HK stocks inch up as all eyes turn to Xi-Trump summit
Hong Kong and mainland stocks eked out gains on Tuesday as investors assessed their positions ahead of a meeting of the presidents of China and the United States this week, while AI shares rose after officials of the two countries agreed to hold talks on the safety of artificial intelligence. The benchmark Hang Seng Index rose 45 points, or 0.2 percent, to 25,087 on turnover of HK$249.21 billion. The tech index rose 14 points, or 0.3 percent, to 4,438 while the China enterprises index gained 22 points, or 0.3 percent, to 8,362. Hong Kong shares of Alibaba Group hit a one-month high at one point after chief executive Eddie Wu said on Tuesday that the firm aims for its cloud global data centre capacity to surpass 20 GW by 2032. Tencent Holdings jumped after it released a preview of its latest AI image-generation model. Up north, the benchmark Shanghai Composite Index inched up two points, or 0.06 percent, to 3,952. The Shenzhen Component Index too barely registered movement, closing six points, or 0.05 percent, lower at 13,723 while the ChiNext barely moved the needle from its opening to end 0.91 percent, at 3,399. Shanghai's tech-focused Star50 index rose 0.5 percent while an AI sub-index advanced. Senior Chinese...
Read full articleMore News
Boots has a new owner: Three ways it could affect you
The stalwart of Britain's High Street has been sold to a Canadian billionaire family. What will that mean for you?
Big Controversy Upends a Contest About Microscopic Videos
Nikon announced that it had disqualified the winner of its Small World in Motion competition over how A.I. was used in his submission.
Analysis: Trump's shock Russia deal highlights mounting pressure to curb fuel prices
The US president hopes to ease his party's pain before next month's midterm elections, writes the BBC's North America correspondent.
Trump Announces White House Inquiry Into Fed Governor Lisa Cook
President Trump said the White House would investigate unsubstantiated claims that Lisa D. Cook committed mortgage fraud and hold a hearing next month.
Private Medicare Plans Are Raising Costs And Forcing Millions To Find New Insurance
As enrollment for Medicare Advantage begins this month, older Americans are confronting fewer options because insurers are discontinuing coverage in many areas.
Trump wants to reduce the cost of fuel as the midterms loom - will it work?
The price of fuel has soared as the cost of living emerges as a key issue for millions of Americans.
Target Says It’s Not Working With ICE Amid Uproar Over Parking Lot Use
The retailer came under attack for being a staging area for immigration officers after Thursday’s shooting in New York City.
China and Europe Step Back From Trade War With Limits on Chinese Car Exports
The European Union said the deal could roughly halve shipments of hybrid vehicles from China in the next four years. But it also could lead to an even stronger Chinese auto industry.
How Correspondent Banking Can Enable Sanctions Evasion
The correspondent system for banking has enabled globalism — and has been exploited by companies trying to skirt U.S. sanctions.
Trump Sends Obamacare ‘Refund’ Checks Ahead of Midterm Elections
The $500 checks are accompanied by a letter signed by the president that criticizes the Biden administration for overcharging Americans for health insurance.
Burnham promises to curb non-compete rules in job contracts
The prime minister says restrictions on what workers can do after leaving roles have "gone too far".