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Dollar risks rising but Plaza Accord-style coordination not feasible now: ex-IMF adviser
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Dollar risks rising but Plaza Accord-style coordination not feasible now: ex-IMF adviser

With central banks prioritising domestic objectives, Plaza Accord-style exchange-rate coordination is now out of reach despite growing concerns over the dollar-centred monetary system, complicating the smooth transition to a more multipolar international monetary system, according to a prominent economic historian. Barry Eichengreen, a former senior policy adviser at the International Monetary Fun...

Kyiv struck by Russian missiles hours after Paris summit
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Kyiv struck by Russian missiles hours after Paris summit

Russian forces attacked the Ukrainian capital Kyiv with missiles early ‌on Tuesday, triggering fires in widely separated districts of the city, senior officials said. The air alert in the city was lifted after about 50 minutes. No casualties ⁠were reported. Tymur Tkachenko, head of the capital’s ‌military administration, said two storage areas were hit and set on fire in ‌the Holosiivskyi district...

Russian missiles strike Kyiv, triggering fires across the Ukrainian capital
SCMP

Russian missiles strike Kyiv, triggering fires across the Ukrainian capital

Russian forces attacked the Ukrainian capital Kyiv with missiles ‌early on Tuesday, triggering fires in widely separated districts of the city, senior officials said. The air alert in the city was lifted after about 50 minutes. No casualties ⁠were reported. Tymur Tkachenko, head ⁠of the capital’s military administration, said ‌two storage areas were hit and set ‌on fire in the Holosiivskyi ⁠distri...

UK outlaws support for IRGC, Iran-linked group under new powers
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UK outlaws support for IRGC, Iran-linked group under new powers

Britain banned support for Iran’s Islamic Revolutionary Guard Corps (IRGC) and a linked group on Monday following a series of antisemitic attacks, using new powers designed to stop the use of state-sponsored proxies. The government and intelligence agencies have become increasingly ‌concerned about foreign powers paying organised crime groups or low-level criminals for surveillance, sabotage or ot...

UK bans support for Iran’s IRGC and a linked group over antisemitic attacks in Britain

UK bans support for Iran’s IRGC and a linked group over antisemitic attacks in Britain

SCMP

Britain banned support for Iran’s Islamic Revolutionary Guard Corps (IRGC) and a linked group on Monday following a series of antisemitic attacks, using new powers designed to stop the use of state-sponsored proxies. The government and intelligence agencies have become increasingly ‌concerned about foreign powers paying organised crime groups or low-level criminals for surveillance, sabotage or ot...

Burnham to be next UK prime minister after securing more Labour MPs’ support

Burnham to be next UK prime minister after securing more Labour MPs’ support

SCMP

Andy Burnham took another significant step on Monday towards becoming Britain’s next prime minister, netting additional Labour MPs’ nominations to give him an unassailable lead in the ruling party’s leadership contest. The veteran politician, who has served as Greater Manchester mayor for nearly a decade, is the only Labour member of parliament to publicly declare themselves a candidate to replace...

UK’s Burnham set to be PM after securing more Labour MPs’ support

UK’s Burnham set to be PM after securing more Labour MPs’ support

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Andy Burnham took another significant step on Monday towards becoming Britain’s next prime minister, netting additional Labour MPs’ nominations to give him an unassailable lead in the ruling party’s leadership contest. The veteran politician, who has served as Greater Manchester mayor for nearly a decade, is the only Labour member of parliament to publicly declare themselves a candidate to replace...

Will Manila and Hanoi’s maritime deal challenge Beijing in the South China Sea?

Will Manila and Hanoi’s maritime deal challenge Beijing in the South China Sea?

SCMP

A decade after Beijing rejected the ruling by The Hague’s Permanent Court of Arbitration on its South China Sea claims, rival nations continue to manoeuvre for control. In the second of our series on the anniversary, Alyssa Chen explores how deepening maritime cooperation between the Philippines and Vietnam could affect China’s regional strategy. With Vietnamese President To Lam by his side in Man...

Why China is seriously cultivating AI entertainment

Why China is seriously cultivating AI entertainment

SCMP

China’s artificial intelligence ambitions tend to be depicted in the news as predominantly related to defence, large language models and semiconductors. But one emerging use case for AI revolves around a market projected to grow to US$441 billion by 2035: China’s entertainment market. Just last week, Chinese regulators announced policies encouraging cinemas to reinvent themselves with AI-powered e...

US National Science Foundation to ban projects with flagged Chinese institutions

US National Science Foundation to ban projects with flagged Chinese institutions

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The United States’ National Science Foundation (NSF) is set to ban collaborations with Chinese research institutions designated as restricted entities, as well as their employees, under a new policy that moves away from seeking to balance security risks with the benefits of international collaboration. The policy reflects a broader congressional push by House Republicans to curb academic partnersh...

