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Why the world needs China to save more, not less
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Why the world needs China to save more, not less

The G7 economists’ memo from March and the IMF’s April report on global imbalances arrived at the same prescription: China’s current account surplus is excessive and should be cut by boosting consumption. The diagnosis is wrong. The world economy, especially emerging markets and developing economies, benefits from China’s high saving. A current account surplus is the excess of national saving over...

Hong Kong taxi driver arrested after crash kills woman, badly injures another
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Hong Kong taxi driver arrested after crash kills woman, badly injures another

Hong Kong police have arrested a 70-year-old taxi driver after he lost control of his cab and drove onto a pavement in Ngau Tau Kok, killing a woman and badly injuring another. A police spokesman said on Wednesday evening that the driver was arrested for dangerous driving causing death and detained for inquiry. The force earlier said the cabbie and his two passengers were also hurt when the taxi v...

Woman dies, another badly injured as Hong Kong taxi crashes into walkway
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Woman dies, another badly injured as Hong Kong taxi crashes into walkway

A woman was killed and another badly injured after a 70-year-old Hong Kong taxi driver lost control of his vehicle and drove onto a pavement in Ngau Tau Kok on Wednesday, police said. The driver and his two passengers were also hurt. Police said the taxi veered onto a pedestrian walkway at about 1.50pm on Choi Ha Road near Chun Wah Road before crashing into a concrete flower planter in a nearby si...

Woman dies, another unconscious as taxi driven by man in 70s crashes into planter
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Woman dies, another unconscious as taxi driven by man in 70s crashes into planter

A woman was killed and another left unconscious after a Hong Kong taxi driver in his seventies lost control of his vehicle and drove onto a pavement in Ngau Tau Kok on Wednesday, police said. The driver and his two passengers were also hurt. Police said the taxi veered onto a pedestrian walkway at about 1.50pm on Choi Ha Road near Chun Wah Road before crashing into a concrete planter in a nearby s...

Who could replace Starmer as UK prime minister?

Who could replace Starmer as UK prime minister?

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British Prime Minister Keir Starmer is under pressure to resign after more than 80 lawmakers in his Labour Party said he was not the right person to lead the country and win the ⁠next national election. He has vowed to stay on as no formal ⁠leadership challenge has yet been triggered. If Labour were to choose a new leader, here is ⁠a list of those in the frame to replace Starmer: Wes Streeting, 43...

Chinese brands eye Europe; Geely joins Chery and BYD in profit slide: 7 EV reads

Chinese brands eye Europe; Geely joins Chery and BYD in profit slide: 7 EV reads

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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. From Beijing to Berlin: Chinese EVs turn heads as brands eye European markets For German consumer Erik Böhme, a first visit to the Beijing auto show was an eye-opener – the world’s large...

South Korea adds ‘extreme heat emergency’ to first major alert update in 18 years

South Korea adds ‘extreme heat emergency’ to first major alert update in 18 years

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For decades, the arrival of summer in South Korea was heralded by the rhythmic hum of cicadas and the predictable onset of monsoon season. But as climate change rewrites the country’s seasonal script, the government is bracing for a new reality. On Wednesday, the Korea Meteorological Administration announced a sweeping overhaul of its national weather warning system, the first major restructuring ...

3 arrested over links to money laundering, untaxed cigarettes syndicate

3 arrested over links to money laundering, untaxed cigarettes syndicate

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Hong Kong customs officers have arrested three people in a months-long operation against a money laundering and illicit goods syndicate that led to the discovery of about 2.2 million untaxed cigarettes and HK$11.3 million (US$1.4 million) in alleged criminal proceeds. The Customs and Excise Department said on Wednesday that officers raided five residential flats a day earlier, arresting two men, a...

3 arrested after HK$11.3 million in suspected illicit proceeds and cigarettes seized

3 arrested after HK$11.3 million in suspected illicit proceeds and cigarettes seized

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Hong Kong customs has arrested three members of a local syndicate suspected of selling illicit cigarettes and laundering money, seizing about 2.2 million untaxed products and alleged criminal proceeds of HK$11.3 million (US$1.4 million). The Customs and Excise Department said on Wednesday that officers raided five residential flats a day earlier, arresting two men aged 31 and 37, and a 35-year-old...

Hong Kong customs arrests 3 over illicit cigarettes seizure, HK$11.3m in proceeds

Hong Kong customs arrests 3 over illicit cigarettes seizure, HK$11.3m in proceeds

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Hong Kong customs has arrested three members of a local syndicate suspected of selling illicit cigarettes and laundering money, seizing about 2.2 million untaxed products and alleged criminal proceeds of HK$11.3 million. The Customs and Excise Department said on Wednesday that officers raided five residential flats a day earlier, arresting two men aged 31 and 37, and a 35-year-old woman on suspici...

