Society | The Eastern Herald

Yuan and rupiah banknotes as Hong Kong, Indonesia and the People's Bank of China sign a direct currency settlement MoU

Hong Kong, Indonesia and the People’s Bank of China Just Skipped the Dollar With a Direct Yuan-Rupiah Settlement Pact

The Hong Kong Monetary Authority, Bank Indonesia and the People's Bank of China signed a three-way memorandum in Shanghai on Wednesday to settle cross-border trade and investment between the two economies directly

June 13, 2026

Business·Entertainment·Movies·News

Elon Musk as Canada finds Grok and xAI in violation of privacy law over sexualized deepfakes

Canada Finds Elon Musk’s Grok in Violation of Privacy Law After 3 Million Sexualized Deepfakes Including 23,000 Images of Children

Canada's Privacy Commissioner Philippe Dufresne ruled that X Corp and xAI launched Grok Imagine without a privacy impact assessment and violated PIPEDA after the tool generated nearly three million sexualized deepfakes including

June 13, 2026

Business·Entertainment·Movies·News

A Month Without a Government, Romania’s President Looks Outside Parliament for a Prime Minister

More than a month after Romania's pro-European government collapsed, President Nicusor Dan has nominated his adviser Eugen Tomac, an MEP whose party holds no seats in parliament, to lead a technocratic cabinet.

June 13, 2026

Government and Politics·News

Hong Kong Central financial district skyline as the government gazettes zero percent tax on fund manager performance bonuses

Hong Kong Just Gazetted a Zero Percent Tax on Fund Manager Carry, Aiming Straight at Singapore’s Wealth-Hub Crown

Hong Kong's government gazetted the Inland Revenue (Amendment) Bill on Friday, proposing a zero salary tax on performance-linked bonuses for qualifying fund managers and a sweeter regime for family offices and private

June 13, 2026

Business·Entertainment·Movies·News

CITIC Securities Hong Kong headquarters as Fitch hands the brokerage the first A-class rating in Chinese capital markets history

Fitch Hands CITIC Securities the First A-Class Credit Rating Ever Given to a Chinese Brokerage, Cracking a Ceiling That Stood for Two Decades

Fitch Ratings on Tuesday assigned an A-minus long-term issuer default rating to CITIC Securities and its Hong Kong subsidiary, breaking a sector ceiling that had locked every Chinese brokerage in the BBB

June 13, 2026

Business·Entertainment·Movies·News

Chinese commercial space rocket launching as LandSpace and peers file IPOs on Shanghai STAR market and Hong Kong exchange

China’s Private Space Companies Are Sprinting Toward IPOs Behind SpaceX, and Shanghai’s STAR Market Has Quietly Opened the Door

LandSpace, Galactic Energy, CAS Space, Space Pioneer, i-Space and a half-dozen other Chinese commercial aerospace startups are filing simultaneous IPO applications on Shanghai's STAR market and the Hong Kong stock exchange. The

June 13, 2026

Business·Entertainment·Movies·News

Demonstrators with Spanish flags protest against Pedro Sanchez's government in Madrid

Spain’s Opposition Wants Sanchez Gone, but the Numbers, and the Far Right, Keep Him in Power

Spain's conservative opposition says 184 lawmakers want Pedro Sanchez gone, but a no-confidence motion needs 176 votes it cannot reach, because toppling the scandal-hit Socialist would require the far-right Vox that regional

June 13, 2026

Government and Politics·News

South Korea Hands Coupang a Record $409 Million Data Privacy Fine, Five Times Bigger Than Anything the Country Has Levied Before

South Korea's privacy regulator slapped Coupang with a 624.7 billion won fine, roughly $409 million, for a breach that exposed personal data of 37.5 million customers including phone numbers and addresses. The

June 13, 2026

Business·Entertainment·Movies·News

Oil tanker transits the Strait of Hormuz as the US-Israel war on Iran disrupts global energy supply chains

World Bank Slashes 2026 Global Growth Forecast to 2.5 Percent, the Worst Reading Since the COVID Year, and Says Plainly Who Caused It

The World Bank lowered its 2026 global growth projection to 2.5 percent, down from 2.9 percent in 2025 and the lowest since the pandemic year, citing the energy-price shock and supply-chain damage

June 13, 2026

Business·Entertainment·Movies·News

Huawei advanced chip wafer as China races to deliver 1.4 nanometer equivalent transistor density by 2031

China’s Chip Design Software Lines Up Behind Huawei’s New Scaling Law and the Target Is a 1.4-Nanometer Workaround by 2031

Empyrean Technology and Peking University researchers are racing to align their electronic design automation tools with Huawei's Tau Scaling Law, the chipmaker's plan to bypass ASML lithography restrictions and deliver 1.4-nanometer-equivalent transistor

June 13, 2026

Business·Entertainment·Movies·News

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Society- Page 6

Hong Kong, Indonesia and the People’s Bank of China Just Skipped the Dollar With a Direct Yuan-Rupiah Settlement Pact

Canada Finds Elon Musk’s Grok in Violation of Privacy Law After 3 Million Sexualized Deepfakes Including 23,000 Images of Children

A Month Without a Government, Romania’s President Looks Outside Parliament for a Prime Minister

Hong Kong Just Gazetted a Zero Percent Tax on Fund Manager Carry, Aiming Straight at Singapore’s Wealth-Hub Crown

Fitch Hands CITIC Securities the First A-Class Credit Rating Ever Given to a Chinese Brokerage, Cracking a Ceiling That Stood for Two Decades

China’s Private Space Companies Are Sprinting Toward IPOs Behind SpaceX, and Shanghai’s STAR Market Has Quietly Opened the Door

Spain’s Opposition Wants Sanchez Gone, but the Numbers, and the Far Right, Keep Him in Power

South Korea Hands Coupang a Record $409 Million Data Privacy Fine, Five Times Bigger Than Anything the Country Has Levied Before

World Bank Slashes 2026 Global Growth Forecast to 2.5 Percent, the Worst Reading Since the COVID Year, and Says Plainly Who Caused It

China’s Chip Design Software Lines Up Behind Huawei’s New Scaling Law and the Target Is a 1.4-Nanometer Workaround by 2031

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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Society- Page 6

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