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1. Cuba coastguard kills 4 in firefight with US-registered speedboat

   Cuba’s coastguard shot dead four people and injured six others travelling in a US-registered speedboat in an exchange of fire off the Cuban coast on Wednesday, the interior ministry in Havana said. The “illegal” Florida-registered boat was detected one nautical mile from Falcones Cay in Villa Clara province, the ministry said in a brief statement. As a coastguard vessel approached to identify...

2. Ex-US Treasury chief Larry Summers quits Harvard over Epstein ties

   Former US Treasury secretary Larry Summers has resigned from his teaching post at Harvard University over his links to convicted sex offender Jeffrey Epstein, the Ivy League institution said on Wednesday. Summers, who ran the US Treasury under former president Bill Clinton, was revealed in the Epstein files released by the Department of Justice to have had extensive exchanges with the...

3. Pentagon to spend US$12 billion on surveillance over China’s military build-up in Asia

   The Pentagon plans to spend an additional US$12.6 billion to improve surveillance of China’s military manoeuvres, submarines and satellites as the US tries to counter the “unprecedented Chinese military build-up” in Asia, according to a budget document sent to Congress. The funds, approved by Congress outside the normal budget process, are designed to improve US military readiness, offensive...

4. Rare move to take income out of Exchange Fund to pay for Northern Metropolis, other big projects

   The Hong Kong government has produced a consolidated surplus earlier than expected, its first in four years, ahead of a rare transfer into coffers from the Exchange Fund and other sources. Wednesday’s budget pointed to fund transfers of HK$127.83 billion (US$16.35 billion) and an 11.1 per cent jump in government revenues contributing to another surplus for 2026-27, on top of the one for the...

5. Hong Kong Biodiversity Strategy and Action Plan 2035: Building a Beautiful Hong Kong Where People and Nature Thrive in Harmony

   [The content of this article has been produced by our advertising partner.] Achievements of the Hong Kong Biodiversity Strategy and Action Plan In 2016, the Government launched the Biodiversity Strategy and Action Plan (BSAP), working in concert with all sectors of the community to protect Hong Kong's precious ecological resources and advance sustainable development. The initial phase of the...

6. Bill Gates says he had affairs with 2 Russian women, denies ties to Epstein’s victims

   Bill Gates has admitted making a “huge mistake” in associating with Jeffrey Epstein, telling staff at his charity foundation that he had affairs with two Russian women but denying involvement in the disgraced financier’s crimes. The Microsoft co-founder is among the prominent names appearing in documents released by the US Justice Department that revealed close friendships, illicit financial...

7. Hong Kong’s virtual asset sector considered for taxation under policy review

   A new government committee tasked with reviewing Hong Kong’s tax policies will consider updating them to allow for levies on the virtual asset sector and selected emerging industries, while providing incentives to attract business and investment, the South China Morning Post has learned. The SCMP learned of the development on Wednesday as experts called for Financial Secretary Paul Chan Mo-po to...

8. Hong Kong to set up first national innovation centre outside mainland China

   Hong Kong will establish the first national manufacturing innovation centre outside mainland China and a high-level steering committee to spearhead AI development, the finance chief has said, as the city seeks to align with the country’s 15th five-year plan. Financial Secretary Paul Chan Mo-po also unveiled a citywide artificial intelligence (AI) literacy drive in Wednesday’s budget, earmarking...

9. Canada approves all Gulfstream jets, ‘backing down’ to Trump’s tariff threats

   Canada’s aviation regulator certified the remaining Gulfstream private jet models that US President Donald Trump asked it to approve, a move which let the White House claim a win in its trade dispute with Canada. The certifications of Gulfstream’s GVIII-700 and GVIII-800 models, the largest business aircraft made by the unit of General Dynamics, were issued on Monday by Transport Canada. Trump...

10. Hong Kong bets big on innovation, AI and finance in line with national goals

    Hong Kong is betting big on innovation, artificial intelligence and redoubling its focus on its international financial centre role as it aligns its economic future with the country’s development goals, the financial secretary has said while unveiling a budget allocating billions of dollars to these sectors. Paul Chan Mo-po on Wednesday spotlighted the development of the Northern Metropolis...