Torrential rain deluged Hong Kong leading to widespread flooding across the densely packed city, submerging streets, shopping malls and metro stations, as authorities shut schools and asked workers to stay at home.
- Macro MattersChina needs more than cheaper mortgages to revive spending
While lowering interest rates eases financial burdens for households, a dire economic outlook and lack of longer-term reforms in pensions and healthcare means consumers don't have the means to loosen the purse strings.
- Technology
China's widening iPhone curbs roil US technology sector
Beijing's widening curbs on iPhone use by government staff raised concerns among U.S. lawmakers on Thursday and fanned fears that American tech companies heavily exposed to China could take a hit from rising tensions between the countries.
- WorldRescuers race to save ill US cave explorer trapped 3,000 feet underground
More than 150 rescuers raced on Thursday to reach an American man who fell ill and became trapped some 1,000 metres (3,280 ft) underground in a cave he was exploring in southern Turkey.
