1 hour ago 6 cyclones, 5 weeks: inside the Philippines’ endless cycle of disaster

The tarpaulin barely held against the wind, sagging under days of ceaseless rain. For the earthquake survivors of San Remigio, in the central Philippines, it was all that remained – a thin sheet of plastic above a patch of mud, standing in for the homes a 6.9-magnitude quake had reduced to rubble weeks earlier. Then, in early November, Typhoon Kalmaegi barrelled through. The storm, known locally as Tino, drenched thousands of families still huddled in their makeshift shelters. Roads vanished...

Events

1 hour ago 6 cyclones, 5 weeks: Philippines can’t escape its endless cycle of disaster

The tarpaulin barely held against the wind, sagging under days of ceaseless rain. For the earthquake survivors of San Remigio, in the central Philippines, it was all that remained – a thin sheet of plastic above a patch of mud, standing in for the homes a 6.9-magnitude quake had reduced to rubble weeks earlier. Then, in early November, Typhoon Kalmaegi barrelled through. The storm, known locally as Tino, drenched thousands of families still huddled in their makeshift shelters. Roads vanished...

Events

12 h. ago IceCure Medical (NASDAQ: ICCM) adds China patent, IP portfolio reaches 55 assets

IceCure Medical (NASDAQ: ICCM) adds China patent, IP portfolio reaches 55 assets  Stock Titan

Politics

14 h. ago Australia on high alert as PLA naval fleet in Philippine Sea sails south

China’s deployment of a naval fleet, led by a Type 075 amphibious assault ship in the Philippine Sea this week, has triggered a rapid response from Australia. Canberra deployed a P-8 maritime patrol aircraft to track the flotilla, reviving security concerns raised after an unprecedented circumnavigation of the Australian continent by a People’s Liberation Army (PLA) fleet nine months ago. US satellite images, first reported by Australian media on Wednesday, confirmed the presence of the Chinese...

Events

14 h. ago Australia on high alert as PLA Navy fleet in Philippine Sea sails south

China’s deployment this week of a naval fleet led by a Type 075 amphibious assault ship in the Philippine Sea has triggered a rapid response from Australia. Canberra deployed a P-8 maritime patrol aircraft to track the flotilla, reviving security concerns raised after an unprecedented circumnavigation of the Australian continent by a People’s Liberation Army (PLA) fleet nine months ago. US satellite images, first reported by Australian media on Wednesday, confirmed the presence of the Chinese...

Events

17 h. ago Chinese Challenger To Nvidia Mints A New Billionaire As Its Stock Soars Over 420% In Trading Debut

Chinese Challenger To Nvidia Mints A New Billionaire As Its Stock Soars Over 420% In Trading Debut  Forbes

Politics

18 h. ago Filipinos slam official’s US$8.50 advice for Christmas feast

Marife Dhoctor, 43, a domestic helper in the Philippines, is looking forward to the traditional Christmas Eve dinner, when families gather to savour festive dishes and exchange gifts. However, rising prices of goods have forced her family of five to stretch their meagre budget as they plan for the annual feast known as Noche Buena or “the good night”. Dhoctor and her husband, who works as a construction worker, earn a combined daily wage of just over 1,000 pesos (US$17). As building projects are...

Politics

18 h. ago Anger boils in Philippines over official’s US$8.50 Christmas feast budget

Marife Dhoctor, 43, a domestic helper in the Philippines, is looking forward to the traditional Christmas Eve dinner, when families gather to savour festive dishes and exchange gifts. However, rising prices of goods have forced her family of five to stretch their meagre budget as they plan for the annual feast known as Noche Buena or “the good night”. Dhoctor and her husband, who works as a construction worker, earn a combined daily wage of just over 1,000 pesos (US$17). As building projects are...

Politics

23 h. ago Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier used in artificial intelligence, helping to mark the second-biggest trading debut in China’s stock market this year. Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. China’s benchmark CSI300 Index slipped 0.1 per cent. The surge in Moore...

