Talks deadline for CK Hutchison US$23 billion Panama ports deal passes on Sunday

Talks deadline for CK Hutchison US$23 billion Panama ports deal passes on Sunday

A deadline for exclusive talks on a US$23 billion sale of global port stakes by Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings passed without a deal on Sunday, with analysts expecting complex negotiations to be extended amid intense US-China geopolitical rivalry. The controversial transaction involved CK Hutchison selling stakes in 43 ports, including two…

Read More
MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO

MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO

MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…

Read More
MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO

MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO

MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…

Read More
UK economy shrinks 0.1% in May

UK economy shrinks 0.1% in May

Britain’s economic output shrank by 0.1% in May, official data showed on Friday. Economists polled by Reuters had mostly forecast that gross domestic product would rise by 0.1% from April’s level. Britain’s economy expanded rapidly in the first quarter of 2025, outstripping growth in other countries in the Group of Seven advanced economies. In May…

Read More
DeepSeek Accused of Aiding China's Military with AI Tech

DeepSeek Accused of Aiding China’s Military with AI Tech

The rapidly evolving landscape of artificial intelligence has taken a contentious turn with recent allegations against DeepSeek, a Chinese AI startup. According to a senior U.S. official speaking to Reuters, DeepSeek has been accused of aiding China’s military and intelligence operations, a claim that raises significant concerns about national security and the enforcement of export…

Read More