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Default in our stars: China’s banks use satellites to track assets with sky-high scrutiny
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Default in our stars: China’s banks use satellites to track assets with sky-high scrutiny

With bad loans and repayment collateral in focus, Chinese banks are increasingly using satellites to evaluate their clients’ terrestrial assets, mounting a hi-tech offensive to safeguard against rising credit risks. China Merchants Bank and Shanghai Pudong Development Bank started making use of satellites this year, following a 2022 launch by Ping An Bank and a 2020 move into satellite remote-sens...

Japanese military seeks answers for fatal Type 10 tank blast that should not have happened
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Japanese military seeks answers for fatal Type 10 tank blast that should not have happened

A turret explosion that killed three Japanese crew members inside a Type 10 tank during manoeuvres earlier this week has caused shock and confusion in military circles. Japan’s defence ministry and experts concur that a round detonating inside a tank turret is virtually unheard of and the cause of the accident will need to be traced before the Ground Self-Defence Force’s (GSDF) newest and most adv...

China’s AI token drive is really about upgrading inland economies
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China’s AI token drive is really about upgrading inland economies

The idea of a token economy is gaining traction. The concept is still nascent, loosely defined and easy to dismiss as just another piece of artificial intelligence jargon. It is no surprise Chinese policymakers are quick to jump on the bandwagon. But in the Chinese context, there is a more concrete policy logic that deserves attention. It reflects an emerging attempt to reframe how energy, infrast...

Russia accuses US of using coups, kidnappings to ‘defend its well-being’ at any cost
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Russia accuses US of using coups, kidnappings to ‘defend its well-being’ at any cost

Russian Foreign Minister Sergey Lavrov accused the United States of ⁠abandoning internationally recognised diplomatic ⁠conventions in pursuit of its ⁠own interests, particularly in dominating energy markets, in an interview broadcast on Friday. Lavrov, interviewed by Russian state television, said Washington, in its dealings with Latin America and the Middle East, was “taking us back to a world wh...

Wang Fuk Court residents make long climb to retrieve family treasures, bid farewell

Wang Fuk Court residents make long climb to retrieve family treasures, bid farewell

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Hon Wing, 77, and his family climbed 19 floors to their fire-ravaged flat in Hong Kong’s Wang Fuk Court housing estate on Tuesday but left almost empty-handed after a two-hour search for valuables. Hon, a retired part-time taxi driver, had hoped to find a bag of change he kept during his work shifts, but “nothing much was there” in his charred flat in Wang Sun House. His daughter Ice Hon wanted to...

Why China will see India’s latest defence deal with South Korea as ‘inevitably sensitive’

Why China will see India’s latest defence deal with South Korea as ‘inevitably sensitive’

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China would see India’s attempt to expand defence industry cooperation with South Korea in artillery and anti-aircraft guns as “inevitably sensitive” given Beijing’s border dispute with New Delhi in the Himalayas, according to analysts. After meeting with Indian Prime Minister Narendra Modi on Monday as part of his three-day visit to India, South Korean President Lee Jae Myung announced that Seoul...

China’s ‘most pampered child’ interred in palace-like coffin with treasures 1,400 years ago

China’s ‘most pampered child’ interred in palace-like coffin with treasures 1,400 years ago

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Some 1,400 years ago, a young girl, celebrated as China’s “most pampered child,” was laid to rest in a palace-like stone coffin, surrounded by her grandmother’s affection and a wealth of treasures. Li Jingxun, an aristocrat from the Sui dynasty (581–618), also known as “Little Girl,” hailed from Longxi, located in what is now northwest China’s Gansu province. Her story unfolded during a tumultuous...

WHO approves first malaria treatment for babies

WHO approves first malaria treatment for babies

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The World Health Organization announced on Friday that it had given prequalification approval to a malaria treatment for newborns and infants for the first time. Artemether-lumefantrine is the first antimalarial formulation designed specifically for the youngest victims of the mosquito-borne disease. “The prequalification designation indicates that the medicine meets international standards of qua...

Mixed bag: Indonesia’s 8% growth dream hits a plastic ceiling

Mixed bag: Indonesia’s 8% growth dream hits a plastic ceiling

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The plastic bag is an unlikely symbol of economic frailty. But in Indonesia, the soaring cost of that humble everyday item is raising uncomfortable questions about the country’s future growth prospects. At a market in Depok, south of Jakarta, the plastic bags Budi needs to sell his chicken have nearly doubled in price. “Plastic is really expensive right now,” he said in an interview on April 17. “...

