China’s central bank has stepped in to temper the rapid rise of the yuan, announcing that it will scrap foreign exchange risk reserve requirements for certain forward contracts, a move seen as encouraging dollar buying and cooling the currency’s recent surge. The decision follows a sharp rally in the yuan, which climbed to a near…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. Hong Kong can expect gloomy weather and occasional rain this weekend, with showers persisting into next week, according to the city’s weather forecaster….
A Leapmotor electric vehicle at the Turin Motor Show in September. (Giuliano Berti/Bloomberg) February 26, 2026 9:33 AM, EST | Updated: February 26, 2026 11:39 AM, EST Stellantis NV is considering tapping electric vehicle technology from its Chinese partner Leapmotor to help lower costs across its mass-market European brands such as Fiat, Opel and Peugeot,…
NEWYou can now listen to Fox News articles! FIRST ON FOX: China is expanding a network of space facilities across Latin America that could strengthen Beijing’s military surveillance and warfighting capabilities in the Western Hemisphere, according to a new report. An analysis from the House Select Committee on the Chinese Communist Party, obtained by Fox…
[The content of this article has been produced by our advertising partner.] Hong Kong’s trade promotion body has opened applications for the 2026 edition of its Start-up Express programme, as efforts are stepped up to help local tech ventures break into overseas markets and secure commercial partnerships. Organised by the Hong Kong Trade Development Council…
Hong Kong lawmaker Kenneth Fok Kai‑kong welcomed the government’s HK$1.2 billion investment in sports development as “a timely boost that will inject fresh momentum”, while also urging a more strategic approach to building a sustainable sports industry. Fok, who is also vice-president of the city’s Sports Federation and Olympic Committee (SF&OC), said details on how…
NEWYou can now listen to Fox News articles! A former U.S. Air Force fighter pilot who once trained American servicemembers on advanced combat aircraft, including the F-35, has been arrested and accused of illegally training Chinese military pilots, federal prosecutors said Wednesday. The Department of Justice (DOJ) said Gerald Eddie Brown Jr., whose call sign…
I have a habit of re-watching movies during festive times. As we entered the Year of the Horse, one movie that I watched again during Chinese New Year was Marriage Story, a legal drama released on streaming platforms in 2019. The story centres on the divorce of the two lead characters and the resulting legal…
Chinese state broadcaster CCTV has shown what might be the wildest concept video to come out of Beijing in years. It’s basically a rendered clip of a whole fleet of massive triangular grey motherships hovering at the edge of the Earth’s atmosphere, firing weapons into orbit and deploying futuristic fighter jets. Now, we’ve seen plenty…
U.S. President Donald Trump shakes hands with members of Congress as he departs following his State of the Union address in the House Chamber of the US Capitol in Washington, DC, on Feb. 24, 2026. Andrew Caballero-Reynolds | AFP | Getty Images BEIJING — U.S. President Donald Trump avoided directly naming China in his State…