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ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, saw its shares close up 466 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.28 trillion yuan (US$484.6 billion), making it mainland China’s most valuable onshore listing. The semiconductor champion’s Monday debut saw unprecedented trading volume, with t...
Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489 billion). The Hefei-based company opened at 49.50 yuan on the Star Market on Monday morning, compared with its initial public offering (IPO) price of 8.66 yuan. ...
Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489 billion). The Hefei-based company opened at 49.50 yuan on the Star Market on Monday morning, compared with its initial public offering (IPO) price of 8.66 yuan. ...
Eighty per cent of success is showing up, as they say. So, all but one of Hong Kong’s 89 legislators joining a week-long “national affairs study visit” to Beijing made a good impression. Lawmaker Stanley Ng Chau-pei called it a “groundbreaking opportunity” for legislators to study and deepen their understanding of national conditions. Showing up eager to learn and to better grasp how Hong Kong can...
A former security guard from northeastern China has successfully secured a spot in a postgraduate programme at the prestigious Tsinghua University after an impressive eight attempts and is now ambitiously pursuing a PhD at Harvard. Yang Xiao, 31, hailing from Shenyang in Liaoning province, has harboured the dream of attending Tsinghua since childhood, as reported by the mainland media outlet Jiupa...
A former security guard from northeastern China has successfully secured a spot in a postgraduate programme at the prestigious Tsinghua University after an impressive eight attempts and is now ambitiously pursuing a PhD at Harvard. Yang Xiao, 31, hailing from Shenyang in Liaoning province, has harboured the dream of attending Tsinghua since childhood, as reported by the mainland media outlet Jiupa...
The Hong Kong Observatory has cancelled the amber rainstorm warning, while the Education Bureau has announced the suspension of classes at all morning and full-day schools on Monday. The weather forecaster cancelled the signal at 9.15am after earlier downgrading the warning from red to amber at 7.47am. It urged residents to stay alert to dangers that may be brought about by river flooding. The for...
The Hong Kong Observatory lowered the rainstorm warning signal from red to amber at 7.47am on Monday, while the Education Bureau announced the suspension of classes at all morning and full-day schools. The forecaster said that, under the influence of an active southwesterly airstream, heavy showers and squally thunderstorms were initially expected to persist over the vicinity of the Pearl River De...
Enrolment at Hong Kong’s international and private schools grew for a third consecutive year following the introduction of a government talent scheme in 2022, despite an overall decline in the city’s student population, according to official statistics. Latest Education Bureau data showed that kindergartens and local public primary schools bore the brunt of the decline, with a record 30 preschools...
The United States has spent decades trying to blunt China’s strategic rise. Yet in the Middle East, sanctions and the war against Iran are now dismantling one of the few assets built to constrain Beijing’s influence in the region. The Iranian port of Chabahar has received strong backing from India, which hoped it would gain both a trade corridor into Afghanistan and Central Asia that bypassed Paki...
Tax breaks used to be enough. Not any more. Analysts say a new generation of investors is prioritising legal certainty and regulatory stability over incentives – and Asia’s most successful international financial centres will be those that successfully secure trust. All of which carries repercussions for Indonesia’s plans to build its first international finance centre, after lawmakers passed a la...
Venezuelan Nobel Peace Prize laureate and opposition leader Maria Corina Machado said Sunday she will not participate in US-backed talks with the de facto government of Delcy Rodriguez that are scheduled for August. In a statement co-signed by Edmundo Gonzalez Urrutia, who ran for president in Venezuela’s 2024 elections, Machado said the opposition would “not participate” in the “design, developme...
Venezuelan Nobel Peace Prize laureate and opposition leader Maria Corina Machado said on Sunday she will not take part in US-backed talks with the de facto government of Delcy Rodriguez that are scheduled for August. In a statement co-signed by Edmundo Gonzalez Urrutia, who ran for president in Venezuela’s 2024 elections, Machado said the opposition would “not participate” in the “design, developm...
US President Donald Trump’s border tsar said on Sunday that the vetting of an immigration officer involved in the deadly shooting of a Colombian native in Maine is under internal review after relatives revealed to Associated Press that he had a history of serious mental health struggles and violent behaviour. Tom Homan said if the allegations against the Immigration and Customs Enforcement officer...
Simon Johnson is a professor of entrepreneurship at the Massachusetts Institute of Technology (MIT). A former chief economist of the International Monetary Fund (IMF), he won a joint Nobel Prize for economics in 2024 for his research into how institutions shape national prosperity. On June 8, the British government announced Johnson as chair of its new AI Economics Institute. In this interview, co...
Britain’s Prime Minister Andy Burnham will on Monday host Ukrainian President Volodymyr Zelensky as his first foreign leader since taking office a week ago, to underline London’s “unwavering support” for Kyiv. The pair are set to visit a British naval base and hear from both countries’ armed forces personnel involved in training Ukrainian service members for battle, Burnham’s Downing Street office...
