2 h. ago US’ Venezuela raid shows geopolitics is now a contest between economic blocs

The latest developments in Venezuela are interpreted as part of a broader US strategy to secure access to major oil resources. They are much more than that: the US raid signals a transformation in the global economy wherein a country’s power is increasingly determined not by its political actions, but by its capacity to embed resource wealth within a self-sustaining production system. These deeper processes did not begin today, but rather around 2008-2009 when, according to an integrated...

Politics

2 h. ago How can China help Uruguay battle beetles threatening to invade South America?

A tiny but destructive invader is threatening South America, and Uruguay’s iconic palm trees are on the front line. Since 2022, the National Emergency System in coordination with agricultural agencies and with operational support from the air force, has struggled to contain the red palm weevil outbreak, prompting them to call scientists to help. Experts from the Technological University of Uruguay (UTEC) stepped in with an innovative detection strategy using drones and aerial imaging, but...

Events

5 h. ago China actress loses brand partners for saying ‘hundreds of thousands’ a month is not enough

A Chinese actress has apologised for making comments in which she flaunted her wealth, sparking a public backlash. Yan Xuejing made the controversial comments during a live-streaming session at the end of December when she said a couple should earn at least 800,000 yuan (US$115,000) a year to “maintain a family’s operation”, China Newsweek reported. Yan, 53, complained to her audience that her son earns little. “He is 32 years old. He and his wife both have a very low income,” said Yan. She...

Politics

5 h. ago Beijing pours cash into Belt and Road financing in global resources grab

Beijing pours cash into Belt and Road financing in global resources grab  Financial Times

Economics

6 h. ago Hong Kong steps up bid to become global gold trading hub with Shanghai agreement

Hong Kong will sign an accord with Shanghai next week to establish a cross-border gold trade clearing system, a move the financial chief says will bolster the city’s push to become an international gold trading hub. Financial Secretary Paul Chan Mo-po revealed on Sunday that the city and the Shanghai Gold Exchange would sign a memorandum of understanding at the 19th Asian Financial Forum next week to pave the way for greater connectivity between the two markets. “We are accelerating the push to...

Politics

8 h. ago Beijing’s first snowfall of 2026 continues as nationwide cold wave possibly brings widespread snow and ice

Beijing’s first snowfall of 2026 continues as nationwide cold wave possibly brings widespread snow and ice  Global Times

Politics

8 h. ago Trump’s Greenland bid might force EU to stop placating him and fight back

US President Donald Trump’s fixation on Greenland offers an ice-cold reminder to leaders in Europe and abroad: no deal is ever final. Trump announced a 10 per cent tariff, rising to 25 per cent in June, on eight European nations, including Denmark, for saying they would undertake token Nato military exercises in Greenland in response to US sabre-rattling. While the tariffs are not certain to take effect, the threat was a brazen escalation and insult to close US allies, trampling over the US-EU...

Politics

9 h. ago This year, Hong Kong must resolve to rewrite the script for retirement

Looking back at 2025, the city made meaningful strides in supporting its retirees. The government expanded the Elderly Health Care Voucher and Community Care Service Voucher schemes, and invested HK$2 billion (US$256.47 million) in an elderly and rehabilitation technology fund. It also announced 30 measures for the silver economy and formed the Working Group on Ageing Society Strategies to improve cross-bureau coordination. These efforts helped launch the long-awaited Q-Mark Silver Scheme,...

Politics

11 h. ago Trump wants nations to pay US$1 billion to stay on his Board of Peace

The Trump administration is asking countries that want a permanent spot on his new Board of Peace to contribute at least US$1 billion. According to a draft charter for the proposed group seen by Bloomberg, US President Donald Trump would serve as its inaugural chairman and would decide on who is invited to be members. Decisions would be taken by a majority, with each member state present getting one vote, but all would be subject to the chairman’s approval. “Each Member State shall serve a term...

Economics

12 h. ago China Just Applied To Launch 200,000 Satellites, Over Ten Times More Than Even Exist Right Now

China Just Applied To Launch 200,000 Satellites, Over Ten Times More Than Even Exist Right Now  Jalopnik

Politics

18 h. ago Trump hits Denmark and other Nato allies with tariffs to force Greenland sale

US President Donald Trump said on Saturday that he would charge a 10 per cent import tax starting in February on goods from eight European nations, all Nato members, because of opposition to US control of Greenland. He said in a social media post that Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland would face the tariff, which would be raised to 25 per cent on June 1 if a deal was not in place for “the Complete and Total purchase of Greenland” by the...

