Chinese battery producer Leoch International Technology has been pressing ahead with the first instalment of its US$200 million factory in Mexico before a June launch, with the Hong Kong-listed firm just one of many getting to grips with unpredictable US tariff policies. Executive director and chief investment officer Helen Hong Yu said the company originally…
Chinese electric vehicle (EV) maker Xpeng has ramped up development of its own artificial intelligence (AI) chip to power its semi-autonomous cars, with a first mass production model to be fitted with the Turing chip from as early as this quarter. The chip, which is claimed to be more powerful than Nvidia’s Drive Orin X,…
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets mostly rose Tuesday after all three key benchmarks on Wall Street rose on a tech rally. Japan’s benchmark Nikkei 225 increased 1.02%, while the broader Topix index was advanced…
Chinese battery producer Leoch International Technology has been pressing ahead with the first instalment of its US$200 million factory in Mexico before a June launch, with the Hong Kong-listed firm just one of many getting to grips with unpredictable US tariff policies. Executive director and chief investment officer Helen Hong Yu said the company originally…
In January 2023, Arizona resident Jennifer DeStefano picked up a call from an unknown number, assuming it was the doctor’s office. Instead, she heard someone who sounded like her daughter crying as a man shouted in the background: “Lay down and put your head back.” “Mom, these bad men have me. Help me! Help me!”…
When the US levies a tariff on an imported good, who pays the price: the manufacturer, the importer, or the consumer? A new study published by the Federal Reserve Bank of Boston found that the consumer ultimately gets charged for the higher cost of importing. Researchers working with Morning Consult asked small- and medium-size businesses…
US investment firm BlackRock, which is leading a consortium seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings, aims to take control of its two strategic Panama Canal facilities, while Italy’s wealthy Aponte family will have a majority stake in the others, the Post has learned. A source close to…
Confusion over President Donald Trump’s tariffs remains following a weekend of questions around trade in consumer electronics. On Friday the Trump administration paused its new taxes on electronics imported into the U.S. — signaling some relief from trade wars that have particularly escalated with China, a major exporter of technology from smartphones to laptops. But…
Hong Kong lawmakers have urged officials to use a projected HK$1.5 billion (US$193 million) in extra tax revenue from legalising basketball betting to develop local sports, as they gave an initial nod to a government plan to allow gambling on overseas games. Home affairs minister Alice Mak Mei-kuen on Monday reiterated that the move was…
Air pollution indexes in more than 10 areas in Hong Kong reached the highest health risk levels on Monday evening, as a dusty northerly airstream brought pollutants to the city for a second day in a row. The government’s air quality health index (AQHI) had already reached “very high” levels in the morning, climbing to…