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President Donald Trump on Friday said the US has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defence Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez. “The United States of America has just...
The United States announced sanctions on a Hong Kong company on Friday for allegedly helping launder funds for a sanctioned Iranian exchange house, the latest Chinese entity to be targeted as part of Washington’s expanded efforts to squeeze Iran’s financial sector. The development comes as Washington has in recent days slapped new Iran-related sanctions on various Chinese entities, prompting Beiji...
US immigration officials arrested controversial British far-right commentator Milo Yiannopoulos on Thursday in New Orleans, according to the Department of Homeland Security. Immigration officials announced on Friday that Yiannopoulos was arrested at Louis Armstrong New Orleans International Airport and accused him of overstaying after entering the United States legally in May 2019 through New York...
On the windswept plains just south of Tibet’s second-largest city, the towering smart inspection systems and automated cargo gantries of a brand-new international land port gleam under the plateau’s high-altitude sun. Official road maps predict the multibillion-yuan project in Shigatse will process up to 300 trucks daily by the end of 2030 – loading cargo off trains and onto the trucks that will t...
Artificial intelligence (AI) poses risks that do not respect national borders, from cyberattacks and misinformation to system malfunction and potentially dangerous misuse. In a geopolitically charged world, does greater incompatibility between countries make AI safer? UN Secretary General Antonio Guterres offered a clear answer at the inaugural UN Global Dialogue on AI Governance: “When countries ...
Rescuers pulled out survivors caked in dark brown mud and helicopters lifted stranded people to safety, as Nepal and China raced to respond to catastrophic flash floods that killed nearly 600 people and left almost 2,500 missing. The rescue efforts included a team that rappelled into a severely damaged checkpoint area on the Chinese side of the border between the two countries. Rescuers were on hi...
US President Donald Trump on Friday announced the creation of a “Space Academy” to train future civilian and military recruits for an arena where the United States faces rivalry with China. Speaking at Nasa’s Johnson Space Centre in Houston, Trump said the institution would be modelled on the famed US military academy at West Point. “It’s called the US Space Academy. That’s a big deal,” Trump said...
President Donald Trump arrives at an awkward moment for his presidency on Friday as the US-Israel war against Iran reaches the six-month mark, a notable milestone for a conflict that the Republican leader repeatedly assured Americans would be a “little excursion” lasting a matter of weeks. The war is not over, though Trump claims that through bombs and blockade, he has already devastated Iran’s le...
The US central bank will “have work to do” if policymakers are not confident that underlying inflation is returning to its 2 per cent target, Federal Reserve Chairman Kevin Warsh said on Friday in remarks that acknowledged financial conditions do not appear restrictive and marked the closest he has come to acknowledging interest rate hikes may be needed to ease price pressures. “Here is my standar...
The US central bank will “have work to do” if policymakers are not confident that underlying inflation is returning to its 2 per cent target, Federal Reserve Chairman Kevin Warsh said on Friday in remarks that acknowledged financial conditions do not appear restrictive and marked the closest he has come to acknowledging interest rate hikes may be needed to ease price pressures. “Here is my standar...
China’s electric vehicle (EV) giant BYD saw its earnings jump 30 per cent in the three months from April to June, ending a five-quarter losing streak as buoyant overseas sales and premium models enhanced its net margin and profitability. The Shenzhen-based carmaker, also the world’s largest EV builder, posted a net income of 8.2 billion yuan (US$1.2 billion) in the second quarter, up 30 per cent y...
“Asia’s water tower” is heading towards a more unpredictable and unstable future, according to a new study measuring the Tibetan Plateau’s stability. The study, published on August 21 in Nature Communications, examined the entropy of the region to gauge how much chaos or disorder was building up in a complex system. The results were released just days before a catastrophic flash flood struck the N...
Hong Kong authorities will take enforcement action against dog owners who fail to keep their pets under control during special operations taking place on Sunday and the following weekend in response to a spate of canine attacks. The Agriculture, Fisheries and Conservation Department (AFCD) also said on Friday that it seized a fighting dog at a restaurant in Stanley two days earlier after conductin...
Beijing has unveiled a package of measures to shift home sales in China’s vast property market away from a presales model, in a stronger-than-expected push to stabilise a property downturn that has weighed on consumer demand for years. A notice released on Friday laid out reforms to China’s home sales system, telling local governments to prioritise completed-home sales. It was jointly issued by th...
An unmanned electric vertical take-off and landing (eVTOL) aircraft made its maiden demonstration flight in Hong Kong on Friday, as the city pushes to develop a low-altitude economy, with the government aiming to complete drafting relevant legislation by 2027. The flight marked a collaboration between mainland Chinese autonomous aerial vehicle firm EHang, local transport operator Kwoon Chung Bus H...