US and China in ‘unprecedented’ cooperation against scam centres in Dubai

US and China in ‘unprecedented’ cooperation against scam centres in Dubai

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The FBI and Chinese police have taken part in a joint operation targeting scam networks in Dubai, in a rare show of cooperation ahead of US President Donald Trump’s visit to China. Dubai Police – which led the operation dubbed Tri-Force Sentinel – said at least nine scam hubs were dismantled and 276 suspects arrested, most of them from Southeast Asia. “The operation delivered a decisive strike aga...

Singapore’s Lawrence Wong urges global push for upholding international sea laws

Singapore’s Lawrence Wong urges global push for upholding international sea laws

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Singapore will be directly hit by weakened principles in international sea laws as the city state depends on open and secure waterways to maintain its status as a trade hub, Prime Minister Lawrence Wong has warned. He urged cooperation among like-minded countries to uphold and strengthen the framework of international legislation. “As a trading nation, Singapore depends on open and secure sea lane...

South Korea signals ‘phased’ support for US-led Hormuz mission after ship attack

South Korea signals ‘phased’ support for US-led Hormuz mission after ship attack

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South Korea was reviewing a phased contribution to efforts to ensure safe navigation through the Strait of Hormuz, Defence Minister Ahn Gyu-back said on Wednesday, signalling support steps short of military participation. Ahn told a press conference with South Korean reporters in Washington that he had conveyed Seoul’s position at a meeting with US Secretary of Defence Pete Hegseth on Monday. “We ...

Philippines’ Asean maritime hub pitch meets ‘big red elephant’ South China Sea realities

Philippines’ Asean maritime hub pitch meets ‘big red elephant’ South China Sea realities

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A proposal unveiled by Philippine President Ferdinand Marcos Jnr for a new Southeast Asian maritime centre has raised questions about its most glaring obstacle: Manila’s long-standing South China Sea dispute with Beijing. Analysts warn such a centre would not only have to avoid appearance of being an instrument of Philippine interests in disputed waters, but also risks simply duplicating the work ...

Delivery pains hamper Bangladesh’s family planning efforts

Delivery pains hamper Bangladesh’s family planning efforts

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Bangladesh’s once-praised family planning system is buckling under severe contraceptive shortages, raising fears of a rise in unplanned pregnancies in one of the world’s most densely populated countries. For decades, the South Asian nation was hailed as a success for slashing birth rates through an expansive state-backed family planning programme that sent field workers door to door with pills, co...

China sends embryos into orbit to find out if humans can have babies in space

China sends embryos into orbit to find out if humans can have babies in space

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China has sent artificial embryos to its space station to study whether humans could reproduce in zero gravity. The experiment was reported on Tuesday by state broadcaster CCTV. Project leader Yu Leqian said the main goal was to study the impact of gravity – and its absence – on early development, in preparation for eventual human settlement off Earth. Once the impact of the force on embryos was u...

China farmer suffers stroke while selling 4,000kg of apples; hospital staff clear stock in 19 hours

China farmer suffers stroke while selling 4,000kg of apples; hospital staff clear stock in 19 hours

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Two small counties in China have put in place reciprocal arrangements for their residents to visit tourist spots following a moving story involving people in one place buying the apples of a sick farmer from the other. The story began on May 2 when Ji Yaozhong, a farmer from Yangxian county of northwestern Shaanxi province, drove a truck carrying 4,000kg of apples to sell in Xianfeng county in Hub...

French president’s onstage outburst in Kenya overshadows Africa bid

French president’s onstage outburst in Kenya overshadows Africa bid

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French President Emmanuel Macron is facing backlash after he interrupted a panel at the Africa Forward Summit in Kenya to demand silence from the audience. Macron stormed the stage to rebuke audience members for what he called a “total lack of respect”, accusing them of disrupting speakers during a presentation by artists and young entrepreneurs. He had earlier described himself as a “Pan-Africani...

Guy Bradley takes helm as Cathay chairman, Patrick Healy retires after 3 decades

Guy Bradley takes helm as Cathay chairman, Patrick Healy retires after 3 decades

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Guy Bradley has assumed the role of chairman of Hong Kong flag carrier Cathay Pacific Airways and Swire Coca-Cola, succeeding Patrick Healy, who will retire from the group after more than three decades of service. Bradley, 60, is also chairman of Swire Pacific, John Swire & Sons (H.K.) and Swire Properties. He was appointed chairman of the conglomerate’s airline and bottling operations last Decemb...

