Hong Kong, Malaysia set for ‘deeper ties in semiconductor making, other sectors’

Hong Kong and Malaysia are poised to deepen economic ties across key sectors, such as semiconductor manufacturing, to unlock mutual growth opportunities, the head of the city’s Trade Development Council (TDC) has said.

Council chairman Frederick Ma Si-hang made the comment on Monday as he joined Hong Kong’s biggest delegation to Malaysia to date under the city’s “Think Business, Think Hong Kong” flagship campaign.

Speaking to the South China Morning Post, he cited the delegation as a sign of robust commercial


At least 20 dead in Colombia after 7.4-magnitude earthquake

Residents and rescue workers search through the rubble of a collapsed building after an earthquake struck Cali, Colombia, on Monday. Photo: AP
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China, India and Pakistan’s dangerous nuclear triangle just became more complicated

India has long-running border disputes with its two largest neighbours. Photo: EPA-EFE

Last week, Pakistan, Turkey and Saudi Arabia signed a pact in Mecca in which they agreed to treat an armed attack on one as an attack on all. The three governments have described it as defensive and not directed at any particular state.

Analysts said its main significance for India lay less in whether it would be invoked, but in how it could alter Pakistan’s strategic position as well as the balance between the three nuclear powers


UK water firm gives US$1.35 million payout to finance boss despite massive debt

Thames Water has handed a delayed £1 million (US$1.35 million) “golden handshake” payment to its chief financial officer and agreed controversial retention payouts to top bosses despite its battle to secure its financial future.

The stricken supplier, which is sinking under a debt pile of more than £20 billion, disclosed in a letter to the Environmental, Food and Rural Affairs Committee that it had made the so-called signing-on payment to Steve Buck at the end of July from an emergency

A couple a few miles from London walk past a spray-painted message opposing Thames Water. Photo: Reuters

Enterprise AI costs hit 2026 low driven by price wars, Chinese open-source models: research

DeepSeek’s new V4-Flash-0731 model costs US$0.03 per task. Photo: Shutterstock Images

The cost for businesses to run AI models has fallen to a yearly low, according to research by investment bank Jefferies, driven by a heated global price war and a surge in adoption of low-cost Chinese open-source tools, such as those from DeepSeek.

Average inference prices – measured per million tokens, or chunks of data handled by a model – ranged between US$1.16 and US$1.18 from

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Uber partners with Hong Kong firm to launch its first premium service outside US

Uber has partnered with a Hong Kong transport operator to launch its first premium service outside the United States, but local lawmakers have stressed the move is unrelated to the firm’s push for a larger licence quota under a coming regulatory regime.

The US-based company partnered with Kwoon Chung Bus to introduce Uber Elite, which offers pre-booked rides in Mercedes-Benz vehicles for up to six passengers, uniformed chauffeurs, airport meet-and-greet services and more, the firms announced on Monday.

“The feedback


Powerful anti-drone laser spotted on PLA amphibious ship in South China Sea

The LY-1, seen here during the Victory Day military parade in Beijing in September 2025, is tasked with close-range interception of incoming missiles and drones. Photo: Xinhua

China’s most advanced laser weapon has been spotted aboard a Type 071 amphibious landing ship in the South China Sea, adding near-shore anti-drone capabilities to a family of warships vital for potential conflicts in sensitive waters, according to analysts.

In a People’s Liberation Army joint air and naval drill at Scarborough Shoal on August 1, a shipborne laser weapon believed to be the Liaoyuan-1 (LY-1)

Lululemon rival Alo Yoga enters China market with online store on Alibaba’s Tmall

Los Angeles-based yoga apparel brand Alo Yoga, a rival of Lululemon, will open its first online flagship store on Alibaba Group Holding’s e-commerce platform Tmall on Wednesday, ahead of launching bricks-and-mortar stores in China.

The move comes as China’s premium “athleisure” market grows increasingly competitive, with emerging yoga brands and domestic sportswear makers targeting similar consumer groups.

Alo is among a group of niche foreign brands – including American fast-food chain Church’s Texas Chicken and German


China challenges Western ‘tribute system’ theory in push to control its narrative power

Article by US billionaire investor Ray Dalio puts spotlight back on English term used to describe Chinese diplomatic and economic posture

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Illustration: Mario Rivera

Beijing is stepping up efforts to challenge the Western concept of the “tribute system”, arguing that foreign frameworks distort ancient Chinese diplomacy and misrepresent the country’s contemporary global rise.

China is redoubling efforts to define its own practices, experiences and ideas through original, home-grown social science language


US does its robotics industry no favours by fencing it off from China

Concession speeches follow a formula: the vocabulary of defiance, thanks to the faithful, a promise that the fight goes on. Last month, Brendan Carr, chairman of the US Federal Communications Commission (FCC), essentially delivered one on behalf of American robotics.

Acting on findings from a White House task force, Carr added new foreign-made humanoid robots, quadrupeds and power inverters to the agency’s Covered List, denying them the authorisation nearly every electronic device requires to be sold in the United States. The stated