NEWYou can now listen to Fox News articles! Iran is nearing a deal with China to acquire supersonic anti-ship cruise missiles, a move that could significantly raise the stakes in the Middle East as U.S. carrier strike groups assemble within striking distance of the Islamic Republic. Reuters reported Tuesday that Tehran is close to finalizing…
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan…
A new front has opened in the global AI race, and this time the issue is not innovation but theft, national security and geopolitical rivalry. Anthropic has publicly accused three Chinese AI firms –DeepSeek, Moonshot AI and MiniMax — of orchestrating what it described as coordinated “distillation attacks” on its flagship model, Claude. The claims…
Apple CEO Tim Cook was among a handful of top tech executives who attended a classified CIA briefing warning that China could attack Taiwan by 2027, according to a sweeping investigative report by The New York Times ($). The previously unreported briefing was apparently held in a secure room in Silicon Valley in July 2023….
Science and technology museums across China welcomed over 3.5 million visits during the 2026 Spring Festival holiday, according to preliminary statistics released by the China Science and Technology Museum. Chinese New Year-themed special exhibitions and interactive activities featuring robots made science museums a popular choice among holiday tourists, particularly families with children, during the nine-day…
Hong Kong should increase funding for university research to position itself as a global education hub, a leading academic has said, citing a growing trend of students choosing Asian destinations for higher studies. Professor Dennis Lo Yuk-ming, president of Chinese University, which is hosting this year’s Asia-Pacific Association for International Education (APAIE) Conference and Exhibition,…
China saw a total of 17.796 million cross-border trips during the nine-day Spring Festival holiday period ending on Monday, official data showed. According to data released by the National Immigration Administration, border authorities recorded an average of 1.977 million trips per day during the holiday, up 10.1 percent year on year on a daily basis….
China has prohibited the export of dual-use items to 20 Japanese entities that it says supply Japan’s military, the commerce ministry announced on Tuesday. The commerce ministry added another 20 Japanese entities, including Subaru Corp, Itochu Aviation and Mitsubishi Materials Corp to a watch list, saying it could not verify the end-users or end-uses of…
Standard Chartered Bank, one of Hong Kong’s three note-issuing banks, reported a 16 per cent profit jump for 2025, as strong wealth management growth helped it weather rising bad debt from the city’s commercial real estate slump. The London-based bank, which generates much of its revenue from Asia, reported an underlying pre-tax profit of US$7.9…
Chinese travelers made an estimated 362.58 million cross-regional passenger trips on Monday, the last day of the Spring Festival holiday, representing a 4.7-percent daily decline from Sunday and an 11.9-percent increase from the last day of the holiday last year. On Monday, the country’s railway system handled an estimated 18.5 million passenger trips, up 1.2…