Headwinds ahead for India’s travel sector after Modi calls for foreign holiday restraint

Headwinds ahead for India’s travel sector after Modi calls for foreign holiday restraint

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India’s travel industry fears that an appeal by Prime Minister Narendra Modi to avoid unnecessary foreign travel will squeeze new bookings after inflationary pressure knocked down summer overseas inquiries by as much as 15 per cent, industry and analysts say. The pullback is set to hit the peak season for outbound tourism, when affluent families ‌seek cooler locations in Europe and Australia, duri...

Canvas reaches deal with hackers to return data, including Hong Kong users

Canvas reaches deal with hackers to return data, including Hong Kong users

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Canvas, the education platform hit by a global data breach affecting 72,571 Hongkongers, has reached an agreement with the hackers to return all compromised data. Instructure, the parent company of Canvas, has said it would hold a webinar for its leadership on Wednesday to provide details of the attack and discuss measures to “harden the system”. The breach, which has been unfolding since last Thu...

Argentine city tries to shrug off hantavirus ship ‘patient zero’ suspicions

Argentine city tries to shrug off hantavirus ship ‘patient zero’ suspicions

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Argentina’s city “at the end of the world” Ushuaia, the jump-off point for expeditions to the Antarctic, has been labouring under suspicion of being the source of the deadly hantavirus outbreak that killed three cruise ship passengers. The MV Hondius set sail from this spectacular Patagonian port, sandwiched between snow-capped mountains and the South Atlantic, on April 1. Five days later, a Dutch...

Who is Abdul Halim Aman, Malaysia’s new anti-corruption enforcer?

Who is Abdul Halim Aman, Malaysia’s new anti-corruption enforcer?

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Malaysia’s anti-corruption agency got a new chief on Wednesday with the arrival of Abdul Halim Aman, a former High Court judge handed the task of steadying an institution that has spent years chasing political heavyweights while struggling to shake questions over its own independence. The 69-year-old took over as chief commissioner of the Malaysian Anti-Corruption Commission (MACC) after Azam Baki...

‘Heavy’ hearts as residents of Wang Fuk Court’s only spared block return again

‘Heavy’ hearts as residents of Wang Fuk Court’s only spared block return again

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Residents of the only block left largely unscathed in Hong Kong’s Tai Po fire have brought large suitcases, trolleys and cardboard boxes as they return home for a second time to collect their belongings. Homeowners on Wednesday also said they felt they had played a passive role and still had many questions about the government’s voluntary buy-back scheme for their flats after the November 26 fire ...

Chinese company that tracked US bombers over Iran wears sanctions with pride

Chinese company that tracked US bombers over Iran wears sanctions with pride

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Chinese satellite imagery firm MizarVision, which rose to fame with its analysis of American military deployments in the US-Israel war on Iran, is treating its addition to the US sanctions list as a badge of honour in its hiring campaign. The open-source intelligence (OSINT) start-up, formally known as Meentropy Technology Hangzhou Co Ltd, specialises in analysing data from commercial satellites a...

Hong Kong halves tunnel tolls for commercial vehicles amid surging fuel prices

Hong Kong halves tunnel tolls for commercial vehicles amid surging fuel prices

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Hong Kong will halve tolls for all commercial vehicles using public tunnels for two months from Sunday, in the government’s latest effort to ease business costs amid surging fuel prices driven by the war in the Middle East. Buses, goods vehicles, light buses and taxis registered with the Transport Department will benefit from the measure, while private cars and motorcycles are excluded, according ...

Cosmic order, political authority: the messaging in temple setting for Trump’s China visit

Cosmic order, political authority: the messaging in temple setting for Trump’s China visit

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From Obama’s evening chats on Yingtai island in the grounds of Zhongnanhai to Trump’s tea reception in the Forbidden City, historic settings have long formed a symbolic backdrop to key moments in US-China diplomacy. As Trump prepares for his visit to China from Wednesday to Friday – the first by an American president in almost nine years – all eyes will not only be on the summit agenda, but also o...

Temple setting for Trump’s China visit symbolises cosmic order and political authority

Temple setting for Trump’s China visit symbolises cosmic order and political authority

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From Obama’s evening chats on Yingtai island in the grounds of Zhongnanhai to Trump’s tea reception in the Forbidden City, historic settings have long formed a symbolic backdrop to key moments in US-China diplomacy. As Trump prepares for his visit to China from Wednesday to Friday – the first by an American president in almost nine years – all eyes will not only be on the summit agenda, but also o...

Israel strikes Lebanon as 380 reported killed since April 17 ceasefire

Israel strikes Lebanon as 380 reported killed since April 17 ceasefire

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Israel hammered south Lebanon with strikes on Tuesday ahead of talks between the two countries in Washington, as Beirut reported 380 people killed in Israeli attacks since an April 17 ceasefire took effect. Hezbollah chief Naim Qassem vowed to turn the battlefield into “hell” for Israeli forces, and insisted his Iran-backed group’s weapons would not be up for discussion at the talks on Thursday an...