According to one China watcher, Beijing may be a “long-term beneficiary” of the American retreat from stable leadership, as Washington’s strikes on Iran have revealed it to be an uncertain and unpredictable global power. More significantly, the conflict has revealed Washington’s reluctance to engage in a prolonged war, offering the Chinese leadership clues on how…
A senior executive from Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles (EVs), urged authorities on the mainland to intervene in the price war that is roiling the market for new energy cars. Ni Jun, CATL’s chief manufacturing officer, on Wednesday said the brutal discount war would not end if…
Major stock benchmarks in Hong Kong, Singapore and the US have upside potential in 2025 as breakthroughs in artificial intelligence (AI) create big opportunities, according to HSBC’s survey of wealthy investors in the two Asian financial hubs. Some 55 per cent of the respondents said the Hang Seng Index, the Straits Times Index and the…
Financial Secretary Paul Chan Mo-po’s announcement, in his latest budget speech, of Hong Kong’s aspiration to become an international exchange and cooperation hub for artificial intelligence (AI) is bold and timely. As one of the world’s most connected cities, Hong Kong has the potential to play a pivotal role in the global AI conversation. However,…
Financial Secretary Paul Chan Mo-po’s announcement, in his latest budget speech, of Hong Kong’s aspiration to become an international exchange and cooperation hub for artificial intelligence (AI) is bold and timely. As one of the world’s most connected cities, Hong Kong has the potential to play a pivotal role in the global AI conversation. However,…
Over the past few decades, there has been significant progress in gender equality globally, with more women holding parliamentary seats, fewer women living in extreme poverty and more legal reforms enacted to close the gender gap. But, despite the progress in some areas, the World Economic Forum’s Global Gender Gap Index predicts it will take…
Some leading European fintech companies are planning to make Hong Kong their base in Asia, the finance chief has said, touting his recent trip to a global economic forum in Switzerland as a way to expand the city’s network. Financial Secretary Paul Chan Mo-po also said on Sunday that Beijing’s support for collaboration provided stability…
It was what Wall Street wanted. And this week at least, it’s what Wall Street is getting: A market-friendly Donald Trump – talking up policies to boost growth and lower taxes, while dialing back plans to immediately disrupt the world trading order. Despite the protectionist threats of the campaign trail, Trump held off on imposing…
WASHINGTON (AP) — President Donald Trump used an address Thursday to the World Economic Forum to promise global elites lower taxes if they bring manufacturing to the U.S. and threatened to impose tariffs if they don’t. Speaking by video from the White House to the annual summit in Davos, Switzerland, on his third full day…
US President Donald Trump used a virtual appearance at the World Economic Forum in Davos, Switzerland, to air some grievances while making additional tariff threats. This time it was against European Union nations, as he told them to make their goods in America or face penalties. While Trump has delayed his central campaign promise to…