5 d. ago US Chamber of Commerce sues Trump administration over US$100,000 H

The largest American business lobbying group filed a lawsuit on Thursday challenging US President Donald Trump’s US$100,000 fee on new H-1B visas for highly skilled foreign workers. The lawsuit by the US Chamber of Commerce, which says it represents 300,000 businesses, is the group’s first against the Trump administration since the Republican president took office for a second term in January. The chamber says in the lawsuit that Trump’s September proclamation imposing the fee on new H-1B visa...

Politics

1 week ago Bitcoin Price Crashes to $108,000 As Trump To Impose 100% Tariffs on China

Bitcoin Price Crashes to $108,000 As Trump To Impose 100% Tariffs on China  Bitcoin Magazine

Economics

2 w. ago Hong Kong’s warehouses find support from demand to store metals and art

The demand for storage of commodities and art is providing a much-needed boost for Hong Kong’s logistics properties, where recovery has lagged behind other commercial real estate segments. New demand from the London Metal Exchange’s (LME) inclusion of Hong Kong in the exchange’s global warehousing network is helping the segment, where 11 licences have been issued to warehouse operators in the city. “New space is being taken from that angle and that’s around 30,000 sq ft to 100,000 sq ft per...

Events

2 w. ago House in Hong Kong’s Clear Water Bay burgled with losses of HK$5 million

A house in Hong Kong’s Clear Water Bay was burgled on Friday morning while its owner was travelling, with an estimated HK$5 million (US$642,530) in cash, handbags, watches and gold bars stolen, the Post has learned. A source told the Post that a safe inside the house had been broken into, with HK$100,000 of cash, an additional HK$500,000 of foreign currency, five designer handbags, five watches and bullion worth HK$1 million stolen. A construction company staff member reported the case to police...

Economics

2 w. ago House in Hong Kong’s Clear Water Bay targeted in HK$5 million burglary

A house in Hong Kong’s Clear Water Bay was burgled on Friday morning while its owner was travelling, with an estimated HK$5 million (US$642,530) in cash, handbags, watches and gold bars stolen, the Post has learned. A source said a safe inside the house had been broken into, resulting in the theft of HK$100,000 in cash, an additional HK$500,000 in foreign currency, five designer handbags, five watches and bullion worth HK$1 million. A construction company staff member reported the case to police...

Economics

2 w. ago Warren Buffett exits BYD, Xiaomi recalls more than 100,000 SU7s: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Warren Buffett exits BYD amid China’s cutthroat EV market Berkshire Hathaway, the investment firm controlled by US billionaire investor Warren Buffett, has liquidated its holdings in Chinese electric vehicle (EV) maker BYD, closing out a 17-year investment run that generated a more...

Events

2 w. ago Japan man earns US$200,000 a year from investments, works as janitor for health.

A man in Japan who earns 30 million yen (US$203,000) a year from rent and investments insists on continuing to work as a janitor to stay healthy and active. Koichi Matsubara, 56, cleans public areas and carries out basic maintenance in a block of flats in Tokyo, according to the Japanese media outlet The Gold Online. Matsubara reportedly works a four-hour shift three days a week. The janitor job gives him a monthly income of 100,000 yen (US$680), much lower than Tokyo’s average salary of 350,000...

Economics

2 w. ago National Day in Hong Kong: city records 100,000 inbound trips during celebrations

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong marks National Day on Wednesday with a range of activities to celebrate the 76th anniversary of the founding of the People’s Republic of China. Chief Executive John Lee Ka-chiu has delivered a speech at a reception at the Hong Kong Convention and Exhibition Centre in Wan Chai, with local and central government officials as well as leading business...

Politics

3 w. ago Hong Kong plans 420,000 homes in next 10 years with 70:30 public

Hong Kong aims to provide 420,000 homes with sufficient land supply over the next decade, maintaining a public-to-private housing ratio of 70:30, according to the latest government projections. This was disclosed as the government released its annual progress report on the long-term housing strategy on Tuesday, revealing it had secured sufficient land to supply 419,100 flats. The total housing supply target is set at 420,000 flats by 2036, including 294,000 for public housing and 126,000 for...

