When Dale McCarthy couldn’t find skilled workers to produce her brand’s swimwear, she had to take her manufacturing offshore. “You actually need five different types of machinery, and someone who is an expert at using that machinery, to make our swimwear,” she says. The founder of Bondi Born turned to China and Vietnam to manufacture…
NewsFeed The US has announced it will begin aggressively revoking Chinese students’ visas and increase scrutiny of future applicants. China has responded, saying it opposes any disruption to existing student exchange arrangements, as Katrina Yu reports from Beijing. Published On 29 May 202529 May 2025 Source link
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department…
The thing about every ridiculous or outrageous public statement coming from US President Donald Trump and his cronies is how the world responds with a token bit of collective pearl-clutching and then moves on like nothing has happened until the next shocker. That’s why it’s important to keep reminding everyone what kind of people are…
Uncertainty surrounding escalating US-China tensions and a “relatively muted society” may have prompted Hong Kong authorities to propose new subsidiary legislation for safeguarding national security, observers have said, although they dismissed speculation the law targets ongoing high-profile cases. In addition, a legal scholar called for more procedural clarity when introducing bills, particularly in circumstances when…
The United States and China have agreed to slash reciprocal tariffs, as the world’s two biggest economies seek to end a trade war that has disrupted the global outlook and set financial markets on edge. Speaking after talks with Chinese officials in Geneva on Monday, local time, US Treasury Secretary Scott Bessent told reporters the…
Sany Heavy Industry, one of China’s largest heavy equipment manufacturers, plans to use the sum of up to US$1.5 billion that it could raise in a proposed Hong Kong initial public offering (IPO) to support global expansion, despite ongoing trade tensions between China and the US, according to an executive. The Shanghai-listed company will use…
As US President Donald Trump places sweeping tariffs on Chinese goods, the spectre of trade war looms over global commerce. While attention remains on consumer goods and factory output, a quieter but potentially more lasting confrontation is taking shape that could remake global trade infrastructure. On April 17, the Office of the US Trade Representative…
Three of Hong Kong’s biggest developers – Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land – are expected to dominate the housing market, as homebuyers increasingly prefer smaller flats amid economic jitters, according to JLL. The trio were set to deliver 60 per cent of new residential units in 2025 and 2026,…
Donald Trump will announce a trade deal with the United Kingdom on Thursday, US media has reported, after the president touted a “major” upcoming agreement on social media.The New York Times and Politico reported that Trump was set to agree to a deal with Britain, citing multiple people familiar with the plans. Trump had written…