70 m. ago 'Deal with China is done': Trump announces trade pact with Beijing after 2

'Deal with China is done': Trump announces trade pact with Beijing after 2-day London talks  Firstpost

Politics

4 h. ago US$900 million seized as China helps Malaysia dismantle Tedy Teow’s scam empire

Chinese and Malaysian police have seized over 3.8 billion ringgit (US$900 million) of assets – including yachts and property – from a syndicate alleged to have duped millions of people throughout the Asia-Pacific with promises of high-return investments. The Ponzi scheme, which operated mainly in Penang state, is believed to be linked to the MBI Group, started by Malaysian Tedy Teow Wooi Huat, who was extradited to China last year after hiding in Thailand. Seventeen people were arrested last...

Economics

5 h. ago Is acceptance by India’s Modi to attend G7 summit in Canada a ‘Pyrrhic victory’?

Canadian Prime Minister Mark Carney’s invitation to his Indian counterpart Narendra Modi last week to attend the G7 summit starting on Sunday has sparked debate on whether the last-minute request came amid pressure from other countries in the group of rich nations or a sign of a thaw in ties with India. Carney extended the invitation to Modi in a phone call between the two leaders on Friday. Modi has accepted the invitation, saying his meeting with Carney will lead to “renewed vigour” in...

Politics

6 h. ago China and Japan must beat mutual hostility while also handling tariffs: envoy

China and Japan must work hard to improve public opinion towards each other, Japan’s top envoy in Beijing said, as the Asian neighbours move to stabilise ties amid shared concerns about tariffs imposed by US President Donald Trump. “The most difficult aspect of current Japan-China relations is the sentiment between the two peoples and, very unfortunately, there are still some negative perceptions that linger in Japan regarding China, and vice versa in the Chinese society regarding Japan,” said...

Politics

7 h. ago US and China ease trade war tensions by agreeing ‘framework’ truce in London – business live

US and China ease trade war tensions by agreeing ‘framework’ truce in London – business live  The Guardian

Events

9 h. ago Fans of Malaysia’s Rafizi face police probes as internal party feud intensifies

A feud within Malaysia’s ruling party has intensified after supporters of former People’s Justice Party (PKR) deputy president Rafizi Ramli alleged they were targeted by the police over social media posts about last month’s party elections. Rafizi, who served as deputy to Prime Minister Anwar Ibrahim within the party, lost his post in the May 23 internal election to Anwar’s daughter, Nurul Izzah. Her elevation fuelled accusations of growing nepotism in the party, which is helmed by her...

Events

10 h. ago US and China agree on plan to ease export controls after trade talks in London

US and China agree on plan to ease export controls after trade talks in London  CNN

Politics

13 h. ago US, China agree to ’framework’ for trade in London, officials say

US, China agree to ’framework’ for trade in London, officials say  Investing.com

Politics

14 h. ago Chinese surrender! Beijing bigwigs chowed on US fast food at London trade talks: ‘total cultural victory’

Chinese surrender! Beijing bigwigs chowed on US fast food at London trade talks: ‘total cultural victory’  New York Post

Politics

18 h. ago China, US officials agree to ‘framework’ that will need approvals by Xi, Trump

China and the United States wrapped up two days of high-level trade talks in London with an agreement “in principle to a framework” that each side will bring home for review by their top leaders. “The two sides agreed in principle a framework for implementing the consensus” that Chinese President Xi Jinping and US President Donald Trump reached in their phone call last week, and the consensus of high-level bilateral negotiations in Geneva last month, China’s top trade negotiator Li Chenggang...

Politics

25 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

26 h. ago US trade officials mull further rollback of port fee rules – what’s different now?

As the world awaits the outcome of the China-US trade talks in London this week, the US Trade Representative (USTR) has proposed changes to shipping policy – marking another possible rollback from the stricter measures announced in April that aimed to revive the domestic industry and curb China’s shipbuilding dominance. The proposed revisions, issued in a short press release over the weekend, would reduce port fees for car carriers and ease restrictions on liquefied natural gas (LNG) tankers....

Politics

28 h. ago China backs South Africa against ‘hegemony and bullying’ amid US tensions

Beijing is ready to work with South Africa to oppose global “hegemony and bullying”, Chinese Defence Minister Dong Jun said on Tuesday, amid growing tensions between Pretoria and Washington over South Africa’s ties to Russia and controversial US asylum policies. The remarks came during a meeting in Beijing with General Rudzani Maphwanya, chief of the South African National Defence Force, according to a statement released by China’s Ministry of National Defence. It was Dong’s first public...

Events

28 h. ago Malaysia’s Anwar given second chance to prove immunity from sexual assault suit

Malaysian Prime Minister Anwar Ibrahim will be allowed to argue that he has legal immunity from a sexual harassment civil suit after the Court of Appeal ruled in his favour on Tuesday, just days before proceedings were due to start. The suit, brought by Anwar’s former research assistant Muhammed Yusoff Rawther, alleges that Anwar sexually assaulted him in 2018 at the then-opposition leader's private residence. Anwar has denied the allegations. The case risks resurfacing controversies that have...

Events

28 h. ago TikTok adds 500 UK jobs in expansion as US fate remains uncertain

TikTok, the short video app owned by Beijing-based ByteDance, is expanding in the United Kingdom, adding a new office and more than 500 jobs, while its fate in the US remains uncertain as a June 19 sell-or-ban deadline approaches. The new 135,000 sq ft office in Barbican, London, is set to open early next year, according to a statement published on TikTok’s website on Monday. The additional jobs will grow its UK workforce to 3,000 this year, the company said. In addition to its existing 88,500...

Politics

32 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...

Events

33 h. ago China’s $1.1tn asset manager becomes star player on ‘national team’

China’s $1.1tn asset manager becomes star player on ‘national team’  Financial Times

Politics

38 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

44 h. ago US, China Hold Trade Talks in London to Address Export Curbs

US, China Hold Trade Talks in London to Address Export Curbs  Yahoo Finance

Politics

45 h. ago Bloomberg Intelligence: US China Trade Talks Start in London With Aim to Ease Export Curbs

Bloomberg Intelligence: US China Trade Talks Start in London With Aim to Ease Export Curbs  Bloomberg

Politics