Hong Kong’s top Catholic priest has called on residents to be hopeful and united to make a difference despite escalating trade tensions between the US and China. In his Easter message on Thursday, Cardinal Stephen Chow Sau-yan, head of the Catholic diocese of Hong Kong, said that sentiment around the world had become pessimistic with…
IN A NUTSHELL 🌟 China has strategically targeted the U.S. by leveraging its dominance in rare earth elements. 📈 A 34% tax on American imports will be implemented by China in direct response to U.S. tariffs. 🛠️ The U.S. and its allies remain heavily reliant on Chinese refining, limiting short-term alternatives. 🌍 The conflict over…
Microsoft has closed its IoT & AI Insider Lab in Shanghai’s Zhangjiang hi-tech zone, marking the latest sign of the US tech giant’s retreat from China amid rising geopolitical tensions. The Shanghai lab, meant to help with domestic development of the Internet of Things (IoT) and artificial intelligence (AI) technologies, closed earlier this year, according…
By Lananh Nguyen and Manya Saini (Reuters) -Jefferies’ first-quarter profit missed Wall Street estimates on Wednesday as bond trading weakened and stock market deals were stalled due to uncertainty sparked by shifting U.S. trade policy and geopolitical turmoil. The results offer investors an early glimpse at how Wall Street’s investment banking units may fare in…
Mar 10, 2025 Full Truck Alliance (FTA), often hailed as China’s “Uber for trucks,” is contemplating a renewed push for a secondary listing in Hong Kong. According to Reuters, this reconsideration comes amid a surge in investor optimism and ongoing geopolitical frictions between China and the United States. Originally, FTA had planned a dual primary…
Beijing has rolled out a series of amendments to its regulations on the People’s Liberation Army, putting a stronger focus on the importance of war readiness and overseas missions. Set to take effect in April, the amendments emphasised that “winning battles should be the military’s top responsibility” and directed the PLA to establish a “fundamental…
Tackling a ballooning deficit has become the overriding priority for Financial Secretary Paul Chan Mo-po. However, there is more to public finance than just balancing the books. From curbing public expenditure and boosting revenues to making bold economic reforms and fostering advancement within the national development framework, Chan is facing his toughest challenge yet when…
President Xi Jinping has reiterated his view of China’s inevitable rise – a belief that continues to drive policymaking at the highest level – at a closely watched symposium with prominent entrepreneurs, held to boost private-sector morale and shore up economic momentum. He told the assembled business leaders on Monday that the East still holds…
Hong Kong’s M+ museum has signed an agreement with the Museum of Modern Art (MoMA) in New York to collaborate in several areas in the first such deal between the famed US institution and an Asian counterpart, which comes amid escalating geopolitical tensions. Separately, the visual arts museum in the West Kowloon Cultural District said…
Investors in Hong Kong are bracing for a Year of the Snake full of uncertainties and some market participants are looking to artificial intelligence (AI) and feng shui masters to determine what lies ahead. The Hang Seng Index will be flat in the first quarter, it will rise in the second quarter and will decline…