More Monetary Authority interventions likely, says Standard Chartered
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RTHK
33 minutes ago
- RTHK
Australia PM Albanese confirms China visit
Australia PM Albanese confirms China visit Albanese last visited China in 2023. File photo: AFP Australian Prime Minister Anthony Albanese said on Tuesday that he would visit China from this weekend as Beijing looks to build on partnerships on AI, green energy and the digital economy. "I look forward to going to Shanghai, Beijing and Chengdu, which I will visit from Saturday," Albanese told reporters in Hobart. He did not give more details about his trip. This would be Albanese's second visit to China as prime minister, after his re-election in May. Albanese's first visit to Beijing as Prime Minister in 2023 broke a seven-year freeze in diplomatic ties, and he emphasised the need for communication with China, despite differences between the two trading partners. Albanese's trip comes as China, its largest trading partner, suggested a review of the 10-year-old free trade agreement between the two countries to boost ties in agriculture and mining, and explore growth areas in new technologies. "We are willing to review the agreement with a more open attitude and higher standard," Xiao Qian, the Chinese ambassador to Australia, wrote in The Australian Financial Review on Monday. When asked if Australia would look to expand the free trade deal with China to include AI, Albanese said: "We will determine our policy." (Reuters)
South China Morning Post
an hour ago
- South China Morning Post
Hong Kong and EU are natural partners on 2050 carbon neutral goal
Climate change is one of the defining challenges of our time. Last year marked the hottest on record , and extreme weather is becoming more frequent and more severe. Just last month, scientists warned that we have only three years left to limit global warming to 1.5 degrees Celsius above pre-industrial levels as set by the Paris Agreement. Advertisement This target has long been the pillar of climate efforts worldwide. Our planet is not waiting for us. The European Union and Hong Kong share this conviction: the world must change course, and quickly. We have everything it takes to jointly move ahead on the green transition, not least our shared ambition of achieving carbon neutrality by 2050 . Our ties are close, broad and deep. The EU is one of Hong Kong's major trading partners, with bilateral trade in goods and services amounting to HK$605 billion (US$77.1 billion) and EU investment in the city reaching HK$758 billion last year. We are the largest foreign business community in Hong Kong. For more than half of the roughly 1,600 EU companies based here, Hong Kong serves as their regional headquarters. EU citizens and companies contribute across nearly every sector of Hong Kong's economy and society – from finance, transport and logistics to retail, food and beverage, construction and engineering, as well as Hong Kong's excellent universities and its vibrant arts scene. Many are actively involved in the local green transition, working in green finance, sustainable mobility, clean energy, green infrastructure and waste management. Accordingly, we are contributing not only to Hong Kong's prosperity and vibrancy but are also actively supporting Hong Kong's green transition. Advertisement The EU has long been a world leader on climate action, sustainability and green growth. Importantly, we have busted a long-standing myth. Since 1990, we have reduced emissions by 37 per cent while growing our economy by 68 per cent. This is clear evidence that the green transformation is not a barrier to growth but rather a driver. Furthermore, we are on track to cut emissions by at least 55 per cent by 2030 and are aiming for a 90 per cent reduction by 2040.
South China Morning Post
2 hours ago
- South China Morning Post
Chinese design firm converts swimming pool into office, triggers safety probe
A Chinese decoration company has sparked online controversy and amusement after it converted a drained swimming pool into a temporary office. Advertisement Staff get down to business in the 'deep end' before exiting the office using the original poolside ladders. The quirky set-up came to light after an employee from Luban Decoration Group, based in Chengdu, Sichuan province, southwestern China, posted a video online entitled 'Swimming Pool Transformed into Office Space'. The clip quickly went viral. Company staff get down to work with the original swimming pool safety signs clearly visible. Photo: handout According to Cover News, the company's gym, swimming pool and office area are all on the same floor. A glass door next to the gym takes staff into the so-called pool office.
