Hong Kong overtakes Switzerland as world's biggest offshore wealth hub; renewed Chinese regulatory clampdown casts pall over billionaire boom

China's CPI rose 0.5% year on year in July, official data showed Sunday. The consumer price index is a main gauge of inflation in the world's second-largest economy.

China's CPI up 0.5 pct in July. BEIJING, Aug. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 0.5 percent year on year in July, official data showed Sunday.

S&P revises Georgia sovereign credit outlook to positive, affirms BB/B ratings. Agency cites 8.3% average growth over past 3 years, projects 6.4% in 2026 and 5.9% in 2027.

S&P Global Ratings has revised the outlook on Georgia's sovereign credit rating to positive from stable, affirming its BB/B long- and short-term ratings, citing robust economic growth, international reserves accumulation, prudent fiscal management, moderate government debt and a stable banking sector.

Typhoon Dolphin makes second landfall at Yueqing City in east China's Zhejiang Province at around 6:40 p.m. Sunday, the National Meteorological Center says.

Typhoon Dolphin, the 13th typhoon of the year, made its second landfall at Yueqing City in east China's Zhejiang Province at around 6:40 p.m. on Sunday, said the National Meteorological Center.

Hong Kong hits record 36.9°C on Sunday — highest since records began in 1884, the Hong Kong Observatory says. Blistering heat linked to subsiding air on the periphery of Typhoon Dolphin, which made landfall in Zhejiang Province.

Hong Kong's temperature reached 36.9 degrees Celsius on Sunday afternoon, the highest since the city began keeping meteorological records in 1884, according to the Hong Kong Observatory. The observatory attributed the heat to subsiding air on the periphery of Typhoon Dolphin, which made landfall in Zhejiang Province on China's eastern coast on Sunday afternoon.