As DJI duels Insta360, China sharpens global hardware edge amid US scrutiny

As DJI duels Insta360, China sharpens global hardware edge amid US scrutiny

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In the southern tech hub of Shenzhen, a simmering rivalry between DJI and Insta360 has transformed their shared neighbourhood into a high-stakes corporate battleground. Both companies have long been hailed as the city’s poster children for Chinese innovation. DJI dominated the skies as the world’s undisputed leader in consumer drones, and Insta360 captured the niche market of panoramic cameras. No...

Kuomintang gets the carrots, DPP the stick

Kuomintang gets the carrots, DPP the stick

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Another day, another big humiliation for William Lai Ching-te. The Taiwanese leader effectively had to cancel a visit to eSwatini, the island’s last partner in Africa, for the celebrations of the 40th anniversary of King Mswati III’s accession to the throne and his 58th birthday. Taiwan said the visit was “postponed” after the Seychelles, Mauritius and Madagascar cancelled their previously approve...

OpenAI’s Sam Altman apologises to Canada town for not reporting mass shooter

OpenAI’s Sam Altman apologises to Canada town for not reporting mass shooter

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OpenAI’s CEO Sam Altman has apologised to a Canadian town devastated by a February mass shooting, saying he was “deeply sorry” the company did not tell police about the killer’s troubling ChatGPT account. OpenAI had banned an account linked to Jesse Van Rootselaar in June 2025, eight months before the 18-year-old woman killed eight people at her home and a school in the tiny British Columbia minin...

G7 ‘concerned’ at Russia and China’s nuclear build-up

G7 ‘concerned’ at Russia and China’s nuclear build-up

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G7 countries on Friday insisted on their support for the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), warning of the dangers from a Russian and Chinese build-up. “We are concerned with China’s and Russia’s significant nuclear weapons build-up and modernisation,” the G7 Non-proliferation Directors Group said in a statement published on the French foreign ministry website. The group bri...

US sanctions China-based oil refinery and 40 shippers over Iran oil

US sanctions China-based oil refinery and 40 shippers over Iran oil

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The Trump administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil. The move, announced on Friday, makes good on the Trump administration’s threat to impose secondary sanctions on companies and countries that do business with Iran. It is also part of the Republican administration’s overall ra...

Trump Justice Department adds firing squads for federal executions

Trump Justice Department adds firing squads for federal executions

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The Trump Justice Department said on Friday it was seeking to expand the use of the death penalty in federal capital cases and add the firing squad, electrocution and gas to lethal injection as methods of execution. “The prior administration failed in its duty to protect the American people by refusing to pursue and carry out the ultimate punishment against the most dangerous criminals, including ...

US and EU sign critical minerals plan in push to loosen China’s grip on key materials

US and EU sign critical minerals plan in push to loosen China’s grip on key materials

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The US and the European Union on Friday deepened their coordination on critical minerals as part of a broader push by Western allies to loosen China’s grip on materials crucial to advanced manufacturing. US Secretary of State Marco Rubio and European Union Trade Commissioner Maros Sefcovic signed a memorandum of understanding for a ‌partnership on producing and securing critical minerals. Rubio di...

Germany’s Merz says no ‘immediate’ Ukraine EU membership, floats Kyiv joining meetings

Germany’s Merz says no ‘immediate’ Ukraine EU membership, floats Kyiv joining meetings

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German Chancellor Friedrich Merz said on Friday there was no prospect of Ukraine’s “immediate accession” to the EU, but suggested Kyiv could join meetings of the bloc’s members without voting rights. Ukraine is pushing to speed up its bid to join the 27-nation European Union as it fights Russia’s invasion on the battlefield. Kyiv’s progress has been blocked by Hungary’s nationalist premier Viktor ...

UK bill to allow assisted dying fails as parliamentary time runs out

UK bill to allow assisted dying fails as parliamentary time runs out

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A proposed bill to allow terminally ill adults in England and Wales to choose to end their lives failed on Friday as parliamentary time ran out, nearly a year since elected members of parliaments gave their backing. Though the Terminally Ill Adults (End of Life) Bill was passed by the House of Commons last June, the UK’s revising chamber, the House of Lords, effectively talked it out since then. P...

Changes to fire services law with tougher penalties set for public consultation

Changes to fire services law with tougher penalties set for public consultation

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Hong Kong authorities are planning to launch a public consultation over a raft of new fire safety-related requirements and offences with tough penalties following the city’s deadliest blaze in decades. Confirming an earlier report by the South China Morning Post, the Security Bureau on Friday laid out its planned amendments to the Fire Services Ordinance, including a requirement that fire alarms b...

