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The growing popularity of Chinese artificial intelligence models has emerged as a key risk factor for Anthropic ahead of its blockbuster initial public offering, according to US research firm Hedgeye Risk Management. “It’s all about Chinese competition when analysing Anthropic,” said Felix Wang, managing director and global tech sector head at Hedgeye. “Many of my clients are asking the same quest...
President Donald Trump’s administration has revoked over 300,000 US visas during his second term, the State Department said on Tuesday as the federal government continues its sweeping immigration crackdown. The number showed an acceleration in the pace of visa revocations in recent weeks. In an update issued on August 10, the State Department had put the number of visa revocations since Trump’...
Elon Musk said SpaceX and Tesla Inc have formed special committees to explore a potential merger, a preliminary step towards what would rank as the largest corporate tie-up of all time. “I do think there’s a lot of merit to combining the companies,” Musk, the chief executive officer of both companies, said on Tuesday on SpaceX’s earnings webcast. “There’s a lot to be gained from cooperating on dev...
As artificial intelligence reshapes the finance industry, commercial bankers are facing a “more miserable” transition than their central banking counterparts, the head of the world’s largest lender by assets said. Industrial and Commercial Bank of China president Liu Jun said that while central bankers focused on oversight and policy, commercial lenders bore direct financial and legal liability wh...
US Secretary of State Marco Rubio said on Wednesday that decisions regarding Ukraine’s access to Starlink were up to SpaceX and Elon Musk, not the White House, comments that suggested Musk may have restricted Kyiv’s access to the service. The Wall Street Journal reported on Tuesday that Musk had ordered the slowdown of a military-grade version of Starlink that Ukraine relies on to defend itself a...
Elon Musk last week ordered the slowdown of a military-grade version of SpaceX’s Starlink satellite service that Ukraine relies on, The Wall Street Journal reported on Tuesday, citing US officials and people familiar with the matter. Musk, SpaceX and the White House did not immediately respond to requests for comment. Reuters could not immediately verify the report. Ukraine uses Starlink for ba...
With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. A subtle shift is taking place among Chinese businesses as they ado...
The commander of the US Eighth Army in South Korea said his troops must be ready for deployment outside the Korean peninsula if ordered, arguing that it would be “irresponsible” to focus “myopically” on threats there. Lieutenant General Joe Hilbert said that while his command’s focus was on fulfilling US commitments under its mutual defence treaty with Seoul, the Eighth Army’s location did not lim...
“Actions have consequences,” British Minister of State for Skills and former home secretary Baroness Jacqui Smith said of Palestine Action, the protest group proscribed as a terrorist organisation across the United Kingdom. She was lecturing the group’s members and supporters, who are legion in Britain, on taking responsibility for their actions. From where everyone else is sitting, she might as w...
A 65-year-old woman was killed on Tuesday in a shark attack off South Africa’s southeastern coast, police and municipal authorities said, prompting the closure of two beaches. Officers were called to Orient Beach in KuGompo city, formerly East London, at about 7am, where they found the woman’s body, Eastern Cape police spokeswoman Colonel Siphokazi Mawisa said. An inquest has been opened into the ...
British police said on Tuesday that they had rearrested two men on suspicion of assisting Iran’s intelligence service over the suspected plot at a US-run airbase in England last month. Counter Terrorism Policing said the men, a 24-year-old British national and a 25-year-old dual UK-Iranian national, were arrested under the National Security Act. The men were earlier arrested but had been bailed pe...
US Secretary of State Marco Rubio confirmed on Tuesday that the leaders of the Quadrilateral Security Dialogue would meet in the Philippine capital next month, marking the group’s first summit in more than two years, just days before US President Donald Trump meets Chinese President Xi Jinping in Shenzhen, China. “It’s been agreement now that we’re going to do it; we’re going to do it in Manila, a...
US Secretary of State Marco Rubio confirmed on Tuesday that the leaders of the Quadrilateral Security Dialogue would meet in the Philippine capital next month, marking the group’s first summit in more than two years, just days before US President Donald Trump meets Chinese President Xi Jinping in Shenzhen, China. “It’s been agreement now that we’re going to do it; we’re going to do it in Manila, a...
France will reinforce police with troops and mount a huge security operation for more protests planned on Saturday, the government said, acknowledging failures in its response to last weekend’s violence. “The deployment next Saturday will be massive,” Prime Minister Sebastien Lecornu said on Tuesday, adding that the immediate priority was to restore order after rioting and looting swept Paris, Mar...
France will reinforce police with troops and mount a huge security operation for more protests planned on Saturday, the government said, acknowledging failures in its response to last weekend’s violence. “The deployment next Saturday will be massive,” Prime Minister Sebastien Lecornu said on Tuesday, adding that the immediate priority was to restore order after rioting and looting swept Paris, Mar...
