6 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

11 h. ago Asia week ahead: Key data on China, Japan, South Korea and Taiwan

Asia week ahead: Key data on China, Japan, South Korea and Taiwan  ING THINK economic and financial analysis | ING Think

Politics

13 h. ago Qantas Airways penalises CEO over data breach with bonus cut

Australia’s Qantas Airways said on Friday it had lowered bonuses for its CEO and her team as the airline shoulders responsibility for a hacking incident that breached personal data of millions of customers. Qantas CEO Vanessa Hudson will receive A$6.3 million (US$4.09 million) for the year to June 30, including a short-term bonus of A$2.04 million, trimmed by A$250,000 as part of the penalty, its annual report said. The total pay figure remains a fraction of the A$23.9 million received by former...

Politics

13 h. ago Kim Jong Un’s prominence at China parade raises security concerns: ROK general

Kim Jong Un’s prominence at China parade raises security concerns: ROK general  NK News

Events

14 h. ago China ’s Tourism Sector is Poised to Contribute Forty Two Billion US Dollar in this Year, Driving Domestic Consumption, Economic Growth and Global Travel Influence

China ’s Tourism Sector is Poised to Contribute Forty Two Billion US Dollar in this Year, Driving Domestic Consumption, Economic Growth and Global Travel Influence  Travel And Tour World

Economics

14 h. ago 'Salt Typhoon' attack: How China hackers may have accessed sensitive US data; tapped into power grids

'Salt Typhoon' attack: How China hackers may have accessed sensitive US data; tapped into power grids  The Times of India

Events

15 h. ago China export growth seen slowing in August as US trade truce boost fades

China export growth seen slowing in August as US trade truce boost fades - Reuters poll  Reuters

Politics

16 h. ago Starbucks China valued at about US$5 billion by bidders, sources say

Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5 billion, said two people with knowledge of the discussions. That would make a potential deal one of the most valuable China unit divestments by a global consumer company in recent years. The offers, which have not been reported previously, would let Starbucks push ahead with the sale in a market where it faces sluggish growth and stiff competition from local...

Economics

18 h. ago China’s drone display at Victory Day parade signals new era of air power

Among the many pieces of advanced military hardware showcased during Wednesday’s Victory Day parade in Beijing were at least four unnamed drones, at least one of which was a “loyal wingman”, a stealth attack drone supposedly capable of coordinated aerial warfare alongside crewed jets, according to state broadcaster CCTV. The appearance left military observers to speculate about what they had seen, and raised many new questions. Some experts believe the advanced aircraft are capable of hypersonic...

Events

18 h. ago Beyond the parade, what China’s new stealth drones mean for future air combat

Among the many pieces of advanced military hardware showcased during Wednesday’s Victory Day parade in Beijing were at least four unnamed drones, at least one of which was a “loyal wingman”, a stealth attack drone supposedly capable of coordinated aerial warfare alongside crewed jets, according to state broadcaster CCTV. The appearance left military observers to speculate about what they had seen, and raised many new questions. Some experts believe the advanced aircraft are capable of hypersonic...

Events

21 h. ago Venture firm Lanchi doubles down on Chinese AI, robotics start

Chinese venture capital firm Lanchi Ventures is doubling down on investing in China’s artificial intelligence and robotics start-ups while raising a new fund amid increased global investor appetite for the country’s early-stage tech firms, its executives said. Lanchi Ventures, formerly known as BlueRun Ventures China, would continue to be “all in” on AI and robotics, focusing on AI applications, multimodal AI models and firms targeting overseas markets, managing partner Jui Tan said in an...

Politics

25 h. ago China's hacking machine wants your data and knows how to get it

China's hacking machine wants your data and knows how to get it  Axios

Politics

29 h. ago DPM Gan hails China’s growth potential as he meets top leaders in Beijing

DPM Gan hails China’s growth potential as he meets top leaders in Beijing  The Straits Times

Politics

33 h. ago Indonesian working at Asean body fired for ‘inciting’ police HQ to be burnt

An Indonesian staff member of an Asean parliamentary body has been fired and named a criminal suspect after allegedly posting a video urging protesters to set fire to the national police headquarters in Jakarta, amid escalating unrest triggered by a fatal accident involving a police armoured vehicle. Laras Faizati Khairunnisa, 26, was arrested on Monday and detained a day later following a police investigation into her social media post, which authorities said had incited demonstrators to burn...

Events

34 h. ago A rising stock tide lifts sales of all financial products in Hong Kong

Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub. Sales increased by 40 per cent from 2023 to a record HK$6.07 trillion (US$778.3 billion), according to a survey released on Thursday by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA). As many as 1.2 million...

Economics

36 h. ago Viral video of skateboarders on Hong Kong highway sparks debate over road safety

A video of two young people skateboarding on a highway in Shek Tong Tsui has gone viral online, raising safety concerns and prompting an expert to warn that they may have violated Hong Kong laws. On the popular social media platform Threads, a video showing two young people skateboarding on the Hill Road flyover has gained 312,000 views. The pair wore helmets and gloves while travelling at high speed on the flyover. In the video, the pair are seen sometimes spreading their arms and leaning down...

Transport

36 h. ago Pentagon pizza orders spike at time of Beijing military parade: Chinese outlet

Chinese state media has mocked an apparent spike in pizza orders near the Pentagon during Beijing’s Victory Day parade, suggesting that in the US close attention was paid to the event, which American President Donald Trump called “very, very impressive”. On Wednesday afternoon, Yuyuan Tantian, a social media account affiliated with China’s state broadcaster CCTV, released a video saying customer traffic data from Domino’s near the Pentagon was more than four times its usual level around 9pm, and...

Events

40 h. ago How 2 colours are fuelling Indonesia’s revolt against widening inequality

“RESET SYSTEM” reads graffiti above an intersection in the Javanese city of Yogyakarta, painted hastily in vibrant green and pink after deadly protests swept Indonesia last week. Pink and green have quickly come to symbolise a solidarity movement after violent protests, sparked by discontent over economic inequality and lavish perks for lawmakers, rocked Southeast Asia’s biggest economy. In the capital Jakarta, office worker Dila paused at her desk to apply a bright green and pink filter to her...

Politics

40 h. ago Shein hit with US$175 million fine by French watchdog over cookies

Online fast-fashion retailer Shein received a €150 million (US$175 million) fine on Wednesday from France’s data protection authority over the improper use of cookies, a decision the company contested and said it would appeal. The Commission Nationale de l’Informatique et des Libertés (CNIL), a government body charged with enforcing consumer data protection, said Shein’s website failed to comply with regulations in collecting consumers’ data without consent. When users browsing Shein’s French...

Economics

40 h. ago ‘Unrestrained’ Chinese Cyberattack May Have Stolen Data From Almost Every American

‘Unrestrained’ Chinese Cyberattack May Have Stolen Data From Almost Every American  The New York Times

Events