Alerts
The world is on the cusp of a “China shock 3.0” driven by exports of artificial intelligence (AI), biotechnology and robots, which could hit harder than the current wave, a leading economist on China has said. “We are already at the starting point of the China shock 3.0,” Alicia Garcia-Herrero, a se...
US Defence Secretary Pete Hegseth has called a nearly US$1.5 trillion defence budget request “absolutely critical”, warning that whoever falls behind in autonomy, robotics and AI will fall “even further behind” as Washington eyes China’s rapid military modernisation. Speaking at a panel discussion d...
SpaceX boss Elon Musk said on Wednesday that any disruptions reported by Ukraine in using the Starshield satellite communications system would be the responsibility of the US government, not his company. “Starshield systems are owned and controlled by the US government. Any limits on speed or usage ...
Be warned. The global economy is likely to experience a recession next year. War across the Middle East is set to escalate, wrecking energy supplies for many years, even as the artificial intelligence (AI) bubble is ripe to burst. This, however, would also create an energy leadership opportunity for...
US stocks dropped to their worst day since July on Wednesday, following the latest signal that inflation is getting worse. The S&P 500 sank 1.1 per cent for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average fell 48 points, or 0.1 per cent, and the Nasdaq ...
Bank of America, the second-largest US bank, failed to promptly report hundreds of millions of dollars in suspicious transactions bearing signs of Chinese money-laundering networks, US regulators said on Tuesday, announcing more than US$1.21 billion in penalties for broader anti-money-laundering and...
The Yemeni government has spoken with Beijing about the Houthis’ alleged attempts to utilise Chinese-made technology for weapons, a Yemeni minister said on Wednesday, as the two sides’ long-running civil war escalates. “The Chinese are partners and we have discussed with them about, you know, the us...
Irish author Sally Rooney can no longer sell her books in the UK because of her support for the activist group Palestine Action, her publisher Faber said on Wednesday. Rooney has previously expressed her support for the group, which was banned as a “terrorist” organisation by the UK government in Ju...
Leaders of the EU’s 27 member states will instruct Brussels to “urgently” come up with new weapons to counter the imbalances they believe are caused by China’s economic policies, at a meeting in the Belgian capital on Thursday. The instruction – part of a draft statement being negotiated ahead of th...
Hong Kong’s Fire Services Department has extended a scheme allowing property owners to install smart fire alarm systems rather than traditional safety equipment to another 6,000 old buildings, but conceded that no installations had been completed although the policy was rolled out over five months a...
The United States Army has launched a new task force aimed at countering Chinese efforts to block American and allied warships and aircraft in a potential conflict. The 4th Multi-Domain Task Force (MDTF) – established at Fort Carson, Colorado on October 8 – is the latest addition to a series of spec...
Dutch semiconductor equipment giant ASML expects China to account for about 20 per cent of its total sales this year, after seeing shipments to the market more than double during the previous quarter despite mounting US pressure for tighter export restrictions on less advanced chipmaking machinery. ...
