At 91, Hong Kong's second-richest man is retiring

Hong Kong's second-richest man, Lee Shau Kee, is stepping down as chairman of Henderson Land Development, joining the ranks of the city's aging tycoons handing the reins to the next generation. The 91-year-old billionaire announced his retirement from the top post before the developer's annual meeting Tuesday. While he remains as an executive director at…

Sydney 'polar jet' winds forecast to continue on Tuesday as snow falls in Blue Mountains

Damaging winds that caused gusts of up to 90km/h in Sydney's CBD and up to 125km/h in the regions on Monday are likely to return on Tuesday in association with a new cold front, the Bureau of Meteorology has warned, after Sydney's seemingly endless summer came to an abrupt end. In Sydney, winds whipping through…

'Wind at our backs': Morrison warns against complacency in party room meeting

Prime Minister Scott Morrison is aiming to put the government's $158 billion income tax cut to the new Parliament in the first week of July, as he urges his ministers to perform and warns his backbench against complacency. Mr Morrison set out the timeline at a Coalition meeting on Tuesday morning, where he hailed the…

'I am still here': Austrian leader ousted, vows to return

Vienna: Chancellor Sebastian Kurz of Austria and his caretaker government were ousted from power on Monday with a no-confidence vote in Parliament, as the ramifications of a secretly filmed video added to the political disarray in a European country normally known for stability. Kurz launched his re-election campaign just hours later. After about three hours…