US crackdown threat could shake out China’s ‘distillation’ AI copycats: analysts

US crackdown threat could shake out China’s ‘distillation’ AI copycats: analysts

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The administration of Donald Trump has threatened action to shield the US artificial intelligence industry from being “distilled” by Chinese rivals, in a move analysts say could weed out weaker players in China’s AI sector within a year. In a memo released on Thursday, Michael Kratsios, the science and technology adviser to the US president, warned that “surreptitious, unauthorised distillation ca...

US crackdown threat could shake out China’s ‘distillation’ AI copycats

US crackdown threat could shake out China’s ‘distillation’ AI copycats

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The administration of Donald Trump has threatened action to shield the US artificial intelligence industry from being “distilled” by Chinese rivals, in a move analysts say could weed out weaker players in China’s AI sector within a year. In a memo released on Thursday, Michael Kratsios, the science and technology adviser to the US president, warned that “surreptitious, unauthorised distillation ca...

US drops criminal probe of Fed chair Powell, likely clearing way for nominee Warsh

US drops criminal probe of Fed chair Powell, likely clearing way for nominee Warsh

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The US Justice Department has ended its probe into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh. US Attorney for the District of Columbia Jeannine Pirro said on X on Friday that her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinise them instead. The deci...

Disciplinary inquiry resumes into doctor’s alleged baby blunder 16 years ago

Disciplinary inquiry resumes into doctor’s alleged baby blunder 16 years ago

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Hong Kong’s Medical Council resumed a disciplinary inquiry on Friday over a suspected medical blunder that left a boy permanently disabled after its decision to terminate the hearing sparked a public outcry. Dr Sit Sou-chi was accused of failing to carry out all necessary and immediate investigations on newborn Li Yuanjian, the son of a mainland Chinese couple, after the infant had a seizure on De...

Medical Council resumes disciplinary hearing that sparked public outcry

Medical Council resumes disciplinary hearing that sparked public outcry

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Hong Kong’s Medical Council resumed a disciplinary inquiry on Friday over a suspected medical blunder that left a boy permanently disabled after its decision to terminate the hearing sparked a public outcry. Dr Sit Sou-chi was accused of failing to carry out all necessary and immediate investigations on newborn Li Yuanjian, the son of a mainland Chinese couple, after the infant had a seizure on De...

Huawei, DeepSeek strengthen China’s AI self-reliance with collaboration on V4 model

Huawei, DeepSeek strengthen China’s AI self-reliance with collaboration on V4 model

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Huawei Technologies’ newest Ascend 950PR and 950DT chips enjoyed “day zero” adaptation to DeepSeek’s latest V4 model, the Shenzhen-based tech giant said in a livestream on Friday, just hours after the model’s release. The hardware-software collaboration between the two Chinese firms underscores the progress China has made in tech self-reliance, a top national priority for Beijing amid US efforts t...

US FDA plans ultra-fast review of 3 psychedelic drugs after Trump directive

US FDA plans ultra-fast review of 3 psychedelic drugs after Trump directive

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The Food and Drug Administration said on Friday it will offer ultra-fast review to three psychedelic drugs being developed to treat mental health conditions, including depression, the latest indication of the Trump administration’s commitment to the experimental treatment approach. President Donald Trump signed an executive order last weekend directing the FDA and other federal agencies to speed a...

4 tickets to World Cup final are listed on Fifa’s resale site for more than US$2 million each

4 tickets to World Cup final are listed on Fifa’s resale site for more than US$2 million each

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Fifa’s resale site has four tickets on sale for the World Cup final for just under US$2.3 million each. The $2,299,998.85 seats for the July 19 match at MetLife Stadium in East Rutherford, New Jersey, are located behind a goal in the lower deck in block 124, row 45, seats 33-36. Fifa does not control the asking prices on its Resale/Exchange Marketplace but takes a 15 per cent purchase fee from the...

China ramps up hunt for tax evaders, frames consumption levies as fiscal lifelines

China ramps up hunt for tax evaders, frames consumption levies as fiscal lifelines

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Beijing is intensifying its enforcement against tax evasion, extending its reach into consumption taxes, which have been positioned as a critical source of stabilising local government finances that have been hit hard by the nation’s prolonged property crisis. Earlier this month, the State Taxation Administration (STA) released details of eight tax-violation cases involving sectors such as gold je...

Why the future is fluid for middle powers in a sea of US-China rivalry

Why the future is fluid for middle powers in a sea of US-China rivalry

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Faced with US-China rivalry and an uncertain future even beyond Donald Trump’s presidency, middle powers are building fluid coalitions and partnerships to hedge against American and wider unpredictability, according to a leading Southeast Asian affairs scholar. Traditional US allies are asserting greater autonomy and forming their own networks to hedge against risks – a shift that is creating open...