Iran and US trade more attacks as Houthis threaten blockade

Iran targeted US radar and air defence installations in the Gulf on Tuesday, warning Washington of “more decisive and powerful” attacks to come as the conflict threatened to widen with a blockade of Saudi ports by Houthi rebels in Yemen.

Iran’s Revolutionary Guards said they had attacked and stopped two “non-compliant oil tankers” attempting to transit the Strait of Hormuz, part of an effort to tighten its grip on the vital waterway while the war reignited.

Following the deaths of at least three US soldiers in the past


SpaceX slump fails to dent Hong Kong tech as investors seen pivoting

A sharp pullback in US space-technology giant SpaceX and renewed valuation pressure on Wall Street’s tech heavyweights are unlikely to trigger a major sell-off in Hong Kong equities, according to analysts, who note that local tech firms operate under distinct business models and lack the stretched valuations of their overseas peers.

“I don’t think there will be much impact” in Hong Kong, said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional Commentators.

He explained that the


Asia-Pacific cyberscam victims lost up to US$114 billion last year: UN

A Thai soldier walks near small booths lined with acoustic foam used to make scam calls inside a compound in Cambodia’s O’Smach border town on February 2. Photo: Reuters

Victims of transnational online scams in East Asia, Southeast Asia, Australia and New Zealand lost up to US$114.1 billion last year, a UN report said on Tuesday, with estimated losses at least tripling from 2023.
Southeast Asia, especially Cambodia and Myanmar , has emerged as a regional hub for crime syndicates running fake romance and cryptocurrency investment schemes in which scammers – some willing, others trafficked – defraud

Teenager sent to detention centre for attempted voyeurism in school toilet

Defendant set to spend up to six months at Sha Tsui Correctional Institution, with magistrate urging teenager to reflect on his actions

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Young male offenders at the Sha Tsui Correctional Institution receive strict discipline, strenuous training, hard work and a vigorous routine. Photo: Handout

A 16-year-old Hong Kong student has been sentenced to up to six months at a detention centre for attempted voyeurism after he admitted to trying to spy on a female pupil in a


Japan says Chinese and Russian warships held live-fire drills within its EEZ

Japanese defence ministry confirms the navy vessels were spotted in the Pacific, southwest of the remote Okinotori Island

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The Chinese and Russian ships were seen about 330km southwest of Okinotori Island, according to Japan’s defence ministry. Photo: Wikipedia

Chinese and Russian navy ships were spotted conducting joint live-fire drills within Japan’s claimed exclusive economic zone in the Pacific Ocean on Sunday, its defence ministry said.
Japanese Defence Minister Shinjiro Koizumi first revealed that the two navies had held drills in Japan’s EEZ during an address to the Farnborough
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India joins China, US in commercial space race with Skyroot launch

This Week in Asia Politics

Skyroot’s Vikram-1 rocket lifted off on Saturday, carrying customer payloads and in-orbit experiments on its maiden orbital mission

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Indian space start-up Skyroot Aerospace launches its Vikram-1 rocket at the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, on Saturday. Photo: Reuters
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Man arrested over unauthorised investments resulting in loss of HK$150 million

The source named the firm involved as Chief Securities, which is located in Central. Photo: Edmond So

Hong Kong police have arrested a man on suspicion of making unauthorised investments using assets from a securities brokerage, resulting in an estimated loss of HK$150 million (US$19.1 million), the South China Morning Post has learned.

A source said on Tuesday that the suspect was a 26-year-old investment manager


South Korea defence minister faces fresh accusations of army desertion over 40 years ago

Ahn Gyu-back’s accuser claims a gap in his military record reflected an absence without leave. Ahn has called it an ‘administrative error’

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South Korean Defence Minister Ahn Gyu-back speaks during a ceremony at the navy’s 2nd Fleet Command in Pyeongtaek on June 29. Photo: Yonhap/EPA

Questions surrounding South Korean Defence Minister Ahn Gyu-back’s military service have resurfaced, with the government and his accuser offering conflicting accounts of what happened more than four decades ago.

At the centre of the dispute is a gap in Ahn’s

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In Indonesia’s island paradise, slavery remains a daily reality

Two hours from the tourist beaches of Bali, slavery is alive and well on the Indonesian island of Sumba, where people are still born into bondage.

They work from dawn to dusk without pay, are passed on in marriage, and are sometimes beaten and raped by their masters. Yet most are resigned to their fate because their status “cannot be wiped away”, as one young slave – or ata – Kanisius Kanyali Hambarita said.

Slavery has been illegal in what is now Indonesia for more than 160 years

Umbu Ana Rara feeds his chickens as part of household chores that he shares with his “ata” at Tanggedu village in East Sumba. Photo: AFP

HKEX to allow confidential filings, lower market cap threshold for start-ups, sources say

HKEX is moving towards closed listings to compete with exchanges in other countries which allow for confidentiality

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The Hong Kong Exchanges and Clearing (HKEX) in Central on July 17. Photo: Karma Lo

Hong Kong Exchanges and Clearing (HKEX) would proceed with its listing reform to allow confidential filings and a lower market capitalisation requirement, as part of the exchange operator’s plan to increase its international competitiveness, two sources told the