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HSBC to relocate senior executive to Hong Kong amid pivot to Asia: sources
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HSBC to relocate senior executive to Hong Kong amid pivot to Asia: sources

HSBC Holdings will relocate its group chief people and governance officer, Aileen Taylor, from London to Hong Kong later this year, as the lender doubles down on expanding its Hong Kong and Asia operations, according to sources at the bank. A source told the South China Morning Post that an internal decision to relocate Taylor to Hong Kong had already been made, as part of a push to strengthen the...

US posts photo of coastguard working with Taiwan after Beijing starts patrols
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US posts photo of coastguard working with Taiwan after Beijing starts patrols

The United States has released a rare photo of the American and Taiwanese coastguards operating together at sea, as Beijing expands maritime law enforcement in waters east of the island. The American Institute in Taiwan (AIT) – the de facto US embassy in Taipei – posted the undated image on social media on Tuesday, saying the two sides were coordinating on search, rescue, disaster relief and marit...

AI competition heats up as US targets Southeast Asia’s public sector
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AI competition heats up as US targets Southeast Asia’s public sector

Washington’s new AI Spark initiative to promote American artificial intelligence systems in Southeast Asia’s public services and digital infrastructure is seen as a move to counter the region’s deepening partnerships with Chinese firms in the deployment of the technology. However, the initiative is unlikely to force Southeast Asia to choose between AI Spark and the Chinese model, as the region is ...

How Hong Kong can chart a cycle-friendly course
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How Hong Kong can chart a cycle-friendly course

During the opening ceremony of Ride to Shine Hong Kong this month, Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui challenged Hongkongers to cycle more than 1.2 million km – a distance equivalent to circling the Earth 30 times – to commemorate Hong Kong’s 30th anniversary of returning to China next year. Cycling is more than a trend and worth developing. Since the invention of the b...

Chinese gaokao student’s inspiring story captivates nation after losing last relative

Chinese gaokao student’s inspiring story captivates nation after losing last relative

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An 18-year-old Chinese girl recently lost her last living relative as she embarks on her university journey, yet she has declined donations, asking that they be given to others in need. Zeng Zixuan scored 564 out of 750 on this year’s gaokao, the national higher education entrance exam, and has been admitted to the petroleum engineering programme at Yangtze University. She chose this university be...

Should China aim for the lead in making AI rules for the world?

Should China aim for the lead in making AI rules for the world?

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Beijing should step in to fill the global “vacuum” in rules on artificial intelligence as a Chinese AI model opens up a policy divide in the United States, according to various institutions within China. The calls came after Beijing-based start-up Moonshot AI launched its Kimi K3 model earlier this month, sending shock waves through Silicon Valley and the White House. The model is reportedly almos...

AI boom will sustain Hong Kong’s export surge, lift GDP outlook, economists say

AI boom will sustain Hong Kong’s export surge, lift GDP outlook, economists say

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Hong Kong’s export surge will extend into the coming months, driven by the global AI boom, economists have told the South China Morning Post, adding that GDP growth could surpass official forecasts. Billy Mak Sui-choi, an associate professor at Baptist University’s department of accountancy, economics and finance, said global demand for artificial intelligence (AI) remained far from saturated and ...

South Korean scientists solve 250-year-old dementia-linked brain mystery

South Korean scientists solve 250-year-old dementia-linked brain mystery

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Researchers in South Korea say they have finally worked out how the brain flushes away waste – offering a clearer picture of the processes involved in dementia and other brain disorders that could one day be harnessed to treat them. The breakthrough, published this month in journal Cell, solved a puzzle that has stumped scientists since lymphatic vessels around the brain were first discovered roug...

Shanghai Clearing House targets global growth with expanded offshore yuan push

Shanghai Clearing House targets global growth with expanded offshore yuan push

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China is pushing a new model to boost international sales of its domestic bonds, with the Shanghai Clearing House (SHCH) leveraging global financial networks to expand the offshore yuan pool. Writing in a recent article, SHCH chief Ma Jianyang noted that the initiative was designed to solidify Shanghai’s dominance in offshore yuan derivatives clearing while insulating the domestic market from cros...

Musk’s X launches invite-only ‘X Money’ payment service

Musk’s X launches invite-only ‘X Money’ payment service

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Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another. The service, known as X Money, is not a new bank. X Money is using technology and banking services provided by Cross River Bank and branding that backbone as X Money. It is common for new financial companies to use a traditional bank’s backbone to lau...

