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Hong Kong blaze toll rises to 128

November 29, 2025

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Financial Express Mumbai

HONG KONG'S DEADLIEST fire in nearly eight decades has killed at least 128, officials announced shortly after making fresh arrests in connection with the blaze.

- OLIVIA TAM, PUIGWEN YEUNG AND SHIRLEY ZHAO

Secretary for Security Chris Tang said at a Friday briefing that officials couldn’t rule out finding more bodies. The status of roughly 200 residents remains uncertain, including 89 of the deceased whose identities haven’t been confirmed.

Tang also detailed how construction materials erected for renovation work at the estate contributed to the rapid spread of the fire.

المزيد من القصص من Financial Express Mumbai

Financial Express Mumbai

Xi touts chip wins in New Year speech

PRESIDENT XI JINPING highlighted China's achievements in artificial intelligence and the chip industry in a triumphant New Year's Eve speech as he called for more confidence in the country's development path in the year ahead.

time to read

1 mins

January 01, 2026

Financial Express Mumbai

No change in interest rates on small savings

THE MINISTRY OF Finance on Wednesday announced that interest rates on various small savings scheme will remain unchanged for the fourth quarter of FY26.

time to read

1 min

January 01, 2026

Financial Express Mumbai

'Focus is shifting to profitability without compromising growth'

After completing its pivot from scheduled delivery to quick commerce with 900 dark stores across 40 cities, Tata Digitalowned BigBasket is now setting its sights on achieving contribution margin positivity by the end of 2026, while aiming for 50-60% revenue growth.

time to read

3 mins

January 01, 2026

Financial Express Mumbai

When code meets crop

AI-DRIVEN APPS ARE HELPING FARMERS CUT COSTS, SPOT DISEASE EARLY & LIFT YIELDS

time to read

3 mins

January 01, 2026

Financial Express Mumbai

Safeguard duty on steel for 3 more yrs

INDIA HAS EXTENDED the safeguard duty on imports of certain steel products for three more years, starting with 12% and going down to 11%, reports Urvi Malvania.

time to read

1 min

January 01, 2026

Financial Express Mumbai

Demand recovery to shape growth outlook in new year

AS THE CALENDAR turns to 2026, expectations across industry, markets and policy circles are anchored around a firmer growth cycle, supported by reform momentum, tax relief and easing inflation, even as global uncertainties and base effects continue to temper projections.

time to read

2 mins

January 01, 2026

Financial Express Mumbai

Fiscal deficit during April-Nov widens to 62.3% of FY26 BE

Net taxes down 3.4% while capex rises 28%

time to read

1 min

January 01, 2026

Financial Express Mumbai

Why gig workers went on a strike on New Year's eve

The gig workers' strike on Wednesday had limited traction with some impact in a few cities due to the unorganised nature of the workforce. As online orders have risen, rider payouts have fallen with companies cutting costs, leading them to protest against low pay & poor working conditions, explains Banasree Purkayastha

time to read

3 mins

January 01, 2026

Financial Express Mumbai

Warner Bros may reject Paramount's bid

WARNER BROS DISCOVERY will likely reject Paramount Skydance's amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant's offer, according to a person familiar with the matter.

time to read

1 min

January 01, 2026

Financial Express Mumbai

Buckle up for a volatile year of Trump-Xi, Taiwan, Kim

THIS IS THE season when columnists turn to prophecy, and then congratulate themselves a year later for getting some of it right.

time to read

3 mins

January 01, 2026

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