Hong Kong has the most skyscrapers in the world, with Asian cities dominating the top 10
According to the UK's Council on Tall Buildings and Urban Habitat, skyscrapers are buildings that measure 150 metres or taller. Hong Kong, with a relatively small amount of valuable land area sandwiched between mountainous terrain and the sea, has always chosen to expand upwards, and now boasts more than 550 completed skyscrapers, making us the city with the most skyscrapers in the world.
The second place goes to our mainland Chinese neighbour Shenzhen, a mega-city that has more than 380 skyscrapers. With a skyline full of enormous buildings like the 115-storey Ping An Finance Center, there's no doubt that the 'Silicon Valley of China' will be expanding its portfolio of architectural giants even further in the years to come.
New York comes in at number three, with the city's iconic builds like the Empire State Building, Chrysler Building, One World Trade Center, and the residential towers of Billionaire's Row making up over 320 skyscrapers. The other cities rounding out the top 10 cities with the most skyscrapers are Dubai, Guangzhou, Shanghai, Tokyo, Kuala Lumpur, Chicago, and Wuhan, respectively.
Of course, with new buildings being constructed every day – especially within fast-moving Asian cities – these rankings are bound to be quite fluid. Check back again next year to see who lands where, but one thing's for sure: no other city is coming near our skyscraper count any time soon.
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Daily Mail
4 hours ago
- Daily Mail
Iconic 133-year-old American company warns it may not be around much longer
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Coin Geek
7 hours ago
- Coin Geek
US miners facing tariff probes; IREN usurps MARA's throne
Getting your Trinity Audio player ready... Economic tariffs have block reward miners feeling uneasy, while July's production numbers led to the dethroning of the longtime champion. The BTC network mining difficulty rate keeps setting new all-time highs despite a temporary retreat in early July. On August 9, the rating increased by 1.4% to 129.44 trillion (on average, the number of hashes required to successfully mine a new block). It's the 11th increase this year, which began with a rate below 110 trillion. The increased cost of finding new blocks is partially mitigated by the surge in BTC's fiat price over that same span. From a ~$94,500 price on January 1, BTC finished July at over $115,000 after hitting a new record high of nearly $123,000 mid-month. On August 1, JPMorgan (NASDAQ: JPM) analysts issued a note saying miners' July profits were better than any month since the April 2024 halving of the block rewards. 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Schultz said he was stepping into the CEO role 'to ensure stability, continuity, and forward momentum … the board believes that now is the right time for a change in leadership as we look to fully capture opportunities available to CleanSpark.' Hut 8's mining operations have largely been transferred to ABTC, but for the time being are still being reported via Hut 8. Revenue improved from $35.2 million in Q224 to $41.3 million, most of which ($34.3 million) came from its 'Compute' segment, which encompasses mining, GPU-as-a-Service and Data Center Cloud operations. Hut 8 posted a profit of $137.5 million versus a $72.2 million loss in Q2-24. However, this profit was goosed by a $217.6 million gain in the value of the 10,667 BTC it held at the end of June, meaning the picture would have remained broadly negative absent that value surge. 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MARA's BTC treasury hit 50,639 tokens as of July 31, 699 tokens more than at the end of June. CleanSpark mined 671 BTC in July, 14 fewer than in June, in part due to 'periodic load reductions' at its southeast U.S. operations during a heatwave. CleanSpark sold 576 tokens last month, part of its ongoing strategy to 'self-fund' operations rather than raise cash or dilute existing shareholders, leaving its treasury at 12,703 tokens. Also surging forward in July was Cango (NYSE: CANG), which produced 650.5 BTC, a hefty 200 more than June's total, as average operating hashrate surged by more than one-third to nearly 41 EH/s. Hashrate will grow further following this week's $19.5 million purchase of a fully operations 50MW facility in the state of Georgia. Cango says the Georgia addition is 'laying the strategic groundwork for a gradual pivot towards supplying energy for (HPC) applications' in a bid to diversify its operations. Cango's BTC treasury now stands at just under 4,530 tokens. Riot Platforms mined 484 BTC in July, an 8% rise from June, despite suffering from the same 'voluntary curtailments' of their power access endured by other miners with operations in heat-impacted states. Riot sold 475 BTC last month, leaving its treasury at 19,287 tokens as of July 31. BitFuFu (NASDAQ: FUFU) was also in positive territory in July, mining a total of 467 BTC, 22 better than June. Self-mined BTC rose from 58 to 83, while cloud-mining customers dipped by three tokens to 384. Hashrate rose 6.6% to 38.6 EH/s, while BitFuFu's BTC treasury dipped by eight tokens to 1,784 following 'payments made to vendors.' Cipher Mining collected 