-
Russia seeks arrest of Telegram chief Durov
-
BMW aims to cut 8,000 jobs by end 2027: company source
-
South Korean stocks plunge as tech rout deepens, oil rises
-
Chawinga sisters sparkle as Malawi stun WAFCON holders Nigeria
-
On London streets, homeless wary at PM's vow to end rough sleeping
-
India's youth protests puncture Modi's aura of invincibility
-
Bangladesh ex-premier Hasina vows to return despite fearing for life
-
UBS says second-quarter net profit up 17% to $2.8 billion
-
Senate confirms Clayton as Trump intelligence chief
-
Hong Kong independent bookstores to close after police raid
-
South Korean stocks collapse amid Asian tech rout
-
US, Saudi forces strike Iran-backed groups in Iraq
-
Search for survivors after powerful Japan quake kills 13
-
Crude jumps on fresh Mideast flare-up, tech rout deepens
-
Shelton fends off Damm at Washington as veteran Venus ousted
-
Japan coral protectors race to save reefs from heat 'bomb'
-
Indian hockey back on 'road to gold' after years in the wilderness
-
US Fed expected to hold rates steady as inflation hawks circle
-
Rescuers search for survivors after powerful Japan quake kills 13
-
SK hynix posts 1,200% net profit boost on AI chip boom
-
Five dead after powerful Japan quake, others missing
-
'Very hungry' Joao Pedro impresses new Chelsea manager Alonso
-
Senate advances sweeping Russia sanctions bill
-
Ferris Optical Inc. Expands Access to Affordable Used Ophthalmic Equipment for Eye Clinics Worldwide
-
Tocvan Announces Strategic Management Restructuring to Align Leadership with Growth and Production Objectives
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - July 29
-
Annealsys Streamlines Scientific Product Evaluation with Customized Bioz Badges
-
Hemogenyx Pharmaceuticals PLC Announces Collaboration and Company Update
-
US government bans humanoid robots manufactured abroad
-
Two dead in shopping mall hit by Japan quake
-
Eseme, Hobbs shine in Glasgow rain to win 100m Commonwealth gold
-
UN sounds alarm on politicisation of refugees and asylum
-
Netanyahu holds first White House talks with Trump since Iran war began
-
Aussie teen Hewitt wins first ATP match in Washington where dad won title
-
Warriors re-sign Green after LeBron James shun
-
New Zealand's Hobbs surges to women's 100m Commonwealth gold
-
Cameroon's Eseme storms to 100m Commonwealth gold
-
West Indies beat Pakistan by 90 runs in first Test
-
AIDS activists slam 'pharma greed' over breakthrough drug
-
UN sounds warning as refugee convention turns 75
-
France needs more Canadair water bombers but building them is painfully slow
-
Keiko Fujimori becomes Peru's ninth president in a decade
-
In devastated south Lebanon village, residents count on army deployment
-
Jalen Carter signs record $152m extension with Eagles
-
Keiko Fujimori sworn in as president of Peru
-
AI glasses help propel EssilorLuxottica sales growth
-
GSJJ Launches ESG-Certified Custom Challenge Coins and Pin Badges
-
Many feared trapped in quake-hit Japan mall
-
Airbus completes record 24-hour flight with plane to be used by Qantas
-
Kering sales begin to recover as Gucci improves
China's Xi swears in new Macau leader
Chinese President Xi Jinping on Friday presided over the inauguration of new Macau leader Sam Hou-fai, capping off a three-day visit as the former Portuguese colony marks 25 years since being returned to China.
Sam, who served as president of Macau's apex court since the 1999 handover, was the sole candidate in October's leadership race and received 99 percent of votes from a 400-person committee of Beijing loyalists.
The 62-year-old Zhongshan, China native is Macau's first post-handover leader to be born in mainland China and not have a background in business.
When Macau reverted to Chinese rule on December 20, 1999, Beijing promised that the city's "capitalist system and way of life" would remain unchanged for 50 years.
The city is now regarded by China as a shining example of its "One Country, Two Systems" model -- in contrast with neighbouring Hong Kong, which was rocked by sometimes violent pro-democracy protests until a Beijing-imposed national security law in 2020.
After the handover, Macau grew into the world's casino capital by gaming revenue and a popular destination for Chinese tourists.
Celebrations kicked off Friday morning with a flag-raising ceremony at the city's Lotus Square, with incoming leader Sam, Macau government ministers and some visiting Chinese officials in attendance.
Sam replaces Ho Iat-seng, who took office in 2019 and spent much of his tenure managing Macau's response to the coronavirus pandemic and its economic fallout.
Speaking at a Thursday banquet, Xi acknowledged Ho's efforts and said Macau "gained new achievements in appropriate economic diversification" under his leadership.
The Chinese leader has lauded Macau's "world-recognised success" in implementing the "One Country, Two Systems" framework and said the city had a bright future.
"Macau is a pearl in the nation's palm, and I have always kept in my thoughts its development and the welfare of all its people," Xi said at the start of his visit on Wednesday.
Security was tight around the city, with roadblocks set up around an event venue and authorities increasing checks on inbound visitors.
- Casino hub -
Following the end of 442 years of Portuguese rule, Macau's fortunes have risen in lockstep with China's economic growth.
It is the only place in China where casino gambling is permitted and has long surpassed Las Vegas as the world's top casino hub, fuelled by two decades of Chinese visitor spending.
Macau, with a resident population of 687,000, saw just over 29 million visitor arrivals in the first 10 months of the year.
Its GDP has soared from $6.4 billion in 1999 to more than $47 billion last year, and its population is the richest in China on a per capita basis.
Under orders from Beijing to diversify the economy, Macau leaders have suggested industries such as financial services, technology and Chinese medicine as new economic drivers.
But as of November, gaming-related taxes still made up 81 percent of government revenue and experts say Macau is years away from weaning itself off casino wealth.
Xi on Thursday visited the Macau University of Science and Technology and was "briefed on the development of two state-level key laboratories" that involved Chinese medicine and planetary science, according to state news agency Xinhua.
He also visited the Guangdong-Macao In-Depth Cooperation Zone on Hengqin Island, speaking to residents and people there in charge of planning, construction, management and services, Xinhua reported.
Hengqin Island, a landmass adjacent to Macau and three times its size, was partly leased by Beijing to Macau to boost its land supply for non-gaming development.
Th.Gonzalez--AT