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China’s leading semiconductor foundries, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, expect their second-quarter sales to rise amid a dynamic global market defined by surging artificial intelligence demand and a memory supply crunch, while Hua Hong said it hopes this week’s Xi-Trump meetings could help relax US export controls. SMIC expected its second-...
Handshakes, taps on the arm, and frequent asides marked the much-awaited meeting between Xi Jinping and Donald Trump on Thursday morning, as the two presidents projected a close rapport during the first full day of Trump’s visit to China. Attention was focused not only on the substance of the high-stakes talks, but also on the personal dynamics between the US and Chinese heads of state – a relatio...
The average waiting time for long and short-term general applicants for subsidised public rental housing in Hong Kong had fallen to 4.7 years as of March, authorities said, marking the first time it has dropped below five years under the current administration. Despite the decrease in the “composite figure”, which included light public flats, the average waiting time for a standard public rental h...
A Philippine senator wanted by the International Criminal Court for an alleged crime against humanity has fled from the Senate, where he sought refuge to evade arrest, officials said on Thursday. Senator Ronald dela Rosa’s exit from the heavily guarded Senate came after volleys of gunshots were fired on Wednesday night by the building’s security personnel during an argument with a government agent...
A Ford Motor electric vehicle (EV) battery plant in the US state of Michigan, edging closer to inauguration, has shed light on global marques’ reliance on Chinese technologies to accelerate their EV transition amid US President Donald Trump’s state visit to Beijing. With trade and investment among the top issues on the agenda for the summit between Trump and President Xi Jinping, the US$3 billion ...
As the US delegation met with their Chinese counterparts in Beijing, some hugely important topics were on the agenda. However, US Secretary of State Marco Rubio also found the time to admire the meeting room’s interior design. Footage of Rubio checking out the ceiling of one of the grand reception rooms in which President Xi Jinping hosted his US counterpart Donald Trump on Thursday went viral onl...
Popular weight-loss injections have the potential to help patients recover from severe strokes when used alongside a surgical procedure to remove blood clots in the brain, scientists at the Chinese University of Hong Kong (CUHK) have said. The scientists said on Thursday that administering a GLP-1 injection before and after a thrombectomy, a blood clot removal procedure, could have neuroprotective...
Ukrainian President Volodymyr Zelensky’s former right-hand man was taken into custody on Thursday on money-laundering charges, part of a fight against corruption that is fuelling wartime political tensions. Investigators on Monday had named Andriy Yermak as an official suspect in a sprawling, multi-episode case that has gripped Ukraine for months and stoked anger among a war-battered population a...
“Large Boeing orders” appear to be coming, US Secretary of the Treasury Scott Bessent told CNBC on Thursday, adding that China and the US will discuss establishing a new joint board of trade to manage commercial ties. More to follow ...
Alibaba Group Holding and Tencent Holdings are doubling down on a massive artificial intelligence spending spree, betting that a new wave of Chinese-made chips will break the supply bottlenecks stifling their ambitions. While both Chinese tech giants saw revenues trail expectations this quarter, they pledged an aggressive acceleration in capital expenditure, as home-grown silicon from Huawei Techn...
Alibaba Group Holding and Tencent Holdings are doubling down on a massive artificial intelligence spending spree, betting that a new wave of Chinese-made chips will break the supply bottlenecks stifling their ambitions. While both Chinese tech giants saw revenues trail expectations this quarter, they pledged an aggressive acceleration in capital expenditure, as home-grown silicon from Huawei Techn...
Alibaba Group Holding and Tencent Holdings are doubling down on a massive artificial intelligence spending spree, betting that a new wave of Chinese-made chips will break the supply bottlenecks stifling their ambitions. While both Chinese tech giants saw revenues trail expectations this quarter, they pledged an aggressive acceleration in capital expenditure, as home-grown silicon from Huawei Techn...
A proposed airport on a former US naval base in the Philippines near the entrance to Manila Bay is drawing fresh strategic attention after Washington agreed to fund a feasibility study, a move analysts say fits into US efforts to strengthen logistics, access and interoperability with the country in the South China Sea. Experts said the proposed Sangley Point International Airport in Cavite could b...
Getting a proper sleep has been a problem for people throughout history and the ancient Chinese set up some rules and methods that are still believed to be effective today. In Chinese culture, sleep time is believed to be an important period for the body to absorb and restore energy. Ancient people were meticulous about the number of hours’ sleep they got and in what position they did so. For exam...
The United States’ first firing of its Philippines-based Typhon missile launcher last week marked the “worst provocation” in years in the South China Sea and Beijing should ramp up air defence and stealth strike drones in response, according to Chinese military observers. Beijing has opposed the Typhon deployment since the Lockheed Martin system arrived at its Luzon base in the Philippines two yea...
Russia unleashed the largest aerial attack on Ukraine over a two-day period since the war began, pounding the capital Kyiv and other cities across the country with hundreds of drones, Ukrainian officials said on Thursday. President Volodymyr Zelensky said that Russia had launched more than 1,560 drones since the start of Wednesday. Overnight on Thursday, Moscow fired more than 670 attack drones a...
