With US President Donald Trump’s tax and spending bill now heading to his desk for signature after it is passed in the House, attention should turn to whether billionaire Elon Musk will follow through on his pledge to create a new political party. On July 1, shortly after the bill passed the Senate, Musk wrote…
In the wake of U.S. President Donald Trump’s decision to abruptly pause most of the sweeping tariffs he announced last week—a move that raised suspicions of possible insider trading and market manipulation—a group of Democrats in the U.S. House of Representatives are urging Republican Speaker Mike Johnson to ensure any stock trades recently made by…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China could lose 35 per cent of its cropland by 2100, scientists warn A peer-reviewed study published earlier this month estimated that 35 per cent of China’s…
Legislation banning everything from Chinese laser-based navigation technology to Chinese garlic has passed the US House of Representatives and is set to become law by the end of the year. The House advanced Congress’s annual defence bill, known as the National Defence Authorisation Act (NDAA), on Wednesday by a vote of 281-140. The Senate is…
Lawmakers in the US House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong’s banking sector, saying the city has become a top location for money laundering and sanctions evasion. Hong Kong has turned into a hub for many violations of US trade controls, including export of controlled Western technology…
Any country seeking close ties with Hong Kong should refrain from interfering in the city’s judicial proceedings or threatening its legal professionals, the justice minister has said amid rising political pressure after Donald Trump’s US presidential victory. Secretary for Justice Paul Lam Ting-kwok also said on Sunday that Hong Kong’s judicial independence remained unaffected by…
Any country seeking close ties with Hong Kong should refrain from interfering in the city’s judicial proceedings or threatening its legal professionals, the justice minister has said amid rising political pressure after Donald Trump’s US presidential victory. Secretary for Justice Paul Lam Ting-kwok also said on Sunday that Hong Kong’s judicial independence remained unaffected by…
The Shanghai-based chipmaker said its third-quarter revenue rose 34 per cent from a year earlier to US$2.17 billion. Net profit for the quarter reached US$148.8 million, up 58.3 per cent from a year earlier. “The company achieved for the first time more than US$2 billion in quarterly revenue during the third quarter, representing a record…
WASHINGTON — President Biden gave his emphatic endorsement to an aggressive legal strategy adopted by his son Hunter’s lawyer Abbe Lowell shortly before House Republicans launched their investigation into the elder Biden’s role in foreign business dealings, according to a new book. “Let me talk to Abbe,” the president told his son in December 2022,…