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1. UK’s Keir Starmer says Russia could attack Nato within 4 years

   Russia could attack a Nato country within four years according to western intelligence assessments, UK Prime Minister Keir Starmer warned on Friday. He made the comments as he pledged his government would publish a long-delayed defence investment plan before next month’s Nato summit. “It is our intelligence assessment and the assessment of other countries in Nato that there could be an attack by...

2. Hong Kong ideal platform for Uzbek firms to spread wings globally, John Lee says

   Hong Kong serves as an ideal platform to help Uzbek enterprises expand through its world-class professional services and international business environment, the city’s leader has told the Central Asian country’s prime minister as he wrapped up a five-day regional tour. Sources said Chief Executive John Lee Ka-chiu on Friday also invited Prime Minister Abdulla Aripov to be a keynote speaker at...

3. Most Asia-Pacific firms use AI for tasks without cutting jobs: survey

   While a wave of job cuts across Asia’s finance and other industries due to wider use of artificial intelligence has spurred concerns, a new study shows that the technology’s net impact on employment is not as clear-cut. Recruiters and industry observers say many companies are adding AI-related roles without having to lay off workers. A study by professional services firm Aon released on...

4. Xi Jinping’s ‘chief of staff’ Cai Qi takes Central Party School helm

   Cai Qi, the fifth-ranked member in the Communist Party’s hierarchy, has been picked to head the Central Party School, the top training ground for cadres. Cai, 70, sits on the elite Politburo Standing Committee and is secretary of the party’s secretariat as well as director of the party’s general office. Responsible for daily operations of the party’s nerve centre, Cai is often referred to as...

5. Summer most likely window for US attack on Cuba, Chinese defence tech firm says

   Any US military attack on Cuba would most likely take place this summer, according to a Chinese defence technology company closely tracking US military movements around the island. The assessment by Jingan Technology, a civilian start-up founded in 2021 in Hangzhou, Zhejiang province, said that if the US were to use force against Cuba, it would most likely take the form of a rapid “decapitation...

6. China launches space computing hub as SpaceX gears up for historic IPO

   China is ramping up its bets on space-based artificial intelligence computing with the launch of a state-backed research institute in Beijing, accelerating a frontier tech race with the US just as Elon Musk’s SpaceX eyes a record-shattering US$75 billion market debut to fund its own orbital AI ambitions. The establishment of the Beijing Space Intelligent Computing Research Institute marks a...

7. Norway crown princess awaits lung transplant

   Norway’s Crown Princess Mette-Marit has been placed on a waiting list for a lung transplant after a significant deterioration in her health that likely gave her only a year left to live without the surgery, her doctors said on Friday. The 52-year-old wife of Crown Prince Haakon, the ‌heir to the Norwegian throne, was diagnosed with pulmonary fibrosis in 2018, a chronic disease that causes...

8. Do China-Russia trade payment frictions show limits of de-dollarisation?

   China and Russia have largely moved away from the US dollar in bilateral trade settlement, with most transactions now settled in their own currencies. Yet cross-border payment bottlenecks persist as Chinese banks carefully manage their exposure to Washington’s sanctions regime, according to a senior Russian banker. At the heart of the friction is a stark balancing act facing Chinese lenders: how...

9. EU needs a ‘dedicated instrument’ to unwind China dependencies, trade chief says

   The EU’s trade chief has confirmed publicly for the first time that the bloc is considering a specific rule to compel companies to diversify their suppliers, as Europe looks to unwind its dependencies on China. “Diversification now requires a dedicated instrument,” Trade and Economic Security Commissioner Maros Sefcovic said on Friday, adding that he would model it on the manner in which the EU...

10. US adds 172,000 jobs in May, strongly beating expectations

    US employment growth surged in May, beating market expectations, while the unemployment rate remained steady, government data showed on Friday, with the labour market in the world’s largest economy sustaining recent gains. “Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 per cent,” the US Bureau of Labor Statistics said. Economists...