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1. Disney theme parks chief Josh D’Amaro to succeed Bob Iger as CEO

   The Walt Disney Company announced on Tuesday that Josh D’Amaro, head of its theme parks division, will replace Bob Iger as chief executive when the entertainment titan steps down in March. D’Amaro, 54, will take the helm on March 18 following a unanimous board vote, the company said. He will succeed Iger, who has led Disney for nearly two decades across two separate stints. “Josh D’Amaro...

2. Pupil stabs, critically wounds teacher in France

   A secondary school pupil stabbed an art teacher in southern France on Tuesday, leaving the 60-year-old in critical condition, a prosecutor said. The pupil, in a class of early teenagers, stabbed the teacher at least three times. He was later arrested on suspicion of attempted murder, said Raphael Balland, the public prosecutor in the southern city of Toulon. There were no known “religious or...

3. Panama could pay heavy price over CK Hutchison ports ruling, Beijing warns

   Beijing has slammed a Panamanian Supreme Court ruling that nullified Hong Kong-based CK Hutchison Holdings’ right to operate two major ports at the country’s canal as “legally unfounded”, warning the Central American nation that it could pay a heavy political and economic price. The Hong Kong and Macau Affairs Office said in a commentary on Tuesday that the ruling was “self-sabotaging” to...

4. Hong Kong to consider HK$3,000 fixed penalty for smoking on construction sites

   Hong Kong authorities are considering changing the proposed fine for smoking on a construction site to a fixed penalty of HK$3,000 (US$385) rather than a maximum of HK$150,000. Secretary for Labour and Welfare Chris Sun Yuk-han said on Tuesday that the initial plan was to amend the Factories and Industrial Undertakings Ordinance, which only stipulates the maximum fine to be determined by the...

5. UK politician Mandelson to quit House of Lords amid Epstein ties, police probe

   British politician Peter Mandelson is quitting the House of Lords as he faces new questions, and a potential police investigation, over his relationship with Jeffrey Epstein. The Speaker of the House of Lords, Michael Forsyth, said on Tuesday that Mandelson had announced he would retire from Parliament’s upper chamber on Wednesday. The announcement came as the British government prepared...

6. Hong Kong developer SHKP’s executive director Maureen Fung resigns on health grounds

   Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, said executive director Maureen Fung Sau-yim resigned with immediate effect on Tuesday due to health issues, according to a stock exchange filing. “Ms Fung has confirmed that she has no disagreement with the board of the company and that she is not aware of any matters in relation to her resignation that need...

7. Why the collapse of the last US-Russia nuclear treaty matters for China and the world

   China on Tuesday urged the United States to “respond positively” to Russia’s offer to maintain nuclear warhead limits ahead of Thursday’s expected collapse of a major US-Russia agreement to control nuclear build-up. Beijing also reiterated its refusal to join trilateral nuclear disarmament negotiations with Washington and Moscow, despite repeated calls for such talks by US President Donald...

8. 1 month after Maduro abduction, Venezuela moves to reassure China its investments are safe

   Venezuela will ensure that Chinese energy, trade and investment interests in the South American country are secure, its envoy to Beijing has said. The reassurance from Remigio Ceballos comes amid growing concern in Beijing that last month’s unprecedented US assault on Venezuela might complicate China’s ties with the resource-rich country and the wider region. “China and Venezuela are trusted...

9. Mainland memory firms eye Hong Kong for funds to fuel ‘global ambitions’

   A number of mainland-based suppliers of memory chips and storage solutions are pursuing share listings in Hong Kong, signalling a strategic change in how the sector aims to fuel its global ambitions, according to analysts. The most watched firm is Shanghai-based Montage Technology, a designer of high-speed interconnect chips for data centres, which is taking orders from institutional investors...

10. Operation Santa Claus raises HK$19 million for Hong Kong fire victims, other causes

    Hong Kong’s annual fundraiser, Operation Santa Claus (OSC), has wrapped up its campaign this year, raising more than HK$19 million (US$2.4 million) for charitable projects and victims of the Tai Po fire – nearly double its target. The campaign, launched on November 4, had aimed to raise at least HK$11 million for 13 charitable projects. However, fundraising intensified less than three weeks...