8 h. ago Tropical Storm Wutip: Hong Kong’s T1 alert to stay in effect most of day

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s weather forecaster has said that the No 1 typhoon warning signal will stay in force for most of Thursday, as squally showers associated with a tropical storm near the coast of Guangdong continue to affect the city. The Hong Kong Observatory issued the signal at 12.40am on Wednesday...

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8 h. ago Tropical Storm Wutip: Hong Kong’s T1 alert to stay in effect for most of the day

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s weather forecaster has said that the No 1 typhoon warning signal will stay in force for most of Thursday, as squally showers associated with a tropical storm near the coast of Guangdong continue to affect the city. The Hong Kong Observatory issued the signal at 12.40am on Wednesday...

Events

8 h. ago Tropical Storm Wutip: Hong Kong’s T1 alert to stay in effect throughout the day

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s weather forecaster has said that the No 1 typhoon warning signal will remain in force throughout Thursday, as squally showers associated with a tropical storm near the coast of Guangdong continue to affect the city. The Observatory said that Tropical Storm Wutip, which is named...

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9 h. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

18 h. ago Rice imports, policy inertia put ‘future of Filipino farming’ at risk: report

The Philippines’ rice industry is in danger of being “drowned out by cheap imports”, according to a new report, with experts also warning that prolonged policy inertia could affect the country’s food security. The report, produced by the Integrated Rural Development Foundation, said policy failures and under-investment had pushed the country’s farming industry into its “most vulnerable position in decades”, according to The Manila Times. The Philippines became the world’s top rice importer in...

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20 h. ago Huawei founder sheds light on China’s strategy to overcome US curbs

Recent comments from Huawei Technologies founder and CEO Ren Zhengfei regarding US chip restrictions have shed light on China’s strategies to overcome Washington’s sanctions, according to analysts. In a front-page interview published on Tuesday by the People’s Daily, the mouthpiece of the Communist Party, the 80-year-old Ren expressed confidence that there was no need to worry about China’s access to advanced chips, asserting that the nation could achieve computing capabilities comparable to the...

Politics

22 h. ago China ‘respects Panama Canal neutrality’ as CK Hutchison ports deal looms

China’s foreign ministry has said it respects Panama’s sovereignty and recognises its canal as a neutral international waterway, after the head of the strategic channel warned that the CK Hutchison ports deal could jeopardise its impartiality. Panama Canal Authority administrator Ricaurte Vasquez said in an interview published on Tuesday that the US$23 billion deal between CK Hutchison Holdings and a consortium led by BlackRock and MSC could result in a concentration of operators that would be...

Politics

22 h. ago China ‘respects Panama Canal neutrality’ amid warning over CK Hutchison deal

China’s foreign ministry has said it respects Panama’s sovereignty and recognises its canal as a neutral international waterway, after the head of the strategic channel warned that the CK Hutchison ports deal could jeopardise its impartiality. Panama Canal Authority administrator Ricaurte Vasquez said in an interview published on Tuesday that CK Hutchison Holdings’ US$23 billion deal to sell its overseas ports to a consortium led by US investment giant BlackRock and shipping firm MSC could...

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25 h. ago Starbucks garners ‘a lot of interest’ in China business stake, chief says

Starbucks garners ‘a lot of interest’ in China business stake, chief says  Financial Times

Politics

26 h. ago How Indonesian fintech firm is bridging funding gaps for women entrepreneurs

Across Indonesia’s vast archipelago, millions of women running small businesses in rural areas remain locked out of traditional banking – a gap increasingly filled by fintech firms offering microloans as economic pressures mount. One of the most prominent players in this space is Amartha, a Jakarta-based lending platform that connects borrowers in remote communities with financial institutions. Founded in 2010, it now counts about 3 million active borrowers – 99 per cent of them women operating...

Economics

27 h. ago China plans to turn Shenzhen into AI and aviation hub amid US sanctions

China has outlined a string of reforms to accelerate the development of hi-tech emerging industries in the city of Shenzhen, as the tech hub in southern China grapples with a barrage of US trade restrictions. The plan focuses on boosting Shenzhen’s ability to create scalable business models in industries such as artificial intelligence and aviation that can be replicated across China, by helping the city cultivate a larger talent pool, expand local companies’ access to financing, and speed up...

Politics

29 h. ago Mobile game advocating Hong Kong independence disappears from Apple’s App Store

A mobile game application banned for advocating Hong Kong and Taiwan independence can no longer be found on Apple’s App Store, according to checks by the Post, following its earlier removal from the Google Play Store. Reversed Front: Bonfire, a war-themed game developed by ESC Taiwan and launched in April, did not appear in search results on Wednesday, despite being available for download on the store the previous day. On Tuesday evening, Hong Kong police warned residents against downloading the...

Events

31 h. ago T1 warning to remain in force as tropical depression brings rain to Hong Kong

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. The No 1 typhoon warning signal issued in the early hours of Wednesday will remain in effect throughout the day, the Hong Kong Observatory has said, as showers hit the city. The weather forecaster issued the standby signal at 12.40am and said it would assess whether to raise it to No 3 in the...

Events

31 h. ago T1 signal to remain in force as Tropical Depression Wutip brings rain to Hong Kong

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. The No 1 typhoon warning signal issued in the early hours of Wednesday will remain in effect throughout the day, the Hong Kong Observatory has said, as showers hit the city. The weather forecaster issued the standby signal at 12.40am and said it would assess whether to raise it to No 3 in the...

Politics

31 h. ago Hong Kong T1 signal to remain in force on Thursday morning as Wutip brings rain

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. The No 1 typhoon warning signal issued early on Wednesday will remain in force overnight and on Thursday morning, the Hong Kong Observatory has said, as showers hit the city. The weather forecaster issued the signal at 12.40am and said it would assess whether to raise it to No 3 on Friday. It...

Politics

40 h. ago In China, fears grow of an EV financial crisis amid pricing war

In China, fears grow of an EV financial crisis amid pricing war  CNBC

Events

43 h. ago Gen. Keane warns China conducting 'most comprehensive penetration' of US society in our 250

Gen. Keane warns China conducting 'most comprehensive penetration' of US society in our 250-year history  Fox Business

Events

45 h. ago Hongkongers warned not to download mobile game ‘promoting secessionist agenda’

Hong Kong police have warned residents against downloading a mobile game application advocating Hong Kong and Taiwanese independence or risk breaking national security laws. The force also said on Tuesday that action had been taken under the Beijing-imposed national security law to allow police to require the relevant electronic platforms to remove access to the game Reversed Front: Bonfire, which was developed by ESC Taiwan and released in April. Individuals who downloaded the app could be...

Events

47 h. ago China’s solar panel makers seek antidote to market ills as glut, price war, tariffs bite

China’s solar photovoltaic (PV) manufacturers are looking for solutions to years of price wars and losses at home amid excess capacity and waning demand as executives gathered in Shanghai to discuss the problems crippling the industry. They will get a chance to gauge the crisis as the financial hub plays host to the SNEC PV+ Photovoltaic Power Conference and Exhibition from Tuesday to Friday. The conference is the largest of its kind, attracting some 3,000 enterprises from more than 100...

Economics

51 h. ago Malaysia’s new luxury tax a hard sell for Anwar as popularity wanes

Many Malaysians may find life’s little indulgences suddenly beyond their reach from next month, when fresh taxes bite on premium goods and services like salmon and silk – and even haircuts – after the cash-strapped government said it would raise revenue from so-called luxury spending. Taxes of between 5 and 10 per cent will be imposed on “discretionary and non-essential goods” as well as financial and beauty services and private education from July 1, the Finance Ministry said in a statement...

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