Elon Musk launches invite-only X Money where users can send cash to one another

Elon Musk launches invite-only X Money where users can send cash to one another

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Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another. The service, known as X Money, is not a new bank. X Money is using technology and banking services provided by Cross River Bank and branding that backbone as X Money. It is common for new financial companies to use a traditional bank’s backbone to lau...

US teen gets life for killing 4 in Georgia high school shooting

US teen gets life for killing 4 in Georgia high school shooting

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A US teenager who shot dead four people at a high school with a gun his father gave him as a Christmas present was sentenced to life in prison on Tuesday. Colt Gray, 16, pleaded guilty to carrying out the September 2024 attack at Apalachee High School in the town of Winder, Georgia. Gray was 14 years old when he shot dead two 14-year-old pupils and two teachers, while also wounding nine other peop...

Life in prison, no parole, for US teenager who killed 4 in Georgia school shooting

Life in prison, no parole, for US teenager who killed 4 in Georgia school shooting

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A US teenager who shot dead four people at a high school with a gun his father gave him as a Christmas present was sentenced to life in prison on Tuesday. Colt Gray, 16, pleaded guilty to carrying out the September 2024 attack at Apalachee High School in the town of Winder, Georgia. Gray was 14 years old when he shot dead two 14-year-old pupils and two teachers, while also wounding nine other peop...

Iranian missile salvoes and US-Saudi strikes shatter brief Middle East lull

Iranian missile salvoes and US-Saudi strikes shatter brief Middle East lull

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Jordan’s air defences intercepted five missiles launched from Iran early on Wednesday, the country’s military said, hours after the US military said it had knocked down an Iranian missile barrage launched against American forces in the Middle East, shattering a brief pause in fighting. The Jordanian military said the missiles had been “intercepted and destroyed”. Iran’s state-run IRNA news agency ...

Iranian missile salvoes, US-Saudi strikes in Iraq shatter brief Middle East lull

Iranian missile salvoes, US-Saudi strikes in Iraq shatter brief Middle East lull

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Jordan’s air defences intercepted five missiles launched from Iran early on Wednesday, the country’s military said, hours after the US military said it had knocked down an Iranian missile barrage launched against American forces in the Middle East, shattering a brief pause in fighting. The Jordanian military said the missiles had been “intercepted and destroyed”. Iran’s state-run IRNA news agency ...

Iranian missiles, US-Saudi strikes in Iraq shatter brief Middle East lull

Iranian missiles, US-Saudi strikes in Iraq shatter brief Middle East lull

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Jordan’s air defences intercepted five missiles launched from Iran early on Wednesday, the country’s military said, hours after the US military said it had knocked down an Iranian missile barrage launched against American forces in the Middle East, shattering a brief pause in fighting. The Jordanian military said the missiles had been “intercepted and destroyed”. Iran’s state-run IRNA news agency ...

US thwarts Iranian missile barrage, joins Saudis in Iraq strikes

US thwarts Iranian missile barrage, joins Saudis in Iraq strikes

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The US military said Tuesday that it knocked down an Iranian missile barrage and worked with Saudi forces to strike sites in Iraq that Tehran-backed militias used to launch attacks in recent days, shattering a brief pause in the fighting. All Iranian missiles launched against American forces in the Middle East were intercepted, US Central Command said, adding that they “remain vigilant and at a hi...

Saudi Arabia says it shot down more drones as Houthis claim to have turned back tanker

Saudi Arabia says it shot down more drones as Houthis claim to have turned back tanker

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Saudi Arabia said on Tuesday that it shot down drones fired by Iran-backed militias in Iraq for a second day, while Iran-backed Houthi rebels in Yemen claimed to have forced a Saudi oil tanker to turn around as part of their self-styled blockade of the kingdom. The attacks underscored lingering tensions despite a period of calm between the United States and Iran, neither of which has announced att...

US bans new Chinese robots, power inverters in latest tech crackdown

US bans new Chinese robots, power inverters in latest tech crackdown

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The Trump administration on Tuesday announced bans on imports of new Chinese robots and power inverters, citing threats to US national security and supply chain vulnerabilities. Without naming China, the Federal Communications Commission (FCC) expanded its Covered List to include two new categories of foreign-made equipment: advanced robotic devices and connected power inverters. The robotic devic...

Can China and Indonesia’s strong financial ties withstand ‘resource nationalism’?

Can China and Indonesia’s strong financial ties withstand ‘resource nationalism’?

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Back in 2009, when China’s economy was expanding at about twice today’s pace, a little-known private firm made a quiet bet on uncharted territory: Indonesia. The company was on a quest: to secure nickel, a vital industrial metal used in stainless steel production and, increasingly, to power advanced batteries. That bet proved lucrative. By leveraging Indonesia’s vast nickel reserves – the world’s ...

