2 h. ago Hong Kong manufacturers brace for higher costs as end of trade truce looms

A recent surge in Hong Kong’s exports masks a grim reality for frontline manufacturers, with some facing a sharp drop-off in new orders and bracing for renewed pressure on costs as a 90-day tariff truce between Washington and Beijing ends on Tuesday. Bryant Chan Wan-sing, president of toymaker the Wynnewood Corporation, said the sharp increase in orders during the truce was essentially a reinstatement of ones put on hold or cancelled when tariffs were introduced on US President Donald Trump’s...

Economics

16 h. ago Hong Kong’s Link Asset Management cuts jobs amid retail headwinds

Hong Kong-based Link Asset Management has said it was “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm was conducting lay-offs. Economists said the move by the firm, which owns 150 properties in Hong Kong, mainland China and other countries, could reduce costs and maintain profits amid the sluggish retail sector performance in the city. Link told the Post that its approach remained...

Politics

16 h. ago Chinese scavenger donates tonnes of supplies to flood victims, keeps nothing

A polio-suffering man has once again moved the mainland public by donating tonnes of supplies to the victims of a flood in southwestern China. Hu Lei, 32, who has been dubbed the Kneeling Giant, bought 5,000kg of rice, 500 boxes of instant noodles, 500 bottles of mineral water, 100 torches and 2,000 pairs of gloves at a combined cost of 55,000 yuan (US$8,000). His friends also bought items worth 20,000 yuan (US$3,000). They drove a truck loaded with supplies to flood-hit Rongjiang County in...

Events

19 h. ago KFC, Pizza Hut operator Yum China adopts AI to spur efficiency, profitability

Yum China Holdings, the operator of KFC and Pizza Hut restaurants in mainland China, will further embrace artificial intelligence (AI) to improve operating efficiency and profitability and allow its store managers to focus on customer service. The firm, which introduced its Q-Smart AI-powered assistant in June, was expected to help reduce waste, improve quality and save labour costs, chief technology officer (CTO) Leila Zhang said in an interview. The AI-powered system could help with staff...

Politics

22 h. ago US President’s claim saying no wind power in China refuted and identified as ‘lie’ by netizens on social media

US President’s claim saying no wind power in China refuted and identified as ‘lie’ by netizens on social media  Global Times

Politics

37 h. ago Trump says US and China will hold talks on TikTok deal early next week

US President Donald Trump has reaffirmed his interest in visiting China, while announcing that bilateral talks are set to start early next week on a possible TikTok deal that could determine the future of the popular video-sharing platform. The fate of TikTok, which faces a potential ban in the US over national security concerns, has long been a sticking point in US-China relations. Under a law passed by the US Congress last year, ByteDance Ltd, the Beijing-based parent company of the social...

Politics

38 h. ago China, EU near EV tariff deal, state media says, refutes ‘trade diversion’ fears

China and the European Union have largely finalised the “technical” part of negotiations towards resolving their electric vehicle (EV) tariff dispute, with the deal now hinging on “political will” from the European side, according to Chinese state-affiliated media. Yuyuan Tantian, a social media account linked to state broadcaster CCTV, reported on Friday night that the “technical negotiations” were essentially complete, with only the “final step” remaining. “The key now depends on whether the...

Economics

40 h. ago China talent agent Yang Tianzhen, who works with top stars, pursues US degree

She is one of the biggest names in China’s entertainment industry, and spotting talent is her business. But Yang Tianzhen is now putting her own skills to the test by studying for a master’s degree in the United States. The famous mainland talent agent and entrepreneur is studying global communication and public policy at the University of Southern California (USC). Her switch from the bright lights of the entertainment industry to the hallowed halls of academia has captivated mainland social...

Politics

43 h. ago ‘Risk is very real’: Malaysia’s Anwar gambles on petrol subsidy cuts

Expertly switching between woks as he whips up appam, the coconut and rice batter pancakes that draw morning commuters to his roadside stall in a Kuala Lumpur suburb, Raj Kumar harbours anxieties that simmer away beneath the calm: petrol subsidy cuts are looming and prices may soon rise again. At 44, Raj feels every shift in Malaysia’s rising cost of living – both in the prices he pays for ingredients and the rueful faces of his customers. “Our suppliers raised prices after diesel subsidies were...

Events

45 h. ago China ready to coordinate peace efforts on Ukraine with France – Foreign Minister

China ready to coordinate peace efforts on Ukraine with France – Foreign Minister  Ukrinform

Politics

46 h. ago Hong Kong enterprise’s drive to help ethnic minority groups through sport

A Hong Kong social enterprise is on a mission to help the city’s ethnic minority groups build a career in sports, while also offering culturally and religiously sensitive programmes. Inherited Sports supports ethnic minority communities by helping them qualify as coaches, opening up job opportunities and broadening career prospects. The group has helped 11 men and two women become certified coaches, and later this month will launch its annual programme to teach Muslim women to swim. “Inherited...