UK to change law in bid to deport grooming gang ringleader

UK to change law in bid to deport grooming gang ringleader

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Interior minister Shabana Mahmood announced plans on Monday to change UK law to allow a convicted paedophile who led a so-called grooming gang to be deported following his release from prison. Shabir Ahmed was jailed in 2012 for 22 years for multiple child sexual offences including rape when he was the ringleader of a gang of similarly predatory men targeting girls in Rochdale, northern England. H...

US tariff probe unlikely to derail autumn Xi-Trump meeting: analysts

US tariff probe unlikely to derail autumn Xi-Trump meeting: analysts

SCMP

The ongoing US tariff investigations against China and Washington’s other trading partners are unlikely to significantly impair bilateral ties or the planned meeting in September between US President Donald Trump and Chinese leader Xi Jinping, analysts said on Monday. “China is just one of a group of countries. So it’s less insulting to China,” said Wei Liang, a professor at the Middlebury Institu...

US tariff probe unlikely to derail fall Xi-Trump meeting: analysts

US tariff probe unlikely to derail fall Xi-Trump meeting: analysts

SCMP

The ongoing US tariff investigations against China and Washington’s other trading partners are unlikely to significantly impair bilateral ties or the planned meeting in September between US President Donald Trump and Chinese leader Xi Jinping, analysts said on Monday. “China is just one of a group of countries. So it’s less insulting to China,” said Wei Liang, a professor at the Middlebury Institu...

Trump administration turns over withheld evidence in Good, Pretti killings by agents

Trump administration turns over withheld evidence in Good, Pretti killings by agents

SCMP

US President Donald Trump’s administration has turned over to ⁠Minneapolis prosecutors evidence it had withheld on immigration agents’ killings of Renee Good and Alex Pretti and wounding of a Venezuelan man during deportation sweeps in January, local officials said on Monday. Hennepin County Attorney Mary Moriarty, the city’s lead prosecutor, said the federal government handed over the “voluminous...

Trump officials turn over withheld evidence in Renee Good, Alex Pretti ICE killings

Trump officials turn over withheld evidence in Renee Good, Alex Pretti ICE killings

SCMP

US President Donald Trump’s administration has turned over to ⁠Minneapolis prosecutors evidence it had withheld on immigration agents’ killings of Renee Good and Alex Pretti and wounding of a Venezuelan man during deportation sweeps in January, local officials said on Monday. Hennepin County Attorney Mary Moriarty, the city’s lead prosecutor, said the federal government handed over the “voluminous...

Trump officials turn over withheld evidence in killings of Renee Good and Alex Pretti

Trump officials turn over withheld evidence in killings of Renee Good and Alex Pretti

SCMP

US President Donald Trump’s administration has turned over to ⁠Minneapolis prosecutors evidence it had withheld on immigration agents’ killings of Renee Good and Alex Pretti and wounding of a Venezuelan man during deportation sweeps in January, local officials said on Monday. Hennepin County Attorney Mary Moriarty, the city’s lead prosecutor, said the federal government handed over the “voluminous...

Lindsey Graham’s death removes one of Washington’s most influential China hawks

Lindsey Graham’s death removes one of Washington’s most influential China hawks

SCMP

The death of US Senator Lindsey Graham has removed one of Washington’s most influential advocates of a hardline approach towards China at a moment when Republicans are debating how aggressively the United States should confront Beijing and project military power overseas. Attention is now turning to whom South Carolina Governor Henry McMaster appoints to fill the vacant Senate seat – and whether G...

Wildfires scorch historic forest near Paris as suspected arsonists arrested

Wildfires scorch historic forest near Paris as suspected arsonists arrested

SCMP

France on Monday battled two fires that scorched over 1,300 hectares in a forest south of Paris on Monday, as police arrested two people suspected of arson. The fire erupted Sunday in the sprawling Fontainebleau forest, a former royal hunting estate that today is dotted with quiet villages, about 60km (40 miles) southeast of the capital. As the region sweltered through its latest heatwave, the wil...

2 arrested over Fontainebleau forest fire near Paris, interior minister says

2 arrested over Fontainebleau forest fire near Paris, interior minister says

SCMP

France’s interior minister on Monday said two people had been arrested in connection to a fire in the Fontainebleau forest near Paris. The arrests were among a total of 59 made across the country for “deliberate or accidental arson”, Laurent Nunez said on France2 television, as the country battles wildfires and swelters through its latest heatwave. “There were about 10 fire ignition points within ...

