Author: Admin

Johnson & Johnson (J&J) is facing legal action from thousands of people in the UK who are accusing the global healthcare giant of knowingly selling talcum powder contaminated with asbestos.More than 3,000 people allege they or a family member developed forms of ovarian cancer or mesothelioma from using Johnson’s baby powder between 1965 and 2023. A lawsuit has been filed by KP Law at the High Court in London seeking damages against J&J and Kenvue UK, which was split from the former in 2023 and now operates as a separate business.The lawsuit alleges J&J’s product was contaminated with carcinogenic fibres,…

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People walk past a PCCW sign in Hong Kong.Mike Clarke | AFP | Getty Images Regulators in the U.S. have moved to block one of Hong Kong’s largest telecommunications companies from accessing domestic networks, citing national security concerns.The U.S. Federal Communications Commission announced on Wednesday that it had initiated proceedings to potentially bar HKT Trust and HKT Ltd and its subsidiaries from interconnecting with American networks, escalating concerns over its ties to China. The government agency asked HKT, which is a subsidiary of information and communication technology giant PCCW, to justify why its authorizations should not be revoked.  HKT’s current hold…

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[KUALA LUMPUR] Malaysia’s central bank said on Thursday that it will transition from the Kuala Lumpur Interbank Offered Rate (KLIBOR) to the Malaysia Overnight Rate (MYOR) and the Malaysia Islamic Overnight Rate (MYOR-i).By the end of the transition, the KLIBOR will cease to exist effective from Jan 1, 2029, Bank Negara Malaysia said in a statement.The MYOR and MYOR-i, introduced in 2021 and 2022 respectively, are transaction-based benchmark rates based upon transactions in active and liquid markets.Market participants are expected to be operationally ready to offer products referencing MYOR and MYOR-i as part of their standard offerings by Oct 1,…

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The branded residence is likely to be one of its kind, even as the firm looks to open its hotels in gateway cities HONG Kong-based Swire Hotels announced on Thursday (Oct 16) that it is launching its first branded residence in South-east Asia under the Upper House hotel branding. The project, Upper House Residences Bangkok, is a 52-storey tower with 156 units. It is near The Wireless Residences by Upper House, a 71-storey tower with 239 units, which will also be managed by the luxury hotel operator. Both towers are freehold properties sited on Wireless Road, an upscale area in the…

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HONG KONG, Oct. 16, 2025 /PRNewswire/ — Akeso Inc. (9926.HK) today announced that the groundbreaking results from the registrational Phase III AK112-306/HARMONi-6 study of ivonescimab have been accepted for publication in The Lancet. The study evaluated ivonescimab, a first-in-class PD-1/VEGF bispecific antibody, combined with chemotherapy versus tislelizumab plus chemotherapy as first-line treatment for advanced squamous non-small cell lung cancer (sq-NSCLC). The article of Lancet will be simultaneously published during the 2025 European Society for Medical Oncology (2025 ESMO) Congress. The HARMONi-6 trial result has been selected as a Late-Breaking Abstract (LBA) for the 2025 ESMO Congress. Professor Lu Shun, Director…

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[HONG KONG] Global investors are ramping up bets on Taiwan Semiconductor Manufacturing Company (TSMC) ahead of its earnings, confident that the world’s leading chip foundry will remain one of the biggest winners from the artificial intelligence (AI) spending boom.Its American depositary receipts (ADRs) are trading at the highest premium to its Taipei shares since 2002, on a 50-day moving average basis. That’s driven by growing awareness among investors around the world of the company’s role as the main outsourced supplier of chips for Nvidia and many others.The ADRs have surged 54 per cent this year, outpacing the 38 per cent…

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