Our editors will be looking ahead today to these developing stories ...
Hope for handouts in budget
Hongkongers will be keeping one eye on their wallets and another on the television as Financial Secretary John Tsang Chun-wah delivers his budget plan. Tsang is expected to take advantage of the healthy surplus in the government account to offer handouts and tax breaks, although government sources have hinted that these will be less generous than last year's.
EU debates banking regulations
Members of the European Parliament and diplomats will stage talks in Brussels over the Basel rules on banking compliance, after talks broke down without a deal last week. The talks will cover issues such as bankers' bonuses, capital requirements for big lenders and powers available to the European Banking Authority. The EU must forge a deal soon so that the new Basel III requirements, intended to stabilise the global banking system, can kick in as planned at the beginning of next year.
Pope delivers final speech
Pope Benedict delivers his final speech before his resignation takes effect, with controversy still raging in his final hours in office. He forced the resignation of British cardinal Keith O'Brien on Monday over allegations of inappropriate behaviour. The pope has also opted against giving the cardinals who will elect his successor access to the results of an investigation into the so-called "Vatileaks" scandal, in which the papal butler leaked secret information.
Housing planners talk specifics
The group plotting a housing strategy for the city meets. The Long-Term Housing Strategy Steering Committee, chaired by Transport and Housing Secretary Professor Anthony Cheung Bing-leung, is expected to debate the housing needs of specific groups in the community and measures to improve the use of public rental housing. It will issue a report and recommendations in the summer.
Insight expected on cross-strait talks
The Taiwan Affairs Office holds its regular press conference in Beijing, with discussion expected to focus on the high-profile meeting between the Communist Party general secretary Xi Jinping and the Kuomintang party's honorary chairman, Lien Chan, on Monday. During the meeting, Xi said the new leadership would continue to push for peaceful unification with Taiwan.
Dragonair unions meet bosses
Dragonair unions meet the management to discuss their annual pay increase. Hopes are high there will be no turbulence as seen in December - when staff at Dragonair's sister airline, Cathay Pacific, threatened industrial action before sealing a deal. Dragonair pilots last year issued a vote of no confidence in the firm over the compensation gap between expatriates and local hires, but stopped short of a work-to-rule protest.