-Lago estate in Palm Beach, Florida. He added, “and I greatly respect the fact that they cancelled”. The Republican president also suggested on his social media site...

Politics

36 h. ago Hongkonger reported missing in Iran ‘for many days’ amid internet shutdown, protests

Immigration authorities have confirmed receiving a plea for help concerning a Hong Kong resident reported missing “for many days” in Iran, as the country faces a nationwide internet shutdown amid protests against the government. A spokesman for the Immigration Department told the Post on Friday that it had received “a relevant inquiry” and was in touch with the Chinese consulate in Bandar Abbas and the Ministry of Foreign Affairs’ local arm in the city. A source confirmed the inquiry came from...

Events

38 h. ago China dumps more US debt, buys other assets as Trump targets Powell

China trimmed its holdings of US Treasuries in November to the lowest level since 2008, diverging from a global trend that saw total foreign ownership of the debt instruments hit a record high. Analysts say the prospect of a politicised Federal Reserve chairmanship under Donald Trump’s presidency has deepened Beijing’s concerns over its exposure to American debt, with more cuts expected. Beijing’s stockpile fell to US$682.6 billion in November, down from US$688.7 billion in October, according to...

Politics

38 h. ago Hong Kong’s latest office landmark nearly full as segment upturn simmers

The newest landmark office tower in Hong Kong’s main business zone is nearing full occupancy a year and a half after it welcomed its first tenants, suggesting improving fortunes in the city’s office property segment. The Henderson – the prime commercial development and namesake tower for one of Hong Kong’s largest developers – reached 90 per cent occupancy recently, Henderson Land said on Friday. The 36-storey building in Central counts among its tenants auction house Christie’s, alternative...

Politics

39 h. ago Galloping horses theme of Hong Kong’s Lunar New Year fireworks display

The coming Lunar New Year fireworks display in Hong Kong will feature the theme of galloping horses to welcome the Year of the Horse, with the Jockey Club sponsoring the event for the first time. Jockey Club chief executive Winfried Engelbrecht-Bresges said on Friday that the fireworks show, titled “Prosperity gallops across Hong Kong”, would be a part of a year-long campaign by the betting giant to celebrate the equine zodiac with a series of events from races to museum exhibitions. “For the...

Events

39 h. ago Putin offers Moscow as mediator in Iran crisis amid tensions with Israel, Trump threat

Russian President Vladimir Putin discussed the situation in Iran in separate calls on Friday with Israeli Prime Minister Benjamin Netanyahu and Iranian President Masoud Pezeshkian, and said that Moscow was willing to mediate in the region, the Kremlin said. Tehran has cracked down hard on nationwide protests that broke out late last month, prompting US President Donald Trump to warn he might intervene. Last year, Israel and the United States both bombed Iranian nuclear sites, and Iran fought...

Politics

41 h. ago Malaysia’s Umno chief denies he ‘sidelined’ Najib to secure his own legal freedom

The president of Malaysia’s Umno has denied abandoning disgraced ex-prime minister Najib Razak to save himself, as fissures emerge in the former ruling party over the mixed legal fortunes of two of its top leaders. Umno grass-roots members have urged President Ahmad Zahid Hamidi to quit Prime Minister Anwar Ibrahim’s government in protest after the High Court blocked Najib’s bid to serve the remainder of his jail term under house arrest last month. It also handed the one-time party figurehead a...

Politics

42 h. ago Why is China’s Xi Jinping putting the political heat back on illegal villas and resorts?

Chinese President Xi Jinping has refocused national anti-corruption efforts on illegal villas and “private resorts”, luxury developments that have come to symbolise excess and graft over the past two decades. According to newly released excerpts of a speech, Xi singled out the developments for special mention at the central urban work conference in July, highlighting them as examples of the need to improve governance, combat corruption and promote sustainable urban development. “[Officials must]...

Politics

42 h. ago Hong Kong’s finance chief warns of market volatility, pledges support for families

Hong Kong’s capital market is likely to experience significant fluctuations this year owing to intensifying geopolitical risks, the city’s finance chief has warned, stressing the need for caution in financial management. Six weeks before the government unveils its annual budget, Financial Secretary Paul Chan Mo-po pledged to consider whether there is scope to adjust child allowance to encourage more births, after a Post report revealed that Hong Kong’s registered births hit a record low last...

Events

46 h. ago Hong Kong’s Chris Tang defends police’s ‘difficult decision’ to shoot knife

Hong Kong’s security chief has defended police’s “difficult decision” to shoot a man who brandished a knife and took a woman hostage in a shopping centre, praising their bravery and decisiveness in saving lives. After police fatally shot the 34-year-old man on Thursday, Security Secretary Chris Tang Ping-keung revealed the suspect was mentally unstable at the time, possibly influenced by drugs, with suspected substances found in his possession. “It is obvious that [the suspect] was acting insane...

Events