China and Russia's leaders have hailed a "new era" in their relationship, on the second day of Xi Jinping's visit to Moscow. Xi and Vladimir Putin have been setting out plans to boost co-operation and discussing Beijing's peace plan for Ukraine. Xi spoke after the two leaders signed a joint statement at the Kremlin:

Russian news agencies have reported that President Xi has invited Putin to visit China in the coming months. Wendy Wong reports:

The Executive Council has approved a decision to link the MTR's fare formula directly to its property profits. That means the more the railway company earns, the smaller its fare hikes will be in future. The change, hailed as a breakthrough by the transport secretary, will come into force this summer. Kelly Yu reports:

Lawmaker Gary Zhang says it is a positive change to have the MTR's profits taken into account when it comes to setting train fares. But Zhang, who used to be an engineer with the railway company, said the level in the formula was too low and he did not anticipate any fare reductions over the coming year. He also said the new mechanism would have 'minimal' financial impact on the MTR Corporation, given the scale of its profits. Zhang told Samantha Butler that it would be better if fares were linked to the MTRC's overall profits:

The government has put forward proposals to make it easier for reclamation to be carried out in Victoria Harbour. Officials have suggested relaxing a general ban on such work and cutting the paperwork required to secure exemptions under the Harbour Protection Ordinance. Damon Pang reports:

The CEO of Designing Hong Kong, Paul Zimmerman, has welcomed the opportunity to review harbour protection laws to see what works and what does not. But the Harbourfront Commission member also expressed concern that the government seemed to have all the changes in mind before consulting the public. Zimmerman spoke to Damon Pang:

The Labour Department is investigating the death of another worker at a construction site on Anderson Road. This comes as it prosecutes a contractor, subcontractors and individuals involved in a fatal crane collapse at a building site in the area six months ago. Vanessa Cheng reports:

Unionist lawmaker Lam Chun-sing says penalties for industrial accidents, and the time limit for prosecutions, need to be increased. Lam, from the Federation of Hong Kong and Kowloon Labour Unions, told Vicky Wong that he was worried there was an increasing trend of fatal workplace accidents, as companies that had to suspend operations at construction sites during the pandemic were now trying to speed up work:

The Chief Executive says he is confident Hong Kong will not be significantly affected by the fallout from the rescue deal that saw Credit Suisse taken over by UBS on Sunday. But John Lee seems to have decided against appearing at an investment conference organised by the troubled 166-year-old Swiss lender that opened here on Tuesday, as Frank Yung reports:

This year's Art Central fair will open its doors from Wednesday at the Hong Kong Convention and Exhibition Centre and organisers are confident of a good turnout. The fair runs until Saturday and is billed as a cornerstone event of Hong Kong Art Week, featuring works from more than 100 galleries, 37 of them in the city. There will also be tours and workshops about the exhibits. Art Central director, Corey Andrew Barr, and curatorial advisor, Chris Wan, spoke to Leung Pak-hei about the fair:

A damning report has found that Britain's biggest police force is "institutionally racist, misogynist and homophobic". It says there is a "boys' club" culture in London's Metropolitan Police in which predatory behaviour against women has been allowed to flourish. As RTHK's UK correspondent Gavin Grey told Samantha Butler, Baroness Casey was appointed to review the force after the abduction, rape and murder of a woman by an officer: