Top News
Elon Musk accused of inflaming tensions in Belfast after knife attack
The use of social media in planning violent protests over the Belfast knife attack has drawn condemnation, with Britain’s ruling Labour Party accusing Elon Musk of stoking divisions.
The tech billionaire, who continued overnight to promote calls for people to take to the streets in response to the assault, hit back at the claims and blamed immigration policy for the tensions.
Hadi Alodid, a 30-year-old Sudanese man, was remanded in custody after appearing in court charged with attempted murder...
Hong Kong tech park tender targets strong bidders with HK$100m bond rule
Winning consortiums bidding for core land parcels at an innovation hub near Hong Kong’s border must post a HK$100 million (US$12.7 million) construction bond and meet a tight 30-month development deadline, according to tender documents obtained by the South China Morning Post.
Industry leaders said the requirements, which deviated from those in conventional government land sales, suggested that the government was targeting “well-capitalised” bidders to eliminate the risk of stalled construction...
How will the Pentagon’s expanded blacklist of Chinese firms affect Xi’s US visit?
The Pentagon’s newly expanded blacklist of Chinese military-linked companies has tested the fragile stability reached at last month’s summit, highlighting that intense competition persists despite recent efforts to ease bilateral tensions.
On Monday, the US Defence Department released its updated Section 1260H list as required by American law, expanding the roster to 188 entities, up from 134 last year. Many of China’s technology and industrial giants were targeted.
E-commerce giant Alibaba,...
US inflation spikes to 3-year high in May as Iran war energy shock persists
US consumer inflation surged to a fresh three-year high in May, according to official data released on Wednesday, as increased energy prices rippled through the world’s largest economy.
The consumer price index (CPI) rose 4.2 per cent year on year, up from April’s 3.8 per cent figure, the US Bureau of Labour Statistics said.
It was the highest reading since April 2023, according to official data, but in line with analyst expectations.
The US-Israel war against Iran, launched in late February,...
Gold-laden World Cup trophy’s value surges 157% – how much is the bullion worth?
As the 2026 Fifa World Cup prepares to kick off on Thursday, the world’s elite players are vying for more than just glory – they seek a shimmering prize whose bullion value has eclipsed all previous benchmarks.
The trophy set to be hoisted in the US state of New Jersey next month is now worth 157 per cent more than it was during the 2022 tournament in Qatar, owing to a historic rally in gold prices.
The raw gold value of the statue currently stands at around US$713,000 – a staggering jump from...
US firms pay price for Trump’s China tariffs, export controls, study finds
The Trump administration’s export controls, sanctions and tariffs are hurting American firms in China without achieving their policy goals of blocking critical technology or reviving US manufacturing, according to a new business survey.
“US export controls are not calibrated to empower American companies … Instead, they are forcing buyers to go elsewhere,” the US-China Business Council said on Wednesday, releasing the results of its annual member survey.
“Export controls are less effective when...
Starlink rival Qianfan hits satellite milestone, but is it too slow and costly?
China’s Qianfan network has hit a national milestone by placing over 200 broadband satellites in orbit, but there are concerns its deployment could be too slow and costly.
The constellation now has 201 satellites after a successful launch on board a Zhuque-2E rocket from the Gobi Desert at 4.23pm Beijing time on Tuesday.
The mission delivered Qianfan DTC-01 – a direct-to-cell test satellite – alongside a satellite from China Mobile, state broadcaster CCTV reported.
The flight followed...
