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1. Recession fears grip markets as energy facilities come under fire in Middle East

   A recession mindset took hold among global investors after strikes on energy infrastructure in the Middle East heightened fears that disruption to production and distribution would keep oil prices elevated for longer, darkening the global economic outlook. Crude prices staged a comeback on Thursday after Iran attacked a liquefied petroleum gas site in Qatar in retaliation for Israel’s strikes on...

2. Filipino jeepney drivers struggle as oil prices surge: ‘what we earn goes to diesel’

   The ripple effects of the war in ⁠the Middle East are hitting home hard for ⁠Filipino jeepney driver Toni Prado, whose daily earnings have been gutted by soaring fuel prices. He was one of thousands of jeepney drivers who took to the streets across the country on Thursday to protest a more than doubling ‌of local diesel prices after global oil prices surged because of the US-Israel war on...

3. SFC prepares to inspect Hong Kong IPO listing sponsors amid quality concerns

   Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular, which outlined expectations on staffing and...

4. Gen Z Filipinos lead collapse in support for Duterte ICC case

   Growing disinformation in the Philippines and distrust in authorities could have led to a sharp drop in public support, particularly among Gen Z Filipinos, for the International Criminal Court’s (ICC) proceedings against former president Rodrigo Duterte and his deadly war on drugs. Only 32 per cent of Filipino respondents of different age groups approved the ICC’s move to prosecute Duterte in...

5. Shanghai certifies 30 overseas offices amid China’s investment sales pitch

   Shanghai certified 30 new regional headquarters of multinational corporations and 15 research and development centres funded by overseas entities on Wednesday – a sign of continued interest in the Chinese financial hub despite an overall decline in the country’s foreign direct investment (FDI). Of the companies whose headquarters and R&D centres were certified this week in a ceremony hosted by...

6. EU inspects Druzhba pipeline in bid to unclog Hungary’s block on Ukraine aid

   European Union experts have arrived in Ukraine to assess the condition of the Druzhba oil pipeline, state energy firm Naftogaz said, after its closure in January caused a row with Hungary that is blocking an EU loan to Kyiv. The EU last week proposed sending a mission to inspect the pipeline. Ukraine later said it had accepted the EU offer of technical support and funding to restore oil flows...

7. A troubled US aircraft carrier is moving away from Iran. Does it reflect bigger problems?

   Recent mishaps involving the USS Gerald R. Ford suggest America’s military is overstretched and its industrial base has been weakened, according to Chinese analysts. The warship – the world’s most advanced nuclear-powered aircraft carrier – has been supporting the US operation against Iran in the Red Sea. But US media reported this week that it would head to Greece for repairs after a 30-hour...

8. Swallowing pieces of silk, eating cacti or just 1 meal a day – all in pursuit of thinness in ancient China

   Long before calorie counting and healthy diets, women in ancient China were already under intense pressure to stay slim, even swallowing cacti or silk in pursuit of what was perceived as perfection. Many assume ancient Chinese women prized fuller figures, but the reality was more nuanced. The Tang dynasty (618–907) is often cited as the classic example, thanks in part to figures such as the...

9. Tribute to towering jurist: how the late Sir Anthony Mason shaped Hong Kong courts

   Sir Anthony Mason, one of Hong Kong’s first and greatest justices to sit on our Court of Final Appeal, passed away on Tuesday at the age of 100. Not only was he a towering jurist in the common law world, but his contribution to Hong Kong’s legal system, particularly in its formative post-1997 years, was both profound and enduring. Sir Anthony served on the High Court of Australia for 23 years,...

10. Blooming marvellous: Tokyo’s cherry blossom season officially begins

    Tokyo’s meteorologists declared the start of the much-loved cherry blossom season in the Japanese capital on Thursday, as residents prepare to host outdoor picnics under dazzling floral displays. The cherry season for Tokyo starts when the official sample tree at Yasukuni Shrine opens at least five flowers. “Today, the blooming of the Somei Yoshino cherry blossoms was observed,” the Tokyo...