5 h. ago NightEagle APT Exploits Microsoft Exchange Flaw to Target China's Military and Tech Sectors

NightEagle APT Exploits Microsoft Exchange Flaw to Target China's Military and Tech Sectors  The Hacker News

Events

10 h. ago As China, EU eye warm ties, Brussels aims to protect its manufacturing base

Hopes for a long-awaited recovery of factory activity in Europe’s manufacturing powerhouse were uplifted this week as a key indicator of the sector’s health surged to a 34-month high in Germany. But the fact that the country’s manufacturing purchasing managers’ index for June still remained at 49.0 – when a reading below 50 suggests a contraction in the sector – underscores the uphill challenge that Germany is facing in trying to regain growth and past glory in its manufacturing activities. The...

Politics

13 h. ago Singapore’s crypto exchange crackdown seen benefiting Hong Kong

Hong Kong could benefit from Singapore’s recent move to oust unlicensed cryptocurrency companies, according to analysts, potentially leading to a significant injection of liquidity. On May 30, the Monetary Authority of Singapore instructed cryptocurrency firms incorporated in the city and offering services abroad to acquire a licence or leave the country. Singapore’s central bank subsequently set a June 30 deadline for crypto service providers in the city state to stop offering digital token...

Politics

20 h. ago China urged to issue 30 trillion yuan in bonds to tackle local debt crisis

China should issue 30 trillion yuan (US$4.2 trillion) in treasury bonds to swap local governments’ hidden liabilities to re-energise growth momentum and cut off financial risks at their root, a Beijing-based think tank has proposed. Such a move, combined with a few trillion yuan worth of additional bonds to shore up the property market, boost consumption and remove excessive industrial capacity, would be a strong step toward resolving China’s local-level debt and real estate crises once and for...

Events

24 h. ago China tells EU it cannot afford Russian loss in Ukraine war, sources say

Chinese Foreign Minister Wang Yi told the European Union’s top diplomat on Wednesday that Beijing cannot afford a Russian loss in Ukraine because it fears the United States would then shift its whole focus to Beijing, according to several people familiar with the exchange. The comment, to the EU’s Kaja Kallas, would confirm what many in Brussels believe to be Beijing’s position but jar with China’s public utterances. The foreign minstry regularly says China is “not a party” to the war. Some EU...

Events

24 h. ago China tells EU it does not want to see Russia lose its war in Ukraine: sources

Chinese Foreign Minister Wang Yi told the European Union’s top diplomat on Wednesday that Beijing does not want to see a Russian loss in Ukraine because it fears the United States would then shift its whole focus to Beijing, according to several people familiar with the exchange. The comment, to the EU’s Kaja Kallas, would confirm what many in Brussels believe to be Beijing’s position but jar with China’s public utterances. The foreign minstry regularly says China is “not a party” to the war....

Events

26 h. ago Alibaba seeks US$1.5 billion from exchangeable bonds for cloud, e

Alibaba Group Holding plans to raise HK$12 billion (US$1.5 billion) via exchangeable bonds to fund its cloud business and international e-commerce operations, the company said on Thursday. The bonds will not pay interest but will allow bondholders to exchange them for shares of its subsidiary, Alibaba Health Information Technology. “Alibaba Group intends to use the net proceeds from the bond offering for general corporate purposes, including investments to support the development of our cloud...

Economics

28 h. ago Synopsys Cleared For China Sales, But Not For This Valuation (NASDAQ:SNPS)

Synopsys Cleared For China Sales, But Not For This Valuation (NASDAQ:SNPS)  Seeking Alpha

Politics

28 h. ago Armenia seeks deeper Chinese ties, Apple’s China story: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Has Apple been trapped by China? Not so fast, analysts say A new book contending that Apple went too far in consolidating its operations in China is prompting debate among analysts of the country – some of whom say the company may have had no realistic alternatives. 2. Armenia looks to deepen ties with China for foreign policy beyond Russia The Armenian...

Politics

29 h. ago White House lifts chip design export ban on China in exchange for rare earth materials compromise — export licences for EDA software sales no longer required

White House lifts chip design export ban on China in exchange for rare earth materials compromise — export licences for EDA software sales no longer required  Tom's Hardware

Events

32 h. ago Alibaba leads US$14 million funding round in Chinese AI agent start

A Hangzhou-based artificial intelligence (AI) start-up specialising in enterprise AI agents has secured over 100 million yuan (US$14 million) from investors led by Alibaba Group Holding’s cloud unit, as Chinese companies strive to leverage the technology to raise business efficiency. BetterYeah AI, a prominent player in China’s enterprise AI sector founded by former Alibaba executives, said on Wednesday it had completed its latest financing round with contributions from Alibaba Cloud and venture...

