The Hong Kong Telegraph - News from Hong Kong and China in seven languages, daily around the clock

Hong Kong -

IN THE NEWS

Pricey pixels: Why people spend fortunes on NFT art

Pricey pixels: Why people spend fortunes on NFT art

Thousands of artists beaver away every day creating images to sell as digital tokens (NFTs) in online exchanges. The market is booming, the most popular pieces can sell for millions, but outsiders may wonder why anyone would pay anything at all.

Read more
Meta's profit slips as Facebook loses users

Meta's profit slips as Facebook loses users

Facebook's parent firm Meta on Wednesday delivered a gloomy mix of a sharper-than-expected drop in profit, a decrease in users and threats to its ad business that plunged shares some 22 percent in after-hours trading.

Read more
SpaceX rocket successfully launches US spy satellite

SpaceX rocket successfully launches US spy satellite

A US intelligence agency said Wednesday that its newest spy satellite successfully launched into orbit atop a reusable SpaceX Falcon 9 rocket.

Read more
Ex-Browns coach makes 'tanking' claim

Ex-Browns coach makes 'tanking' claim

Ex-Cleveland Browns coach Hue Jackson said Wednesday the team incentivised losing during the 2016 and 2017 seasons, a day after former Miami Dolphins coach Brian Flores made similar allegations in an explosive lawsuit.

Read more
Brazil hikes key interest rate to double digits

Brazil hikes key interest rate to double digits

Brazil's central bank hiked its benchmark interest rate by 1.5 points Wednesday to 10.75 percent, bringing it into double digits for the first time in nearly five years to fight rampant inflation.

Read more
Spotify shares fall on worries over slowing growth amid Rogan row

Spotify shares fall on worries over slowing growth amid Rogan row

Shares of Spotify tumbled Wednesday after the music streaming service -- roiled in controversy over its star podcaster Joe Rogan -- projected lower profit margins in the coming earnings period as subscriber growth slows.

Read more
Austria court orders Facebook to remove defamatory content

Austria court orders Facebook to remove defamatory content

An Austrian court has ordered Facebook to remove content defaming a former lawmaker and post a banner on its home page announcing the decision, a court spokesman said Wednesday.

Read more
UEFA estimates Covid pandemic cost Europe's clubs 7bn euros

UEFA estimates Covid pandemic cost Europe's clubs 7bn euros

The Covid-19 pandemic has left Europe's clubs with a massive seven billion euro-crater in their bank accounts, a UEFA report concluded on Thursday.

Read more
US intelligence says directed energy could explain Havana syndrome

US intelligence says directed energy could explain Havana syndrome

Intense directed energy from an external source could have caused some cases of the debilitating so-called "Havana syndrome" among US diplomats, US intelligence said Wednesday, supporting the possibility of deliberate attacks.

Read more
Seventeen dead in Argentina after taking laced cocaine

Seventeen dead in Argentina after taking laced cocaine

At least 17 people died and 56 more were hospitalized in a northwestern suburb of Buenos Aires after consuming cocaine cut with an a toxic substance, possibly opioids, authorities said Wednesday.

Read more