51 m. ago Newspaper Society of Hong Kong vows to safeguard interests, tackle challenges

The Newspaper Society of Hong Kong pledged on Tuesday to safeguard the interests of the industry and to tackle future challenges as the group elected its new leaders. “The society will, as always, continue to safeguard the interests of the industry, enhance professional standards and facilitate candid exchanges and dialogues on the industry’s future development and related issues between the industry and the government,” the society said in a statement. “No matter how challenging the outlook for...

Politics

86 m. ago China’s analogue AI chip could work 1,000 times faster than Nvidia GPU: study

Chinese scientists have created a superfast analogue chip that can solve complex maths problems for advanced scientific tasks and artificial intelligence (AI) while using less power than conventional computing, according to a paper published this month. The analogue device designed by researchers from Peking University uses memory chips made of resistive materials. With future improvements, it could perform calculations at a processing rate 1,000 times faster than top digital processors, such as...

Politics

6 h. ago DeepSeek outperforms AI rivals in ‘real money, real market’ crypto showdown

A new real-market cryptocurrency trading experiment that pits leading artificial intelligence models against one another to evaluate their respective investing abilities has seen a DeepSeek model outperform rivals so far. In Alpha Arena, launched on Friday by US research firm Nof1, six large language models (LLMs) were given US$10,000 each to invest in six cryptocurrency perpetual contracts on the decentralised exchange Hyperliquid, including bitcoin and solana. As of 2pm on Tuesday, DeepSeek’s...

Economics

6 h. ago China shop clerk breaks jade bangles worth US$140,000; owner seeks no compensation

A shop clerk in eastern China accidentally broke jade bangles valued at over one million yuan (US$140,000), yet the owner chose compassion over compensation, giving the young man a chance to learn from his mistake. The incident, which occurred in October at a jewellery shop in Suzhou, Jiangsu province, was captured on surveillance video. While moving a table, the clerk accidentally knocked over a box of jade bangles, resulting in a loud crash. He attempted to gather the pieces but squatted in...

Economics

7 h. ago Apple’s iPhone and beauty products lead the charge in record

Alibaba Group Holding kicked off direct sales for its annual Singles’ Day shopping festival on Monday, with initial figures surpassing last year’s performance – a sign of strengthening domestic consumption during China’s biggest online retail event. Since direct sales began on Taobao and Tmall at 8pm on Monday, 80 brands had exceeded 100 million yuan (US$13.8 million) in sales within the first hour, while more than 30,000 brands doubled their takings from a year earlier, according to data...

Politics

10 h. ago 4 smugglers arrested for bringing gold into Japan from Hong Kong in underwear

Four people have been arrested for allegedly trying to smuggle about 8kg of gold worth around 98.7 million yen (US$650,000) from Hong Kong to Japan by concealing gold powder in underwear, sources familiar with the matter revealed on Tuesday. Masamori Nishimura, 34, is believed to have orchestrated the smuggling attempt by instructing three women in their 20s and 30s to wear underwear with concealed gold powder on a flight in July last year, the sources said. The four admitted to the charges,...

Events

10 h. ago Bitcoin slides below $108,000; volatility to continue amid US

Bitcoin slides below $108,000; volatility to continue amid US-China tensions: analyst  theblock.co

Politics

23 h. ago China ETFs See Outflows as Trump Comments Trigger Volatility

China ETFs See Outflows as Trump Comments Trigger Volatility  Bloomberg.com

Politics

31 h. ago Will Zelensky join Trump and Putin in Budapest for peace talks? Only if invited

Ukrainian President Volodymyr Zelensky has said he would be ready to join Russian President Vladimir Putin and US counterpart Donald Trump at their summit in Hungary if he is invited. Trump and Putin said they would meet in the Hungarian capital, possibly in a matter of weeks, as the US leader continues to try to broker a peace deal to end the three-and-a-half-year war, triggered by Russia’s 2022 invasion. “If I am invited to Budapest – if it is an invitation in a format where we meet as three...

