Hong Kong must brace for AI bubble risk and quantum computer threat: HKMA chief
Hong Kong has to brace for the emerging risks of an artificial intelligence (AI) bubble bursting and quantum computers capable of hacking encrypted financial systems, the city’s de facto central banker has warned.
Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), also said on Sunday that the banking regulator would focus on expanding the internationalisation of the yuan in the next few years.
Speaking on a radio show, Yue cautioned that current euphoria surrounding the AI sector could mask vulnerabilities, and
Doctor given 9‑month ban over misconduct in case that left boy disabled for life
A Hong Kong paediatrician has been removed from the General Register for nine months, without suspension, after being found guilty of professional misconduct by the medical watchdog over an incident that left a boy permanently disabled more than 16 years ago.
In a verdict on Sunday, Dr Sit Sou-chi was convicted of failing to carry out all necessary and immediate investigations on newborn Li Yuanjian, the son of a mainland Chinese couple, after the infant suffered a seizure on December 22, 2009, at Baptist Hospital
Vance hopes Burnham delivers ‘structural change’ amid ‘broken’ UK politics
US Vice-President J.D. Vance said Britain had been “failed by its leadership for a long time”, adding that he hoped the country’s next prime minister could deliver the structural change voters were seeking after years of political turmoil.
In an interview with the Sunday Times newspaper, Vance said frequent changes of government pointed to deeper problems in British politics.
Prime Minister Keir Starmer announced last month he would step down after two years in office, paving the way for Britain’s
Chinese foreign minister calls on Sweden to help rebuild trust between the countries
Chinese Foreign Minister Wang Yi has urged Sweden to help rebuild trust between the two countries and cultivate a “correct perception” of each other despite their frictions in recent years.
“Sweden was the first Western country that established diplomatic relations with China, which showed Sweden’s independence and strategic foresight while setting an example globally,” Wang told Prime Minister Ulf Kristersson in Stockholm on Saturday, according to the Chinese foreign ministry.
“Although China-Sweden
Minefields, stalled talks keep Strait of Hormuz in strategic limbo
The future of energy exports through the Strait of Hormuz hangs in the balance after negotiations between Iran and the United States in Doha this week ended without an agreement on releasing frozen funds to the Islamic Republic.
With Tehran also failing to begin demining the strait, and still threatening to attack ships attempting to leave the Gulf without its permission, neither side has yet met the two key obligations under their June 17 memorandum of understanding (MOU) to freeze the conflict launched by the US and Israel on February 28.
Until
At Khamenei’s funeral, Iranian poet says ‘world is no longer a good place’ for Trump
A performer at the funeral for Iran’s late supreme leader Ayatollah Ali Khamenei called for the death of US President Donald Trump before a crowd of hundreds of thousands of people on Sunday in the capital, Tehran.
The comment represents the first, direct call for Trump’s death by an emcee at the funeral, which has seen posters and graffiti calling for the killing of Trump and Israeli Prime Minister Benjamin Netanyahu. That has been a hardline demand even as Tehran negotiates with the US over a permanent end to the war
As Bali battles rabies surge, does dog meat raise the risk?
In a quieter part of western Bali, far from the crowds and chaos of the south, a 38-year-old housewife was bitten by a stray cat while hanging out laundry in May.
Within weeks, she was dead: one of five people killed by rabies on the Indonesian resort island so far this year.
The following month, a rabid dog kept as a family pet in the same region, Jembrana regency, attacked two
Hong Kong restaurants spend to welcome furry diners under pet-friendly scheme
Pet strollers, partitions and pre-dining briefings for customers are among the measures Hong Kong restaurants are taking ahead of the launch of a scheme allowing dogs into eateries next week.
Dim sum restaurant Old Fung Tea House, with six outlets across the city, is among 833 eateries that will allow dogs to enter starting on Thursday under a policy by the Food and Environmental Hygiene Department aimed at developing the pet economy.
Owner Fung Man-kit said he invested about HK$10,000 (US
Energy transition scientist Chen Peipei leaves Cambridge to build her own lab in Hong Kong
Chinese AI chip start-up exits stealth mode, bets on 3D stacking to bypass US controls
A Chinese artificial intelligence chip start-up led by industry veteran Wei Shaojun has emerged from stealth mode, joining giants like Huawei Technologies in betting on 3D stacking to bypass US tech export controls.
Dongfang Suanxin, a company headed by Wei, who is also vice-president of the China Semiconductor Industry Association, has stepped into the spotlight by launching a corporate website and social media account, positioning itself as a new but formidable player in China’s AI computing sector.
The move on Wednesday, which marks the first
