Hong Kong: Lai’s fraud conviction overturned

Source: CBS News

“An appellate court in Hong Kong reversed fraud convictions against former media tycoon Jimmy Lai. It was a rare victory for the prominent pro-democracy activist, who is a fierce critic of Beijing and has faced a litany of legal battles. Lai, 78, an outspoken critic of China’s ruling Communist Party who founded the now-defunct Apple Daily, will stay in prison because he was sentenced to 20 years weeks ago after being convicted in another case brought under a China-imposed national security [sic] law. … The conviction that was overturned Thursday was from an earlier fraud case in which prosecutors alleged that a consultancy firm controlled by Lai had used office space that his media business rented for publication and printing purposes.” (02/26/26)

https://www.cbsnews.com/news/jimmy-lai-fraud-conviction-overturned-hong-kong/

Iran Is the Potential Quagmire That Trump Thinks He Can Avoid

Source: Exiled Policy
by Jason Pye

“The Trump administration’s rhetoric on Iran is beginning to sound familiar in ways that should make Congress uneasy, if what’s past is prologue. The language is confident, abstract, and deliberately imprecise. Trump has casually talked about strikes on Iran, while skirting the far more consequential questions that follow large-scale military strikes that could include escalation, retaliation, political collapse, and long-term responsibility.” (02/26/26)

https://exiledpolicy.substack.com/p/iran-is-the-potential-quagmire-that

Perú Invented a New Form of Government, and Nobody Noticed

Source: Persuasion
by Quico Toro

“To those of us who studied political science, Perú presents a bit of a taxonomic conundrum. We’re all taught at school that systems where the executive needs to keep parliament on side to stay in power are called ‘parliamentary,’ and systems where the executive is separately elected and serves a fixed term independent of legislative majorities are called ‘presidential.’ These are the two flavors democracy comes in. Everyone knows this. Perú didn’t get the memo. Peruvian legislators have figured out one weird trick that magically turns a presidential system parliamentary.” (02/26/26)

https://www.persuasion.community/p/peru-invented-a-new-form-of-government

We can build infrastructure and habitat at the same time

Source: Niskanen Center
by Grace Olson

“Severe weather events now cause billions in damages annually, while electricity demand is on the rise — driven by economic growth and the expansion of artificial intelligence and advanced manufacturing. Building resilient, modern infrastructure will be essential for maintaining global competitiveness, ensuring affordability and reliability, and supporting a growing domestic economy. Yet even as our capacity to build the economic and technical infrastructure we need has stalled, we are also losing much of the natural infrastructure we depend on.” (02/26/26)

https://www.niskanencenter.org/we-can-build-infrastructure-and-habitat-at-the-same-time

With Its Tariff Ruling, SCOTUS Shows It’s Possible to Take Away Trump’s Toys

Source: Foreign Policy In Focus
by John Feffer

“The Supreme Court’s decision is clear. The president did not have the authority to impose most of his tariffs. President Donald Trump argued that, under the International Emergency Economic Powers Act, his actions were justified because of a national emergency caused by a foreign threat. In the 6-3 ruling, the court said that, on the contrary, that act provides Congress with that authority, which hadn’t delegated it to the president. The tariffs left standing are largely by sector: cars, semiconductors, steel. Trump, like the infamous honey badger, don’t care. The president immediately insulted the six justices who ruled against him, calling them ‘disloyal’, ‘unpatriotic’ and ‘lapdogs… for the radical left Democrats’. Then he turned around and reimposed a global 15% tariff rate.” (02/26/26)

https://fpif.org/the-silver-lining-behind-trumps-tariff-tantrum/

France’s Engie to buy UK power grid from Hong Kong conglomerate for $14 billion

Source: Reuters

“French utility Engie will buy electricity distributor UK Power Networks for 10.5 billion pounds ($14.2 billion) in a bid to expand its power business, the company said on Wednesday as it reported flat full-year earnings and revised upward its outlook for the coming years. The deal, due to close in mid-2026, is expected to boost per-share earnings from the first year, the company said. UK Power Networks is owned by Hong Kong-listed CK Infrastructure Holdings (1038.HK), opens new tab (CKI). … UK Power Networks operates 192,000 km (119, 300 miles) of power lines serving 8.5 million customers across London and the southeast and eastern parts of England.” (02/26/26)

https://www.reuters.com/business/energy/engie-raises-its-financial-targets-2026-2028-2026-02-25/