Our editors will be looking ahead today to these developing stories...
Exco convenor to share thoughts on governing
As examples of bad administration pile up and concerns mount over how well the Hong Kong government does its job, one of the potential candidates to become the city's next leader will stick out his neck with a talk entitled: 'How to restore the pride and effectiveness of the Hong Kong government''. Chief executive hopeful Leung Chun-ying, convenor of the Executive Council, will spell out his vision at a luncheon hosted by the Hong Kong Public Administration Association.
Data due on ministry trips, cars and meals
A fuller picture of how much China's ministries and central government agencies spent on overseas trips, official cars and often lavish lunches and dinners may come out soon, after the State Council ordered them to disclose the controversial spending to the public nearly two months ago. According to the People's Daily's website, at least 89 out of 101 agencies and ministries have disclosed their figures, leaving, among others, the Ministry of Foreign Affairs, the National Bureau of Corruption Prevention, the National Security Ministry and National Administration for the Protection of State Secrets still to declare as of Tuesday.
BSkyB board meets amid phone-hacking scandal
The phone-hacking scandal riling the British political and media worlds has posed a significant challenge to British Sky Broadcasting, the lucrative satellite-television network known as BSkyB that has long been the centerpiece of media mogul Rupert Murdoch's European ambitions. BSkyB's board will meet for the first time since the outcry over phone hacking forced Murdoch's News Corp to drop its bid to buy the 61 per cent of BSkyB shares it does not own. The future of BSkyB's broadcasting licence and the fate of its chairman, Murdoch's son James (pictured), were on the line, analysts said.
US House votes on Boehner debt-ceiling plan
The US Congress and world markets face more uncertainty after Republican leaders delayed action on a plan to raise the US government's US$14.3 trillion borrowing limit, narrowing the chances for a deal to avert a debt default. The House Speaker John Boehner faced a Republican revolt by 'tea party' conservatives amid revelations that his debt-ceiling plan would not cut as much spending as advertised. A House vote on Boehner's plan originally scheduled for yesterday is now set for today.
Stunt pilots will attempt flight through cave
Zhangjiajie city and Hunan province officials will give a presser in Beijing on the forthcoming wingsuit flying stunt through Tianmen Cave - a natural water-eroded structure often referred to as the 'Soul of Zhangjiajie' - in September. Nine wingsuit pilots from Europe and the US will attempt to fly through the 131 metre by 57 metre cave formed some 1,700 years ago.
Weaker earnings may force Credit Suisse to cut jobs
Credit Suisse, the world's sixth largest bank by market capitalisation, reports second-quarter earnings, just two days after Switzerland's largest financial institution, UBS, said it would slash costs, and admitted it would miss targets set in 2009. A Swiss newspaper this week reported that Credit Suisse was likely to announce 1,500 to 2,000 job cuts to save on expenses at a time of weaker earnings.