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HK McDonald’s shrimp patties safe for consumption as no banned antibiotic found after testing

Hong Kong McDonald’s announced on Monday that its shrimp patties showed no traces of a banned antibiotic following multiple rounds of independent lab testing, confirming the safety of its products after a recent precautionary suspension.

ICAC chief leads delegation to Vienna for UN anti-graft meeting

Independent Commission Against Corruption (ICAC) Commissioner Danny Woo Ying-ming led a delegation to Vienna, Austria, on Monday to attend an anti-corruption meeting organized by the United Nations Office on Drugs and Crime (UNODC). 

Po Pin Chau to trial reservation system from Sept 5 with 2,000 daily slots

Visitors heading to Po Pin Chau in Sai Kung will need to make advance reservations on selected weekends and public holiday periods from September 5, as authorities introduce a trial booking system to better manage crowds along the popular coastal trail.

HK puts Green Channel to test in five-day rescue drill with Guangdong and Macao

Hong Kong on Monday began a five-day joint rescue drill with teams from Guangdong and Macao to test cross-border emergency coordination through a dedicated Green Channel.

Global instant noodle demand tops 124 billion servings, China and Hong Kong lead

Global demand for instant noodles climbed to more than 124 billion servings last year, with China and Hong Kong retaining their position as the world’s largest market, according to the latest figures from the World Instant Noodles Association.

Business Today

Six enterprises jointly awarded tender for Hung Shui Kiu pilot area for $1 billion

A consortium containing six enterprises, including China Overseas Land & Investment (0688) and Sino Land (0083), has been awarded the Hung Shui Kiu pilot area in the Northern Metropolis for HK$1.03 billion, the Development Bureau said. 

Fast fashion giant Shein to raise $13.86 billion in Hong Kong IPO

Online fast-fashion retailer Shein's valuation has dropped by around 70 percent from a near US$100 billion (HK$780 billion) private market peak four years ago, as it aims to raise up to HK$13.86 billion in its Hong Kong IPO launched on Monday.

Alibaba shares slide after $80b AI share sale offered at sharp discount

China's Alibaba (9988) shares slumped in Monday Hong Kong trade after it launched a HK$80 billion share sale at a sharp discount to fund its AI ambitions, with investors focused on stock dilution and execution risks.

Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Chinese smartphone maker Xiaomi (1810) on Monday unveiled a new version of its in-house Xring smartphone processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers.

Hongkongers can now receive monthly annuity payments in yuan in mainland: HKMCA

HKMC Annuity (HKMCA), a wholly-owned subsidiary of The Hong Kong Mortgage Corporation, announced on Monday that its customers can now choose to receive their guaranteed monthly annuity payments across the boundary via eligible bank accounts opened on the Chinese Mainland.

World/China

Millions of Teslas recalled in China over door handle safety

Tesla is recalling nearly three million cars in China with interior door handles that could hamper a person's ability to exit their vehicle in an emergency, Beijing's national market watchdog said.

Kremlin says UK preventing peace by giving missile info to Ukraine

The Kremlin said Monday that the Britain was preventing peace in Ukraine by giving Kyiv information needed to produce SCALP long-range missiles, and threatened to destroy plants manufacturing them.

Tens of thousands ordered to evacuate in Nevada as fire threatens Reno

Tens of thousands of people have been evacuated this weekend from the area of Reno, Nevada, and many others were under orders to leave on Sunday as a wildfire reached the outskirts of the state's third-most-populous city.

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