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Raspberry Pi books strong profits in first interims since London floatation

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Chinese property companies rose in early trading on Tuesday after the country’s central bank governor announced a cut to downpayments for second homes, part of a raft of measures aimed at boosting growth.

Pan Gongsheng said downpayments for first and second homes would be “unified” at 15 per cent. Previously the minimum downpayment on second homes was 25 per cent.

The Hang Seng Mainland Properties index, which consists of large Chinese property companies listed in Hong Kong, rose as much as 5.8 per cent in early trading. KE Holdings, China’s largest online property transaction platform, led gains as it jumped more than 13 per cent.

The broader Hang Seng index rose 2 per cent, leading gains among major regional indices for the day.

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Israel launches more strikes on Lebanon in escalating violence

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Israeli warplanes continued to strike Lebanon on Tuesday, extending a massive bombardment of Hizbollah strongholds that has killed hundreds of people so far in the worst violence to hit the country in decades.

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Hizbollah too fired on Israeli military targets on Tuesday morning, targeting an explosives factory, a military warehouse and an airfield. The attacks set off air raid alarms across northern Israel but were mostly intercepted, causing limited damage.

The exchanges followed a devastating series of attacks on Monday in which the Israeli army said it hit 1,600 Hizbollah targets, including general weapons stores and concealed cruise missiles in what it called a “new phase” of conflict with the Iran-backed militant group.

Firefighters work to extinguish a fire after a rocket, fired from Lebanon, hit a local municipality storage in Kiryat Shmona, northern Israel
Firefighters extinguish a blaze following a rocket strike in northern Israel © Leo Correa/AP

Lebanese authorities reported that 492 people were killed on Monday, including dozens of women and children, with more than 1,600 injured in the bloodiest day for Lebanon in decades.

World leaders warned that the operation, named “Northern Arrows” by the Israel Defense Forces, has left the region on the brink of an all-out war.

G7 foreign ministers meeting at the UN General Assembly (UNGA) released a statement calling for a halt to “the current destructive cycle”.

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“No country stands to gain from a further escalation in the Middle East,” the group said. “Actions and counter-reactions risk magnifying this dangerous spiral of violence and dragging the entire Middle East into a broader regional conflict with unimaginable consequences.”

Fear and panic gripped Lebanon following Monday’s attacks. Thousands of cars jammed the roads as people fled from the south and east of the country, where the bombing campaign was concentrated, towards the capital Beirut.

Schools across the country were transformed into displacement shelters while some village residents sought refuge from bombing in mosques.

An entire family — a retired army major, his wife, and their three daughters — were killed near the southern coastal city of Tyre on Monday, Lebanese state news reported.

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Vehicles wait in traffic in the town of Damour, south of the capital Beirut on September 24, 2024, as people flee southern Lebanon. Israel announced dozens of new air strikes on Hezbollah strongholds
Vehicles in the town of Damour, south of the Lebanese capital Beirut, on Tuesday © Ibrahim Amro/AFP/Getty Images
Lebanese citizens who fled southern villages amid Israeli airstrikes
Lebanese citizens fled villages in the south on Tuesday as Israeli air strikes continued © Mohammed Zaatari/AP

Speaking to reporters at the UNGA in New York, which began on Tuesday, the EU’s foreign policy head Josep Borrell described the situation as “extremely dangerous”.

“I can say that we are almost in a full-fledged war,” Borrell said, adding that world leaders should work to prevent the fighting from escalating further. “Here in New York is the moment to do that. Everybody has to put all their capacity to stop this path to war,” he said.

Lebanon’s Prime Minister Najib Mikati departed on an urgent trip to New York “for further communication”, his office said. A cabinet session scheduled for Tuesday morning was cancelled.

Israel said it would continue the operation until it became safe for residents of its northern regions, displaced by the fighting, to return to their homes. It blamed Hizbollah for provoking the Israeli bombing campaign.

“Let me be clear: Hizbollah is responsible for this situation. This is Hizbollah’s plan — to turn southern Lebanon into a battlefield for its attacks on Israel,” Israeli army spokesman Rear Admiral Daniel Hagari said. “We cannot accept a terrorist group storing weapons inside people’s homes, and using them to fire at other civilian communities.”

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Twenty-eight flights out of Beirut — most of those scheduled — were cancelled on Tuesday, according to the airport’s website.

Hizbollah rockets landed in the far northern Israeli town of Kiryat Shmona on Tuesday morning, causing a fire to break out, but no injuries were reported. One woman received minor shrapnel wounds in the town of Yarka.

Israel’s Home Front Command extended its school closures policy to several more areas in the north of the country.

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LondonMetric poaches CIO Richards from British Land

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LondonMetric poaches CIO Richards from British Land

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Delta signs codeshare agreement with SAS

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Delta and SAS have signed a codeshare agreement, effective from 25 September

Continue reading Delta signs codeshare agreement with SAS at Business Traveller.

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CryptoCurrency

Philippine agency empowers youth with blockchain and NFT education

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Philippine agency empowers youth with blockchain and NFT education


The Philippines’ DOST-ASTI introduced blockchain, NFTs, and crypto to youth, with a focus on real-world applications, fostering innovation for the future.



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Green United loses bid to dismiss $18M crypto mining fraud suit

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Green United loses bid to dismiss $18M crypto mining fraud suit


The defendants are accused of operating a fraudulent crypto-mining operation that sold mining equipment for a blockchain that didn’t exist. 



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‘History suggests it’s breakout time for Bitcoin’ — Rekt Capital

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‘History suggests it’s breakout time for Bitcoin’ — Rekt Capital


A Bitcoin breakout could happen within the next “handful” of days, according to a pseudonymous crypto market analyst.



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