5 h. ago Navy cartel strike / China power flex / global order : Sources & Methods

Navy cartel strike / China power flex / global order : Sources & Methods  NPR

Events

26 h. ago How an SCO development bank could shift the global financial order

At the 25th Shanghai Cooperation Organisation summit in Tianjin this week, Chinese President Xi Jinping urged member states to accelerate the creation of an SCO development bank, a proposal that could mark a turning point in Asia’s financial landscape. While headlines focused on the high-profile presence of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, Xi’s proposal points to the SCO’s evolution from a security bloc into a financial actor. Xi also pledged US$1.4...

Economics

37 h. ago Malaysia’s Anwar signals support for China’s global vision during 4

Following two days in Tianjin for a regional bloc summit and another day of meetings with top Chinese leaders, Malaysian Prime Minister Anwar Ibrahim stood on the rostrum at Beijing’s Tiananmen Square to witness a spectacular military parade. His appearance underscored Malaysia’s alignment with China’s push for a multipolar global order. Over the past week, China has showcased its growing diplomatic clout and military strength, culminating in Wednesday’s parade, which followed the two-day annual...

Events

38 h. ago Thai Airways defies Chinese tourist slump with global growth

Thai Airways International’s diversified global markets are buffering Thailand’s national carrier from decreasing Chinese tourists to the Southeast Asian country, according to Chief Executive Officer Chai Eamsiri. “It is a different picture between Thailand and Thai Airways,” Chai said in an interview with Bloomberg Television. Lingering safety concerns stemming from news of a failed kidnapping near Thailand’s border with Myanmar of Chinese actor Wang Xing early this year continue to weigh on...

Society

67 h. ago Belgium to recognise Palestinian state, adding to global pressure on Israel

Belgium will recognise a Palestinian state at the UN General Assembly, Foreign Minister Maxime Prevot said on Tuesday, adding to international pressure on Israel after similar moves by Australia, Britain, Canada and France. Under mounting global criticism for its war in Gaza, Israel has been angered by the pledges to formally recognise a Palestinian state at a summit during this month’s UN event. Belgium will join the signatories of the New York Declaration, paving the way for a two-state...

Politics

3 d. ago Lagarde warns Trump’s Fed meddling poses ‘serious danger’ to world economy

The US Federal Reserve losing its independence would pose a “serious danger” to the world, according to European Central Bank (ECB) President Christine Lagarde. But Lagarde told Radio Classique in an interview on Monday that US President Donald Trump would find it “very difficult” to take control of the US central bank, citing legal precedents that prevent the removal of Fed governors. “If he did manage to do so, I think it would pose a very serious threat to the US economy and the global...

Events

3 d. ago Ballet inspired by Hong Kong kung fu legend Bruce Lee set for global spotlight

The Hong Kong Ballet will launch a new performance inspired by local kung fu legend Bruce Lee and present it on the global stage, the leading dance company has revealed, as part of the city’s efforts to share “authentic” cultural stories with the world. Septime Webre, artistic director of the Hong Kong Ballet, highlighted the plan during a panel discussion on Monday at the Redefining Hong Kong conference on Culture, Sports and Tourism, hosted by the South China Morning Post. “This is the kind of...

Politics

4 d. ago Hong Kong Watch & Clock Fair returns as a stage for global names and independent brands 

[The content of this article has been produced by our advertising partner.] When the 44th Hong Kong Watch & Clock Fair and the 13th Salon de TIME open their doors this September at the Hong Kong Convention and Exhibition Centre, not only will they showcase the artistry of global luxury names but also the resilience and creativity of independent watchmakers.  For independent brand creators, in particular, the event offers a rare chance to gain visibility, connect with international buyers and...

Politics

5 d. ago A new model for peace? China takes its Global Security Initiative to Africa

When more than two dozen officers from the Somali National Armed Forces were awarded Chinese training scholarships this month, Beijing’s ambassador to Somalia Wang Yu assured them and the rest of the country that “China will not be absent” in helping the East African country achieve peace. Since the 1991 overthrow of president Siad Barre, Somalia has been plagued by civil war and conflict with extremist groups such as al-Shabab. The training aims to help Somalia build a self-reliant defence...

Events

6 d. ago Can China’s US$22 trillion savings and global investors propel markets higher?

In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign that the rally could continue as overseas investors returned to the nation’s onshore and offshore equities, which are worth a combined US$20 trillion. The Switzerland-based investment director at GAM...

Economics

6 d. ago China’s retail investors armed with US$22 trillion are key to markets’ fortunes

In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here. When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign that the rally could continue as overseas investors returned to the nation’s onshore and offshore equities, which are worth a combined US$20 trillion. The Switzerland-based investment director at GAM...