Xi Jinping and Donald Trump struck an optimistic tone at the start of their two-day presidential summit in Beijing, even as the Chinese leader highlighted risks surrounding Taiwan. Pre-summit trade talks “produced generally balanced and positive outcomes”, Xi told the US president at the Great Hall of the People in Beijing on Thursday, according to Xinhua. “This is good news for the people of the ...
Samsung Electronics’ biggest labour union is threatening to strike at the height of the global AI chip boom, turning a fight over bonuses into a test of how the industry’s windfall profits should be shared and sparking fears of an economic slowdown in South Korea. The union has warned it will stage an 18-day walkout from May 21 to June 7, raising concerns about production disruptions, customer def...
A stray Falcon 9 rocket part is on course to slam into the moon in August. The expected impact poses no immediate danger, experts say, but warn that it highlights a critical lack of rules for managing debris as lunar activity by the US, China and private companies ramps up. Measuring 13.8 metres (45 feet) long and 3.7 metres wide, the SpaceX Falcon 9 rocket’s upper stage has been drifting through ...
Former prime minister Mahathir Mohamad, known for his unyielding stance, has maintained that he was undaunted by public sentiment throughout his decades-long career, even if his pursuit of Malaysia’s welfare earned him the label of “dictator”. From his ascent to the country’s top political post to his tumultuous relationship with protege turned critic and now Prime Minister Anwar Ibrahim, Mahathir...
A Hong Kong court has ordered the freezing of properties and assets worth more than HK$9 billion (US$1.15 billion) held by detained Chinese-born Cambodian businessman Chen Zhi and companies and individuals tied to him, the South China Morning Post has learned. A source told the SCMP on Thursday that the High Court had ordered a restriction on such properties earlier this month following an applica...
A Hong Kong court has ordered the freezing of properties and assets worth more than HK$9 billion (US$1.15 billion) held by detained Chinese-born Cambodian businessman Chen Zhi and his associated companies and individuals, the South China Morning Post has learned. A source told the SCMP on Thursday that the High Court had ordered a restriction on such properties earlier this month following an appl...
Hong Kong police have arrested three men and seized more than half a tonne of suspected cannabis buds worth about HK$100 million (US$12.77 million), making their third-largest seizure of the drug since 2020. Chief Inspector Lam Pak-kiu of the narcotics bureau said on Thursday that officers conducted an ambush in the early hours on Wednesday at a beach along Tai Mong Tsai Road in Sai Kung acting on...
Hong Kong police have brought more defendants to court from the city’s first arrests over alleged illegal drills, charging three men with conspiracy to subvert state power. Wong Kit-lun, 20, Tang Ngai-pok, 23, and Chan Hiu-chun, 23, appeared at West Kowloon Court on Thursday after each being charged with count of conspiracy to commit subversion under the Beijing-imposed national security law. Wong...
Hong Kong police have brought more defendants to court from the city’s first arrests over alleged illegal drills under its domestic national security law, charging three men with conspiracy to subvert state power. Wong Kit-lun, 20, Tang Ngai-pok, 23, and Chan Hiu-chun, 23, appeared at West Kowloon Magistrate’s Court on Thursday, each facing one count of conspiracy to subvert state power. Wong rece...
Hong Kong police have brought more defendants to court from the city’s first arrests over alleged illegal drills under its domestic national security law, charging three men with conspiracy to subvert state power. Wong Kit-lun, 20, Tang Ngai-pok, 23, and Chan Hiu-chun, 23, appeared at West Kowloon Magistrate’s Court on Thursday, each facing one count of conspiracy to subvert state power. Wong rece...
Hong Kong police have brought more defendants to court from the city’s first arrests over alleged illegal drills under its domestic national security law, charging three men with conspiracy to subvert state power. Wong Kit-lun, 20, Tang Ngai-pok, 23, and Chan Hiu-chun, 23, appeared at West Kowloon Magistrate’s Court on Thursday, each facing one count of conspiracy to subvert state power. Wong rece...
Hong Kong’s latest quarterly figures look better than many observers expected. Despite the disruption caused by the war in the Middle East and an unsettled global backdrop, growth has been steady, markets have remained buoyant and visitors have been returning. On the surface, the numbers point to a resilient economy despite heightened global geopolitical tensions and elevated risk. Yet in conversa...
US President Donald Trump’s second son Eric, who oversees the family business empire, is among the US entourage for the state visit to China. Eric and his wife Lara followed the US president down the steps from Air Force One on arrival in Beijing on Wednesday night. The executive vice-president of his father’s businesses, Eric oversees investments in areas including real estate and golf. More rece...
Hong Kong flag carrier Cathay Pacific Airways will move forward its boarding gate closure times by five minutes and will start boarding passengers five minutes earlier to help ensure on-time departures. The airline said on Thursday that, from June 1, its boarding gates at Hong Kong International Airport would close 15 minutes before departure. The carrier will also boarding time will also be broug...
