Banks want staff back at the office. There aren’t enough desks

Banks want staff back at the office. There aren’t enough desks

[LONDON] Five years after the Covid pandemic fuelled an unprecedented boom in remote work, bank executives have become ever more vocal in their insistence that workers should return to the office. In a growing number of cases, however, they don’t have enough desks. JPMorgan Chase has just signed up for thousands more in the…

Read More

Hong Kong to maintain US dollar peg despite geopolitical tensions

Hong Kong to maintain US dollar peg despite geopolitical tensions

Published Mon, Jun 9, 2025 · 03:02 PM [SHANGHAI] Hong Kong will maintain its currency peg to the US dollar, the financial hub’s leader said in an interview published on Monday (Jun 9), despite escalating geopolitical tensions and some calls to shift to a Chinese yuan peg. The Hong Kong dollar has experienced sharp volatility…

Read More

Newsom plans to sue Trump admin over National Guard deployment to LA even as LAPD chief admits cops are ‘overwhelmed’ by violent anti-ICE riots

Newsom plans to sue Trump admin over National Guard deployment to LA even as LAPD chief admits cops are ‘overwhelmed’ by violent anti-ICE riots

California Gov. Gavin Newsom plans to file a lawsuit against the Trump administration early Monday morning over the president’s deployment of 300 National Guard troops to Los Angeles, even as the LAPD chief admitted Sunday his cops “are overwhelmed” by the violent anti-ICE riots taking over the city. Newsom announced he’ll be suing the admin…

Read More

‘60 Minutes’ correspondent Scott Pelley warns a CBS settlement with Trump would be ‘very damaging’

‘60 Minutes’ correspondent Scott Pelley warns a CBS settlement with Trump would be ‘very damaging’

“60 Minutes” correspondent Scott Pelley spoke out about President Donald Trump’s lawsuit against CBS and its parent company on Saturday, arguing that a settlement would be “very damaging.”  “Well, it’d be very damaging to CBS, to Paramount, to the reputation of those companies,” Pelley said during a conversation with CNN’s Anderson Cooper on Saturday, who…

Read More

Alibaba, Tencent freeze AI tools during high-stakes China exam

Alibaba, Tencent freeze AI tools during high-stakes China exam

[BEIJING] China’s most popular artificial intelligence (AI) chatbots such as Alibaba’s Qwen have temporarily disabled functions including picture recognition, to prevent students from cheating during the country’s annual “gaokao” college entrance examinations. Apps including Tencent Holdings’ Yuanbao and Moonshot’s Kimi suspended photo-recognition services during the hours when the multi-day exams take place across the country.…

Read More

Adam ‘Pacman’ Jones’ agent claims former NFL star’s latest arrest is example of ‘overzealous policing’

Adam ‘Pacman’ Jones’ agent claims former NFL star’s latest arrest is example of ‘overzealous policing’

The agent of former NFL cornerback Adam “Pacman” Jones called into question the actions of Covington police for what he called “another example of overzealous policing” in the arrest of his client over the weekend. Jones was arrested early Saturday morning and charged with alcohol intoxication in a public place, disorderly conduct and assault of…

Read More

Oil prices hold gains ahead of US-China trade talks

Oil prices hold gains ahead of US-China trade talks

Inflation data from China on Monday morning will give a reading of domestic demand in the world’s largest crude importer Published Mon, Jun 9, 2025 · 11:50 AM [BEIJING] Oil prices held on to last week’s gains early on Monday (Jun 9) as investors waited for US-China trade talks to be held in London later…

Read More

Asia: Markets rally ahead of latest China-US trade talks

Asia: Markets rally ahead of latest China-US trade talks

[HONG KONG] Stocks rallied on Monday (Jun 9) on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data. The gains extended a run-up across global markets in recent weeks as fears about US President…

Read More