Larry Ellison backs Paramount’s Warner Bros. Discovery bid with $40.4bn guarantee
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion perso...
An independent committee is to be established to investigate the cause of the city's deadliest fire in decades, including oversight of renovations blamed for the disaster that has claimed 151 lives.
"In order to avoid similar tragedies again, I will set up a judge-led independent committee to examine the reason behind the cause and rapid spreading (of the fire) and related issues," John Lee, Hong Kong's chief executive, told a news conference.
Police have arrested 13 people for suspected manslaughter in a criminal investigation into last week's disaster, and the anti-corruption body has also arrested 12 people in a probe into possible graft.
Authorities pointed to substandard plastic mesh and insulation foam used during renovation works at Wang Fuk Court as fuelling a blaze that quickly spread to seven high-rise towers, home to more than 4,000 people.
Investigators have combed all but two of the seven burnt-out towers, finding bodies of residents in stairwells and on rooftops, trapped as they tried to flee the flames. Around 30 people are still missing.
Asked about the detention of a student from one of the groups, and two others who media reported are being investigated for possible sedition, Lee said, "I will not tolerate any crimes, particularly crimes that exploit the tragedy that we are facing now."
China's national security office has warned individuals against using the disaster to "plunge Hong Kong back into the chaos" of 2019, when massive pro-democracy protests challenged Beijing and triggered a political crisis.
Residents warned of fire risks
Residents of Wang Fuk Court were told by authorities last year they faced "relatively low fire risks" after complaining about fire hazards posed by the renovations, the city's Labour Department said.
The residents raised concerns in September 2024, including about the potential flammability of the mesh that contractors used to cover the scaffolding, a department spokesperson said.
Tests on several samples of a green mesh that was wrapped around bamboo scaffolding on the buildings at the time of the blaze did not match fire retardant standards, officials overseeing the investigations told a news conference on Monday.
Thousands of residents have turned out to pay tribute to the victims, who include at least nine domestic helpers from Indonesia and one from the Philippines. Vigils are also due to take place this week in Tokyo, Taipei and London.
The death toll from Hong Kong’s deadliest fire in decades has risen to 161, after forensic analysis confirmed one more victim among the charred remains at Wang Fuk Court in Tai Po, more than three weeks after the blaze began, authorities said on Saturday.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told on Sunday, in what would be the second such operation this weekend and the third in less than two weeks if successful.
The United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion personal equity guarantee from billionaire Larry Ellison, despite the target company’s board urging shareholders to reject the offer.
Enrique Cocero, a political analyst, recently shared his insights on the escalating tensions surrounding the U.S. seizure of Venezuelan oil tankers.
Australia on Sunday, honoured victims of an attack that happened a week ago during a seaside Hanukkah celebration, as the prime minister announced a review of the country's law enforcement and intelligence agencies.
Israeli forces have launched new airstrikes across multiple areas of the Gaza Strip, despite an ongoing ceasefire agreement leading to multiple casualties.
Ukrainian forces have withdrawn from several positions in the north-eastern Sumy region, Kyiv confirmed on Sunday, 21 December, in a move linked to intense fighting near the Russia-Ukraine border.
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