Politics

4 w. ago Chinese tech workers miss mainland wedding, rethink plans amid H

Chinese technology workers in the United States saw their travel plans disrupted and reassessed their future in the world’s biggest economy, after US President Donald Trump signed a proclamation requiring companies to pay US$100,000 per year for new H-1B applications. The policy change, which initially appeared vague on who was responsible for paying the fee, prompted H-1B visa holders Selena Tang and her husband to skip their planned Chinese wedding on Tuesday in Wuxi, in eastern Jiangsu...

Politics

4 w. ago Chinese tech workers miss mainland weddings, rethink plans amid H

Chinese technology workers in the United States saw their travel plans disrupted and reassessed their future in the world’s biggest economy, after US President Donald Trump signed a proclamation requiring companies to pay US$100,000 per year for new H-1B applications. The policy change, which initially appeared vague on who was responsible for paying the fee, prompted H-1B visa holders Selena Tang and her husband to skip their planned Chinese wedding on Tuesday in Wuxi, in eastern Jiangsu...

Politics

4 w. ago Secret Service foils New York telecoms threat ahead of UN assembly

The US Secret Service on Tuesday said it had dismantled a network of more than 100,000 SIM cards that could have crashed New York’s telecommunications network ahead of the UN General Assembly, linking the threat to “nation-state” actors. “In addition to carrying out anonymous telephonic threats, these devices could be used to conduct a wide range of telecommunications attacks,” the agency said in a statement. “This includes disabling cell phone towers, enabling denial of services attacks and...

Events

4 w. ago ‘Final straw’: Chinese workers in US explore fleeing to Europe after H

When Alan, a Chinese national working at a chip company in the San Francisco Bay Area, saw that US President Donald Trump was proposing a US$100,000 payment for H-1B working visas on Friday, he immediately reached out to his friend in Paris. “I cannot take it any more,” Alan, who gave only his English name due to the sensitivity of the topic, wrote in an instant message. “I want to ask you about the work environment in Europe and if their immigration policies are friendly.” Even though the White...

Politics

4 w. ago Warren Buffett Made Billions On Chinese EVs, Here’s His Reason For Selling His Investments

Warren Buffett Made Billions On Chinese EVs, Here’s His Reason For Selling His Investments  The Autopian

Economics

4 w. ago China's BYD Stock Down On Reports Of Warren Buffett's Berkshire Hathaway Sells Out Stake

China's BYD Stock Down On Reports Of Warren Buffett's Berkshire Hathaway Sells Out Stake  RTTNews

Events

4 w. ago Finalist compete for US$14,000 AI prize at Guangzhou’s algorithm competition

The future of artificial intelligence was on display at Guangzhou’s annual Pazhou Algorithm Competition on Monday, where teams from around the world competed to showcase the latest in applications, hardware and AI agents. Some 24 finalists in two categories presented innovations – from unmanned boats and humanoid robots to AI addressing elderly care and surgery – all competing for a top prize of 100,000 yuan (US$14,000) for each category along with valuable data and computing resources to...

Sport

4 w. ago China says ‘outstanding talents’ welcome after Trump’s $100,000 visa fee

China says ‘outstanding talents’ welcome after Trump’s $100,000 visa fee  Anadolu Ajansı

Politics

4 w. ago Warren Buffett’s Berkshire Hathaway exits China’s BYD, filing shows By Reuters

Warren Buffett’s Berkshire Hathaway exits China’s BYD, filing shows By Reuters  Investing.com

Events

4 w. ago Warren Buffett’s Berkshire Hathaway exits China's BYD, filing shows

Warren Buffett’s Berkshire Hathaway exits China's BYD, filing shows  Reuters

Events

4 w. ago Trump’s US$100,000 visa threatens India’s US$280 billion IT sector

Donald Trump’s sticker shock on H-1B visas risks disrupting Indian tech firms’ US projects, and is forcing Prime Minister Narendra Modi to once again deal with the fallout from America First policies. The US president’s order on Friday – which requires a US$100,000 fee for H-1B applications – will hurt margins of Indian outsourcers who use the programme to deploy engineers to client sites. That is a blow to India’s US$280 billion IT services sector, which is already grappling with sluggish...

Politics