Fortnum & Mason, the upmarket department store chain that counts the British royal family among its regular customers, has announced that its flagship shop in Hong Kong will close by the end of the month. The British luxury goods brand, known for its speciality teas and food hampers, announced on Friday that the store, which…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China’s Hurricane 3000 microwave weapon can ‘sweep and kill’ drone…
Hours before US helicopters landed at the compound of Nicolás Maduro, the president of Venezuela said he had enjoyed a “pleasant evening” with Chinese diplomats. In a meeting with Chinese President Xi Jinping’s special envoy for Latin America, Qiu Xiaoqi, the two countries reaffirmed close ties and commitment to “building a multipolar world of development…
In a base-case scenario, bondholders may recover just 10.1 per cent of what they were owed, roughly half what already deeply distressed market prices suggested, the British bank said in a report. However, in a worst-case scenario, assuming lower proceeds from onshore assets and netting out intragroup balances, the estimated recovery would drop to just…
BEIJING (AP) — China on Tuesday banned exports of dual-use goods that can serve military purposes to Japan, a move that comes at time of heightened tensions between the two countries over Taiwan, a self-ruled island Beijing claims as its sovereign territory. The Chinese commerce ministry said in a statement that exports of such items,…
Analysts in China described Venezuela’s air defences – which rely largely on Russian technology – as “full of flaws and slow to react” amid the modern surveillance, cyber, and electronic warfare displayed by US forces in Saturday’s operation in Caracas. The operation could serve as a further case study for China, which has been a…
China risks losing access to satellite tracking stations and other sensitive technology infrastructure in Venezuela after the United States seized control of the country’s leadership and transferred its president Nicolas Maduro to New York for trial. Beijing’s embedded assets – from satellite ground stations to oilfield systems and telecommunications networks – could be compromised after…
US Secretary of Defence Pete Hegseth delivered a stark warning to China and Russia on Monday, declaring that the United States is rebuilding military dominance to a level so absolute that its enemies would “not dare” test it. Addressing shipyard workers and naval personnel at Newport News Shipbuilding, the nation’s largest military shipyard, Hegseth pointed…
The US is in danger of falling increasingly behind China in 2026 as the Asian giant tightens its grip on drones, battery storage, robots and manufacturing, although the No 1 risk to global stability is the US under President Donald Trump, Eurasia Group said on Monday in its closely watched annual forecast of threats, challenges…
China’s influence in Latin America may be significantly tested by the US revival of the Monroe Doctrine, as Washington’s attack on Venezuela is set to have a chilling effect on the region’s engagement with Beijing, analysts warn. In a surprise precision operation on Saturday, the US military struck Venezuela, captured its leader Nicolas Maduro and…