In a China first, low-altitude sector hits turbulence as subsidies face reality check
SCMP •

In a China first, low-altitude sector hits turbulence as subsidies face reality check

A major Chinese tech hub is moving to pull the plug on dedicated funding for its low-altitude economy, making it the first city in the country to propose repealing a full financial support package for the sector. The proposal in Hangzhou, the capital of Zhejiang province, comes after the deadly crash of a small aircraft into Beijing’s tallest skyscraper in June. Still, some analysts contend that t...

Success of Xi-Trump summit lies in what happens afterwards

Success of Xi-Trump summit lies in what happens afterwards

SCMP •

Chinese President Xi Jinping is expected to meet US President Donald Trump in Washington this week, after the May talks in Beijing and before the November Apec summit in Shenzhen. This sequence of diplomacy will test if the commitment to building a “constructive China-US relationship of strategic stability” translates into practical arrangements. The Washington meeting faces clear limits. Differen...

Success of Trump-Xi summit lies in what happens afterwards

Success of Trump-Xi summit lies in what happens afterwards

SCMP •

Chinese President Xi Jinping is expected to meet US President Donald Trump in Washington this week, after the May talks in Beijing and before the November Apec summit in Shenzhen. This sequence of diplomacy will test if the commitment to building a “constructive China-US relationship of strategic stability” translates into practical arrangements. The Washington meeting faces clear limits. Differen...

In 2013, Pink bought a 200-acre California ranch for $9M; it is now a working vineyard

In 2013, Pink bought a 200-acre California ranch for $9M; it is now a working vineyard

Times of India •

Pink bought a 200-acre California ranch with her husband Carey Hart for nearly $9 million in 2013. What began as an interest in wine grew into Two Wolves, an organic wine business. After years of studying winemaking and making small batches privately, Pink released her first vintage in 2014 and has since built a team around organic farming and winemaking.

Sorbonne Professor Hans Stark: 'Merz is in a very, very fragile situation'

Sorbonne Professor Hans Stark: 'Merz is in a very, very fragile situation'

France 24 •

The far right AfD claims it has become Germany’s new “people’s party”. The statement comes after AfD claimed its second regional election win in as many weeks, ramping up pressure on the poorly performing CDU and Chancellor Friedrich Merz. The far-left party also advanced, winning its third regional election thanks to its latest victory in Berlin. Perspective spoke to Hans Stark, professor in cont...

Trump denies ‘assault’ on free press as three outlets plan to sue over White House ban – live

Trump denies ‘assault’ on free press as three outlets plan to sue over White House ban – live

The Guardian •

Three news outlets to sue to protect First Amendment rights; Trump claims to ‘cherish’ free press but also attacks ‘fake news’ media Sign up for US Breaking News emailsHours after the three news outlets he summarily barred from the White House announced their intentions to file a lawsuit, Trump took to social media to defend himself.“The White House is not instituting an assault on the Free Press,...

Germany’s Merz ‘grateful’ centre-left SPD wants to stay in coalition after CDU’s heavy losses – Europe live

Germany’s Merz ‘grateful’ centre-left SPD wants to stay in coalition after CDU’s heavy losses – Europe live

The Guardian •

CDU suffered heavy losses in two regional elections, including in home state of former leader Angela Merkel, where it polled just 4.9%Staying in Germany, tens of thousands of automotive workers at Volkswagen, BMW, Mercedes-Benz and other car brands are protesting on factory floors across the country today for government and management help to save their jobs. Volkswagen has announced plans to cut...

Converse apologizes and pulls ad that critics said evoked racist imagery

Converse apologizes and pulls ad that critics said evoked racist imagery

The Guardian •

Sneaker company removes social media ad after backlash from critics who said it resembled KKK imageryThe sneaker company Converse has removed a social media ad that sparked outrage among critics who viewed it as evoking the Ku Klux Klan and lynching.The Instagram ad photo showed K-pop singer Karina wearing a skirt and holding a pair of Chuck 70 X sneakers. Critics lashed out online, saying that a ...

Hong Kong developer New World gets nod to spin off K11 Shanghai assets

Hong Kong developer New World gets nod to spin off K11 Shanghai assets

SCMP •

New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3...

Fears over interest rate rise and jobs send UK consumer confidence to three-year low

Fears over interest rate rise and jobs send UK consumer confidence to three-year low

The Guardian •

Blow to John Healey before budget as UK households face ‘notable strain’ on their financesBusiness live – latest updatesFears of a steep rise in mortgage payments and increasing job insecurity have sent UK consumer confidence tumbling to a three-month low, according to a leading survey.In a blow to John Healey before next month’s budget, the S&P Global consumer sentiment index dropped to 42.7 ...

Nearly half of Taiwanese lack confidence in US defence commitments, survey finds

Nearly half of Taiwanese lack confidence in US defence commitments, survey finds

SCMP •

Nearly half of Taiwanese lack confidence that Washington will continue military aid and arms sales to the island, according to a new survey released on Monday ahead of this week’s Trump–Xi summit. The poll by Taiwan-based United Daily News found 47 per cent were not confident the United States would continue providing military assistance and selling weapons to Taiwan, slightly exceeding the 44 per...

CNN, MS Now and Politico to sue Trump administration over White House ban – live

CNN, MS Now and Politico to sue Trump administration over White House ban – live

The Guardian •

Three news outlets to sue to protect First Amendment rights after Trump banned them from White House groundsSign up for US Breaking News emailsThe United States has refused to issue visas for members of Iranian president Masoud Pezeshkian’s delegation, including his communications team, for this week’s trip to the UN General Assembly, Iranian state media reported.Pezeshkian will be the highest-ran...