Since early 2023, Chinese companies have pledged more than $180 billion for clean energy projects outside China, according to a report by Climate Energy Finance. These firms produce most of the world’s solar panels, batteries, and electric vehicles. They invest in full supply chains, from mining to recycling, helping other countries build green power systems….
A quiet transformation is weaving itself into the fabric of Hong Kong. In recent years, the city’s social and business circles have been energised by a wave of newcomers from across the Chinese mainland. They have brought with them a culinary revolution – restaurants serving flavours from fiery Sichuan to delicate Zhejiang now dot neighbourhoods…
For decades, New York and London have defined the flow of global capital. But while markets still chase short-term returns in US equities, the next great wave of productive investment is taking shape in East Asia, led by China’s financing, manufacturing and export of the clean technologies that are remaking the global economy. That contrast…
We should call it the “Neom factor”: the force that transforms reasonable aggressive ambition into hallucinogenic fantasyland. It glared out at me last week in a Financial Times headline: “Three ‘Heathrows’ of growth: the unstoppable rise of Middle East airports”. In short, Dubai, Istanbul, Riyadh, Doha and Abu Dhabi in aggregate have airport expansion plans…
Nearly 300 pets have been rescued from the deadly inferno that engulfed a Hong Kong housing estate last week, including fish, parrots and turtles, with a charity leader saying the recovery efforts have “strengthened her belief in humanity”. The Society for the Prevention of Cruelty to Animals (SPCA) said in a social media post that…
South Africa is looking to new export markets in Asia – particularly China – and Europe to diversify away from the United States, as its relations with Washington rapidly deteriorate. America boycotted last weekend’s Group of 20 summit in Johannesburg after Washington accused Pretoria of persecuting Afrikaner farmers, labelling the situation “white genocide” – a…
Military officials in the small West African nation of Guinea-Bissau have announced a new leader one day after seizing power in a military coup. General Horta Nta Na Man was named as the head of a one-year transitional government at about noon (12:00 GMT) on Thursday. In a statement, he justified the seizure of power…
The race to develop artificial intelligence has pushed governments and technology giants to build new electricity plants and upgrade their decades-old grid networks, creating significant opportunities for Chinese power equipment companies, according to analysts. Chinese firms have been benefiting from the spillover of a US order boom, which was driven by US President Donald Trump’s…
Three years ago, Chinese Premier Li Qiang took on a role largely stripped of its former glory. Now, in a surprise twist, he’s becoming President Xi Jinping’s top emissary on the world stage. When China’s No. 2 official steps out in Johannesburg at the first Group of Twenty leaders’ meeting ever held in Africa this…
Entity called Al-Majd Europe taking families on buses out of Gaza to Israel’s Ramon Airport – and then to unknown destinations. A Palestinian man who says he left Gaza through a shadowy organisation that has landed 153 people in South Africa without documentation describes the process set up to encourage more Palestinians to leave the…