France will reinforce police with troops and mount a huge security operation for more protests planned on Saturday, the government said on Tuesday, acknowledging failures in its response to last weekend’s violence. “The deployment next Saturday will be massive,” Prime Minister Sebastien Lecornu said, adding that the immediate priority was to restore order after rioting and looting swept Paris, Mar...
The United States is lulling itself into a “sense of false security” over its military rivalry with China, according to a Republican senator who called for more spending on modern warfare systems and closer cooperation with allies. Speaking at the Hudson Institute after a recent trip to Japan and South Korea, Dave McCormick, a Pennsylvania senator and West Point graduate, claimed up to 90 per cent...
[The content of this article has been produced by our advertising partner.] The use of artificial intelligence (AI) is reshaping the design industry, where speed and efficiency have become the norm. But the Hong Kong animated film Another World took a different path. Entirely hand-drawn over seven years, it was selected for the 2025 Annecy International Animation Film Festival in France — hailed a...
A second batch of land at Hong Kong’s flagship tech hub at the border with mainland China has drawn nine bids, with frontier technology firms and major conglomerates among the tenderers. The Loop Hong Kong Park Company, which operates the Hong Kong-Shenzhen Innovation and Technology Park (HSITP), revealed the results on Tuesday, nearly two months after six bids were received from conglomerates and...
While US President Donald Trump has said he is open to sitting down with his Chinese and Russian counterparts Xi Jinping and Vladimir Putin at the Apec summit, it remains far from certain that the three leaders will actually meet in a few weeks. Observers said much would depend on whether the countries could agree on an agenda, with one expert describing this as a “critical lever”. Russia was set ...
A Hong Kong-headquartered intergovernmental mediation body has successfully settled an infrastructure dispute in Malaysia and received “more than a dozen” inquiries, its head has revealed on the organisation’s first anniversary. Teresa Cheng Yeuk-wah, secretary general of the International Organisation for Mediation (IOMed), told a reception marking the body’s first anniversary that it had wrapped...
A Hong Kong-headquartered intergovernmental mediation body has successfully settled its second case, an infrastructure dispute in Malaysia, and has received “more than a dozen” inquiries, its head has revealed on the organisation’s first anniversary. Teresa Cheng Yeuk-wah, secretary general of the International Organisation for Mediation (IOMed), told a reception marking the body’s first anniversa...
The number of people facing acute food insecurity in Afghanistan is set to rise above 19 million this winter, the United Nations warned on Tuesday. The food crisis gripping Afghanistan is projected to affect millions of young children in 2027, the United Nations’ humanitarian agency OCHA said. More than four million babies and children under six will need treatment for acute malnutrition next year...
Average sentences for Hong Kong’s gravest child sex crimes have remained below 10 years over the past three decades, far below the maximum penalty of life imprisonment, prompting a call for a sentencing council to issue clearer judicial guidance. Citing data from 401 publicly available judgments between 1990 and 2025, University of Hong Kong law professor Puja Kapai on Tuesday said her research fo...
Average sentences for Hong Kong’s gravest child sex crimes have remained below 10 years over the past three decades, far below the maximum penalty of life imprisonment, prompting a call for a sentencing council to issue clearer judicial guidance. Citing data from 401 publicly available judgments between 1990 and 2025, University of Hong Kong law professor Puja Kapai on Tuesday said her research fo...
Just days after announcing his departure from Moonshot AI, teen Chinese artificial intelligence prodigy Nathan Chen Guangyu seems to have found his next destination. On Tuesday, Arfur Grok, a widely-watched anonymous social media account that tracks AI talent movements in the US, posted that the former Moonshot AI researcher was joining Discovery Loop, an AI start-up founded by four former Google ...
The European Commission has presented an updated strategy for the Arctic as climate change and rapidly melting ice open up the remote but resource-rich region. “With Russia and China increasing their footprint and ambition, the Arctic has become a front line of global power competition,” said European Union foreign affairs chief Kaja Kallas on Tuesday. With the new strategy, the commission aims fo...
The number of contested subsectors in Hong Kong’s powerful Election Committee has doubled compared with 2021, in a move observers said reflected Beijing’s push to foster healthy competition within the pro-establishment camp and strengthen the legitimacy of the body responsible for selecting the city’s next leader. The two-week nomination period ended on Tuesday, with 1,115 hopefuls signing up to r...
China’s hybrid car exports to the European Union tripled in September from a year earlier, with shipments expected to remain elevated before an import cap agreed during recent trade talks takes effect. The country shipped nearly 100,000 hybrid cars to the bloc last month, up 18.9 per cent from August and 204.2 per cent from a year earlier, customs data showed on Tuesday. The surge outpaced a 142.7...
Chinese scientists have found evidence that individual neurons can act like powerful minicomputers that enable flexible behaviour such as making decisions. Scientists do not have a complete understanding of how our brains adapt to changing contexts to respond appropriately to sensory information. But by studying mice, the team obtained the first experimental evidence that dendrites – branchlike st...