Nvidia CEO Jensen Huang meets US officials as scrutiny grows over China chip access

Nvidia CEO Jensen Huang meets US officials as scrutiny grows over China chip access

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Nvidia chief executive Jensen Huang is meeting US officials and lawmakers in Washington this week amid reports that its export-controlled processors have been used to train advanced Chinese artificial intelligence models. Huang met with US Commerce Secretary Howard Lutnick on Tuesday, US outlet Axios reported, citing an anonymous source. Neither the US Commerce Department nor Nvidia confirmed that...

Prominent figures appeal for refugee protections as UN convention turns 75

Prominent figures appeal for refugee protections as UN convention turns 75

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Cate Blanchett, Angelina Jolie and Archbishop of Canterbury Sarah Mullally were among public figures who on Tuesday called for refugee protections to be upheld as the United Nations decried mounting pressure ‌on asylum systems. Legal safeguards for refugees are enshrined in the 1951 Refugee Convention, drafted in the aftermath of World War II, which displaced tens of millions of people. But while ...

Cate Blanchett and Angelina Jolie appeal for refugee protections as UN convention turns 75

Cate Blanchett and Angelina Jolie appeal for refugee protections as UN convention turns 75

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Cate Blanchett, Angelina Jolie and Archbishop of Canterbury Sarah Mullally were among public figures who on Tuesday called for refugee protections to be upheld as the United Nations decried mounting pressure ‌on asylum systems. Legal safeguards for refugees are enshrined in the 1951 Refugee Convention, drafted in the aftermath of World War II, which displaced tens of millions of people. But while ...

Salman Rushdie attacker declines to testify in US terror trial

Salman Rushdie attacker declines to testify in US terror trial

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The man on trial in the stabbing of Salman Rushdie chose on Tuesday not to testify or call any witnesses in the federal terrorism case, which is expected to head to the jury as soon as Wednesday. Hadi Matar’s lawyer told the court that the 28-year-old – who already has been convicted of state-level attempted murder charges – would not take the stand at his trial on charges that include engaging in...

Defendant in Salman Rushdie stabbing declines to testify in federal terrorism trial

Defendant in Salman Rushdie stabbing declines to testify in federal terrorism trial

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The man on trial in the stabbing of Salman Rushdie chose on Tuesday not to testify or call any witnesses in the federal terrorism case, which is expected to head to the jury as soon as Wednesday. Hadi Matar’s lawyer told the court that the 28-year-old – who already has been convicted of state-level attempted murder charges – would not take the stand at his trial on charges that include engaging in...

Keiko Fujimori sworn in as Peru’s president, vowing to stabilise nation

Keiko Fujimori sworn in as Peru’s president, vowing to stabilise nation

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Keiko Fujimori was sworn in as Peru’s president on Tuesday after winning the June presidential run-off by a margin of fewer than 50,000 votes, a victory that confirmed a regional shift in South America towards the conservative wing. With the ceremony, Fujimori, a four-time presidential candidate and leader of Peru’s largest political party, takes office as the country’s ninth president in a decade...

Keiko Fujimori sworn in as president of Peru following narrow election victory

Keiko Fujimori sworn in as president of Peru following narrow election victory

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Keiko Fujimori was sworn in as Peru’s ninth president in a decade at an official ceremony in Lima on Tuesday, Agence France-Presse journalists observed. The conservative 51-year-old won June’s run-off by fewer than 50,000 votes and will govern until 2031. Fujimori, the daughter of a former president jailed for human rights abuses, will become Peru’s ninth president in a decade. The 51-year-old is ...

Trump’s irritation over leak signals strains as Netanyahu visits White House

Trump’s irritation over leak signals strains as Netanyahu visits White House

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US President Donald Trump voiced ⁠irritation with Benjamin Netanyahu ahead of their White House meeting on Tuesday, complaining that details of the Israeli prime minister’s planned talking points on Iran had surfaced publicly, in a fresh sign of strain between the two leaders. Asked about reports that Netanyahu wanted to talk to him about Pickaxe Mountain, a fortified facility buried deep undergro...

Trump shows irritation with Netanyahu before White House talks on Iran

Trump shows irritation with Netanyahu before White House talks on Iran

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US President Donald Trump voiced ⁠irritation with Benjamin Netanyahu ahead of their White House meeting on Tuesday, complaining that details of the Israeli prime minister’s planned talking points on Iran had surfaced publicly, in a fresh sign of strain between the two leaders. Asked about reports that Netanyahu wanted to talk to him about Pickaxe Mountain, a fortified facility buried deep undergro...