Russian drone factory boss badly injured in car blast that kills driver

The director of a factory supplying drones to the Russian military was badly wounded and his driver was killed when the car they were in exploded, news reports said on Wednesday.

The state Tass and RIA Novosti agencies said that Vladimir Tkachuk was hospitalised in grave condition following the explosion late Tuesday in Bolshoy Istok just outside Yekaterinburg, 1,400km (about 870 miles) east of Moscow.

There was no immediate comment from the authorities.

Tkachuk headed the Uraldronzavod factory that manufactures Upyr (Russian for Ghoul)


Hong Kong stock regulator flags more companies for share concentration

Hong Kong’s securities regulator has put a spotlight on highly concentrated shareholding this year, a move interpreted by market analysts as a warning about sharp price swings on small-cap stocks.

For example, the controlling shareholder and 18 shareholders of Desun Real Estate Investment Services Group, a Sichuan-based property management firm, held a combined 99.53 per cent of total issued shares as of July 21, according to an SFC announcement on Monday.

The firms cited by the SFC are small- and


The Great Solar Wall: China doubles down on its ambitious effort to tame deserts

Desert regions are transforming into clean energy hubs that also halt desertification and create habitat for plants and wildlife

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China’s goal is for large-scale clean energy projects in its arid regions to reach an installed capacity of 455GW by 2030. Photo: Xinhua

Following in the footprints of its ambitious Great Green Wall , China is leaning into a solar-powered pivot as part of its decades-long effort to tackle desertification in the arid north.
The expanding Great Solar Wall initiative, centred

‘Lyrical Maverick’ Peter Lai, who wrote multiple hits for Cantopop stars, dies at 76

Legendary Hong Kong lyricist Peter Lai Bei-dak, who wrote the lyrics to a string of hits for the city’s Cantopop stars in the 1980s, has died at the age of 76, triggering an outpouring of condolences from fans of “The Lyrical Maverick”.

Sports commentator Eric Chung Chi-kwong, a close friend of Lai, announced his death on Wednesday. He told the media that Lai had moved into a nursing home earlier this year after suffering a stroke and collapsing at home

Peter Lai hosts a Youtube talk show organized by entertainment company WSM Entertainment Limited. Photo: Handout

What caused a near miss between 2 jets near Tokyo – and what can China learn?

The incident, which at one point saw only 20 metres separating the planes, offers lessons for Chinese regulators and operators, analysts say

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All Nippon Airways planes are seen at Haneda airport in Tokyo. Photo: AP

A near-miss on Tuesday involving an All Nippon Airways (ANA) plane coming dangerously close to another jet while approaching Tokyo’s Haneda Airport from Shanghai has thrown aviation safety back into focus


Heaps of documents, endless trials: the herculean workload of Hong Kong’s judges

My 18-year-old summer intern is very scared of me.

She spent the entire week watching me sit in front of my computer, in complete silence, motionless except for the occasional click of the mouse to move to the next electronic document, and barely breathing. She told me this could not be further from what she imagined a barrister’s life to be. And there was one thing she was particularly puzzled by: why were there so many documents?

There were, indeed, many documents –


Hong Kong needs regenerated districts, not piecemeal renewal

Illustration: Rocio Marquez

Francis Neoton Cheung is the chairman of Doctoral Exchange, a public policy research collective, and a former member of the Land and Building Advisory Committee.

Hong Kong’s redevelopment policy is approaching an institutional turning point. Recent government proposals – pilot schemes for additional plot ratios and cross-district plot ratio transfers – are presented as new instruments to stimulate redevelopment in ageing districts. Yet they extend the same paradigm that shaped policy for decades: incentivising redevelopment through

Chinese couple lose US$15 million pig farm in false fraud arrest, raising justice questions

A couple from central China saw their business empire, valued at 100 million yuan (US$15 million), collapse and were plunged into debt after being wrongly accused of fraud.

Wang Fei and his wife, Liu Sumin, from Zhumadian in Henan province, began their journey as small-scale farmers before gradually establishing two pig farms. They later expanded into a medicinal herb cooperative and an agricultural technology company.

According to Hongxing News, their businesses were valued at over 60 million yuan, while their


‘Artificial earthquake’ conspiracy theory sweeps Japan after Kumamoto disaster

Experts call the concept ‘unrealistic’, citing technological impossibility and high costs, as misinformation swirls online

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A man holding his pet dog stands in front of a house that collapsed in an earthquake in Japan’s Kumamoto prefecture on July 31. Photo: Reuters
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Does Beijing really have the power to lift up the Australian dollar?

While global markets watched closely for a joint move by Washington and Tokyo to prop up the Japanese yen this week, Australian dollar traders have been laser-focused on the actions of another power: China.

Some analysts view the Australian currency as particularly sensitive to policy moves in Beijing. If China intervenes to boost domestic growth, that could also lift the Australian dollar, the theory goes.

But in reality, the currency’s exposure to the world’s second-largest economy is more selective than commonly assumed, as