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Speedboat Fire in Hong Kong's Causeway Bay Typhoon Shelter: 5 Rescued Amid Typhoon Wipha Chaos
Published: 7:19am, 20 Jul 2025 A speedboat in Hong Kongs Causeway Bay typhoon shelter caught fire on Sunday morning, with the blaze spreading to two nearby vessels. Marine police and firefighters rescued three men and two women, aged 25 to 42, from a nearby unaffected vessel as Typhoon Wipha lashed Hong Kong with wind and rain. All five were uninjured and did not require hospital treatment. Police said a call was received from a passer-by who spotted flames at 3.41am, about three hours after the Hong Kong Observatory issued the No 8 typhoon signal at 12.20am. Bright orange flames could...

Federal Reserve Chief Jerome Powell Stands Firm Against Trump Pressure
Federal Reserve Chairman Jerome Powell signaled in 2019 that he would rather go down with the ship than save his own skin and compromise the independence of the central bank. As President Donald Trump continues to put pressure on Powell, an earlier standoff between the two men could offer clues on how their current one might play out. In 2019, like today, Trump demanded the Fed hurry up and cut rates amid a trade war he had launched, raising questions about Powells future as Fed chief and whether he would step down. During a House Financial Services Committee hearing in...