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An activist holds a placard highlighting China's Tiananmen Square massacre as pro-democracy media tycoon Jimmy Lai arrives at West Kowloon Magistrates' Court in Hong Kong in November. Photo: Isaac Wong/SOPA Images/LightRocket via Getty Images

Hong Kong media tycoon Jimmy Lai is being detained until an April court hearing after the pro-democracy supporter was charged Thursday with fraud, per his Apple Daily news outlet.

Why it matters: The 72-year-old's arrest and denial of bail is another blow for the pro-democracy movement in the former British colony amid concerns about a fresh crackdown on activists.

Of note: Lai's latest arrest, along with two other senior executives from media company Next Digital, is related to the "illegal use of his company's premises," the BBC notes.

Go deeper: Arrest of Jimmy Lai highlights different kind of shareholder activism

Go deeper

Jan 6, 2021 - World

With Hong Kong arrests, China outlaws democracy itself

Hong Kong Civic Party members hold a press conference on January 6, 2021, following the arrest of dozens of opposition figures. Photo: Anthony Wallace/ AFP via Getty Images.

On Jan. 6, Hong Kong authorities arrested more than 50 pro-democracy activists and politicians who participated in primary elections last year, charging them with "subverting state power" under the national security law that China forced on the city last year.

The big picture: The arrests indicate Chinese Communist Party leaders see any form of true participatory government as an illegitimate subversion of their power.

McCarthy jokes about hitting Pelosi with gavel if he becomes Speaker, in new audio

Kevin McCarthy. Photo: Win McNamee/Getty Images

House Minority Leader Kevin McCarthy (R-Calif.) can be heard saying "it would be hard not to hit" House Speaker Nancy Pelosi with the speaker's gavel if Republicans retake the House in 2022 and he becomes speaker, according to new audio posted to Twitter by a Main Street Nashville reporter.

Driving the news: McCarthy made the comments during a fundraising event in Tennessee, as he was handed an oversized gavel by members of the Tennessee congressional delegation, reports CNN.

Updated 3 hours ago - World

U.S. and U.K. blame Iran for drone strike on oil tanker

Britain's Foreign Secretary Dominic Raab. Photo: Sameer Al-DOUMY / AFP

Secretary of State Antony Blinken and British Foreign Secretary Dominic Raab said on Sunday that the United States and United Kingdom, respectively, now believe Iran was likely responsible for last week's drone strike on an oil tanker in the Arabian sea.

Why it matters: The United States and Britain now join Israel in accusing Tehran of being behind the July 29 attack off the coast of Oman. Iran has denied involvement.