2 h. ago Eye on the prize: bags of rice, daily essentials up for grabs at Japanese arcade

An amusement centre in Japan is drawing crowds by offering bags of rice as claw machine prizes – a quirky marketing move that has struck a chord with consumers grappling with rising food costs. Since late May, the arcade in Kawagoe city, Saitama prefecture, has stocked its machines with 900-gram bags of rice to entice players with a shot at winning an increasingly expensive daily staple. The rice bags are the latest additions to the prizes customers can win at the machines. Over the past six...

Politics

3 h. ago UK borrowing costs plunge as labor market cools and spending review looms

UK borrowing costs plunge as labor market cools and spending review looms  CNBC

Economics

3 h. ago ‘Chaotic era’: Chinese state media say LA protests are proof of a broken America

Chinese state media have sought to portray the escalating Los Angeles protests against President Donald Trump’s immigration policies as proof of a broken government and the lack of social cohesion in the United States. Such a framing, alongside a mix of gloating and schadenfreude on Chinese social media, comes amid sustained US-China tariff tensions and ongoing high-level trade talks in London. The state-backed Beijing Youth Daily, in a commentary published on its social media page on Tuesday,...

Events

3 h. ago India expected to maintain robust growth despite Pakistan tensions, trade woes

India is poised to remain the world’s fastest-growing major economy this year, analysts have said, with a recent jumbo rate cut by its central bank expected to boost consumption and investment, even as the country contends with fresh military tensions with Pakistan and an uncertain global trade environment. The Reserve Bank of India (RBI) last week delivered a larger-than-expected interest rate cut of 50 basis points and reduced the cash reserve ratio – the minimum amount of capital banks must...

Events

3 h. ago Trump tariffs latest: FTSE 100 closes in on record high amid US

Trump tariffs latest: FTSE 100 closes in on record high amid US-China trade talks  The Telegraph

Politics

4 h. ago A quantum leap: Chinese institute begins photonic chip production

An institute affiliated with Shanghai Jiao Tong University has commenced production of photonic chips, marking a milestone in China’s semiconductor sector and providing a boost to the country’s quantum computing capabilities in spite of increased US export controls. The Chip Hub for Integrated Photonics Xplore (CHIPX), located in Wuxi in eastern Jiangsu province, now produces 6-inch thin-film lithium niobate photonic chip wafers, according to local authorities. The development underscores...

Politics

5 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

5 h. ago Extravagant Chinese TV host Li Xiang mingles with royalty, spends US$10,000 on food

A popular Chinese television host has sparked fresh online controversy after it was revealed that the sticky rice dumplings she ate during the Dragon Boat Festival cost 1,000 yuan (US$140) each. Li Xiang, 49, who was born in Hunan province, central China, first rose to fame in 1997 as the host of the hit variety show Happy Camp. In the 2000s, she won the Most Popular Host award three times and received the Golden Mic Award, the highest honour for television anchors and hosts in China. As her...

Economics

6 h. ago China delays decision in EU pork import case amid EV tariff talks

China delays decision in EU pork import case amid EV tariff talks  Reuters

Politics

8 h. ago Pressured by US tariffs, Chinese exports expand in Vietnam, Thailand, Indonesia

Chinese exports to major industrial centres in Southeast Asia rose by double-digit percentages in the first five months of the year to satisfy growing consumer markets, feed offshore factory investments and offset losses from high US tariffs. Shipments to factory-magnet Vietnam increased by 18.8 per cent from January to May, compared with the same period in 2024, according to official data released on Monday. Meanwhile, exports to Thailand grew by 20.9 per cent, and Indonesia took 16.8 per cent...

Events

12 h. ago As 2 Hong Kong art chiefs step down, what’s next for city’s culture scene?

Para Site and Asia Art Archive (AAA), two long-standing independent cultural institutions in Hong Kong, are simultaneously seeking new executive directors at a pivotal moment for the city’s cultural scene. On June 2, Para Site in Quarry Bay announced that Billy Tang had stepped down as executive director and curator after concluding his three-year contract. The British-born former senior curator of Shanghai’s Rockbund Art Museum took over from Cosmin Costinas – who had run Para Site for 11 years...

Culture

16 h. ago Chinese stocks ‘not particularly cheap’ with weak earnings power, JPMorgan says

Chinese equities are not as cheap as they seem because the nation’s economic slowdown has weakened corporate earnings, making it imperative for investors to screen stocks and sectors carefully to pick winners, according to JPMorgan Asset Management. While they traded at 14 times historic earnings in line with the average valuation over the past decade, investors were getting less oomph from the current scenario because the return on equity was faltering due to weaker profitability trend, said...

Politics

16 h. ago China's electric cars are cheaper, but is there a deeper cost?

China's electric cars are cheaper, but is there a deeper cost?  BBC

Politics

17 h. ago ‘Irresistible trend’: why Chinese firms are rushing to open factories in Hungary

When Agosto Bodo took a job at a Chinese law firm’s Budapest office last year, he found himself catapulted into the centre of a China-fuelled investment boom. Yingke Law Firm, a major player in Chinese corporate law, had opened the new office to serve a wave of Chinese companies looking to open factories in Hungary. And the business was quickly gaining momentum. “We helped our clients with sourcing labour, looking for offices – we provided the whole service to help them overcome the language and...

Politics

22 h. ago Import cargo levels may surge during tariff pause with China, others

Import cargo levels may surge during tariff pause with China, others  Talk Business & Politics

Transport

23 h. ago Bitcoin surges to $108,000 as top US and Chinese officials meet to discuss tariffs

Bitcoin surges to $108,000 as top US and Chinese officials meet to discuss tariffs  Fortune

Politics

23 h. ago Hong Kong tourism sector urged to provide packages, discounts for National Games

Hong Kong’s tourism sector should consider offering promotional packages including hotel discounts to spectators at the coming National Games, which the city will co-host in November, authorities have said. Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui said on Monday that a unified ticket sales platform would be used for all Games events to be held in Guangdong province, Hong Kong and Macau, with more details to be announced soon. She said once the Guangdong Provincial Executive...

Politics

24 h. ago Over 70 Organizations Across Multiple Sectors Targeted by China

Over 70 Organizations Across Multiple Sectors Targeted by China-Linked Cyber Espionage Group  The Hacker News

Events

24 h. ago Trump tariffs latest: Musk row with Trump is ‘damaging’ Tesla, warns Wall Street

Trump tariffs latest: Musk row with Trump is ‘damaging’ Tesla, warns Wall Street  The Telegraph

Events

24 h. ago Slain Hong Kong model Abby Choi ‘took advantage’ of rich husband, court hears

The former mother-in-law of slain Hong Kong socialite Abby Choi Tin-fung feared the model’s disappearance two years ago would expose how the deceased had financially exploited her wealthy husband, a court has heard. Jenny Li Sui-heung, 65, told the District Court on Monday that she thought it was “shameful” to talk to police about the “chaotic” relationship between Choi, her husband Chris Tam and ex-husband Alex Kwong Kong-chi after the model went missing on February 21, 2023. The defendant, who...

Events