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South China Morning Post

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UN warns world to prepare for El Nino extreme weather

There is an 80 per cent chance of the warming El Nino phenomenon developing between June and August, increasing the risk of extreme weather events, the World Meteorological Organization said on Tuesday. “Fuelled by unusually warm ocean waters in the tropical Pacific, El Nino conditions are developing and are set to influence global temperature and rainfall patterns,” the United Nations’ WMO weather and climate agency said. Forecasts from the WMO global network “indicate a pronounced shift...

South China Morning Post

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China-Cuba ‘US security threat’, Brazil’s rare earths: Latin America relations reads

We have selected seven of the most interesting and important news stories covering Latin American relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. US casts Cuba as China-linked security threat while still pushing for talks One day after the United States brought criminal charges against former Cuban leader Raul Castro over the 1996 shooting down of two civilian aircraft, President Donald Trump and Secretary of State Marco Rubio...

South China Morning Post

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Impact of Middle East war on Hong Kong’s inflation ‘limited’, says finance chief

External shocks from the war in the Middle East have had only a limited impact on Hong Kong’s inflation, the finance chief has said, despite an upwards revision to forecasts, citing the city’s service-based economy and stable energy and food supplies from mainland China. Briefing the Legislative Council’s Panel on Financial Affairs on Monday, Financial Secretary Paul Chan Mo-po said the surge in global fuel prices was expected to feed through to fuel-related consumer prices, pushing inflation...

South China Morning Post

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Earth is hot and getting hotter: UN warns next 5 years likely to smash records

In the next five years, the Earth is overwhelmingly likely to surge again and again past the international climate threshold set as safe and shatter its hottest-year record along the way, according to new United Nations climate projections. The World Meteorological Organization also forecasts an overheating Arctic that warms nearly 1.66 degrees Celsius (3 Fahrenheit) between now and 2030 and a dangerous drought with potential wildfires for the Amazon, a crucial part of Earth’s natural defences...

RTHK News (Hong Kong)

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HK$4.6bn to boost Hongkong Post operations

The government said on Wednesday that it plans to pour in HK$4.6 billion from the Capital Investment Fund to support Hongkong Post (HKP) over the next three years. The amount is to be injected into the Post Office Trading Fund. In a paper submitted to the Legislative Council, the Commerce and Economic Development Bureau said it remains difficult for the trading fund to support HKP's operations due to changes in the international landscape and increasing operational costs, even though it has carried out a number of measures to increase revenue and reduce expenditure. It expects the fund’s cash reserves to only cover HKP’s operating expenses for less than a year based on current mail volume trends as well as revenue and expenditure forecasts. “The proposed capital injection is a short-term financial solution necessary for the continued operation of HKP such that public postal services are not affected,” the paper wrote. The HK$4.6 billion injection also includes HK$510 million required for the refurbishment of the Air Mail Centre that is expected to be completed by the end of 2029 at the earliest. The bureau said that the existing centre – that has operated for almost three decades – requires major maintenance works, adding that there are limited spare parts for its mail sorting system. A next-generation centralised material handling system will be installed at the refurbished centre so that operations can be more cost-effective. It will also integrate with the Customs and Excise Department's postal clearance system, and incorporate smart and digital processing capabilities to enhance overall efficiency. Edited by Aaron Tam

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UN warns world to prepare for El Nino extreme weather

China-Cuba ‘US security threat’, Brazil’s rare earths: Latin America relations reads

Impact of Middle East war on Hong Kong’s inflation ‘limited’, says finance chief

Earth is hot and getting hotter: UN warns next 5 years likely to smash records

HK$4.6bn to boost Hongkong Post operations