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Stunning ‘rainbow clouds’ spotted over Indonesia: Scientists explain the rare phenomenon |

Residents in Jonggol, Indonesia, were left stunned after vibrant “rainbow clouds” lit up the sky in videos that quickly went viral across social media. The unusual clouds displayed swirling bands of pink, green, blue and yellow, leading some viewers to suspect the footage had been created using artificial intelligence. Scientists, however, say the phenomenon was…

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HSBC shares drop as first-quarter pre-tax profit misses estimates

Europe’s largest lender, HSBC, reported first-quarter pre-tax profit of $9.4 billion on Tuesday, missing analysts’ estimates on the back of higher expected credit losses and other impairment charges. HSBC’s revenue gained 6% year-on-year, exceeding estimates, on stronger wealth fees and other income. Here are HSBC’s first-quarter results compared with the consensus estimates compiled by the bank. Pre-tax…

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