Hong Kong Fintech News, Cryptocurrency Stories, Business Press Releases

Burkina Faso’s coup leader named transition president

Captain Ibrahim Traore, Burkina Faso's new president, attends a ceremony in Ouagadougou, on Oct 15, 2022. (OLYMPIA DE MAISMONT / AFP) OUAGADOUGOU – Captain Ibrahim Traore, who led a coup to topple Lieutenant Colonel Paul-Henri Sandaogo Damiba on Sept 30, has been officially appointed to lead the transitional period of Burkina Faso, according to a […]

IMF chief warns of risk of geopolitical fragmentation

International Monetary Fund Managing Director Kristalina Georgieva speaks during the 2022 annual meeting of the International Monetary Fund and the World Bank Group, Oct 14, 2022, in Washington. (MANUEL BALCE CENETA / AP) WASHINGTON – There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative impacts, the International Monetary Fund (IMF) […]

Italy selects leadership for two houses of parliament

Deputy Federal Secretary of the League party Lorenzo Fontana reacts after being elected as the new speaker of the lower House of Parliament, in Rome, Italy, Oct 14, 2022. (Guglielmo Mangiapane / Reuters) ROME – Lorenzo Fontana, a two-time minister from a party likely to be a junior member of the next Italian government coalition, […]

Jeremy Hunt replaces Kwarteng as UK chancellor

In this July 8, 2019 photo, the then British Foreign Secretary Jeremy Hunt listens to a question during a press conference with the Bishop of Truro Philip Mounstephen about the Bishop's final report into the Foreign Office's support for Persecuted Christians around the world, in London. (AP PHOTO/ALASTAIR GRANT, POOL, FILE) LONDON – Jeremy Hunt, […]

Vice-president calls for efforts on safeguarding peace in Asia

Vice-President Wang Qishan attends the sixth summit of the Conference on Interaction and Confidence Building Measures in Asia in Astana, Kazakhstan, on Oct 13, 2022. (PHOTO / XINHUA) Vice-President Wang Qishan called for efforts to implement the Global Security Initiative to seek common, comprehensive, cooperative and sustainable security to safeguard peace and stability in Asia, […]

UN chief asks G20 to steer global economic recovery

In this file photo dated Sept 9, 2022, United Nations Secretary General Antonio Guterres speaks during a joint press conference with Pakistani Foreign Minister Bilawal Bhutto Zardari (not pictured) at the Foreign Ministry in Islamabad. (GHULAM RASOOL / AFP) UNITED NATIONS – UN Secretary-General Antonio Guterres on Thursday called on the Group of 20 (G20) […]

5 dead after shooting in US state of North Carolina

Law enforcement officers congregate outside an armored vehicle at the Aldi on New Bern Avenue in Raleigh after five people were shot and killed in the Hedingham Neighborhood and Nuese River Trail area in Raleigh, North Carolina, United States, Oct 13, 2022. (TRAVIS LONG / THE NEW 7 OBSERVER VIA AP) WASHINGTON — At least […]

4,500 health workers died battling COVID-19 in Brazil

A medical worker collects a swab from a woman for a COVID-19 test at a health center in Rio de Janeiro, Brazil, on March 16, 2022. (WANG TIANCONG / XINHUA) SAO PAULO / MOSCOW – As many as 4,500 health workers died in Brazil after contracting COVID-19 while working to save lives during the pandemic, […]

UK foreign minister calls ousting PM Truss a ‘bad idea’

A video grab from footage broadcast by the UK Parliament's Parliamentary Recording Unit shows Britain's Prime Minister Liz Truss (center) speaking, flanked by, Britain's Chancellor of the Exchequer Kwasi Kwarteng (left) and Britain's Foreign Secretary James Cleverly during her first weekly Prime Minister's Questions session at the House of Commons, in London, on Sept 7, […]

UK minister shies away from committing to retaining tax policy

A retail store with closing down sign is seen in London, Britain, Sept 30, 2022. (MAJA SMIEJKOWSKA / REUTERS) LONDON – Foreign minister James Cleverly shied away from confirming or denying whether the government would retain its policy on low corporation tax on Thursday, saying only it was important to keep businesses competitive. The chancellor […]

European Commission proposes granting BiH EU candidate status

The national flag of Bosnia and Herzegovina (left) is pictured next to the European Union flag during a welcoming ceremony for Bosnia's Chairman of the Council of Ministers, at the Chancellery in Berlin, on Aug 13, 2018. (ADAM BERRY / AFP) SARAJEVO – The European Commission on Wednesday recommended that Bosnia and Herzegovina (BiH) be […]

Russia accuses Ukraine of organizing Crimea bridge blast

In this Oct 8, 2022 file photo, a helicopter drops water to stop fire on the Crimean Bridge connecting the Russian mainland and Crimean peninsula over the Kerch Strait, in Kerch, Crimea. (PHOTO / AP) MOSCOW/KYIV/WASHINGTON – The Russian Federal Security Service (FSB) said on Wednesday that the Ukrainian military was responsible for a recent […]

South Africa’s busiest port Durban hobbled by strike

Cargo vessels are seen at the Port of Durban harbor in Cape Town on July 27, 2021. (RAJESH JANTILAL / AFP) Staff shortages caused by an ongoing strike over wages are impacting container and car terminals at South Africa's Durban port, one of the busiest on the continent, a unit of state-owned logistics company Transnet […]

US clears updated COVID booster shots for kids as young as 5

A vaccinator draws a Pfizer-BioNTech coronavirus disease (COVID-19) pediatric vaccine in Lansdale, Pennsylvania, US, Dec 5, 2021. (HANNAH BEIER / REUTERS) MOSCOW / LOS ANGELES – US health regulators authorized the use of Omicron-tailored COVID-19 booster shots from Moderna Inc and Pfizer Inc in children as young as five, a move that will expand the government's fall […]

G7 finance leaders pledge to intensify climate efforts

G7 finance leaders pledge to intensify climate efforts

WASHINGTON – Finance leaders from the Group of Seven on Wednesday pledged to increase emissions reductions efforts and climate support for developing countries despite energy cost and security challenges prompted by Russia's special military operation in Ukraine. The G7 finance ministers and central bank governors reaffirmed in a statement their commitment to achieving net zero […]

Putin offers additional gas supply to Europe

Russian President Vladimir Putin addresses a plenary session of the Russian Energy Week forum in Moscow on Oct 12, 2022. (ALEXEY MAISHEV / SPUTNIK / AFP) MOSCOW / PRAGUE – Russia is ready to deliver additional volumes of natural gas to the European Union in the autumn-winter period, President Vladimir Putin said Wednesday. One of […]