214 BTC in July, up sharply from June's 160, thanks to a 'meaningful' contribution from its Black Pearl Phase I site in Texas. The contribution helped boost month-end operating hashrate by nearly four points to 20.8 EH/s. Cipher sold 52 BTC in July, leaving it with 1,219 in its vaults. Hive Digital (TSXV: HIVE) mined 203 BTC in July, a one-quarter improvement over June's 164, as average hashrate rose nearly two points to 12.8 EH/s. Hive says it remains on target to hit 25 EH/s by November, fueled by its BTC 'pledge strategy' that pledged $200 million worth of its held BTC to its equipment supplier (Hive has the option to buy back its BTC at the original pledged price). Finally, Canaan produced 89 BTC in July, nearly unchanged from June's 88, leaving its treasury at 1,511 tokens. Canaan's month-end operating hashrate (6.2 EH/s) fell for the second straight month, after completing its planned Kazakhstan exit and proactively terminating a hosting deal with 'an underperforming site' in Texas. Back to the top ↑ Watch | Mining Disrupt 2025 Highlights: Profitable trends every miner should know title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Reuters
8 hours ago
- Reuters
Stocks rally, oil prices drop after modest US inflation data solidifies Fed rate cut expectations
NEW YORK/LONDON, Aug 12 (Reuters) - World shares rallied on Tuesday as U.S. consumer prices data failed to shake market expectations of an impending Federal Reserve interest rate cut in September, even as a trade war truce between Washington and Beijing helped buoy sentiment. Wall Street's main indexes were all advancing after losing ground in the prior session, with financials, communication services, energy, industrials and materials driving gains. The Dow Jones Industrial Average (.DJI), opens new tab rose 0.89%, the S&P 500 (.SPX), opens new tab rose 0.56%, and the Nasdaq Composite (.IXIC), opens new tab rose 0.60%. European stocks (.STOXX), opens new tab nudged higher, rising 0.19%. MSCI's gauge of stocks across the globe (.MIWD00000PUS), opens new tab rose 0.56% to 943.41. U.S. Labor Department data showed that the consumer price index rose 2.7% in 12 months through to July, which was slightly below the 2.8% rate that economists polled by Reuters had forecast. "There was upside risk to inflation and the market was bracing for that in some respects," said James St. Aubin, chief investment officer at Ocean Park Asset Management in Santa Monica, California. "The report today, all things considered, was fairly benign. I don't think there was anything to write home about but it certainly took the worst-case scenario off the table." Asian equities had rallied overnight after U.S. President Donald Trump signed an executive order pausing triple-digit levies on Chinese imports for another 90 days. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab gained 0.19%. Markets on Tuesday traded on short-term relief, however, as the softer-than-expected consumer price data firmed up bets for U.S. rate cuts. Traders are pricing in a 92% chance of a Fed cut in September, according to the CME Fedwatch tool. Short-term U.S. Treasury bond prices rallied moderately, with the yield on two-year notes, which track interest rate expectations, down 1.1 bps at 3.743%. Longer-dated bond prices were lower. The yield on benchmark U.S. 10-year notes rose 3.5 basis points to 4.308%. Investors had been on tenterhooks about this batch of inflation data because it had followed a surprisingly weak jobs report on August 1, and had the potential to make concerns about U.S. stagflation a dominant global narrative. Trump has nominated White House adviser Stephen Miran to temporarily fill a vacant board seat at the U.S. central bank, stirring up speculation about presidential interference in monetary policy. The U.S. and China have engaged in a tit-for-tat tariff duel throughout the year, culminating in trade talks in Geneva, London and Stockholm since May that focused on bringing tariffs down from triple-digit levels. Chinese exports jumped 7.2% year-on-year in July, beating the consensus forecast of economists polled by Reuters, but the nation's factory gate prices dropped by the most in two years in a further sign of manufacturers struggling to sell goods at home. In currency markets, the dollar weakened 0.05% to 148.085 against the Japanese yen and was down 0.5% against the Swiss franc . The euro rose 0.43% against the dollar at $1.166550. The pound rose 0.5% against the dollar to $1.34990 as traders anticipated the Bank of England lagging behind other non-U.S. central banks in implementing rate cuts. The BoE cut benchmark borrowing costs by a quarter-point to 4% last week after a tightly balanced vote between members of its monetary policy committee, who also broadly agreed that the risks of an upward wages-and-prices spiral remained present. Ten-year gilt yields rose by 5 bps to 4.624%. In commodities, spot gold prices were flat at $3,344.60 per ounce after dropping nearly 1.6% on Monday in response to Trump announcing there would be no tariffs on imported gold bars. Brent crude oil traded down 0.14% to $66.55 a barrel ahead of the August 15 meeting between Trump and Russian President Vladimir Putin, aimed at negotiating an end to the war in Ukraine. U.S. crude fell 0.53% to $63.62 a barrel.
