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South China Morning Post
5 hours ago
- South China Morning Post
US tech CEO in viral Coldplay concert video resigns
The CEO of an American tech company resigned Saturday after a video of him embracing an alleged colleague at a Coldplay concert went viral and fuelled relentless memes. 'Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met,' New York-based Astronomer said in a statement shared on LinkedIn. 'Andy Byron has tendered his resignation,' the firm said, after previously launching an investigation. During a Coldplay concert in Foxborough, Massachusetts on Wednesday, the jumbotron zoomed in on a man and a woman embracing in the stands. But the canoodling pair appeared shocked and horrified when they spotted themselves on the big screen, with the man ducking out of frame and the woman hiding her face. 'Uh-oh, what? Either they're having an affair or they're just very shy,' joked Coldplay frontman Chris Martin.
South China Morning Post
7 hours ago
- South China Morning Post
Why the global balance of power is shifting in China's favour
In recent years, the world has entered an acute phase of geopolitical confrontation, driven by structural problems such as trade imbalances. Historically, such crises have often been addressed through military conflicts aimed at weakening rivals and redirecting financial and trade flows. This logic is examined in The Price of War, a study of conflicts spanning over 150 years. Advertisement Since most major powers today possess weapons of mass destruction for deterrence, confrontation has largely taken on a hybrid form. Yet the United States' drive to solve domestic problems at others' expense remains, especially in its relations with China, Russia and the European Union. The toolbox of weapons has expanded to include economic tools such as tariffs or tech restrictions designed to limit the development of highly value-added industries. The White House might be confident about this arsenal, but US President Donald Trump's policies of tariffs, tax cuts and pressure on the US Federal Reserve have coincided with a weakening US dollar . Meanwhile, efforts to reduce the trade deficit have diminished both Washington's global role and overall investor confidence. The US dollar remains Washington's key economic weapon. But its declining status weakens US geopolitical influence. Since 2000, the US dollar's share in global reserves has fallen from 71 per cent to below 60 per cent. A recent study by the International Monetary Fund suggests that in times of rising global tension, countries diversify their currency holdings. The S&P 500's record performance , when measured in other major currencies, reveals a shift in the global financial system. Recent events are dispelling the illusion of US economic invincibility. Advertisement These trends are especially clear when viewed through a multidimensional national power index based on dozens of indicators such as demographics, technology, economy and military strength. My team at the Central Economics and Mathematics Institute of the Russian Academy of Sciences has developed a method to rank countries based on power.
RTHK
8 hours ago
- RTHK
Zelensky proposes another round of talks with Russia
Zelensky proposes another round of talks with Russia Zelensky said the Russian side must stop avoiding decisions, and that a meeting of leaders from both sides is needed to truly ensure peace. File photo: Reuters Kyiv has proposed to Moscow a new round of peace talks next week, Ukraine's President Volodymyr Zelensky said Saturday, hours after Russian strikes across Ukraine claimed more lives. Two rounds of talks in Istanbul between Moscow and Kyiv have failed to result in any progress towards a ceasefire, instead yielding large-scale prisoner exchanges and deals to return the bodies of killed soldiers. "Security Council Secretary that he had proposed the next meeting with the Russian side for next week," Zelensky said in his evening address. "The momentum of the negotiations must be stepped up," he added. Zelensky reiterated his readiness to have a face-to-face sitdown with Putin. "A meeting at the leadership level is needed to truly ensure peace - lasting peace," he said. At talks last month, Russia outlined a list of hardline demands, including calls for Ukraine to cede more territory and to reject all forms of Western military support. Kyiv dismissed them as unacceptable and at the time questioned the point of further negotiations if Moscow was not willing to make concessions. The Kremlin said earlier this month it was ready to continue talks with Ukraine after US President Donald Trump gave Russia 50 days to strike a peace deal or face sanctions. Trump also pledged to supply Kyiv with new military aid, sponsored by Nato allies, as its cities suffer ever-increasing Russian aerial attacks. Russia has escalated long-range aerial attacks on Ukrainian cities as well as frontline assaults and shelling over recent months, defying Trump's warning. Most lately on Saturday, it had fired missile and drone strikes that killed three people across Ukraine. Two people died after a Russian missile hit Ukraine's central Dnipropetrovsk region, an important industrial hub, into which Russia's forces have recently advanced. An earlier Russian salvo of 20 drones on the Ukrainian port city of Odesa killed at least one person overnight. Russia had to suspend trains for about four hours overnight, causing extensive delays in the southern Rostov region, when it came under a Ukrainian drone attack that wounded one railway worker. Moscow and Kyiv are menacing each other with swarms of cheap drones to overwhelm each other's air defence, as the warring sides said on Saturday they had intercepted hundreds of drones, now launched in large amounts almost daily. As part of the Istanbul agreements, Kyiv received 1,000 soldiers' bodies on Thursday, while Russia said it had received 19 from Ukraine. The European Union on Friday agreed an 18th package of sanctions on Moscow that targets Russian banks and lowers a price cap on oil exports, in a bid to curb its ability to fund the war. (AFP)
