DimsumNews

26/08/2023

Nearly a year after pledging withdrawal, Dutch brewing giant Heineken has finally sold its Russian business for a symbolic €1, roughly 86 pence, taking a €300 million loss in the process.

AMSTERDAM - Nearly a year after pledging withdrawal, Dutch brewing giant Heineken has finally sold its Russian business for a

26/08/2023

Are you ready to revolutionize the world of home building? Step into a realm where innovation meets elegance and traditional boundaries are shattered.

image credit: DimsumNews

Are you ready to revolutionize the world of home building? Step into a realm where innovation meets elegance, and traditional

25/08/2023

Beneath the towering elevated highway known as “minhocão,” São Paulo’s mythical “big worm,” a growing community of Brazil’s homeless has found refuge in the shadows. But as their ranks swell, the city’s traditional relief efforts fall short.

Beneath the towering elevated highway known as "minhocão," São Paulo's mythical "big worm," a growing community of Brazil's homeless has

25/08/2023

The addition of six new states – Saudi Arabia, Argentina, Egypt, Iran, Turkey, and the UAE – promises to boost BRICS as a counterweight to Western dominance, according to Xi. Yet the last-minute wrangling before the announcement betrayed tensions over how far the countries’ interests truly align.

Chinese President Xi Jinping hailed the "historic" expansion of the BRICS club of emerging economies at a summit in Johannesburg

09/08/2023

China Exports Plunge Amid Global Slowdown

BEIJING - China's exports recorded a third straight month of steep declines in July, underscoring the economic headwinds facing the world's second-largest economy.

Chinese customs data released Monday showed overseas shipments plunged 14.5% from a year earlier, the worst drop since early 2020. Imports also contracted 12.4% as domestic demand and investment weakened. The widening trade surplus reached $80.6 billion.

Economists had forecast a 13.3% export decline and 5.6% import fall.

The diminishing export engine compounds China's economic woes amid a property downturn and job market uncertainty. Shipments to major markets like the U.S. and E.U. dove double digits, reflecting reduced overseas appetite.

In a telling move, China's central bank twice reset the yuan's trading band on Monday, allowing more flexibility for depreciation. The currency later sank below 7.23 offshore.

Analysts believe exports may not rebound significantly until late 2022 at the earliest, given inventory overhangs and lingering monetary tightening abroad. The trade figures underscore China's struggle to reboot growth despite pandemic disruptions.

On equity markets, Hong Kong stocks dropped 1.8% Monday as investors reacted to the worse-than-expected trade data. Chinese firms, especially property, and tech, bore the brunt of sell-offs.

Image credit: DimsumNews

09/07/2023

Hong Kong's sole rail operator, MTR Corporation, has handed out over 670 penalty notices to fare dodgers in just nine days, with 13% of offenders abusing the HK$2 subsidy scheme for elderly and disabled people.

The company has strengthened the frequency of ticket inspections and deployed manpower, and at the same time enhanced publicity and education on correct fare payment. The 671 cases of fare cheating coincided with the introduction of increased fines for evaders on June 25. Fines for passengers on heavy rail services doubled to HK$1,000 and went up by HK$80 from HK$290 to HK$370 on the light rail network.

The increased fines were launched as part of a drive by the rail giant to target fare cheats amid a debate over whether the subsidy scheme can remain viable because of the city’s ageing population.

Cheats who abused the HK$2 subsidy scheme for elderly and disabled account for 89 of 671 people caught skimping on fares.

21/06/2023

From leisure to transport to restaurants, freebies and discounts are in store for Hongkongers on July 1 to celebrate the 26th anniversary of the handover, Chief Executive John Lee Ka-chiu has announced.

Two of the city's newest cultural landmarks - M+ and the Hong Kong Palace Museum in the West Kowloon Cultural District - will be open free on handover day.

