2 h. ago Singapore’s retail ownership data sparks debate about foreign chains’ influence

When Singapore’s trade minister Gan Kim Yong revealed that locals owned nearly 90 per cent of registered retail businesses in the city state while Chinese nationals came in second at a distant 3 per cent, the figures drew mixed reactions from the public and analysts. The discourse online centred on what the statistics implied – critics felt that though the proportion of foreign-owned entities, especially from China, might be minuscule, most could actually be big brands with multiple outlets,...

Politics

18 h. ago China curbs ‘flash boys’ access to exchange data, sources say

China curbs ‘flash boys’ access to exchange data, sources say  Reuters

Politics

4 d. ago Hong Kong, Shenzhen push secure data corridor to unlock AI and fintech opportunities

Hong Kong and Shenzhen are establishing a white list for data transfers as part of an overarching effort to forge closer cross-border ties, which policymakers and business leaders see as essential to unlocking opportunities in artificial intelligence and fintech in the region. “If you have a white list to facilitate the movement of sensitive data, biological data and samples between Hong Kong and [mainland] China, it would ensure trust between [parties sending and receiving information] because...

Politics

7 d. ago 2 supertankers sailing to pick up Venezuelan oil for China make U

Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the US oil embargo on the Opec country have made U-turns and are now heading back to Asia, LSEG shipping data showed on Monday. Following the US announcement last week of a US$2 billion deal to export up to 50 million barrels of Venezuelan oil stuck in storage, US President Donald Trump said China would not be deprived of Venezuela’s crude. But the Asian country, the first market of the...

Events

2 w. ago Data fraud scandal hits Japan nuclear power plant in megaquake zone

The operator of a nuclear power plant in central Japan said on Monday its employees may have used cherry-picked data for a potential earthquake in quake-resistance tests at the plant to pass the regulatory screening for restart. The Nuclear Regulation Authority said the same day it found “wrongdoing” by Chubu Electric Power in the screening process and halted the review. The incident is a major setback for the Japanese government. Concerns over the safety of nuclear power plants grew strong in...

Events

2 w. ago Oil tankers still arriving in Venezuela despite US blockade, data shows

At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run oil and natural gas company PDVSA’s effort to expand floating storage and keep selling crude even as a US blockade has reduced exports to a minimum. US President Donald Trump this month announced a blockade of all sanctioned vessels going in or out of Venezuelan waters as part of a strategy to pressure Venezuelan President Nicolas Maduro. The US move has...

Events

3 w. ago China warns foreign forces deploy AI deepfakes to stir panic and steal data

Foreign forces have used deepfakes and other artificial intelligence (AI) technologies to create public panic and obtain sensitive information, posing a threat to China’s national security, the country’s top intelligence agency has warned. Deepfake technology, which uses AI’s deep learning algorithms to simulate and forge images, audio and video, can be abused or used maliciously to endanger individual legal rights, social stability and national security, the Ministry of State Security (MSS)...

Events

3 w. ago China warns of foreign forces using AI deepfakes to stir panic and steal data

Foreign forces have used deepfakes and other artificial intelligence (AI) technologies to create public panic and obtain sensitive information, posing a threat to China’s national security, the country’s top intelligence agency has warned. Deepfake technology, which uses AI’s deep learning algorithms to simulate and forge images, audio and video, could be abused or used maliciously to endanger individual legal rights, social stability and national security, the Ministry of State Security (MSS)...

Events