Politics

48 h. ago South Korea, Japan step up as US targets China’s shipbuilding – can they succeed?

As the United States vows to curb China’s dominance in shipbuilding – despite its domestic capacity being nearly nonexistent – South Korea and Japan are looking to benefit from the rivalry and reclaim their competitive edge. South Korea’s president, Lee Jae-myung, who took office a month ago, campaigned on supporting the industry – which he described as being “in major crisis”. “Shipbuilding has been a core industry driving Korea’s exports and creating jobs,” he said in a social media post on...

Events

62 h. ago PM’s suspension reignites debate on ‘judicial activism’ of Thailand’s courts

The suspension of Prime Minister Paetongtarn Shinawatra has reignited debate over the Constitutional Court’s growing influence in Thailand’s democratic system, amid concerns electoral mandates risk being curtailed by judicial and conservative power centres. While the court’s decision on Tuesday to suspend Paetongtarn over a leaked phone call with Cambodia’s former leader Hun Sen was framed as a procedural response to an ethics complaint, observers say it fits into a broader trend of...

Events

69 h. ago Tickets for G.E.M.’s 3 shows in Hong Kong mostly snapped up within 30 minutes

Concert tickets for the three shows by Hong Kong singer Gloria Tang Tsz-kei, known as G. E. M., at the Kai Tak Stadium from August 15 to 17 were mostly snapped up within 30 minutes when public sales opened on Friday morning. A Post reporter who visited the HK Ticketing website when sales opened observed that the cheapest seats for the Saturday and Sunday shows on August 16 and 17, which cost HK$680 (US$87) each, were sold out within three minutes. Despite the HK Ticketing website showing that...

Politics

69 h. ago G.E.M. adds fourth Hong Kong concert after tickets for first 3 shows sell out

Hong Kong singer Gloria Tang Tsz-kei, known as G.E.M, has announced an additional show at the Kai Tak Stadium in August, after tickets for her three performances from August 15 to 17 were sold out within an hour on Friday. A Post reporter who visited the HK Ticketing website when sales opened observed that the cheapest seats for the Saturday and Sunday shows on August 16 and 17, which cost HK$680 (US$87) each, were sold out within three minutes. Despite the HK Ticketing website showing that most...

Politics

3 d. ago Japan man sneaks into colleague’s home 20 times, takes photos to get her attention

A man in Japan copied the house key of a colleague, sneaked into her home 20 times and took more than 300 photographs in a bizarre attempt to get her attention. Tokyo office worker Yuki Murai, 27, was described as quiet and reserved, with few social connections at work. About six months ago, a new administrative assistant joined the company where he works. She quickly became popular for her sweet looks and gentle personality. After meeting her at a company dinner, Murai began messaging her...

Politics

3 d. ago Is Japan facing higher risk of drone warfare over Diaoyu Islands?

China could test Japan’s resolve by flying drones near disputed islands in the East China Sea after Tokyo clarified that its military is authorised to shoot down such unmanned aircraft intruding into its airspace, according to analysts. In response to a written query from a lawmaker, the Japanese government affirmed at a cabinet meeting on June 27 that the Self-Defence Forces could take such an action even if foreign drones were not an immediate threat to the country’s security. Ryo...

Events

3 d. ago Congress votes to send 2 million US jobs to China, increase deficit, energy costs

Congress votes to send 2 million US jobs to China, increase deficit, energy costs  Electrek

Politics

3 d. ago Veteran Chinese diplomat warns Trump’s policies risk ‘shared destruction’

The Trump administration’s national security mindset could push humanity towards more conflicts and even “shared destruction”, the head of the Communist Party’s diplomatic arm has warned. Liu Jianchao, who leads the International Department of the party’s Central Committee, pitched China’s vision of international relations – a rejection of the ethos reflected in American foreign policy language – as a viable path to lasting global peace on Thursday. The veteran Chinese diplomat rejected...

Events

3 d. ago Indonesia banks on critical minerals to avert US tariffs – will it work?

Indonesia is banking on its rich reserves of critical minerals to persuade the United States to pull back steep looming tariffs – an offer that could appeal to American strategic interests even as concerns remain about regulatory risks and China’s entrenched role in the country’s mineral supply chains. Coordinating Minister for Economic Affairs Airlangga Hartarto has described Indonesia’s critical minerals proposal as its “second-best offer” to avert a looming 32 per cent tariff under President...

Economics