Politics

23 h. ago China’s $1.3 Trillion Stock Rally Risks Underperforming US Peers

China’s $1.3 Trillion Stock Rally Risks Underperforming US Peers  Bloomberg.com

Events

31 h. ago China’s EV Growth Is Stagnating. Is That Another Nail in the Coffin for Tesla Stock?

China’s EV Growth Is Stagnating. Is That Another Nail in the Coffin for Tesla Stock?  Yahoo Finance

Politics

39 h. ago Chinese navy task force captured by new satellite images in Philippine Sea

Chinese navy task force captured by new satellite images in Philippine Sea  BBC

Politics

57 h. ago Tesla on Pace for First Down Year in China Sales Ever. The Stock Is Rising.

Tesla on Pace for First Down Year in China Sales Ever. The Stock Is Rising.  Barron's

Politics

64 h. ago HSBC names veteran accountant Brendan Nelson new chairman amid Asia growth push

HSBC Holdings, the biggest lender in Hong Kong and Europe, has appointed veteran accountant Brendan Nelson as group chairman, according to its filing to the Hong Kong stock exchange on Wednesday. Nelson, 75, has been serving as interim chairman since October 1, replacing Mark Tucker, who stepped down to become non-executive chairman of insurer AIA. The appointment surprised the market after HSBC CEO Georges Elhedery said a day earlier at a global banking summit in London that Nelson was not...

Politics

2 d. ago ‘Strategic’: why are drones taking off among South China Sea claimant states?

Across the strategic waterway of the South China Sea, claimant countries are increasingly relying on long-endurance aerial drones to carry out continuous patrols – overcoming the geographic and logistical limitations of traditional aircraft and ships. The US Marine Corps last month deployed MQ-9A Reaper drones to the Philippines, at Manila’s request, to “support Philippine regional maritime security through shared maritime domain awareness”, according the US Marine Corps Forces, Pacific. The...

Events

3 d. ago Chinese man hides 2 gold bars in chilli sauce jar, sends to ‘friend’ for investment

A Chinese man has caused amusement online after he hid two gold bars inside a jar of chilli sauce and mailed them to another province as part of a scam to fund his stock trading account. The incident recently unfolded in the Jinnan District of Tianjin in northern China when police took down a fraud scheme involving an elderly man. Li Ruifang, a police officer from the Shuanglin Police Station, received an anti-fraud alert indicating that an elderly man, surnamed Zhao, might be in contact with...

Politics

3 d. ago ‘Market is rotten’: Hong Kong fire exposes greedy building renovation business

Hong Kong’s worst blaze in seven decades has exposed an ugly open secret of a murky and rapacious building renovation business that is plagued by bid-rigging and skyrocketing costs even as it staves off feeble official efforts to tackle collusive conduct. Experts and former insiders offered this grim assessment, pointing to the city as a gold mine for such syndicates given its ageing stock of high-rise properties ripe for renovation. They made a collective call for an overhaul of the industry as...

Economics

3 d. ago Hong Kong fire will not deter Filipino helpers from working in city: minister

A deadly Hong Kong blaze that claimed the lives of several domestic helpers will not deter Filipinos from working in the city, the Philippines’ migrant workers minister has said, adding that the city has always been a “safe haven”. Speaking to the Post during a visit to Hong Kong on Tuesday, Hans Leo Cacdac, secretary for the Philippines’ Department of Migrant Workers, said his government would provide financial assistance to affected helpers and support for their children. He also touched on...

Politics

3 d. ago Chinese involvement stalls Manila Bay bridge project due to security fears

The Philippines deferred the awarding of a project that is part of a plan to build one of the world’s longest marine bridges after local opposition over the potential involvement of a Chinese company due to national security fears. The proposals were “undergoing thorough review” by the Asian Development Bank (ADB), which acts as a lender and an overseer of the project to ensure it meets international environmental and governance standards, Manila’s public works department said in a statement on...

Events

3 d. ago Forget NIO stock! This company is rapidly becoming the ‘Tesla of China’

Forget NIO stock! This company is rapidly becoming the ‘Tesla of China’  Yahoo Finance UK

Politics