Author: Press Room

Hong Kong has been stepping up its attempts to become Asia’s prime hub for trading digital assets, including a series of new regulations to achieve its ambition of attracting global investors. The move comes as competition from the US and other countries in the Asia-Pacific region, led by Singapore, intensifies.Law practices in the Chinese territory have been supporting lenders in the rollout of pioneering products, including digital bonds and tokenised gold, that are designed to grab the territory a slice of this global digital asset market with an estimated market capitalisation of $3tn.“Hong Kong wants to make itself a digital…

Port Adelaide coach Ken Hinkley reckons his players suffer “short-term memory loss”.”Sometimes we forget what it is that is really critical to us,” Hinkley said ahead of an acid test against Geelong at Adelaide Oval on Saturday.”We get a reminder (in a loss) and then we come out and play pretty consistent footy – that is the team we want to be and the team we need to be.”The 13th-placed Power have struggled for consistent traction with a three-game winning run followed by consecutive losses entering the Cats game.And seventh-placed Geelong travel with fresh recent Adelaide Oval success.Coach Chris Scott’s…

Barcelona win back the La Liga title from rivals Real Madrid with a 2-0 win at neighbours Espanyol.Barcelona clinched its 28th Spanish league title after Lamine Yamal starred in its 2-0 win at crosstown rival Espanyol. Yamal scored in the 53rd minute of a tight match on Thursday, when the teenage phenom slid past two defenders along the edge of the area before he whipped one of his now-trademark left-footed curlers into the corner of the net. Fermin Lopez scored in stoppage time to seal the win, but it was Yamal’s strike that stole the headlines and was a fitting…

Education Secretary Linda McMahon questioned Harvard University President Alan Garber’s decision to take a 25% pay cut, saying she’s not sure how that shows the university is changing policies on antisemitism or racial discrimination.A Harvard University spokesperson told Fox News Wednesday Garber agreed to take a 25% reduction in pay for the 2025-26 school year after the Trump administration cut $2.2 billion in funding to the university.McMahon was a guest on FOX Business’ “The Evening Edit” Thursday, and she opened up about the situation at the elite Ivy League institution and Garber’s reduction in pay.”I’m not quite sure today with…

U.S. Customs and Border Protection officers in Baltimore seized $875,000 in marijuana after it was discovered in a shipment disguised as men’s overalls.Officers found more than 200 pounds of the psychoactive drug concealed inside 155 vacuum-sealed packages April 29, according to a press release from CBP.The drug-filled packages were being shipped via air cargo to Belgium and were labeled as “brace overalls for men / heavy duty workwear bib.”CBP SEIZES MASSIVE HAUL OF 150,000 ILLEGAL CIGARETTES FROM CRUISE PASSENGERS IN CALIFORNIA U.S. Customs and Border Protection officers in Baltimore seized $875,000 in marijuana after it was discovered in a shipment…

The spring sitting of Alberta’s legislature began under the cloud of a health-care contract corruption scandal and ended with a firestorm of renewed separatist angst. The sitting, which wrapped late Wednesday, saw Premier Danielle Smith’s United Conservative government pass 19 pieces of legislation. Included were bills to lower the bar for citizen-initiated referendums to take place, force those suffering from addiction into treatment without consent and to set the stage for a provincial police force.Also passed was legislation to regulate online gambling, overhaul the provincial auto insurance scheme to something similar to a no-fault system, and strip municipal councils from…

Walmart’s business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer’s former U.S. CEO.Bill Simon, who ran Walmart U.S. from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs.”If you look down deep and dig into the details of their earnings release today, you know this quarter they grew their gross profit margin in the U.S. business 25 basis points. So, they’re expanding their margin. They also reported their general merchandise categories were flattish because they had mid-single digit price deflation,” he told CNBC’s “Fast Money” on Thursday, the…

US law enforcement officials are looking into a social media post by former FBI Director James Comey depicting an image of “8647,” which some Trump supporters interpreted as a threat against President Donald Trump.Comey, who was fired by Trump in 2017, took down the post later on Thursday, saying he was unaware the apparent political message could have been associated with violence.In US parlance the number 86 can be used as verb meaning to throw somebody out of a bar for being drunk or disorderly, and 47 is code for Trump, the 47th president. Some Trump supporters interpreted the message…

If Beijing ends up with a lower US tariff rate than Southeast Asian countries after Aug 12, the latter’s relative attractiveness as an investment and manufacturing alternative to China could be “diminished”, said Joanne Lin, senior fellow and co-coordinator of the Association of Southeast Asian Nations (ASEAN) Studies Centre at Singapore’s ISEAS-Yusof Ishak Institute. “This is especially concerning for countries like Vietnam, Malaysia and Indonesia, which have benefited from Chinese firms relocating production during the height of the US-China trade tensions,” she said. “A lower tariff regime for China would reduce the incentive for these relocations and could slow foreign…

In SummarySub-Saharan African nations top the list of weakest dollar exchange rates in Africa as of May 2025.A weak dollar exchange rate reflects the state of the country’s internal and external debts, trade issues, and economic stability.As of September 2022, the Ghanaian Cedi was the weakest currency in Africa—losing 40% of its worth in that year alone. But today, it ranks as one of the strongest currencies on the continent.Deep Dive!!The exchange rates of local currencies in Africa to the US Dollar remain a crucial indicator of economic outlook, fiscal management, and trade stability. However, it is important to note…