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World

Tung Chee-hwa had a clear vision for Hong Kong

The death of Tung Chee-hwa at age 89 has prompted a necessary reckoning with the legacy of Hong Kong’s first chief executive. Two decades after his resignation, the question endures: was Tung a hapless administrator overwhelmed by crisis, or a prescient leader constrained by circumstance and an unforgiving political environment?

Finance & Markets

ECB lifts borrowing costs amid energy shock

The European Central Bank raised interest rates on Thursday for the second time this year, as renewed Middle East fighting fans fears of higher inflation, and opened the door for further hikes. As widely anticipated, the central bank for the 21 eurozone nations lifted its benchmark rate a quarter percentage point to 2.5 percent, its…

  • ECB raises interest rates to 2.5% for second time this year
  • Rate hike due to Middle East conflicts and energy prices
  • ECB optimistic about eurozone economy's resilience

World

Political groups vow to uphold Tung's vision

Political parties and institutions on Wednesday pledged to carry on Tung Chee‑hwa's legacy, upholding his spirit of service and dedication to Hong Kong and the nation. Tung died on Tuesday at the age of 89. In a statement, the DAB said Tung was a lifelong patriot who loved Hong Kong.

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