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Investors have worries about Trump’s pick for Fed chair. Should they?
NEWS
5/9/2026

Investors have worries about Trump’s pick for Fed chair. Should they?

In an extraordinary break from the diplomatic restraint typical of central banks, a dozen leaders of the world’s foremost monetary institutions issued a joint statement in January declaring their “full solidarity” with the US Federal Reserve and its embattled chair, Jerome Powell. “The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,” they wrote. The move was intended to shore up the separation of monetary...

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SCMP Economy
Hong Kong football legend’s backing for U22 league but pleads for more games on grass
Sports
5/6/2026

Hong Kong football legend’s backing for U22 league but pleads for more games on grass

One of Hong Kong’s most successful and enduring footballers, Helio Goncalves, believes the city’s under-22 league is delivering “huge experiences” for emerging players, but he acknowledged “it would be great to play more on grass”. A six-times local Premier League champion during 11 years with Kitchee, Goncalves has this season combined being the cornerstone of Eastern District’s miserly defence with managing the club’s under-22 team in the league that was launched last term. On Monday, the...

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SCMP Sport
United Utilities shares surge 11% as Ofwat settlement proves more generous than expected
NEWS
4/30/2026AI summary

United Utilities shares surge 11% as Ofwat settlement proves more generous than expected

United Utilities share price jumped 11% after the water company announced an £800m share placing with Future Fund and Atlas as cornerstone investors. Ofwat's regulatory settlement a year ago has proven more generous than initially thought, particularly for companies not incurring heavy pollution fines. UU now targets 10-11% return on equity and seeks to spend an additional £2.5bn on infrastructure, potentially adding £10 to household bills. Severn Trent rose 7% in sympathy, with both companies at all-time highs.

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Guardian Business
UN nuclear summit begins under shadow of more than 12,000 warheads
NEWS
4/28/2026

UN nuclear summit begins under shadow of more than 12,000 warheads

Signatories of the landmark nuclear non-proliferation treaty began a meeting on Monday at the United Nations in New York as fears of a renewed arms race escalate, with atomic powers again at loggerheads over safeguards. In 2022, during the last review of the treaty considered the cornerstone of non-proliferation, UN Secretary General Antonio Guterres warned humanity was “one misunderstanding, one miscalculation away from nuclear annihilation”. On Monday he warned “the drivers” of nuclear weapons...

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SCMP Economy
Nuclear Non-Proliferation Treaty Signatories Meet at UN Amid Escalating Arms Race Fears
Developing
Politics·4/27/2026AI summary

Nuclear Non-Proliferation Treaty Signatories Meet at UN Amid Escalating Arms Race Fears

Signatories of the Nuclear Non-Proliferation Treaty began a review conference at UN headquarters in New York on Monday, with UN Secretary-General Antonio Guterres warning that proliferation drivers are accelerating and commitments remain unfulfilled. France's Foreign Minister Jean-Noel Barrot said the risk of nuclear proliferation has never been higher, calling Iran and North Korea's programs intolerable. The 2022 review saw Guterres warn humanity was one miscalculation away from nuclear annihilation.

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SCMP Economy
Nuclear Non-Proliferation Treaty Signatories Meet at UN Amid Escalating Arms Race Fears
Developing
Politics·4/28/2026AI summary

Nuclear Non-Proliferation Treaty Signatories Meet at UN Amid Escalating Arms Race Fears

Signatories of the nuclear non-proliferation treaty convened at the UN in New York on Monday amid escalating fears of a renewed arms race. UN Secretary-General Antonio Guterres warned that the drivers of nuclear weapons proliferation are accelerating and called for renewed commitment to the treaty, noting commitments remain unfulfilled and trust is wearing thin. France's Foreign Minister Jean-Noel Barrot warned that the risk of nuclear proliferation has never been higher, labeling Iran's and North Korea's programmes as intolerable.

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SCMP Economy
Palantir Announces $300 Million USDA Deal for Farmland Management Amid Geopolitical Supply Chain Risks
NEWS
4/22/2026AI summary

Palantir Announces $300 Million USDA Deal for Farmland Management Amid Geopolitical Supply Chain Risks

Palantir has secured a $300 million contract with the U.S. Department of Agriculture to manage farmland using its software technology, as geopolitical risks threaten global supply chains. The deal expands Palantir's government footprint beyond defense contracts, addressing farmer challenges from ongoing trade wars, fertilizer cost spikes, and foreign farmland purchases. The agreement builds on existing USDA projects and comes amid criticism of Palantir's work with immigration enforcement agencies.

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CNBC