Shein executive chairman to step down as IPO nears completion, sources say

Shein executive chairman to step down as IPO nears completion, sources say

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Shein Executive Chairman Donald Tang will step down as his mission of taking the company public nears completion, three sources with direct knowledge of the matter said on Monday, retreating to an advisory role after three years as the public face of the global fast-fashion retailer. A Chinese-American billionaire who began his career in banking, Tang has acted as the Western proxy of ‌secretive S...

Pentagon invests US$25 million into rare earths start-up ReElement Technologies

Pentagon invests US$25 million into rare earths start-up ReElement Technologies

SCMP

The US Department of Defence ⁠said on Monday ⁠it would invest US$25 million ⁠in rare earths start-up ReElement Technologies, part of a broader push by the Trump administration to boost domestic supplies of critical minerals and challenge ‌China’s dominance of the sector. ReElement aims to use a novel processing technology to refine rare earths and other critical minerals at its planned commercial ...

Why ‘reverse tech transfer’ from China remains a non-starter in the US auto industry

Why ‘reverse tech transfer’ from China remains a non-starter in the US auto industry

SCMP

For decades, Western carmakers complained that China forced them to hand over technology in exchange for access to the world’s largest auto market. Now the tables have turned. As Chinese carmakers capture global market share with cheaper, high-quality electric vehicles, countries including Canada and members of the European Union are embracing a “reverse tech transfer” strategy – by seeking Chines...

Mexico filing legal complaints over US immigration deaths

Mexico filing legal complaints over US immigration deaths

SCMP

Mexico said on Monday it does not seek conflict with the United States but must stand up for its citizens as it seeks criminal charges over the killing of several Mexicans by US immigration authorities. At least 17 Mexican citizens have died while held by Immigration and Customs Enforcement (ICE) or during federal raids since US President Donald Trump returned to the White House last year. Having ...

Mexico to file legal complaints over US immigration deaths, says President Sheinbaum

Mexico to file legal complaints over US immigration deaths, says President Sheinbaum

SCMP

Mexico said on Monday it does not seek conflict with the United States but must stand up for its citizens as it seeks criminal charges over the killing of several Mexicans by US immigration authorities. At least 17 Mexican citizens have died while held by Immigration and Customs Enforcement (ICE) or during federal raids since US President Donald Trump returned to the White House last year. Having ...

US launches sweeping campaign against ICC over ‘threat to US sovereignty’

US launches sweeping campaign against ICC over ‘threat to US sovereignty’

SCMP

The United States on Monday announced a sweeping campaign against the International Criminal Court (ICC) that could include further sanctions and other measures, accusing it of posing “an intolerable threat to US sovereignty”. The Trump administration said it would pressure other countries to withdraw from the court, marking a sharp escalation in the US effort to isolate the Hague-based institutio...

US vows campaign to end ICC, calling it ‘intolerable threat’ to American sovereignty

US vows campaign to end ICC, calling it ‘intolerable threat’ to American sovereignty

SCMP

The United States on Monday announced a campaign against the Hague-based International Criminal Court (ICC), accusing the tribunal of posing “an intolerable threat to US sovereignty” and threatening sanctions. “The ICC and its friends are waging a war against our country, not with bullets or missiles, but with statutes, compacts and the force of so-called international law,” Secretary of State Mar...

US vows campaign to end ICC, ‘intolerable threat’ to American sovereignty

US vows campaign to end ICC, ‘intolerable threat’ to American sovereignty

SCMP

The United States on Monday announced a campaign against the Hague-based International Criminal Court (ICC), accusing the tribunal of posing “an intolerable threat to US sovereignty” and threatening sanctions. “The ICC and its friends are waging a war against our country, not with bullets or missiles, but with statutes, compacts and the force of so-called international law,” Secretary of State Mar...

US vows campaign to end ICC ‘intolerable threat’ to American sovereignty

US vows campaign to end ICC ‘intolerable threat’ to American sovereignty

SCMP

The United States on Monday announced a campaign against the Hague-based International Criminal Court (ICC), accusing the tribunal of posing “an intolerable threat to US sovereignty” and threatening sanctions. “The ICC and its friends are waging a war against our country, not with bullets or missiles, but with statutes, compacts and the force of so-called international law,” Secretary of State Mar...

EU countries push for trade ban with Israeli settlements

EU countries push for trade ban with Israeli settlements

SCMP

Most European Union countries on Monday called for the bloc to put forward a proposal on banning the import of products from Israeli settlements, EU foreign policy chief Kaja Kallas said. “The option that got the most support was banning the trade with the illegal settlements,” Kallas said after a meeting of the bloc’s foreign ministers. “We tasked ambassadors to take this work forward and also mi...