US fintech firm iCapital doubles prime office space in Hong Kong amid wealth boom

News - South China Morning Post June 10, 2026 at 5:00 AM

Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city’s Central business district as it staffs up to capture rising demand for wealth-management services in Asia. The US company, which opened its office in Hong Kong five years ago, was preparing for its next stage of growth, said Tuan Lam, head of Asia-Pacific at iCapital. The firm’s previous office was in the St George’s Building on Ice House...

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Japan’s looming typhoon crisis threatens disaster defences and tourism

News - South China Morning Post June 10, 2026 at 5:00 AM

Japan could be heading into one of the worst typhoon seasons in its recorded history, raising fears that stronger, more frequent storms will test not only the country’s disaster defences but also a summer travel industry already stretched by packed trains, hotels and itineraries. Tokyo-based Weathernews, a private meteorological firm providing long-range forecasts across Asia, has predicted that as many as 28 typhoons could affect Japan this year, with up to 14 potentially making landfall – well...

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China to bust Yangtze River chokepoint with US$11 billion ‘water staircase’ project

News - South China Morning Post June 10, 2026 at 5:00 AM

Eyeing massive new shipping facilities near the Three Gorges dam, China has formally begun construction on an ambitious project to enable the passage of larger vessels and streamline logistics along the nation’s most critical waterway. The centrepiece of the planned 77.2 billion yuan (US$11.4 billion) infrastructure buildout, which looks to span nearly a decade, is a series of mega ship locks – colossal structures also known as “water elevators” or “water staircases” that are built into a...

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US trade court to Trump administration: speed up tariff refunds

News - South China Morning Post June 10, 2026 at 4:21 AM

The US Court of International Trade is pressing the Trump administration to speed up tariff refunds of billions of dollars to thousands of importers, following a partial roll-out after the US Supreme Court struck down its global tariffs in February. “The time has come to refund all the duties,” said Judge Richard Eaton on Tuesday, adding that the delay is leading to a “growing inequity” between big importers and small businesses. The judge did not issue any new order but noted that the...

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Scientists find woolly mammoth DNA while digging through squirrel faeces

News - South China Morning Post June 10, 2026 at 3:53 AM

A huge treasure trove of ancient DNA from animals including extinct woolly mammoths has been discovered in frozen squirrel faeces in Canada’s remote Yukon territory, scientists said on Tuesday. The DNA found deep inside sealed-off burrows is between 3,000 and 700,000 years old, offering a rare window into how life has changed over the millennia. As well as DNA from woolly mammoths – which the US company Colossal claims it is trying to “de-extinct” – genetic material was also found from wolves,...

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US expects to finish Trump’s Mexico border wall by next year

News - South China Morning Post June 10, 2026 at 3:33 AM

The US expects to complete President Donald Trump’s long-promised southern border wall by late 2027, Customs and Border Protection (CBP) Commissioner Rodney Scott said Tuesday. The barrier along the US-Mexico border is made of reinforced metal beams and is intended to run from San Diego to the Gulf of Mexico, except in selected areas “where we’ve made a conscious decision that we don’t need it”, Scott said at the Centre for Immigration Studies event in Washington. “The primary border wall will...

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What a US lawyer’s diaries show about prosecuting Japanese atrocities of Nanking massacre

News - South China Morning Post June 10, 2026 at 3:00 AM

A US prosecutor’s newly revealed diaries from World War II have laid bare the gruelling effort to document Japanese wartime atrocities in China and the unlikely bond forged between him and the people he helped. The diaries belonged to David Nelson Sutton, an American assistant prosecutor at the Tokyo Trial, or the International Military Tribunal for the Far East – a landmark international judicial effort. The tribunal drew upon a vast “evidence wall” comprising nearly 50,000 pages of trial...

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Russia's cross-border electricity trade to remain flat in 2026

Turkmenistan News June 10, 2026 at 2:45 AM

MOSCOW, June 9 (Xinhua) -- Russia's electricity exports and imports are expected to remain at around 10 billion kWh in 2026, roughly unchanged from the previous year, Sergey Dregval, CEO of Russian power company Inter RAO, said Tuesday at the St. Petersburg International Economic Forum. "Kazakhstan and Mongolia will remain the main export destinations, along with deliveries to southern markets, primarily Georgia

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Russia's cross-border electricity trade to remain flat in 2026

Kyrgyzstan News June 10, 2026 at 2:45 AM

MOSCOW, June 9 (Xinhua) -- Russia's electricity exports and imports are expected to remain at around 10 billion kWh in 2026, roughly unchanged from the previous year, Sergey Dregval, CEO of Russian power company Inter RAO, said Tuesday at the St. Petersburg International Economic Forum. "Kazakhstan and Mongolia will remain the main export destinations, along with deliveries to southern markets, primarily Georgia

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Russia's cross-border electricity trade to remain flat in 2026

Tajikistan News June 10, 2026 at 2:45 AM

MOSCOW, June 9 (Xinhua) -- Russia's electricity exports and imports are expected to remain at around 10 billion kWh in 2026, roughly unchanged from the previous year, Sergey Dregval, CEO of Russian power company Inter RAO, said Tuesday at the St. Petersburg International Economic Forum. "Kazakhstan and Mongolia will remain the main export destinations, along with deliveries to southern markets, primarily Georgia

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Forget Weimar, it’s Japan’s Taisho period we need to talk about

News - South China Morning Post June 10, 2026 at 2:30 AM

People always talk knowingly about Weimar, a period of extremes: artistic and social-sexual decadence, democratic liberalism and the radicalisation of the left and the right, before Germany’s descent into Hitlerian hell. The city as a symbol, close to the site of the former Buchenwald concentration camp, is back in the news, well, at least the op-ed pages of the Western press. That’s rarely a good sign. “The new crisis [in Germany] seems uncomfortably familiar because, in some respects, it...

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Armed conflicts worldwide hit record since WWII report

Kyrgyzstan News June 10, 2026 at 2:04 AM

Sixty-five state-based conflicts were recorded worldwide in 2025, according to the Peace Research Institute OsloThe number of armed conflicts worldwide reached its highest level since World War II in 2025, according to a study published on Tuesday by the Peace Research Institute Oslo (PRIO).Researchers found there were 65 state-based conflicts - involving at least one government actor - t

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Armed conflicts worldwide hit record since WWII report

Tajikistan News June 10, 2026 at 2:04 AM

Sixty-five state-based conflicts were recorded worldwide in 2025, according to the Peace Research Institute OsloThe number of armed conflicts worldwide reached its highest level since World War II in 2025, according to a study published on Tuesday by the Peace Research Institute Oslo (PRIO).Researchers found there were 65 state-based conflicts - involving at least one government actor - t

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Armed conflicts worldwide hit record since WWII report

Turkmenistan News June 10, 2026 at 2:04 AM

Sixty-five state-based conflicts were recorded worldwide in 2025, according to the Peace Research Institute OsloThe number of armed conflicts worldwide reached its highest level since World War II in 2025, according to a study published on Tuesday by the Peace Research Institute Oslo (PRIO).Researchers found there were 65 state-based conflicts - involving at least one government actor - t

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Armed conflicts hit worldwide post-WWII record report

Turkmenistan News June 10, 2026 at 2:04 AM

Sixty-five were recorded in 2025, according to the Peace Research Institute OsloThe number of armed conflicts worldwide reached its highest level since World War II in 2025, according to a study published on Tuesday by the Peace Research Institute Oslo (PRIO).Researchers found there were 65 state-based conflicts - involving at least one government actor - the highest number since systemat

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