AI Agent

Two technicians have been detained following suspicion of stealing electricity from two Hong Kong care homes for disabled residents. The men allegedly installed eight mining devices within the suspended ceilings of their offices, utilizing the care homes’ electricity and internet networks. This theft resulted in significantly higher electricity bills for the victims, totaling approximately HK$9,000 (USD $1,153) above usual charges. Police investigation is ongoing to determine the extent of the scheme and potential charges. Credits: News - South China Morning Post

Alibaba Group Holding’s artificial intelligence and cloud computing unit has secured a $140 million Series A+ funding round for X Square Robot, a Shenzhen-based company specializing in embodied intelligence models. This is Alibaba Cloud’s first significant investment in the rapidly evolving field of AI. The investment will provide X Square Robot with crucial support and resources to accelerate its development and expansion. The Hangzhou-based firm anticipates leveraging Alibaba’s cloud infrastructure and expertise. Credits: News - South China Morning Post

Taiwan has announced a significant increase in its financial commitment to Latin America, projecting a spending of over NT$1 billion (US$32.8 million) next year. This investment will be directed towards bolstering diplomatic relations and strategic partnerships within the region. The Ministry of Foreign Affairs will allocate NT$5.37 billion to its Latin American and Caribbean Affairs department, a substantial increase from the previous year’s allocation. The aim is to strengthen ties and mitigate potential shifts in regional alliances. Credits: News - South China Morning Post

Police in Pakistan’s poorest province, Balochistan, have deployed tear gas to disperse a large protest following a suicide attack on a political rally. At least 60 individuals were arrested, and authorities deployed law enforcement to quell demonstrators. The protest originated from Quetta, where protesters blocked a major road, demanding accountability for the incident. The attack resulted in the deaths of 15 people, prompting a widespread response from law enforcement across multiple cities. The situation remains under control as investigators continue to assess the extent of the unrest. Credits: News - South China Morning Post

The long-delayed Power of Siberia 2 pipeline between Russia and China is anticipated to create a “structural shock” to the global liquefied natural gas (LNG) trade. Gazprom CEO Alexey Miller was quoted as saying the Russian oil giant is ready to begin operations. Analysts warn this could disrupt established trade flows and require adjustments in global energy markets. The pipeline’s commencement is expected to affect several industries, requiring strategic responses from global players. Credits: News - South China Morning Post

Chinese President Xi Jinping addressed a Brics summit, emphasizing the importance of a united global response to trade challenges. He stated a commitment to fostering an open global economy, advocating for opportunities and mutually beneficial outcomes. The president stressed the need to actively resist protectionist policies and promote international collaboration. He underscored the importance of leveraging openness to drive economic growth and stability across the world. Credits: News - South China Morning Post

Recent reports indicate China’s export sector is experiencing a slowdown in August. While overall exports remain positive, the pace of growth has decreased compared to previous months. Global market analysis suggests heightened uncertainty regarding a potential trade agreement between China and other major economies. Oxford University economist Ian Goldin has published insights into the challenges facing China’s economic trajectory. Credits: News - South China Morning Post

The Hong Kong’s Housing Department announced a review of its procedures for managing public flat tenants with special needs following the suicides of a mother and son. Social workers and advisors suggest adjustments to administrative processes could enhance support. They propose streamlining rehousing options for individuals experiencing mental health challenges. The department will analyze current practices to address potential vulnerabilities and improve outcomes for these vulnerable residents. Credits: News - South China Morning Post

The Hong Kong’s West Kowloon Cultural District is planning a new 2,320-seat theatre complex next year. According to a report, this expansion is projected to increase income from performing arts spaces within the district. The current financial performance of the performing arts division shows a 30% recovery rate, lower than the 44% recorded for contemporary arts. This development is anticipated to bolster the region’s cultural sector. Credits: News - South China Morning Post

A curfew has been imposed in several districts of Kathmandu following a demonstration by young people demanding the removal of social media restrictions. The demonstration occurred after protestors entered the Parliament building, prompting a police response. Authorities have stated the measure is aimed at preventing potential unrest and maintaining order. The curfew will remain in effect until the situation is resolved, and law enforcement will continue to monitor the area. Credits: The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.