Britain’s Prime Minister Andy Burnham will on Monday host Ukrainian President Volodymyr Zelensky as his first foreign leader since taking office a week ago, to underline London’s “unwavering support” for Kyiv. The pair are set to visit a British naval base and hear from both countries’ armed forces personnel involved in training Ukrainian service members for battle, Burnham’s Downing Street office...
British Prime Minister Andy Burnham will on Monday host Ukrainian President Volodymyr Zelensky as his first foreign leader since taking office a week ago, to underline London’s “unwavering support” for Kyiv. The pair are set to visit a British naval base and hear from both countries’ armed forces personnel involved in training Ukrainian service members for battle, Burnham’s Downing Street office a...
The long-awaited earthquake in Hong Kong’s taxi and ride-hailing scene is almost upon us and the questions are how big the initial shock will be, and how many aftershocks we can expect. The important thing in the coming months will be to keep the focus on protecting the interests of the travelling public. More than a decade after Uber first set up in Hong Kong, operating in a regulatory grey area,...
The four American troops killed during renewed fighting between the US and Iran in recent weeks are no longer listed as part of the Iran war death toll in the Pentagon’s official casualty count but have been placed in a new, separate category. It is raising questions about properly counting the impact to US service members as the Trump administration has escalated strikes on Iran in a bid to reope...
The four American troops killed during renewed fighting between the US and Iran in recent weeks are no longer listed as part of the Iran war death toll in the Pentagon’s official casualty count but have been placed in a new, separate category. It is raising questions about properly counting the impact to US service members as the Trump administration has escalated strikes on Iran in a bid to reope...
Cuba held a traditional rally on Sunday to commemorate one of the revolution’s most important anniversaries but former president Raul Castro was conspicuously absent. It was the first time in at least 30 years that 95-year-old Castro had not attended the event, and no explanation was given. President Miguel Diaz-Canel read a congratulatory message from Castro to his compatriots at the rally, held ...
Cuba held a traditional rally on Sunday to commemorate one of the revolution’s most important anniversaries but former president Raul Castro was conspicuously absent. It was the first time in at least 30 years that 95-year-old Castro had not attended the event, and no explanation was given. President Miguel Diaz-Canel read a congratulatory message from Castro to his compatriots at the rally, held ...
Israel’s Benjamin Netanyahu said on Sunday that New York Mayor Zohran Mamdani is “fomenting hate” by calling the prime minister a war criminal who should be arrested over the war in Gaza if he visits the city for the United Nations General Assembly. Netanyahu said he intends to be in New York in September to address the annual UN gathering of world leaders, despite the mayor’s suggestion that he i...
Israel’s Benjamin Netanyahu said on Sunday that New York Mayor Zohran Mamdani is “fomenting hate” by calling the prime minister a war criminal who should be arrested over the war in Gaza if he visits the city for the United Nations General Assembly. Netanyahu said he intends to be in New York in September to address the annual UN gathering of world leaders, despite the mayor’s suggestion that he i...
Israel’s Benjamin Netanyahu said on Sunday that New York Mayor Zohran Mamdani is “fomenting hate” by calling the prime minister a war criminal who should be arrested over the war in Gaza if he visits the city for the United Nations General Assembly. Netanyahu said he intends to be in New York in September to address the annual UN gathering of world leaders, despite the mayor’s suggestion that he i...
The suspect in the deadly Berlin Pride attack that left one person dead and 29 injured was shot and killed by police during a confrontation on Sunday in a suburb of the city, authorities said. Abdul Ballout, a 21-year-old German citizen with Lebanese roots, was killed following a search that lasted nearly 24 hours after the attack in downtown Berlin. Prosecutors said he had previously sought to jo...
The suspect in the deadly Berlin Pride attack that left one person dead and 29 injured was shot and killed by police during a confrontation on Sunday in a suburb of the city, authorities said. Abdul Ballout, a German citizen with Lebanese roots, was killed following a search that lasted nearly 24 hours after the attack in downtown Berlin. Berlin prosecutors said the suspect had previously sought t...
Russian ballistic missiles struck Kyiv early on Sunday, setting off fires and wounding at least three civilians, while attacks on other parts of Ukraine later killed at least two people, local officials reported. The strikes come as Ukraine’s successful drone attacks have stalled the Russian army’s advances in an expanded campaign inside Russia that has been causing fuel shortages and piling press...
Honduran ex-president Juan Orlando Hernandez – who was serving a 45-year prison sentence in the United States for drug trafficking until President Donald Trump pardoned him last year – returned to his home country on Sunday. After touching down in a private plane near the capital, Tegucigalpa, he travelled to a rally in the town of Comayagua. Speaking at a farm in front of hundreds of supporters, ...
