News
Insider reveals death day of Hong Kong’s pro-democracy newspaper
Hong Kong pro-democracy newspaper Apple Daily will be forced to shut “in a matter of days” after authorities froze the company’s assets under a national security law, an adviser to jailed owner Jimmy Lai says.
According to reports, Friday will be the last day for the 26-year-old newspaper.
Media advocacy groups say that the closure of Apple Daily would undermine the former British colony’s reputation as an open and free society and send a warning to other companies that could be accused of colluding with a foreign country.
The publisher’s head company Next Digital will hold a board meeting on Monday to
discuss how to move forward after its lines of credit were frozen.
“We must press on”: news raid sends “shockwaves” through Hong-Kong
Following raids on a Hong Kong newsroom last week, a journalist based in the city-state says it has sent “shockwaves” through the entire industry.
500 Hong Kong police offices raided Apple Daily to arrest a number of top executives and seize documents over allegations the publisher breached national security laws.
Elaine Yu from the Wall Street Journal says the incident “raises important new questions about how media outlets can report on topics that are now considered highly sensitive.”
Apple Daily says the company’s CEO, COO and three editors were all arrested during the raids.
The behaviour of the individuals is said to have breached legislation that prohibits sedition, secession and subversion against Beijing.
The assistant to Apple Daily’s chairman says operations at the newsroom are limited because Hong Kong authorities have seized many of the company’s accounts.
He also says “it’ll get harder for reporters to get people to talk to them because the police can now potentially seize reporter’s files and devices through a court warrant.”
Sold out news stands with “we must press on” printed on front page
“We must press on”… that was the message on the front page of Apple Daily, that people in hong kong queued up for.
Many Hong Kong locals have have queued up to buy copies of the pro-democracy newspaper Apple Daily… a day after its newsroom was raided by police.
The paper typically prints about 80,000 copies but increased that to 500,000 to meet demand.. and some news stands sold out.
A total of five executives were arrested including the Editor-in-chief and chief executive officer.
Police made the arrests on suspicion of collusion with a “foreign country or with external elements to endanger national security”.
Meanwhile, this is the second time that police have searched the building.
The company’s founder Jimmy Lai, was recently arrested for national security violations.
Mr Lai is currently serving a 20-month prison sentence.
The raid follows arrests made at the anniversary of the Tiananmen Square massacre last month.
News
SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.
Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.
Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.
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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech
News
Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.
Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.
As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.
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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates
News
Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.
The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.
Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.
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