US Strikes Iran in Escalation Over Stalled Peace Talks
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6 arrested as Hong Kong customs seizes HK$156 million in fake World Cup goods
Hong Kong customs has arrested six people over the alleged smuggling and online sale of counterfeit Fifa World Cup merchandise, with an estimated market value of HK$156 million (US$20 million). The Customs and Excise Department said on Thursday it had uncovered 29 suspected smuggling cases and five online sales cases involving World Cup products in an operation code-named “Clean Sheet”. The operation, which ran from May 26 to Wednesday, led to the seizure of around 230,000 suspected...
Investors brace for a 'long grind' as Iran war escalation dims hopes of an early end
As hostilities in the Middle East flare up again, investors are increasingly grappling with the possibility of a prolonged conflict and pricing in a "long grind." The latest escalation comes after U.S. Central Command struck Iranian military targets, drawing retaliation from Tehran, which attacked Gulf countries on Thursday. U.S. futures were up, though markets in Asia were broadly lower.
DBS to offer tokenised physical gold to retail customers
DBS to offer tokenised physical gold to retail customers SINGAPORE: DBS Group, Singapore's biggest bank by assets, said on Thursday (Jun 11) it will offer tokenised physical gold to retail customers as demand for the precious metal grows and the country pushes to become a gold trading hub. The rollout comes as gold remains in demand as a store of value despite recent price swings. Gold prices touched a record high of US$5,600 an ounce this year amid concerns over inflation, geopolitical...
Israel engaged in ‘ethnic cleansing’ of Palestinians from West Bank, Amnesty says
Israel engaged in ‘ethnic cleansing’ of Palestinians from West Bank, Amnesty says Rights group says forced displacement of Palestinians result of deliberate state policy rather than actions of individual settlers - Bookmark Amnesty International has accused Israel of orchestrating a campaign of "ethnic cleansing" against Palestinians in the occupied West Bank, with the ultimate aim of annexing the territory. The rights organisation detailed its allegations in a new 149-page report, asserting...