Economics

7 d. ago Hong Kong could attract big spenders ‘with global sports events for various ages’

Hong Kong could attract more high-spending visitors by hosting international sporting games for young, middle-aged and elderly competitors, a think tank has said, calling on authorities to establish a certification system to help fund innovative and emerging events. Our Hong Kong Foundation on Thursday released a research report on developing the city into a “mega sports events capital”. The proposals included setting up a special label for emerging events that would be subject to a funding cap...

Politics

7 d. ago XtalPi’s 615% jump in drug revenue highlights China’s biotech boom

Shenzhen-based XtalPi posted a 615 per cent surge in first-half revenue from its drug-discovery business following a blockbuster deal that highlighted China’s growing importance as a source of biotechnology innovation for the global pharmaceutical industry. Revenue from drug discovery soared to 435 million yuan (US$61 million) in the first half after the company collected the first US$51 million from an August agreement with US-based DoveTree, according to its earnings announcement on Wednesday....

Events

9 d. ago Hong Kong fund, Beijing academy team up to hunt for AI global talent

Hong Kong’s government-owned wealth fund has partnered with one of China’s leading artificial intelligence agencies to attract global talent to the city, as it strengthens its commitment to transform into a technology hub. As part of the inaugural AI Global Talents Connect initiative, the Hong Kong Investment Corporation (HKIC) would collaborate with the Beijing Academy of Artificial Intelligence (BAAI) to establish an “international hub for AI talent”, the two organisations said on Tuesday. The...

Politics

9 d. ago Hong Kong fund, Beijing academy team up to hunt for global AI talent

Hong Kong’s government-owned wealth fund has partnered with one of China’s leading artificial intelligence agencies to attract global talent to the city, as it strengthens its commitment to transform into a technology hub. As part of the inaugural AI Global Talents Connect initiative, the Hong Kong Investment Corporation (HKIC) would collaborate with the Beijing Academy of Artificial Intelligence (BAAI) to establish an “international hub for AI talent”, the two organisations said on Tuesday. The...

Politics

1 week ago Hong Kong ombudsman creates global academy to help fight sloppy administration

Hong Kong’s ombudsman has established an international academy to help prevent maladministration, as a minister urged officials to respond to residents’ complaints with an “open mindset” and turn them into momentum for improvement. The Hong Kong International Ombudsman Academy would take the form of an online platform offering thematic events for government departments, public organisations and overseas watchdog organisations, officials said on Monday. “The academy provides an interactive...

Politics

1 week ago Alaska summit heralds change of direction for global diplomacy

When Russian President Vladimir Putin met US President Donald Trump on August 15, in Anchorage, Alaska, the geographic significance of the event was not lost on Russian observers. Putin became the first Russian leader to visit the former colony at a time when the Arctic is a high priority in Russia’s foreign policy strategy. However, the summit itself was an anticlimax. Peace in Ukraine remained postponed; there was a meagre readout and the delegation lunch was cancelled. As Putin remarked...

Politics

1 week ago Hong Kong seeks inclusion in trademark treaty to boost IP economy, global reach

Hong Kong has asked Beijing to include the city in an international trademark treaty as it makes a greater push into the intellectual property (IP) economy and expands into overseas markets amid geopolitical uncertainties, the commerce minister has told the Post. In a wide-ranging interview on Friday, Secretary for Commerce and Economic Development Algernon Yau Ying-wah said challenges in the global economy caused by US-China trade tensions and the war in Ukraine meant that both the Hong Kong...

Politics

1 week ago How will China assert its diplomatic clout at SCO summit amid global challenges?

China is gearing up for an intense week of diplomacy as it finalises preparations for the Shanghai Cooperation Organisation summit in Tianjin this month, followed by a grand military parade in Beijing to commemorate the end of World War II. All eyes will be on how China asserts its diplomatic clout and positions itself as a world power to be reckoned with at a time when global geopolitical tensions are on the rise. On Friday, China’s foreign ministry officially announced a list of more than 20...

Politics

2 w. ago In major escalation, Israel begins new Gaza City offensive, amid ceasefire calls

Israel hammered Gaza City and its outskirts overnight, residents said on Thursday, after the defence ministry approved an expanded offensive to target the remaining Hamas strongholds in the strip. The newly approved plan authorises the call-up of roughly 60,000 reservists, deepening fears the campaign will worsen the already catastrophic humanitarian crisis in the Palestinian territory. “We are not waiting. We have begun the preliminary actions, and already now, IDF (army) troops are holding the...

Politics