A boon for Hong Kong’s banks could turn into an opportunity for the city’s hard-pressed savers. HSBC Holdings Plc, the biggest of Hong Kong’s banks, and its subsidiary Hang Seng Bank Ltd., raised their prime rate – the best lending rate on which most loans, including mortgages are based – by 12 basis points. Standard Chartered Plc quickly followed suit, ...

It’s been a bad year for Facebook Inc. OK, a truly terrible year. It just got even worse. The founders of Instagram, the photo-and-video app that Facebook agreed to buy shortly before its 2012 IPO, are leaving the company. Bloomberg News reported that the founders, Kevin Systrom and Mike Krieger, grew frustrated as Facebook impinged on their autonomy. It’s not ...

GENEVA / WAM The Arab Federation for Human Rights studied the report by a group of experts on Yemen and considered it highly politicised and not in compliance with the fundamental standards and principles of international human rights reporting. The federation added the report aims to cover up crimes committed by Houthi militias and targets the Arab Coalition, instead of ...