Beijing has formally removed former senior officers Zhang Youxia and Liu Zhenli as members of China’s supreme military command. The two generals have been under investigation for alleged discipline violations since January and were officially stripped of their positions on the Central Military Commission (CMC) at a meeting of the National People’s Congress’ Standing Committee on Friday. As the CMC...
The Central Asian country of Uzbekistan has approached the United States about joining Pax Silica, Washington’s flagship initiative on artificial intelligence (AI) supply chains, a month after signing up for China’s own global grouping, the World Artificial Intelligence Cooperation Organization (Waico). Uzbekistan’s ambassador to the US, Furqat Sidikov, said Tashkent had formally notified the US S...
Within hours of a devastating glacier collapse on the China-Nepal border, a Beijing-based satellite company had already redirected six of its satellites to survey the disaster zone. The high-resolution radar images they captured revealed a massive collapse site near a remote mountain pass. Unlike optical sensors, radar signals can pierce through haze and cloud, mapping terrain changes with high pr...
One of the two people killed in an attack at a school near Berlin was a 30-year-old nursery worker, police said on Friday. It had previously been reported that the man who was killed in Thursday’s attack was the caretaker. A woman and a man were killed in the violent incident at a school in the small community of Gosen-Neu Zittau on the southeastern edge of the German capital. The school site hous...
With the end of the 60-day US-Iran memorandum of understanding, tensions in the Strait of Hormuz have flared again. The crisis in the strait highlights how the security and stability of key international waterways are becoming an increasingly urgent global concern. Over the past decade, major maritime routes have been affected by regional armed conflicts, geopolitical tensions and growing security...
An 81-year-old man has been sentenced to life imprisonment in Germany for the murder of an American tourist more than 30 years ago, the presiding judge at Koblenz Regional Court, Rupert Stehlin, announced on Friday. The court also found that the offence was of a particularly serious nature. In doing so, the bench concurred with the unanimous assessments of the prosecution, the representatives of t...
Malaysia sees an opening in the Gulf travel disruption caused by the Iran war, pitching itself as a Muslim-friendly destination for travellers seeking halal food, prayer facilities and family-focused holidays. But such gains could be limited because the conflict has not only weakened tourism within the Middle East, but also affected long-haul flight routes that Malaysia depends on to draw Muslim t...
Gong Zizheng, a pioneer of space debris research and a key figure in China’s planned asteroid defence mission, has died at 61. A top government adviser and prominent leader in international space debris organisations, Gong died on Saturday after a battle with illness, according to Chinese media reports. No further details were given. On social media, one of Gong’s colleagues at the China Academy o...
To scientists, the cause of this week’s deadly flash flood on the border between China and Nepal is clear: a glacier high on the Nepal side of the Himalayan range collapsed, sending catastrophic amounts of water and debris downstream. Initial uncertainty over the cause of the event fuelled a wave of misinformation on social media, some of which pinned the blame for the event on Chinese-built infra...
Restart schedules for the Jianxiawo lithium mine in Yichun, Jiangxi Province operated by CATL – the world’s largest lithium-ion-battery producer – are now facing fresh uncertainty. Analysts said the development could fuel volatility in lithium prices in the fourth quarter since the mine – the world’s largest single‑deposit lepidolite mine according to Yichun city – represented roughly 4 to 5 per c...
Hong Kong’s rail operator will use a skidding method – the first worldwide for a heavy-rail project – to build Hung Shui Kiu station, helping to overcome time constraints and ensure completion by 2030. The MTR Corporation said on Friday that the station structures, each weighing about 10,000 tonnes, would be assembled from prefabricated components at worksites on either side of an operational viad...
Chinese chipmaker ChangXin Memory Technologies (CXMT) reported a sharp surge in first-half revenue on Friday, as the firm released its first financial results since becoming China’s most valuable publicly traded company in a blockbuster Shanghai listing last month. The Hefei-based firm – China’s leading maker of dynamic random-access memory (DRAM) products – posted revenue of 150.31 billion yuan (...
Hong Kong has launched the first regional mediation and arbitration platform dedicated to medical and healthcare services as part of the city’s efforts to resolve local and cross-border disputes and strengthen its bid to become an international legal services hub. The Healthcare Dispute Resolution Centre, a non-profit organisation set up in 2024, announced its new online platform on Friday, provid...
A Dutch court on Friday handed a life sentence to a 66-year-old man for his role in the massacre of 3,000 Tutsis during the 1994 Rwanda genocide. During the violence that took place in April 1994, terrified victims sought refuge in a football stadium in Mbazi, southern Rwanda, only to be systematically slaughtered. The judge said that the man, identified as Eugene N., prevented Tutsis from escapin...
Bank of China (Hong Kong), one of the city’s three note-issuing banks, reported a 7.1 per cent year-on-year increase in first-half net profit, as lower impairment charges and a wider net interest margin helped offset continued pressure on lending margins from falling Hong Kong interbank rates. Profit attributable to shareholders came to HK$23.74 billion (US$3 billion) for the six months to June 30...
