A chart showing the market share of Audi, BMW, and Mercedes in China’s premium sector.

    European carmakers lose premium brand status in China

    European carmakers are losing their premium brand status in China, as younger consumers opt for cars from domestic brands, further eroding Western firms’ prospects in a cutthroat global market. Chinese carmakers are increasingly dominant around the world, but European automakers had long controlled the premium sector of the world’s biggest car market. Chinese champions have…

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    Officiating guests at the launch of Octopus Easy Ride in Hong Kong. From left: Nora Tang, head of transport business at Octopus; Lothair Lam, Legislative Council member (transport functional constituency); Tim Ying, chief executive of Octopus; (right) Lam Wai Kong, Legislative Council member (labour functional constituency); Ben Chan, chairman of the Legislative Council’s Panel on Transport; and Candy Kwok, deputy commissioner for transport. The event marked a milestone in taxi e-payment adoption and the local debut of the Easy Ride feature.

      From tap to taxi | South China Morning Post

      From payment tool to mobility layer Introduced in 1997 as a stored-value card for public transport, Octopus has long been integral to the city’s transport network. Its use now spans retail, parking and online transactions, with this booking function bringing reservation, payment and fulfilment into the same system. “With Easy Ride built into the Octopus…

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      Malaysia offers rare earths alternative to China

        Malaysia offers rare earths alternative to China

        Bags of mixed rare earth elements sit ready for shipment at the Lynas Rare Earths facility in Gebeng, near Kuantan.  (AFP pic) GEBENG: Workers load tonnes of rare earth minerals into bags ready for shipping at a refinery in eastern Malaysia, fuelling the global pushback against China’s grip on the critical sector. Rare earths are…

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        Chinese hypersonic missile

          US hypersonic weapons lag behind China and Russia, Pentagon warns

          NEWYou can now listen to Fox News articles! The U.S. has spent years racing to develop hypersonic weapons to compete with China and Russia, but delays, shifting programs and limited testing capacity are raising concerns that Washington remains in a catch-up phase in a technology that could reshape modern warfare. Key programs have faced repeated…

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