Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in Shenzhen

The Qianhai district in Shenzhen. Photo: Shutterstock

Fubon Bank (Hong Kong) has opened its first branch outside its home market, moving into mainland China to tap surging cross-border business opportunities as competition among foreign lenders in the Greater Bay Area intensifies.

The branch, located in Shenzhen’s Qianhai financial zone , would initially focus on corporate banking, offering tailored cross-border financing to technology firms and enterprises seeking international expansion, the lender said in an announcement on Tuesday.

“The

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AI threatens nearly a quarter of Southeast Asia’s workforce but all not lost

Fears of a new industrial revolution in which artificial intelligence replaces manual labour have yet to materialise in Southeast Asia – but white-collar workers should brace themselves.
Nearly one in four workers in the region face generative AI (GenAI) disrupting or affecting their jobs, according to a July report by the International Labour Organization (ILO).

Clerical, administrative and professional positions are most at risk, according to the report. Manual trades, craft and agricultural work remain relatively insulated, with the effects of AI varying across the region


Colombia quake death toll hits 265, as rescuers race against the clock

Tonnes of aid from regional partners began to roll into Colombia on Wednesday, as the search for survivors in the rubble of a powerful earthquake grew more desperate after the temblor razed buildings, buckled roads and crushed cars.

The devastation has tested Colombia’s new president, Abelardo de la Espriella, and his government as it scrambles to respond to the disaster and civil society as it pushes to provide aid to the most affected communities.

De la Espriella said Wednesday evening that at least 265 people died in the 7.

Colombia’s President Abelardo de la Espriella delivers a statement on earthquake recovery efforts at San Carlos Palace in Bogota, Colombia, on Wednesday. Photo: Reuters

Can Berkshire Hathaway without Warren Buffett remain a ‘north star’ for China’s investors?

For decades, thousands of Chinese investors made pilgrimages each spring to Omaha, in the central US state of Nebraska, treating Warren Buffett’s shareholder meetings for investment firm Berkshire Hathaway less as corporate briefings than as audiences with an oracle.

Buffett’s retirement as CEO, effective January 1, ended a 60-year run at the helm of the global conglomerate. Though he remains chairman, he was succeeded as chief executive by Greg Abel, who joined Berkshire in 1999 and had run its non-


US charges 11 over sham marriages involving Chinese nationals and American soldiers

US Attorney General Todd Blanche attends a press conference at the Justice Department in Washington on Wednesday regarding a Chinese national marriage fraud scheme. Photo: EPA

Teresa Elena Frontado in Washington

US prosecutors have charged 11 people over an alleged decade-long network that arranged more than 1,000 sham marriages, primarily for Chinese nationals seeking green cards, including matches with at least 14 active-duty American soldiers.

About 11 of the soldiers, who were stationed at a US Army base in Kentucky,

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China offers Colombia quake relief as new president’s US pivot leaves Beijing waiting

China-Latin America relations

Beijing pledges help after the magnitude 7.4 earthquake, but its ambassador’s request for a coordinator remains unanswered

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Rescuers search for survivors in the rubble of a collapsed building in Cali, Colombia, on Wednesday, two days after a powerful earthquake killed more than 200 people. Photo: AFP

Igor Patrick in Rio de Janeiro

China said on Wednesday it would help Colombia recover from the magnitude 7.4 earthquake that struck the country’s west on Monday, killing more than 200 people.

Foreign ministry spokesman Guo Jiakun said Beijing would do what it


Singapore and South Korea eye science opportunities as last main US-China link shatters

This field has been one of the most durable links in the US-China relationship, but a series of new security-related restrictions on federally funded collaborations with Chinese institutions mark the latest, and arguably most consequential, step in a years-long shift away from cooperation.

Experts say the measures are unlikely to halt Chinese scientific progress. Instead, they are reshaping where international collaboration takes place – creating opportunities for intermediary research hubs while narrowing one of the most enduring channels of bilateral engagement .

The timing is striking. The


US sets up task force to combat birth tourism, revokes more than 600 visas

US State Department also announced earlier this week it had revoked more than 175,000 visas since Donald Trump returned to office

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Grace Meng (centre), chair of the Congressional Asian Pacific American Caucus, and other Democratic House members react to the US Supreme Court’s decision on June 30 to block an executive order by the Trump administration targeting birthright citizenship. Photo: AP

The Trump administration announced on Wednesday the establishment of a task force to end birth tourism in the latest push to curtail the practice after the Supreme Court recently rejected US President Donald Trump’s

The word India’s ‘cockroach’ protests missed can be found in China

Protesters in Mumbai celebrate after Education Minister Dharmendra Pradhan resigned following nationwide protests as part of the Cockroach Janta Party’s protest movement on July 26. Photo: AP

Gaurav Kumar is a researcher at the Centre for Professional Military Education in the United Service Institution of India, New Delhi.

At Jantar Mantar, New Delhi’s designated protest site, India’s future spent weeks enduring the heat and demanding change. But what kind of change, and why?

These were young people, many of them highly educated but still without a job despite sitting numerous government recruitment exams. Their anger was not because they


China projects ‘outward confidence’ amid economic anxiety, US congressional panel says

Congressional advisers cite AI optimism but question Beijing’s openness after being denied access to Hangzhou tech firms

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US and Chinese officials have sought to maintain dialogue as the two sides navigate disputes over trade, technology and Taiwan. Photo: AFP

A US congressional advisory body on China said the country is projecting an image of confidence even as concerns about its economy and future growth remain beneath the surface, following a week-long visit to Beijing, Shanghai and Hangzhou in July