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At least one company under Kazakhstan’s sovereign wealth fund will list on the Hong Kong stock exchange this year, the head of the city’s Trade Development Council has said. Council chairman Frederick Ma Si-hang on Tuesday also underscored the country’s huge potential, noting that Kazakhstan was seeking to privatise its state-owned companies and Hong Kong had emerged as the ideal location due to i...
Canada and Mexico on Tuesday called for a 16-year renewal of the North American free trade agreement with the United States, in hopes of binding the three countries to a pact that US President Donald Trump has openly questioned. The agreement is vital for Canada and Mexico, as the US is their main trading partner and the destination for 75 and 80 per cent of their exports, respectively. In a lette...
During mainland China’s recent May Day holiday, a 2,500-year-old sword went viral on Chinese social media – but not for the reason you might think. Lasting from May 1 to 5, the May Day holiday – also known as “Golden Week” – sees large numbers of domestic tourists flocking to popular travel destinations across China, including the Hubei Provincial Museum, which houses the famous Sword of Goujian. ...
China’s domestically made regional jet, the C909, has struggled to compete with market leaders Airbus and Boeing since it launched a decade ago. But there is one place where it is thriving: the far-western Chinese region of Xinjiang. Chinese airlines have rolled out C909s in Xinjiang at a rapid clip over the past few years. The first C909 touched down in the region as recently as June 2023. Now, t...
The US Justice Department on Tuesday dropped a contentious plan to create a US$1.8 billion compensation programme that critics had denounced as a “slush fund” for President Donald Trump’s political allies. “We are not moving forward with the fund,” Acting Attorney General Todd Blanche said during testimony before a House committee. The about-face is a setback for one of Trump’s most divisive secon...
Vanuatu had a clear goal at last month’s annual assembly of the World Health Organization in Geneva – securing new international aid for the Pacific island nation. “I’m here to lobby for support,” said Jenny Stephens, Vanuatu’s director of public health. “We are experiencing the global funding cuts – it’s affecting our programmes like malaria, TB and HIV. We’re already struggling.” Vanuatu’s healt...
They went to war together against Iran, but Donald Trump and Benjamin Netanyahu’s relationship is under strain after the US president reportedly called the Israeli premier “crazy”. Trump unleashed a profane tirade over the phone at Netanyahu over Israel’s threats to bomb the Lebanese capital Beirut, fearing it would undermine talks with Tehran, the Axios news outlet and ABC News reported. It under...
In a move that could rattle global grain markets, China and neighbouring Kazakhstan – Central Asia’s largest grain producer and a key Belt and Road Initiative partner – agreed last week to establish a joint grain-trading platform during talks in Astana. The two sides also discussed long-term supply contracts, logistics hubs, dry ports and technology cooperation in storage and processing. Although ...
Brazil has won wider access to the world’s biggest beef market after China recognised the entire country as free of foot-and-mouth disease, though a new quota will still cap prices. The decision was announced on Tuesday by China’s General Administration of Customs and the Ministry of Agriculture and Rural Affairs and was communicated during Brazilian Foreign Minister Mauro Vieira’s visit to Beijin...
US President Donald Trump signed a long-awaited executive order on artificial intelligence (AI) on Tuesday, which asked technology companies to voluntarily share advanced models before they are released, signalling a shift in the administration’s largely laissez-faire approach to the industry. The voluntary framework allows the government to vet powerful new AI systems up to 30 days before their p...
US Secretary of State Marco Rubio said “significant irritants” remained in the US-China relationship but that Washington and Beijing needed to keep talking to stop flashpoints from erupting. At a Senate Foreign Relations Committee hearing on Tuesday, Rubio said both countries – the world’s two largest economies and most powerful militaries – must communicate to “de-escalate potential points of con...
US President Donald Trump will attend the rescheduled White House Correspondents’ Association dinner on July 24, he confirmed in a social media post on Tuesday, after the annual event was postponed following a shooting. The black-tie gathering of journalists and politicians in Washington was postponed after a suspect stormed a security checkpoint and fired a shotgun outside the event on April 2...
The White House Correspondents’ Association will hold another dinner on July 24, three months after its annual gala was postponed due to a shooting incident at the venue. The black-tie gathering of journalists and government officials was halted on April 25 when a gunman stormed a security checkpoint just outside the ballroom where guests including US President Donald Trump and members of his cabi...
There is an 80 per cent chance of the warming El Nino phenomenon developing between June and August, increasing the risk of extreme weather events, the World Meteorological Organization said on Tuesday. “Fuelled by unusually warm ocean waters in the tropical Pacific, El Nino conditions are developing and are set to influence global temperature and rainfall patterns,” the United Nations’ WMO weathe...
There is an 80 per cent chance of the warming El Nino phenomenon developing between June and August, increasing the risk of extreme weather events, the World Meteorological Organization said on Tuesday. “Fuelled by unusually warm ocean waters in the tropical Pacific, El Nino conditions are developing and are set to influence global temperature and rainfall patterns,” the United Nations’ WMO weathe...
