4 h. ago Canada to mine more amid geopolitical tensions: former minister Bill Morneau

Canada’s new government will invest more in mining at a time when the country’s economy and manufacturing sector are facing “challenges” related to China’s curbs on rare earth exports, Bill Morneau, former Canadian finance minister, told the Post. “One of the challenges for Canada is that we will need to increase our own mining,” Morneau, who was in office between 2015 and 2020 under then-prime minister Justin Trudeau, said in Shanghai on Friday. “The initiative by new [Prime Minister] Mark...

Politics

7 h. ago Activist investor David Webb awarded MBE for contributions to Hong Kong

Hong Kong corporate governance activist David Webb has been appointed a Member of the Order of the British Empire for his nearly three decades of contributions to the city, with the Briton saying he felt touched by the many tributes during his “final battle”. The former investment banker posted on his Webb-site platform on Saturday that he was delighted the United Kingdom government, “with its keen interest in Hong Kong affairs”, had recognised his efforts in the city over the past 27 years by...

Economics

7 h. ago Hong Kong pop diva Karen Mok picks up HK$85 million luxury flat in Mid

Hong Kong pop diva and actress Karen Mok Man-wai bought a luxury unit in the Mid-Levels district for HK$85 million (US$10.8 million), as the city’s celebrities, tycoons and other wealthy investors continue to pick up plum properties that are selling for a song. According to the Land Registry, a 2,153 sq ft three-bedroom flat at Dynasty Court on Old Peak Road was sold for HK$84.5 million and handed over on June 12 to buyer Karen Joy Morris. Dynasty Court is a luxury housing estate completed in...

Economics

13 h. ago Authorities still studying if Hong Kong collusion case needs to be handled by Beijing

Beijing and Hong Kong are investigating the complexity of a suspected collusion case to determine whether mainland China needs to take over, security minister has said, in what may become a precedent for the central government to exercise its jurisdiction over such matters. Secretary for Security Chris Tang Ping-keung said on Saturday that authorities were gathering information to ascertain if Article 55 of the national security law, which applies to complicated and severe cases, should be...

Events

14 h. ago Hong Kong plans new AI supercomputing centre to boost tech hub status

The Hong Kong government is set to enhance its computing power support for start-ups as part of its ambition to become a leading technology hub, according to the city’s innovation chief, as local start-ups seek global clients at one of Europe’s largest technology shows. Hong Kong planned to establish a new supercomputing centre at Sandy Ridge in the Northern Metropolis – part of a government blueprint that aims to transform a large swathe of land in the New Territories into an economic hub,...

Politics

20 h. ago Busiest US seaport takes hit from 145% China tariffs, worries remain

Busiest US seaport takes hit from 145% China tariffs, worries remain  Reuters

Events

22 h. ago Beijing CBD Forum: Chairman of Cedrus Group: China already a hotspot for foreign investment

Beijing CBD Forum: Chairman of Cedrus Group: China already a hotspot for foreign investment  news.cgtn.com

Politics

23 h. ago May imports drop 9% at busiest US seaport on 145% China tariffs

May imports drop 9% at busiest US seaport on 145% China tariffs  Reuters

Politics

26 h. ago Trump tariffs live updates: Trump threatens to set unilateral tariff rates within weeks

Trump tariffs live updates: Trump threatens to set unilateral tariff rates within weeks  Yahoo Finance

Politics

28 h. ago Hong Kong Urban Renewal Authority eyes Middle East, Europe investors for bonds

Hong Kong’s cash-strapped Urban Renewal Authority (URA) will issue another round of bonds this year and has reached out to investors in the Middle East and Europe, the body’s outgoing chief has revealed. Authority managing director Wai Chi-sing also said that two sites the government gave to the URA this month had strengthened its bargaining power in talks with investors, and that he believed there would be more similar land grants in the future. Wai, who leaves the statutory body on Saturday...

Economics

29 h. ago 8 arrested for road races in Hong Kong, including 1 who allegedly used police car

Hong Kong police have arrested a 29-year-old man who used a vehicle believed to be a retired squad car in illegal road races, alongside seven other men caught in the same operation. Chief Inspector So Chi-bing of the regional crime unit in Kowloon East said officers had arrested eight men on Thursday after the force investigated media reports and online footage depicting several cars chasing after one another and switching lanes at high speed last month. “In the footage, the force noticed that...

Events

29 h. ago 8 arrested after video of retired police car road racing in Hong Kong goes viral

Hong Kong police have arrested eight men on suspicion of taking part in illegal road racing, including a 29-year-old man who allegedly drove what appears to be one of the force’s retired vehicles. Chief Inspector So Chi-bing of the regional crime unit in Kowloon East said officers arrested the eight men on Thursday after the force investigated media reports and online footage depicting several cars chasing each other and switching lanes at high speed last month. “In the footage, the force...

Events

29 h. ago ‘Any time, any place’: Philippine army to be deployed to South China Sea islands

A senior Philippine military official has revealed a soon-to-be-deployed strategy that would involve an army contingent to support law enforcement units on occupied islands in the South China Sea. Observers said the strategy would align with Manila’s policy shift from an internal to external defence posture aimed at protecting the country’s territorial waters. One expert, however, warned that it could lead to more aggressive moves by the Chinese navy and coastguard if Beijing were to view...

Politics

32 h. ago Despite U.S., China trade deal, tariffs keep economy in state of uncertainty

Despite U.S., China trade deal, tariffs keep economy in state of uncertainty  Axios

Economics

35 h. ago As Chinese exporters explore home market, how are letters of credit helping?

After the United States imposed so-called reciprocal tariffs on imports from China in April, Beijing took steps to help Chinese exporters sell their products domestically. In addition to the staging of product promotion events across the country and the offering of fiscal and financial incentives, Beijing also encouraged the increased use of letters of credit (L/Cs) to help such businesses switch focus to the domestic market. What is a domestic letter of credit? A letter of credit, also known as...

Politics

35 h. ago Chinese worker requesting sick leave criticised for being weak and punished

A human resources supervisor in southeastern China triggered widespread public outrage and initiated a government investigation after verbally insulting an employee who requested sick leave for a fever, labelling her “too weak” and suggesting she seek psychiatric help. The controversy gained public attention on June 5, when a female employee – whose identity remains undisclosed – shared on social media that she had been verbally abused by her employer after asking for sick leave due to a...

Politics

40 h. ago Chinese solar firms bank on overseas expansion to survive amid US tariffs

Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement on trade tariffs, as production abroad holds the key to their long-term survival, according to executives at China’s largest solar industry exhibition. Although the US and China reached a 90-day truce in their ongoing tariff war in May, solar panel exports from China and Southeast Asia to the US are still subject to tariffs of as much as 3,521 per cent, with...

Economics

49 h. ago Trump Says Trade Deal With China is ‘Done,’ Imposes 55% Tariff

Trump Says Trade Deal With China is ‘Done,’ Imposes 55% Tariff  TechRepublic

Politics

50 h. ago China says it will remove all tariffs on African exports to boost trade

China says it will remove all tariffs on African exports to boost trade  Reuters

Politics

50 h. ago Exclusive: French cognac makers offer China minimum import prices to fend off tariffs

Exclusive: French cognac makers offer China minimum import prices to fend off tariffs  Reuters

Economics