Economics

34 h. ago From land to sea: top spots to get a glimpse of the Shandong in Hong Kong

Crowds of fans and onlookers gave an emotional welcome to the Chinese aircraft carrier Shandong and its accompanying strike group when they sailed into Hong Kong waters on Thursday for a five-day port call. Many are seeking alternatives or the best vantage points to view the fleet, as the Shandong is anchored to the west of Victoria Harbour. The other three vessels – the missile destroyers Yan’an and Zhanjiang, and the missile frigate Yuncheng hull number 571 – are moored at the PLA pier on...

Politics

36 h. ago Europe has many challenges but none come from China, Wang Yi tells EU

China has presented itself as a “peaceful, inclusive and cooperative” partner for the European Union and pledged it will not follow the path taken by the US. In a meeting with EU representatives in Brussels on Wednesday, China’s top diplomat Wang Yi urged the bloc to “truly foster a rational understanding” of China and not seek confrontation despite their division. “China and Europe have different histories, cultures and values. We should not regard each other as opponents just because of...

Politics

38 h. ago China’s central bank seeks European lenders’ advice on low interest rates

China’s central bank seeks European lenders’ advice on low interest rates  Financial Times

Politics

44 h. ago Trump has a US$30 billion plan to match China at shipbuilding. Can he win?

America’s view of China as a “pacing threat” has shaped its defence priorities as the military seeks to maintain an edge over a rapidly modernising PLA. In the last of a three-part series on how US budget tensions will affect efforts to deter China, we look at Trump’s massive funding request aimed at turbocharging naval construction. Read the rest of the series here. US President Donald Trump aims to invest tens of billions of dollars to revitalise American shipbuilding, as China’s rapidly...

Politics

51 h. ago Hong Kong can chart path for growth in the space economy: Regina Ip

A top adviser to Hong Kong has called for the local government to aim for the space economy as the city’s answer to stimulating high-quality economic growth, while seeking to host top-tier international events such as the Apec finance ministers’ meeting to enhance global ties and boost local consumption. Regina Ip Lau Suk-yee, convenor of the key decision-making Executive Council and chairwoman of the New People’s Party, also proposed a HK$50 million (US$6.4 million) fund on Wednesday to support...

Politics

55 h. ago Alibaba’s US$7 billion subsidy deepens China’s instant shopping battle

Alibaba Group Holding’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over the next 12 months for both consumers and merchants, intensifying the fierce competition in China’s on-demand delivery sector, where JD.com and Meituan are also major players. Consumers using Taobao’s in-app Shangou service, the instant commerce business of Alibaba, will enjoy significant incentives, including cash vouchers, free purchase coupons,...

Economics

55 h. ago James Bond museum in Thailand misfires, closing after only 1 day

The closure of a US$1.2 million James Bond museum aimed at wooing more tourists to southern Thailand after opening for only one day has prompted a lawmaker to call it a pointless project “dressed up to impress” and demand accountability from officials. The state-funded attraction in Phang Nga, a tribute to The Man with the Golden Gun for showcasing the kingdom’s multiple locations in the 1974 film, was built a year ago. But the museum has since become an eyesore, with its leaky roofs, broken...

Events

56 h. ago Indonesia and Malaysia set model for dispute resolution with Ambalat pact

The decision by Indonesia and Malaysia to jointly develop the resource-rich Ambalat sea block signals a pragmatic step towards defusing a decades-old territorial stand-off, even as legal uncertainties over sovereignty remain unresolved. The agreement was announced last week during Malaysian Prime Minister Anwar Ibrahim’s visit to Indonesia, where he met with Indonesian President Prabowo Subianto to discuss maritime and land border disputes, investment, and regional conflicts, among...

Politics

56 h. ago Students and faculty from Beijing, Hong Kong, and Macao join exchange camp at UM to explore civilisations through academic exchange

Students and faculty from Beijing, Hong Kong, and Macao join exchange camp at UM to explore civilisations through academic exchange  University of Macau

Politics