Wallis Wang From leisure to transport to restaurants, freebies and discounts are in store for Hongkongers on July 1 to celebrate the 26th anniversary of the handover, Chief Executive John Lee Ka-chiu ...

11/06/2023

Addressing the Dangers of AI: Regulation, Education, and Collaboration

Artificial intelligence (AI) has brought numerous benefits to society, revolutionizing our interactions with technology. However, it also poses several dangers, such as malicious uses, biases, autonomous weapons, and threats to privacy. To ensure AI benefits society, we must implement preventive measures.

AI can be used for malicious purposes, like creating fake news and deepfakes, leading to potential consequences for our democracy and society. Additionally, AI can be used for cyberattacks, causing data breaches and financial losses. AI systems can also be biased and discriminatory, perpetuating existing inequalities and reinforcing stereotypes.

Autonomous weapons, or "killer robots," present a significant threat to global security, as they can malfunction or be hacked, potentially causing catastrophic consequences. AI systems collecting vast amounts of data can also threaten privacy rights through mass surveillance and potential misuse of personal information.

To address these dangers, three key steps must be taken. First, regulating AI technology will ensure it benefits society, requiring laws and regulations addressing job loss, bias, and privacy violations. Transparency and accountability must also be ensured. Second, investment in education and training will prepare people for changes AI brings, providing support and retraining for those impacted by job loss. Lastly, encouraging collaboration between policymakers, industry leaders, and civil society will promote responsible and ethical AI development, involving public input and creating forums to discuss AI dangers and prevention strategies.

In conclusion, addressing AI's dangers requires regulation, investment in education and training, and collaboration among key stakeholders to ensure AI technology is used for societal benefit and not detriment.

From Siri and Alexa to self-driving cars and facial recognition technology, AI has revolutionised how we interact with technology.

07/04/2023

Automated woks rule in the kitchens of Tai Hing Group, with more than 200 outlets across the city
Technology is raising efficiency, cutting costs, and making up for the lack of workers in the retail industry too

Technology is raising efficiency, cutting costs and making up for lack of workers in catering and retail industries.

24/11/2022

Diversity in fashion: it's time for the industry to change

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24/11/2022

The Time Is Now For Diversity In Fashion.

Click here and download the Beautiful Brown Skin Asian Woman Cap Eccentric Odd Post Apocalyptic Intricate Embroidered Scarf Leather Greatcoat Sneakers 8k · Window, Mac, Linux · Last updated 2022 · Commercial licence included ✓

07/09/2022

Parts of Pakistan seemed "like a sea", Prime Minister Shehbaz Sharif said on Wednesday, after visiting some of the flood-hit areas that cover as much as a third of the South Asian nation, where 18 more deaths took the toll from days of rain to 1,343.

Parts of Pakistan seemed "like a sea", Prime Minister Shehbaz Sharif said on Wednesday, after visiting some of the flood-hit areas that cover as much as a third of the South Asian nation, wh...

07/09/2022

China has reopened roads leading to the epicenter of Monday's magnitude-6.8 earthquake in southwestern Sichuan province and traffic has resumed, state media reported on Wednesday, while the death toll has risen to 72.

China has reopened roads leading to the epicenter of Monday's magnitude-6.8 earthquake in southwestern Sichuan province and traffic has resumed, state media reported on Wednesday, while the death ...

04/09/2022

A non-ethnic Chinese man who was in suspected connection with a murder in Yau Ma Tei has been arrested, the police said on Sunday.

A non-ethnic Chinese man who was in suspected connection with a murder in Yau Ma Tei has been arrested, the police said on Sunday.The 25-year-old man was arrested in Yau Ma Tei last Friday. Police lai...

04/09/2022

"While tourist numbers are showing some improvement since hotel prison time was reduced, the city has a long way to go," writes Kylie Knott.

Hong Kong airport has a new ‘multimedia experience’ – fake nature scenes. The hordes departing Hong Kong, many for pastures new, get ‘Totems of Joy’. The emotion most feel is sadness, surely?