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MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
China criticized US President Donald Trump’s proposal to impose tariffs on the trade partners of Russia if the war in Ukraine is not ended within 50 days. This proposal, which aims to put pressure on Russia by targeting countries still doing business with the Kremlin, has drawn strong opposition from Beijing on July 15. Lin…
The market in the United States has remained flat over the past week, though it has experienced a 10% increase over the last year, with earnings expected to grow by 15% annually. In this environment, dividend stocks yielding between 3% and 8.2% can offer investors a blend of income and potential growth, making them an…
TOKYO – Japan said Wednesday the detentions of its citizens in China are damaging public sentiment toward the neighboring country, after a Beijing court convicted a Japanese businessman of espionage. The issue “has become one of the major obstructive factors for people-to-people exchanges…and improvement of public sentiment,” Foreign Ministry spokesman Toshihiro Kitamura told a regular…
The Department of Homeland Security resumed third country deportation flights on Tuesday by deporting five immigrant detainees, all from different countries, to the small nation of Eswatini in Southern Africa. The five men from Vietnam, Laos, Jamaica, Cuba and Yemen have criminal backgrounds ranging from murder to sexual assault, according to a social media post…
Hong Kong’s property sector could face some “short-term challenges” but “the risks are manageable” because the city’s economy was diversified and sat on a solid foundation, the chairman of the Financial Services Development Council (FSDC) said on Wednesday. “As an international financial centre, the global uncertainties would mean some Hong Kong industries would face certain…
China’s expanded efforts to encourage visitors continued to pay off in the first half of 2025, with the number of visa-free foreign entries rising by more than half compared to the same period a year earlier. Foreign nationals made 38 million trips in and out of the country, a 30 per cent increase year on…
ISTANBUL (Reuters) -An Istanbul court on Wednesday sentenced Istanbul Mayor Ekrem Imamoglu, the main rival of Turkey’s President Tayyip Erdogan, to a fresh prison term, state broadcaster TRT reported, extending a crackdown on the opposition. Imamoglu, who has been in jail pending trial since March over separate corruption charges, was sentenced to one year and…
The US is falling behind in the global tech race, and former Intel CEO Pat Gelsinger said a sovereign wealth fund could be the country’s best shot at catching up. In a Wall Street Journal op-ed published Tuesday, Gelsinger endorsed President Donald Trump’s proposal to create a US sovereign wealth fund, calling it “the country’s…
On The Ground newsletter: Get a weekly dispatch from our international correspondents Get a weekly dispatch from our international correspondents Get a weekly international news dispatch At least 20 Palestinians have been killed in a crush at an aid site run by the US-backed Gaza Humanitarian Foundation (GHF). The GHF, which is supported by Israel,…