Politics

18 h. ago Trump hits Denmark and 7 other Nato allies with tariffs to force Greenland sale

US President Donald Trump said on Saturday that he would charge a 10 per cent import tax starting in February on goods from eight European nations, all Nato members, because of opposition to US control of Greenland. He said in a social media post that Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland would face the tariff, which would be raised to 25 per cent on June 1 if a deal was not in place for “the Complete and Total purchase of Greenland” by the...

Politics

19 h. ago 2 Hong Kong pupils take top prizes in first global youth storytelling competition

Two Hong Kong students secured championship titles on Saturday in the first storytelling competition for global youth, delivering impassioned speeches on education and AI before an audience of about 100 people. Vanessa Jane Wong, a Form Four pupil from the Independent Schools Foundation Academy, won the top award in the senior category, while Wan Ruixi, a Form Two student from Hong Kong University Graduate Association College, took the junior prize. Organised by the South China Morning Post and...

Politics

19 h. ago Gold retreats as Fed chair uncertainty weighs on markets; silver tumbles on China trading curbs

Gold retreats as Fed chair uncertainty weighs on markets; silver tumbles on China trading curbs  KITCO

Politics

22 h. ago Chinese, Japanese groups issue joint call for Japan to return Tang dynasty stele

Chinese researchers and Japanese activists have renewed calls for Japan to return a Tang dynasty relic looted over 120 years ago. The effort to recover the Tang Honglu Well Stele comes amid rising regional tensions and Beijing’s ongoing national campaign to reclaim cultural heritage. Shanghai University’s Research Centre for Chinese Relics Overseas and Japanese cultural groups issued a joint declaration on Friday urging Tokyo to “correct historical errors” and return the stone monument, Chinese...

Politics

23 h. ago Hong Kong public hospital pricing reform slashes less urgent A&E visits by 24%

Hong Kong’s health minister has revealed that the number of less urgent patients seeking treatment at public hospital accident and emergency (A&E) departments has dropped by 24 per cent in the first 10 days of a new pricing regime. Secretary for Health Lo Chung-mau also said in a television interview on Saturday that authorities had so far approved 60,000 people for fee waivers, with about 80 per cent processed on the same day of application. Under a public hospital fee overhaul implemented on...

Politics

24 h. ago China’s AI and EV boom drives record power demand, widening energy gap with US

China’s total electricity consumption hit a record high of 10.4 trillion kilowatt-hours (kWh) in 2025, more than double that of the US, the National Energy Administration (NEA) said on Saturday. The 5 per cent jump from the previous year marked the first time in China’s history that annual electricity consumption had surpassed 10 trillion kWh – the highest in the world and more than the combined total of the European Union, Russia, India and Japan, state broadcaster CCTV said, citing NEA...

Politics

24 h. ago As Trump urges cap on credit card rates, could China follow suit for online loans?

US President Donald Trump’s call for American credit card interest rates to be capped at 10 per cent for a year has sparked a debate in China about whether Beijing should impose a similar limit on online loans. The discussion comes as many in China – especially younger people – are being enticed by credit offers amid a weak job market and a boom in online loan services. “Apps now keep luring young people into borrowing,” a finance blogger with nearly 500,000 followers wrote in a social media...

Politics

25 h. ago Chinese man earns US$39,000 in 2 years teaching adults to ride bicycles amid surging demand

A master’s degree student in China, who has taught hundreds of adults and children to ride bicycles over the past two years and earned 270,000 yuan (US$39,000) from it, recently went viral on social media. The man, whose surname is Li, is a third-year master’s degree candidate at Shanghai University of Sport (SUP) majoring in sports education, as reported by the news outlet The Cover. Li shared that years ago, he and a friend recognised the demand for bike-riding instruction and decided to...

Politics

29 h. ago What Trump’s visa pause means for Southeast Asia and US regional priorities

The inclusion of four Southeast Asian nations in the United States’ 75-country visa suspension has thrown up questions over Washington’s foreign policy approach, including its interest in the region. Cambodia, Myanmar, Laos and Thailand are among countries affected by the indefinite suspension, set to take effect on January 21, as the Donald Trump administration continues to roll out punitive measures to drastically restrict immigration. The list, released by the US Department of State on...

Politics