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Hong Kong Launches Judge-Led Probe After Deadly Tai Po Fire Claims 156 Lives

People praying as they pay their respects to the victims of the deadly fire at a makeshift memorial next to the Wang Fuk Court housing complex, in Tai Po.  Hong Kong has ordered a judge-led inquiry into the city’s deadliest fire in decades, which killed at least 156 people at the Wang Fuk Court residential complex in Tai Po. The blaze, which tore through the densely populated housing estate last week, has shaken the city and raised urgent questions about building safety and oversight. Chief Executive John Lee announced that the committee will investigate the cause of the inferno and examine whether renovation practices and government oversight contributed to the tragedy. Authorities suspect that construction materials and renovation work may have intensified the flames, trapping residents inside the towers. Police have already arrested more than a dozen individuals on suspicion of manslaughter and corruption , as part of parallel criminal and anti-graft investigations. It re...
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Canada's Inflation Rate Cools to 1.9% in November


Canada's annual inflation rate slowed to 1.9% in November, down from 2% in October. This slight decrease was driven by a broad-based slowdown in prices, particularly in travel tours and mortgage interest costs. The consumer price index remained unchanged on a monthly basis.

Economists had anticipated the inflation rate to hold steady at 2%, but the data showed a more significant deceleration. The Bank of Canada, which has been working to control inflation, will consider this data in its upcoming rate decision on January 29.

The cooling inflation rate is a positive sign for the Canadian economy, which has been facing challenges this year. The central bank has already cut interest rates by 175 basis points since June to stimulate growth.



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