13 h. ago In Hong Kong and globally, AI is not a job and wage killer, PwC says

Jobs requiring artificial intelligence (AI) skills are on the rise in Hong Kong as more businesses find practical use for the technology, but rather than replacing human ingenuity, AI is being combined with it to deliver productivity gains, according to PwC. The proportion of job postings in Hong Kong seeking AI skills rose to 1.9 per cent in 2024 from 1.6 per cent in 2021, according to the consultancy’s “Global AI Jobs Barometer” report published on Friday. In the information and communications...

Events

30 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

54 h. ago Tariff Rates Against China Still Historically High as Trump Touts New Trade Deal

Tariff Rates Against China Still Historically High as Trump Touts New Trade Deal  CNET

Economics

57 h. ago Trump announces US, China have reached trade deal with 55% tariff

Trump announces US, China have reached trade deal with 55% tariff  Yahoo Finance

Politics

3 d. ago Macau’s closure of satellite casinos to favour licensed resort operators

Macau’s licensed integrated resorts will emerge stronger with the closure of 11 satellite casinos in the city, as gambling activities are expected to shift to the casinos’ main properties and bolster their profit margins, according to analysts. The shares of the three casino operators affected by the move advanced after the closures were announced on Tuesday. The move affected 11 casinos licensed by Macau’s concessionaires but operated by third parties, down from as many as 21 in 2022 before the...

Politics

4 d. ago ‘Irresistible trend’: why Chinese firms are rushing to open factories in Hungary

When Agosto Bodo took a job at a Chinese law firm’s Budapest office last year, he found himself catapulted into the centre of a China-fuelled investment boom. Yingke Law Firm, a major player in Chinese corporate law, had opened the new office to serve a wave of Chinese companies looking to open factories in Hungary. And the business was quickly gaining momentum. “We helped our clients with sourcing labour, looking for offices – we provided the whole service to help them overcome the language and...

Politics

4 d. ago HSBC to grow investment bank to serve rising demand for IPOs

HSBC will expand its investment banking business to serve the rising demand of companies from Asia and the Middle East for initial public offerings (IPOs), said the co-CEOs of the bank’s biggest profit centre. The plan aligns with the bank’s restructuring to focus on high-return areas like Hong Kong and India, as well as exit low-profitability markets like Europe and the US. Hong Kong sits atop the world’s IPO league table, after 27 companies raised US$9.96 billion this year as of last week,...

Economics

6 d. ago Trump’s China Gambit Belies Rocky Road Ahead on Tariff Deals

Trump’s China Gambit Belies Rocky Road Ahead on Tariff Deals  Bloomberg.com

Politics

7 d. ago Trump sends Bessent and Lutnick to haggle with Chinese on tariff war after Xi chat

Trump sends Bessent and Lutnick to haggle with Chinese on tariff war after Xi chat  The Independent

Politics

8 d. ago ‘At least we’re not out of business’: small companies in the Trump tariff era

In 2017, tired of supporting other people’s entrepreneurial dreams and watching e-commerce take off, Matt Rollens started Dragon Glassware in his garage with US$10,000 from savings and a small inheritance. A tea drinker, his first idea was a glass vacuum flask. But the prototype fell short, so he settled on drinking glasses as the US microbrewery craze exploded. Over the next eight years, he built ties with skilled Chinese factories and expanded into licensed Barbie and Wicked drinkware as...

Politics

8 d. ago ‘From awful to bad’: how Trump’s tariff war with China crushes small US firms

In 2017, tired of supporting other people’s entrepreneurial dreams and watching e-commerce take off, Matt Rollens started Dragon Glassware in his garage with US$10,000 from savings and a small inheritance. A tea drinker, his first idea was a glass vacuum flask. But the prototype fell short, so he settled on drinking glasses as the US microbrewery craze exploded. Over the next eight years, he built ties with skilled Chinese factories and expanded into licensed Barbie and Wicked drinkware as...

Politics

8 d. ago Australia’s Albanese to meet China’s Xi in Beijing this summer: source

Australian Prime Minister Anthony Albanese is set to become the latest world leader to travel to Beijing for trade talks, as countries around the world scramble to navigate the turbulence unleashed by US President Donald Trump’s tariff policies. The Australian leader is expected to arrive in the Chinese capital in July or August, a source with knowledge of the situation told the Post on condition of anonymity, with the European Union also scheduled to hold a crunch summit with China during the...

Politics

9 d. ago China’s trade gambit: Beijing plays hardball in Trump tariff talks to try to save its economy

China’s trade gambit: Beijing plays hardball in Trump tariff talks to try to save its economy  Washington Times

Politics

1 week ago Is Labubu the next Hello Kitty? Analysts debate the limits for China’s Pop Mart

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics

1 week ago How Pop Mart turns Labubu into a cultural phenomenon ‘without mentioning China’

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics

1 week ago Is Labubu the next Hello Kitty? Analysts debate Pop Mart’s limits

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics

1 week ago The Trump administration is delaying a 25% tariff on Chinese

The Trump administration is delaying a 25% tariff on Chinese-made graphics cards  Quartz

Politics

1 week ago Dow futures dip as Wall Street weighs likelihood of Trump's latest tariff threat, while U.S. eyes call to resolve China trade snag

Dow futures dip as Wall Street weighs likelihood of Trump's latest tariff threat, while U.S. eyes call to resolve China trade snag  Fortune

Politics

1 week ago Hong Kong regains favour with investors, companies: Deutsche Bank

Hong Kong’s corporate activity and yuan-driven business have been revitalised as global market participants strengthen ties to China’s economy amid tariffs and geopolitical tensions, according to a senior executive at Deutsche Bank. Companies and investors have increased their exposure to China and hedged against the US dollar as they adjusted their supply chains and portfolios amid market volatility, said Ole Matthiessen, head of corporate banking for Asia-Pacific, Middle East and Africa,...

Economics

1 week ago Trump to double steel tariffs to 50%, backs Nippon Steel investment in US Steel

US President Donald Trump on Friday pledged support for investments of more than US$20 billion by Japan’s Nippon Steel into US Steel, and said he would double tariffs on the industrial metal that they produce. He claimed that both moves would strengthen steelmaking in America. Without exception, Trump said, steel import tariffs would jump to 50 per cent, “which will even further secure the steel industry in the United States”. He later said on his Truth Social platform that the increase would be...

Politics