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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...
A Chinese cryptocurrency tycoon is suing an actress and her parents to recover a bride price of 30 million yuan (US$4.5 million), then revealed details of their relationship online while the actress urged that the dispute be left to the courts. Justin Sun, 36, founder of the blockchain platform Tron, has an estimated net worth of US$8.5 billion, according to Forbes. On August 27, Sun published a p...
This week’s devastating floods on the China-Nepal border could be a catalyst for joint early-warning systems, particularly in relation to a proposed rail link between the countries. Rescuers were still struggling on Thursday to reach Gyirong Port in the Tibet autonomous region where a mudslide struck a day earlier, following flash floods from Nepal. The port is the region’s main foreign trade gate...
For more than a month, Aaron* thought he and his wife were learning how to trade stocks. Only later would they realise the lessons were part of the trap. The Singaporean business owner had found a group of self-styled investment experts on Facebook, claiming to offer foolproof tips and guaranteed returns. Soon, he and his wife, who were dabbling in stocks for the first time, were spending about tw...
A lawyer has warned internet users in Hong Kong against exposing personal information of others on social media or risk committing the criminal offence of doxxing, after an insurance firm suspended an employee allegedly involved in a brawl at a Kwun Tong shopping centre. Insurance service provider AIA on Thursday reportedly suspended an employee who was linked to a viral dispute among three women ...
A lawyer has warned internet users in Hong Kong against exposing personal information of others on social media or risk committing the criminal offence of doxxing, after an insurance firm suspended an employee who was revealed to be involved in a brawl at a Kwun Tong shopping centre. Insurance service provider AIA on Thursday reportedly suspended an employee who was linked to a viral dispute among...
A Chinese robotics firm is accelerating its overseas strategy, with a fleet of AI-powered industrial quadrupeds being primed for Saudi Aramco facilities, while revving up its bid for a listing in Hong Kong next year. Heavy-duty, explosion-proof robots from Micbot are tipped to join similar products from other suppliers at oilfields, petrochemical bases and mines operated by Aramco, according to Mi...
Chinese President Xi Jinping may take a business delegation to Washington next month, when he is also likely to sign a trade-war truce extension with US President Donald Trump. The potential business delegation is under negotiation ahead of the September 24 summit, the South China Morning Post reported, citing four people with knowledge of the matter. US executives, including Apple’s Tim Cook and ...
Bangladesh has for the first time confirmed a long-expected deal to purchase China’s 4.5-generation J-10CE fighters, pointing to the jet’s combat performance against Rafale fighters in last year’s India-Pakistan conflict. One military expert said it was a sign that the global perception of Chinese weapons was shifting and the market would gradually open. Zahed Ur Rahman, information and broadcasti...
Roblox has become a flashpoint in Southeast Asia’s debate over child safety online, as officials scrutinise whether young users are being exposed to harmful subcultures on the gaming platform. But analysts warn that it might just be a convenient scapegoat for wider failures in how children are protected online and offline. Most recently, Roblox has been linked to the August 18 school shooting in t...
A 48-year-old Malaysian man is believed to have killed his wife and their two young children before taking his life at a Kuala Lumpur flat, in a case police said might have been linked to losses from an alleged online love scam purportedly involving the woman. Initial police investigations found a note left by the man, blaming his actions on the scam, which had left the family with US$61,000 in lo...
Leaders of the now-disbanded group behind Hong Kong’s annual Tiananmen vigil have said ending one-party rule was an “empty slogan” and that they had never incited anyone to overthrow the Chinese government during their three-decade campaign. The Hong Kong Alliance in Support of Patriotic Democratic Movements of China, its former chairman Lee Cheuk-yan, former vice-chairman Albert Ho Chun Yan and f...
Beijing promised to send emergency aid to Nepal on Friday as Chinese rescuers battled through hazardous conditions to reach the border checkpoint hit by deadly flash floods this week. The disaster left five dead and 558 missing in Tibet’s Gyirong county, while Nepal reported 469 dead and nearly 1,000 missing as of noon Friday. Chinese President Xi Jinping sent a message of condolence to his Nepale...
