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Iran war is ‘a folly’, says Rachel Reeves

Iran war is ‘a folly’, says Rachel Reeves

Chancellor ‘very frustrated and angry’ with Trump over conflict and its impact on UK economy Chancellor ‘very frustrated and angry’ with Trump over conflict and its impact on UK economy.

Trump turns on Italy’s Meloni, says he is ‘shocked’ by her

Trump turns on Italy’s Meloni, says he is ‘shocked’ by her

US President Donald Trump told an Italian newspaper on Tuesday ⁠he was “shocked” by Prime Minister ⁠Giorgia Meloni and had expected her ⁠to be more courageous, delivering a blunt public rebuke to one of his closest European allies. Meloni had been a vociferous supporter of Trump, but she has criticised his decision to go to war with Iran, and on Monday, denounced his weekend ‌criticism of Pope Leo.

Xi Jinping’s meeting with Abu Dhabi crown prince highlights Gulf turn towards China

Xi Jinping’s meeting with Abu Dhabi crown prince highlights Gulf turn towards China

Chinese President Xi Jinping ‌called for a more robust, resilient and dynamic ‌strategic partnership with the United Arab Emirates on Tuesday, as Beijing intensified what observers have described as its “quiet but pragmatic” diplomacy during the Iran crisis. In a meeting with Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the crown prince of Abu ‌Dhabi, Xi unveiled a four-point proposal to safegua.

PCE inflation set to hit 3.4% in March

PCE inflation set to hit 3.4% in March

We ran the latest CPI and PPI data through our new nowcasting model to predict the upcoming PCE numbers We ran the latest CPI and PPI data through our new nowcasting model to predict the upcoming PCE numbers.

Hong Kong landlords face HK$17,000 inspection bill over ignored water seepage

Hong Kong landlords face HK$17,000 inspection bill over ignored water seepage

Hong Kong landlords who fail to fix water seepage affecting flats below face a minimum inspection bill of HK$17,000 (US$2,170) if they take no action within 28 days of notification under a pilot scheme designed to fast-track such cases. The plan, launched by a joint office under the Food and Environmental Hygiene Department (FEHD) and Buildings Department, shifts the responsibility of shouldering The plan, launched by a joint office under the Food and Environmental Hygiene Department (FEHD) and Buildings Department, shifts the responsibility of shouldering.

Wang Fuk Court resident reports suspected theft from fire-hit flat

Wang Fuk Court resident reports suspected theft from fire-hit flat

A resident of Hong Kong’s fire-ravaged Wang Fuk Court housing estate in Tai Po has said that a drawer in her flat had been rummaged through, prompting a police investigation and rekindling burglary fears in the sealed residential complex. Police launched the probe after a resident surnamed Lee raised concerns about a possible burglary early on Tuesday. A government social worker had sent her a pho A government social worker had sent her a pho.

Why energy firm Sigenergy’s IPO ignited market frenzy with oversubscription of 1,000 times

Why energy firm Sigenergy’s IPO ignited market frenzy with oversubscription of 1,000 times

Chinese energy storage firm Sigenergy has ignited a market frenzy with its initial public offering (IPO) plan in Hong Kong, drawing an oversubscription of over 1,000 times, while its listed peer Guoxia Technology enjoyed a rally, as the duo capitalise on the artificial intelligence boom. Shanghai-based Sigenergy, which aims to raise HK$4.4 billion (US$561.6 million) in its IPO, is expected to be 1 Shanghai-based Sigenergy, which aims to raise HK$4.4 billion (US$561.6 million) in its IPO, is expected to be 1.

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