18 m. ago China’s biotech industry is gaining on the US. Can tariffs hold them back?

In the summer of 2015, a time when China’s pharmaceutical market was in a phase of rapid expansion, a sudden regulatory change sent tremors through the industry: drug companies would need to audit the clinical trial data for all pending applications. If withdrawn within a month of the announcement, firms could avoid penalties for submitting flawed applications, but hiding or falsifying data would court severe punishments, including multi-year filing bans. The response from the industry indicated...

Economics

3 h. ago How significant is Xi, Putin and Kim’s first meeting in Beijing?

How significant is Xi, Putin and Kim’s first meeting in Beijing?  Al Jazeera

Politics

8 h. ago Wall Street climbs to new highs on hopes of interest rate cuts

US stocks are rising to more records on expectations that the Federal Reserve will have to cut interest rates soon to help the economy. The S&P 500 climbed 0.4 per cent on Friday. The Dow Jones Industrial Average added 93 points, and the Nasdaq composite gained 0.7 per cent. The action was much stronger in the bond market, where Treasury yields tumbled following the latest weaker-than-expected update on the US job market. That raised expectations for a cut to rates by the Fed later this month....

Politics

8 h. ago US stocks wobble as Wall Street wrangles with whether job market is too weak

US stocks wobbled lower on Friday as Wall Street questioned whether the US job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way. After rising to an early gain, the S&P 500 erased it and fell 0.3 per cent below the all-time high it set the day before. The Dow Jones Industrial Average dropped 220 points, or 0.5 per cent, after swinging between an early gain of nearly 150 points and a loss of 400....

Politics

8 h. ago Hiring stalls as US firms hold back expansion amid economic uncertainty

US employers added just 22,000 jobs last month as the labour market continued to cool under uncertainty over President Donald Trump’s economic policies. The Labor Department said on Friday that hiring decelerated from 79,000 in July and came in below the roughly 80,000 economists had expected for August. The unemployment rate ticked up to 4.3 per cent, also worse than expected and the highest level since 2021, the Labor Department reported on Friday. When the department put out a disappointing...

Economics

9 h. ago Beijing’s power display spells danger | Red Hot Takes (Video)

Beijing’s power display spells danger | Red Hot Takes (Video)  New York Post

Politics

9 h. ago China, Pakistan pledge stronger tech and trade cooperation amid US charm offensive

China and Pakistan have pledged to expand trade and deepen technological cooperation in areas ranging from agriculture to space exploration, at a time when Islamabad is warming to the United States. During a meeting on Thursday with Pakistani Prime Minister Shehbaz Sharif, Premier Li Qiang said Beijing would advance the second phase of the China-Pakistan Economic Corridor (CPEC), a flagship infrastructure project under the Belt and Road Initiative. “Global instability and uncertainty have grown...

Politics

10 h. ago Taiwan holds back on penalties for Victory Day parade supporters

Taipei authorities have taken a softer line on Taiwanese individuals attending Beijing’s Victory Day military parade this week, despite repeated warnings in the weeks leading up to the event. Former Kuomintang (KMT) chairwoman Hung Hsiu-chu defied the warnings and appeared on the rostrum overlooking Tiananmen Square on Wednesday, watching the parade marking the 80th anniversary of the end of World War II. The next day, Liang Wen-chieh, deputy minister of Taiwan’s Mainland Affairs Council, said...

Politics

10 h. ago Tesla to award Musk an unparalleled $1 trillion depending on performance

Tesla’s board has proposed a US$1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere US$56 billion – continues. The regulatory filing puts Musk on a different plane...

Events

10 h. ago Tesla to award Musk an unparalleled US$1 trillion depending on performance

Tesla’s board has proposed a US$1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere US$56 billion – continues. The regulatory filing puts Musk on a different plane...

Events

10 h. ago China’s cities feed the AI monster with dedicated services for economic roar

China’s city governments are racing to stake out a role in artificial intelligence, with Wenzhou this week becoming the nation’s first to set up a dedicated bureau for AI-related matters – underscoring how local officials are ramping up efforts amid Beijing’s push to gain an edge in the AI race with the United States. Authorities in Wenzhou, located in the provincial economic powerhouse of Zhejiang, announced the bureau’s formation at a high-profile AI Innovation and Development Conference on...

Economics

11 h. ago Analysts mixed on outlook for Sun Hung Kai Properties’ shares

Analysts said they had mixed views about Sun Hung Kai Properties’ (SHKP) shares after Hong Kong’s largest property developer by market capitalisation reported a slight increase in its full-year earnings. On Friday, Morningstar cut its price target for SHKP to HK$105 from HK$115, but said the company was trading at a good discount. UOB Kay Hian and Morgan Stanley said the earnings were largely in line with expectations. The US investment bank had an overweight recommendation and expected earnings...

Politics

11 h. ago China's Xi flexes diplomatic clout with Putin, Kim at Beijing parade | Daily Sabah

China's Xi flexes diplomatic clout with Putin, Kim at Beijing parade | Daily Sabah  Daily Sabah

Politics

11 h. ago Kim Jong Un's trip to China marks transformation from shunned pariah to confident diplomat

Kim Jong Un's trip to China marks transformation from shunned pariah to confident diplomat  Beaumont Enterprise

Politics

13 h. ago Chinese man detained for ‘inappropriate comments’ about Victory Day parade

A man in the central province of Hubei was detained for allegedly making “inappropriate comments” about China’s Victory Day military parade and spreading rumours. According to cyber police in the city of Xiangyang, the 47-year-old man, surnamed Meng, made slanderous and derogatory remarks on Wednesday while commenting on a social media post about the parade held in Beijing to mark the 80th anniversary of the end of World War II. When others expressed patriotic sentiment, Meng “insulted them and...

Politics

14 h. ago China closes biotech gap with US as new drugs, pipelines top 30% of global total

China’s push to become a biotech powerhouse is paying off, with innovative R&D pipelines and newly approved drugs accounting for over 30 per cent of the global total, according to the country’s top economic planner. The sector was showing strong momentum, said Xiang Libin, deputy chairman of the National Development and Reform Commission (NDRC), who cited the figures at the 17th China Bioindustry Convention in Wuhan, Hubei province, on Thursday. China’s bioeconomy, encompassing the research,...

Events

15 h. ago ByteDance moves chip staff to Singapore unit in internal rejig

ByteDance has transferred its semiconductor team, comprising about 1,000 employees, to an existing Singapore-incorporated subsidiary, Picoheart (SG) – a change that was reflected in the internal directory – according to the company and staff. The Beijing-based company notified affected employees last week about the transition and moved their internal messaging accounts on the enterprise collaboration tool Feishu – known internationally as Lark – to a separate entity this week, said a source who...

Politics

15 h. ago Chinese Funds Look to Beijing to Engineer Rally That Keeps Going

Chinese Funds Look to Beijing to Engineer Rally That Keeps Going  Yahoo Finance

Politics

15 h. ago Putin says planned gas pipeline to China will be mutually beneficial, use market price formula

Putin says planned gas pipeline to China will be mutually beneficial, use market price formula  Reuters

Politics

15 h. ago Ukraine’s drone pilots are ‘killing for points’ as war becomes gamified

Rubik, a Ukrainian military drone pilot, had tracked the every move of one particular Russian soldier for weeks, with the promise of earning at least six points for killing him. In a war increasingly dominated by drones, Ukraine’s military has launched a new score-based purchasing system for units to replenish their stocks, and Rubik - his military nickname - was looking to help his brigade cash in. On the “Brave1” platform launched by Ukraine’s digital transformation ministry, new drones for...

Events