China’s top leadership has promised to send emergency aid to Nepal as rescue efforts continued in the wake of the devastating flash flood and landslide on the border between the two countries. The disaster has left five dead and 558 missing in Tibet’s Gyirong county, while Nepal reported 469 dead and nearly 1,000 missing. Chinese President Xi Jinping has sent a message of condolence to his Nepales...
Crown Prince Haakon became Norway’s king on Friday after the death of his father Harald. Here are some facts about the new 53-year-old monarch. Early years The new king was born Haakon Magnus on July 20, 1973, and went to a state primary school, as is expected of royals in the egalitarian Scandinavian nation – though his secondary school was private. He joined the navy before studying politics a...
Black Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has announced its third de-SPAC deal through a merger with a satellite communications firm, a move granting it access to the space technology sector. Under the agreement, Singapore-based Astrum Space will combine with blank-check company Black Spade Acquisition III (BIII) at an equity value of about US$1 billi...
Chinese artificial intelligence firm MiniMax has raised the three-year purchase ceiling on its cloud computing deals with Alibaba Group Holding by 220 per cent to US$1.2 billion, underscoring surging demand for computing power among the country’s top AI developers. The Shanghai-based company planned to spend up to US$300 million on Alibaba Cloud services this year, nearly triple its original US$11...
A peace plan agreed between the Democratic Republic of Congo and the Rwanda-backed M23 movement last weekend could open the rebel-held Rubaya coltan deposit and other parts of mineral-rich eastern Congo to US investors. But observers say that even a lasting settlement would leave the United States far behind China, whose companies have spent decades building mining assets, relationships and supply...
Japanese police will expand use of body-worn cameras nationwide from next financial year after trials showed they were effective in providing evidence and verifying that investigative procedures were followed appropriately, the National Police Agency said on Friday. The agency has requested about 170 million yen (US$1 million) for the year starting April 2027 to cover related costs for around 2,00...
China’s top makers of multilayer ceramic capacitors (MLCCs) – ubiquitous components known as the “rice of the electronics industry” – saw their shares rise on Friday after reporting ballooning first-half sales and profits amid soaring demand linked to AI. Shenzhen-listed shares of Chaozhou Three-Circle Company (CCTC) and Guangdong Fenghua Advanced Technology, two of the country’s largest MLCC make...
Hong Kong’s outdoor workers could still lack adequate rest under the revamped heat stress warning system, a lawmaker and a construction industry representative have said, adding that work breaks triggered by higher alerts are not protected by law. The response followed the Labour Department’s announcement on Thursday that it had updated the Heat Stress at Work Warning system to better safeguard ou...
Hong Kong’s outdoor workers may still lack adequate rest under the revamped heat stress warning system, a lawmaker and a construction industry representative have said, adding that work breaks triggered by higher alerts are not protected by law. Their views followed a Thursday announcement by the Labour Department to revise operations behind the Heat Stress at Work Warning system to better safegua...
Norway’s King Harald has died aged 89, the palace said on Friday, his 53-year-old son Crown Prince Haakon automatically succeeding him on the throne. “It is with deep sadness that we announce that His Majesty King Harald passed away today. King Harald passed away peacefully at Oslo University Hospital on Friday, August 28 at 6.35am,” it said in a statement. The flag at the royal palace in Oslo was...
Norway’s King Harald V died on Friday at age 89, the royal palace announced. “It is with deep sadness that we announce that His Majesty King Harald passed away today. King Harald passed away peacefully at Oslo University Hospital on Friday, August 28 at 6.35am,” it said in a statement. Harald was Europe’s oldest monarch. The popular king modernised the royal house but refused to follow in the foot...
Nepali army helicopter rescue teams were working on Friday to rescue around 100 people trapped inside a tunnel at a hydropower project swamped by a devastating flood two days earlier. “Our focus is in search and rescue of people … some people are trapped in the tunnel of Trishuli 3A hydropower project,” Nepal Army spokesman Raja Ram Basnet said. “Two helicopters have been dispatched but it is chal...
