China memory giant CXMT valued at US$85 billion in record Shanghai IPO

China’s leading memory chipmaker, ChangXin Memory Technologies (CXMT), has priced its Shanghai initial public offering at 8.66 yuan (US$1.28) apiece, positioning the company for the largest listing by a Chinese semiconductor company on a mainland bourse.

The firm, based in Hefei, Anhui province, is expected to raise gross proceeds of 57.9 billion yuan (US$8.5 billion) from the sale of nearly 6.7 billion shares, according to an offering


Gibraltar and Spain end border checks in historic UK-EU treaty

A new era began between Spain and the tiny British territory of Gibraltar on Wednesday, as border checks that have long been a source of tension and frustration were finally lifted.

Several dozen people and vehicles crossed the border from Spain for the first time without undergoing customs checks a few minutes after midnight.

Several hundred people gathered for the occasion, waving Spanish flags, while Gibraltar’s Chief Minister, Fabian Picardo, announced: “Europe is back”.

Gibraltar, a self-governing British territory at the southernmost tip of


Will AI kill English classes? Chinese university to drop them as tech booms

In a video posted to the university’s social media account on July 2, Zhao Wei, the provost of Shenzhen University of Advanced Technology (SUAT), announced that the institution would do away with standard English courses in favour of classes that emphasised cross-cultural skills.

These new courses are designed to help students understand both Chinese and Western cultures so they can engage with people overseas with confidence and poise.

“If you apply to SUAT in 2026, we will be running the experimental [curriculum]


China’s first-tier home prices extend 4-month rebound amid market stabilisation

Blocks of flats in Shanghai. Photo: JPix/NurPhoto via Getty Images

New home prices in four Chinese first-tier cities rose by an average of 0.1 per cent last month, extending a four-month rebound and signalling a gradual recovery in market sentiment as housing stabilisation measures gain traction.

Compared with May, home prices edged up 0.3 per cent in Shanghai and Shenzhen and by 0.2 per cent

Why scrapping Nepal’s ‘dollar fare’ could leave locals grounded

This Week in Asia Economics

Airline operators say lowering tourist airfares will not be ‘economically sustainable’, as the revenue helps subsidise costs for Nepalis

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People walk as pigeons fly over Kathmandu Durbar Square in Kathmandu, Nepal, on Monday. Photo: EPA

A plan to make Nepal ’s domestic flights cheaper for foreign visitors could end up making them more expensive for citizens, according to airline operators who warn against scrapping one of the country’s most contentious tourism pricing policies.

Under Nepal’s two-tier

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Vietnam jeweller rattled by ex-official’s arrest over India-Hong Kong gem-smuggling ring

Phu Nhuan Jewellery, Vietnam ’s largest listed jeweller, is facing a crisis of confidence after police detained the former head of its gem certification subsidiary over his alleged links to a transnational diamond-smuggling ring.

Shares in PNJ, as the company is known, have plummeted more than 25 per cent since news of the investigation broke in early July.

Police accuse Dang Ngoc Thao, the former director of wholly owned unit PNJ Laboratory, of involvement in a criminal network that allegedly smuggled diamonds from India to Vietnam via Hong


Tai Po fire: watchdog calls for bid-rigging to be criminalised to help fight back

An independent, judge-led committee investigating Hong Kong’s deadliest fire in decades will hear closing submissions from legal representatives, following 27 sessions of evidential hearings.

Counsel representing the committee, the government and other parties are expected to deliver their final submissions before the panel from Wednesday to Friday, after which it will proceed to finalise a report due in about a month.

A deadly blaze broke out at the Wang Fuk Court residential complex in Tai Po on November 26, 2025.

The fire engulfed


Hong Kong issues amber rainstorm warning, urges public to take precautions

Observatory warns widespread heavy rain could affect Hong Kong in couple of hours and that intense gusts could continue to affect city

Timelapse captures amber rain storm coming into Hong Kong

The Hong Kong Observatory issued an amber rainstorm warning at 10.05am on Wednesday and urged residents to take precautions such as staying away from watercourses.

The forecaster warned that widespread heavy


Ancient Chinese lord buried with bells meant to silence ancestral war rituals

Imagine, for a moment, that you lived in ancient China, with a rival state threatening your people’s very existence. In the quest for any advantage, one strategy might involve performing a ceremony to invoke assistance from the ancestors.

However, life and politics are not static; old rivals can transform into close allies. This transformation raises an intriguing question: do ancient war ceremonies simply fade away when they lose relevance? A recent discovery in China indicates that, at least during the Zhou dynasty (104

These authentic, 2,600-year-old bronze bells are ritual artefacts excavated directly from the tomb of Lord Qiu of Zeng. Photo: Cambridge University Press

Taiwan’s opposition TPP launches historic first trip to mainland China

Lee Wei-hwa (centre) poses with other members of the TPP delegation as they kick off a four-day visit to Shanghai on July 14, 2026. Photo: CNA

The Taiwan People’s Party (TPP) has sent its first formal delegation to mainland China since the party’s founding, seeking to maintain cross-strait peace through dialogue amid heightened tensions with Beijing.
The nine-member delegation from the island’s smaller opposition party left for Shanghai on Tuesday for a four-day visit focused on youth exchanges, urban governance, artificial intelligence (AI), technological innovation and entrepreneurship.

“The