Politics

34 h. ago Chinese Tech Giants Pause Hong Kong Stablecoin Plans After Beijing Intervention

Chinese Tech Giants Pause Hong Kong Stablecoin Plans After Beijing Intervention  Bitcoin.com News

Politics

35 h. ago Winter could arrive early for Beijing as cold spell continues

Winter could arrive early for Beijing as cold spell continues  China Daily - Global Edition

Politics

35 h. ago Hong Kong lawmaker Michael Tien to step down from Legco, Mark Chong to contest

Hong Kong lawmaker Michael Tien Puk-sun has announced that he will not seek another term, becoming the latest veteran to opt out of the Legislative Council election in December. Tien, 75, on Monday said he was ready to step down and pass on the torch, instead of wondering whether to seek re-election again “when I will be 79 or even 83”. He promised to keep contributing to Hong Kong and the country, while continuing to offer guidance on railway policies. Meanwhile, Mark Chong Ho-fung, of the...

Politics

37 h. ago End Russian oil imports or ‘massive’ tariffs will remain, Trump warns India

US President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India would stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not do so. “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing the Russian oil thing,” Trump told reporters aboard Air Force One. Asked about India’s assertion that it was not aware of any conversation between Modi and Trump, Trump replied: “But if they...

Events

37 h. ago India vs China: Valuation meets volatility in Emerging Markets

India vs China: Valuation meets volatility in Emerging Markets  CNBC

Politics

39 h. ago Japanese mum, 34, struggles to raise 6 sons, spends US$4,600 a month on family

A woman in eastern Japan with six handsome sons has been coping with the enormous challenge of spending 700,000 yen (US$4,600) a month to keep her family afloat. Recently, the Japanese variety show Mum’s Secret Garden produced by ABEMA featured the 34-year-old mother. Her name is Monko and she is from Chiba prefecture just east of Tokyo, and she went viral thanks to her beautiful looks. At just 16, she reportedly gave birth to her first son, Ryuki, and dropped out of school to care for...

Economics

39 h. ago Hong Kong exchange sees further growth ahead for record ETF market

Bourse operator Hong Kong Exchanges and Clearing (HKEX) expects its exchange-traded fund (ETF) market to continue growing after hitting record turnover and new listings this year, according to a senior executive. Average daily turnover in ETFs doubled to a record HK$37.8 billion (US$4.8 billion) in the first nine months, as the exchange’s 225 ETFs drew an increasing number of investors from mainland China, Asia, the Middle East and Europe. ETFs are listed index funds that track the performance...

Politics

40 h. ago 2 dead after cargo plane slides off Hong Kong runway, partly lands in sea

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Two people were killed after a cargo plane slid off the north runway of Hong Kong International Airport early on Monday morning, apparently striking a ground vehicle and plunging almost entirely into the sea, police have said. At about 3.50am, Emirates flight EK9788 from Dubai veered off the runway while landing, according to police, who said it is...

Events

40 h. ago 2 dead after Emirates plane veers off Hong Kong runway into sea

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. A cargo plane veered off the north runway of Hong Kong International Airport early on Monday morning, struck a ground vehicle and landed partially in the sea, killing two in the process, with authorities later saying the weather and runway were ‘safe’. At about 3.50am, Emirates flight EK9788 from Dubai swerved off the runway during landing and struck a...

Events

42 h. ago 1 dead after cargo plane slides off Hong Kong runway, partly lands in sea

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. One person was killed after a cargo plane slid off the north runway of Hong Kong International Airport early on Monday morning, apparently striking a ground vehicle and plunging partially into the sea, police have said. At about 4am, Emirates flight EK9788 from Dubai veered off the runway while landing, according to police, who said it is suspected to have...

Events

42 h. ago Developing | 1 dead after cargo plane slides off Hong Kong runway, partly lands in sea

Developing | 1 dead after cargo plane slides off Hong Kong runway, partly lands in sea  South China Morning Post

Events