Brazil becomes world’s top buyer of Chinese cars as imports jump 147%

Brazil overtook Russia and Belgium in the first five months of this year to become the world’s largest importer of Chinese cars, buying US$5.2 billion worth of vehicles as brands raced to land shipments before a tariff increase took effect in July.

The figure, drawn from Chinese customs data, is up 146.9 per cent from the US$2.1 billion recorded a year earlier, when Brazil ranked sixth among buyers. Russia bought US$5 billion over the same months this year


Hadi Matar convicted in terrorism trial over Salman Rushdie stabbing

World United States & Canada

Already serving a 25-year state prison sentence for the attack, Matar now faces a potential life sentence for the federal conviction

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Hadi Matar is escorted from the courtroom in Mayville, New York, in February 2025. Photo: AP

A man was convicted on Wednesday of federal terrorism charges in the 2022 stabbing of Salman Rushdie, the author who has faced a decades-old death threat over


In an era defined by AI, can work still be measured by the clock?

Students majoring in semiconductor engineering demonstrate an aligner at Korea University in Seoul on June 11. South Korea, aims to supercharge its chip industry. Photo: Reuters

David Kim is a former investment banker turned technology journalist who writes about Asian business, innovation and capital markets.

Hwaseong, South Korea, past midnight. An engineer watches a defect pattern surface on her screen – the kind that, caught now, saves a week of wafers. She is locked in, fully absorbed, the way engineers get when a breakthrough is close. But she has to go home. The law says so.

Yet something

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Can China’s EV boom give it decisive edge in geopolitical tech war?

An aerial view of new electric vehicles at Shanghai Port on May 9. Analysts say China may use its dominance in the global electric vehicle industry as geopolitical leverage. Photo: AFP

China may increasingly seek to use its dominance in the global electric vehicle industry as geopolitical leverage, giving Beijing greater influence over countries dependent on its technology and supply chains, according to analysts.
“With China , the strategy is different. It’s to overwhelm the industry, capture it, and use it ultimately as leverage,” said Michael Dunne, CEO of

BTS pulls out of Grammys after Asian pop category introduction

BTS performs during the Fifa World Cup final halftime show on July 19. Photo: Reuters

Global K-pop sensation BTS said on Wednesday they will not submit their music for next year’s Grammy Awards , following the Recording Academy’s introduction of new categories that include the Best Asian Pop Music Performance.
The South Korean megastars had been widely tipped to be in the running for several of the Grammys’ top honours, including Album of the Year,

Jared Leto accused of sex assault by 4 women

Jared Leto at CinemaCon in Las Vegas in April 2025. Photo: AP

Four women have accused Jared Leto of sexual misconduct when they were teenagers, to which the actor and musician responded Wednesday that he has “never sexually assaulted anyone”.

“I have never sexually assaulted anyone in my entire life. These claims are absolutely and categorically false,” Leto, 54, said in a statement.

The BBC documentary Jared Leto: Hollywood’s Dark Secret , released on Wednesday, details allegations including those from four

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US Federal Reserve holds interest rates steady despite Warsh’s inflation vow

The Federal Reserve held interest rates steady on Wednesday, a choice that may intensify questions about how US central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target.

The widely ‌expected decision to leave the benchmark interest rate in the 3.50 per cent to 3.75 per cent range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee who “preferred” a quarter-percentage-point hike at this meeting

The Federal Reserve Board building is seen in Washington in November 2025. Photo: Reuters

Tai Po fire: contractor’s 2 directors deny all allegations in witness statements

Prestige director Hau Wah-kin denied allegations of bid-rigging in his witness statement. Photo: Sam Tsang
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US sanctions Chinese, Hong Kong shipping firms over Iranian oil deliveries

Six targeted tankers allegedly carried crude to China as Washington links economic campaign to US Navy enforcement

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The Mozambique-flagged tanker Lily is owned and operated by Hong Kong-based Confident Apex Limited. Photo: Handout

Teresa Elena Frontado in Washington

The United States on Wednesday sanctioned a group of mainland Chinese and Hong Kong shipping companies accused of operating vessels that transported Iranian oil to China, extending Washington’s economic campaign against Tehran alongside its naval blockade


Fauci refuses to answer questions at heated Senate hearing on Covid-19 origins

Anthony Fauci repeatedly invoked his constitutional right against self-incrimination at a contentious US Senate hearing on Wednesday, refusing to answer questions about American funding for coronavirus research in China and allegations that he misled Congress about the origins of Covid-19 .

The extraordinary appearance reopened one of Washington’s most politically divisive disputes: whether the pandemic began through natural transmission from animals or a laboratory-related incident in Wuhan, and whether US officials adequately scrutinised research conducted there with American funding.

Fauci, who led the National Institute of