2 h. ago Canada’s Carney unveils billions in relief hit by Trump and China tariffs

Canadian Prime Minister Mark Carney on Friday rolled out a multibillion-dollar relief package for businesses battered by tariffs imposed by both the US and China. Carney said his government will invest C$5 billion (US$3.6 billion) through a new fund to help firms adapt, diversify and grow, as well as boost Business Development Bank of Canada loans for small and medium-sized businesses and expand a loan facility for tariff-hit large enterprises. He also said his government would waive 2026 model...

Politics

2 h. ago China’s military parade: Some cause for concern, but mostly show

China’s military parade: Some cause for concern, but mostly show  Straight Arrow News

Events

3 h. ago Navy Seals killed North Korean civilians in botched 2019 mission: US report

US Navy Seals shot and killed a number of North Korean civilians during a botched covert mission to plant a listening device in the nuclear-armed country during high-stakes diplomatic negotiations in 2019, The New York Times reported on Friday. Citing unidentified sources, including current and former military officials with knowledge of the still-classified details, the newspaper said US President Donald Trump approved the operation during his first administration, as he was involved in...

Events

4 h. ago Trump says U.S. 'lost' Russia, India to 'deepest, darkest, China' after 3 leaders met at Chinese summit

Trump says U.S. 'lost' Russia, India to 'deepest, darkest, China' after 3 leaders met at Chinese summit  Spectrum News

Politics

5 h. ago Google hit with US$3.45 billion EU antitrust fine over adtech practices

Alphabet’s Google was hit with a €2.95 billion (US$3.45 billion) EU antitrust fine on Friday for anticompetitive practices in its lucrative adtech business, marking its fourth penalty in its decade-long fight with EU competition regulators. The move by the European Commission was triggered by a complaint from the European Publishers Council and comes amid a threat by US President Donald Trump to retaliate against the European Union for any push against Big Tech. The EU competition enforcer had...

Economics

5 h. ago EU hits Google with US$3.45 billion fine, drawing tariff threat from Trump

The EU on Friday slapped Google with a massive €2.95 billion (US$3.45 billion) antitrust fine for favouring its own advertising services, drawing a furious rebuke from US President Donald Trump and a threat of fresh tariffs against Europe. Google vowed to appeal the decision by the European Commission, which accused the US firm of distorting competition in the 27-nation bloc. “Google abused its dominant position in adtech, harming publishers, advertisers, and consumers. This behaviour is illegal...

Economics

6 h. ago Looks like we have lost India and Russia to deepest, darkest China: Trump

Looks like we have lost India and Russia to deepest, darkest China: Trump  The Indian Express

Politics

6 h. ago Why China and Russia are unlikely to move the Power of Siberia

Why China and Russia are unlikely to move the Power of Siberia-2 pipeline forward  Atlantic Council

Politics

7 h. ago Hiring stalls as US firms hold back expansion amid economic uncertainty

US employers added just 22,000 jobs last month as the labour market continued to cool under uncertainty over President Donald Trump’s economic policies. The Labor Department said on Friday that hiring decelerated from 79,000 in July and came in below the roughly 80,000 economists had expected for August. The unemployment rate ticked up to 4.3 per cent, also worse than expected and the highest level since 2021, the Labor Department reported on Friday. When the department put out a disappointing...

Economics

7 h. ago Trump: ‘Looks like we’ve lost India and Russia to deepest, darkest China’

Trump: ‘Looks like we’ve lost India and Russia to deepest, darkest China’  The Hill

Politics

8 h. ago Beijing’s power display spells danger | Red Hot Takes (Video)

Beijing’s power display spells danger | Red Hot Takes (Video)  New York Post

Politics

8 h. ago Europe’s summer from hell, China’s stablecoin dilemma: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Europe’s summer from hell bleeds into autumn as Trump and Xi turn the screws If Brussels’ bureaucrats returning from their long summer breaks this week were wondering what they missed, the local press had them covered. Unbecoming scenes at June’s Nato summit, the “hopelessly one-sided” trade deal with the United States in July, as well as Chinese President...

Politics

8 h. ago Europe’s summer from hell, the future of air combat: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Europe’s summer from hell bleeds into autumn as Trump and Xi turn the screws If Brussels’ bureaucrats returning from their long summer breaks this week were wondering what they missed, the local press had them covered. Unbecoming scenes at June’s Nato summit, the “hopelessly one-sided” trade deal with the United States in July, as well as Chinese President...

Politics

8 h. ago Xi’s Parade and Summit Send a Powerful Message Straight to Trump

Xi’s Parade and Summit Send a Powerful Message Straight to Trump  Bloomberg.com

Politics

9 h. ago 'Lost India and Russia to China': Trump sounds alarm over India, Russia ties with China

'Lost India and Russia to China': Trump sounds alarm over India, Russia ties with China  Anadolu Ajansı

Politics

9 h. ago Taiwan holds back on penalties for Victory Day parade supporters

Taipei authorities have taken a softer line on Taiwanese individuals attending Beijing’s Victory Day military parade this week, despite repeated warnings in the weeks leading up to the event. Former Kuomintang (KMT) chairwoman Hung Hsiu-chu defied the warnings and appeared on the rostrum overlooking Tiananmen Square on Wednesday, watching the parade marking the 80th anniversary of the end of World War II. The next day, Liang Wen-chieh, deputy minister of Taiwan’s Mainland Affairs Council, said...

Politics

9 h. ago China’s parade signals power shift, cold war parallels, says Cornell expert

China’s parade signals power shift, cold war parallels, says Cornell expert  Cornell University

Events

9 h. ago Tesla to award Musk an unparalleled $1 trillion depending on performance

Tesla’s board has proposed a US$1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere US$56 billion – continues. The regulatory filing puts Musk on a different plane...

Events

9 h. ago Tesla to award Musk an unparalleled US$1 trillion depending on performance

Tesla’s board has proposed a US$1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere US$56 billion – continues. The regulatory filing puts Musk on a different plane...

Events

10 h. ago China’s cities feed the AI monster with dedicated services for economic roar

China’s city governments are racing to stake out a role in artificial intelligence, with Wenzhou this week becoming the nation’s first to set up a dedicated bureau for AI-related matters – underscoring how local officials are ramping up efforts amid Beijing’s push to gain an edge in the AI race with the United States. Authorities in Wenzhou, located in the provincial economic powerhouse of Zhejiang, announced the bureau’s formation at a high-profile AI Innovation and Development Conference on...

Economics