US President Donald Trump has named federal housing regulator Bill Pulte as acting director of national intelligence, entrusting oversight of America’s intelligence agencies to a close political ally whose career has been rooted in housing finance rather than national security. Trump announced the appointment on Tuesday, saying Pulte would replace Tulsi Gabbard, who stepped down last month after c...
Hong Kong authorities have vowed to develop a long-term road map for the city’s struggling self-financing postal operator and keep an “open-mind” on all options, including privatisation or turning it into a traditional department. Acting Secretary for Commerce and Economic Development Bernard Chan Pak-li revealed the move at the Legislative Council’s economic development panel meeting on Tuesday, ...
The Trump administration has proposed a new punitive tariff of 25 per cent on many imports from Brazil, after deciding its practices were unfair on a range of issues from digital trade to illegal deforestation, top trade official Jamieson Greer said late on Monday. The measures, under the Section 301 trade statute, cover areas such as electronic payment services, preferential tariffs, intellectual...
The measles outbreak in Bangladesh is one of its deadliest health crises in decades, as experts warned that the lack of measures to increase vaccinations and enhance immunisation across the country could lead to a further spike in cases. There were over 60,000 suspected cases of measles, and nearly 600 people have died from the disease since mid-March, according to media reports. The outbreak has ...
Chinese researchers have developed an environmentally friendly method to extract caesium from brine, a process they say could boost China’s supply of the strategic resource. Caesium, a rare metal, is a critical strategic resource used in satellite atomic clocks, missile thermal imaging sensors and advanced speciality glass. China and the United States are the top consumers of caesium, yet both rel...
We have selected seven of the most interesting and important news stories covering global relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Brussels agrees on tougher China trade policy, as Beijing vows retaliation The European Commission agreed on a tough new approach to trade relations with China in May, at a rare Beijing-focused ...
We have selected seven of the most interesting and important news stories covering Latin American relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. US casts Cuba as China-linked security threat while still pushing for talks One day after the United States brought criminal charges against former Cuban leader Raul Castro over the 1996...
The Hong Kong Tourism Board will launch a 13-day summer campaign featuring citywide discounts and events to mark the 50th anniversary of the international dragon boat races at the Tsim Sha Tsui waterfront, in a bid to attract more overnight visitors. To welcome the summer travel season, the board announced on Tuesday that its “Hong Kong Summer Fun” campaign would open with the Sun Life Hong Kong I...
The Hong Kong Tourism Board will launch a 13-day summer campaign featuring citywide discounts and events to mark the 50th anniversary of the international dragon boat races at the Tsim Sha Tsui waterfront, in a bid to attract more overnight visitors. To welcome the summer travel season, the board announced on Tuesday that its “Hong Kong Summer Fun” campaign would open with the Sun Life Hong Kong I...
China and Britain have pledged to enhance high-level exchanges and deepen cooperation amid a turbulent global landscape, following a meeting of their top diplomats in Beijing. Chinese Foreign Minister Wang Yi told visiting British Foreign Secretary Yvette Cooper on Tuesday that their countries needed to further communicate and align their positions. “We need to … anchor ourselves to the positionin...
Tiger Brokers reported a 17.5 per cent year-on-year jump in first-quarter operating profit in an announcement on Tuesday, without any mention of the looming punishment from China’s securities regulator over alleged unlicensed cross-border trading services. Tiger Brokers said its operating profit rose to US$47.6 million in the three months ended March 31, while revenue climbed 26.3 per cent from a ...
The Lands Tribunal has dismissed a government-appointed administrator’s request to postpone an extraordinary general meeting of owners at Hong Kong’s fire-ravaged Wang Fuk Court, ruling it lacks the authority to do so. Presiding officer Gary Lam Chin-ching on Tuesday urged Hop On Management Company to convene the meeting immediately so it could be held on June 13, in line with the requirements of ...
A surge in gang-related shootings and bombings over the last decade, dozens of which were carried out by minors, has set Sweden apart from its European peers and left authorities an urgent problem: what to do with children who kill. The government, in power since 2022 and heading into a tight election in September where crime is a key issue, says the softly-softly approach of the past has failed a...
Places well-endowed with natural resources don’t usually become great powers or world-conquering empires. If anything, many suffer from the “resource curse”, which corrupts the domestic elite and invites foreign intervention, exploitation or outright colonisation. Like people, communities or nations that have fought to overcome adversity and disadvantages often become the most successful. Challeng...
If South Korea and Japan sign a military logistics support agreement, their ties with the US would deepen as they act in concert to deter China and North Korea, analysts said. However, they noted that several “hurdles” must be cleared before the deal could be sealed, including domestic opposition in South Korea to expanding security ties with Japan due to concerns it could sour relations with Chin...
