Financial markets got quite excited after Iranian Foreign Minister Abbas Araghchi tweeted at 8:45am New York time on Friday (10:45pm Friday AEST) that the Strait of Hormuz was “completely open”, followed by a series of jubilant posts by US President Donald Trump and a triumphant, if bellicose, speech. Oil futures fell 10 per cent and…
Many Hongkongers would have been surprised last week that the government was postponing the introduction of basketball betting. It was only months ago that the bill had been enacted by the Legislative Council. So clearly it was a matter that fell within our high degree of autonomy. And the Hong Kong Jockey Club was known…
Goldman Sachs just raised its outlook on China’s robotaxi market by a meaningful margin. The revision signals the bank now believes commercialization is moving faster than it previously assumed. In a note published April 18, Goldman analysts led by Allen Chang forecast that China’s robotaxi fleet will nearly triple from 5,000 vehicles in 2025 to…
The Beijing E-Town Humanoid Robot Half-Marathon, held on Sunday, witnessed a historic milestone in robotics as several humanoid robots outpaced elite human athletes for the first time in a competitive environment. The event featured a “human-robot joint run” where over 100 humanoid robots raced alongside roughly 12,000 human runners on the same 21.1 km course,…
The US is more coordinated with China than many assume, former Israeli Navy commander Maj.-Gen. (res.) Eliezer Marom told 103FM on Wednesday. “I think the fuel problem has been completely solved, because the Chinese will get supplies from the Russians,” he said, claiming that alternative energy arrangements are already reducing the impact of regional disruption…
NEWYou can now listen to Fox News articles! A Chinese-built humanoid robot beat the human half-marathon world record in Beijing on Sunday, marking a breakthrough moment in a high-stakes global race for technological dominance. A robot developed by Chinese smartphone maker Honor completed the 21-kilometer (13-mile) race in 50 minutes and 26 seconds, beating the…
In a move that continues to underscore Beijing’s strategic shift away from U.S. dollar assets amid geopolitical tensions and diversification efforts, China has steadily reduced its holdings of U.S. Treasuries. The latest official data from the U.S. Treasury’s TIC report confirms China’s holdings stood at $693.3 billion at the end of February 2026, down slightly…
Hong Kong homebuyers’ strong demand for new flats extended a streak of brisk sales for developers with one project selling out in a single day, underscoring the city’s broader recovery in housing prices. All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin were sold on…
For the first time in its history – and in a striking departure from its long-standing doctrine of minimal economic intervention – Hong Kong is preparing to draw up a five-year plan. Chief Executive John Lee Ka-chiu has asked all policy bureaus to help draft proposals by the end of the year. To lead the…
The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the first of a three-part series, we examine Hong Kong’s bid to position itself as Asia’s bullion hub. War in…