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1. China could approve first fully AI-designed drug next year, Merck executive says

   Mainland China could become one of the first markets in the world to approve a drug fully designed by artificial intelligence, as advances in AI and human genetics combine to create a “seismic shift” in drug development, according to executives of pharmaceutical giants. “We will see in 2026 that we move from AI-assisted discovery to fully AI-designed compounds, perhaps entering the pipeline,”...

2. US ambassador to China says progress on agreements, Boeing deal among signs of better ties

   The United States’ top diplomat in China has expressed optimism about US-China ties during a closed-door speech in Hong Kong where he said risks in the relationship have been controlled effectively and a Boeing deal is being negotiated, sources said. Sources who attended the speech by David Perdue, Washington’s ambassador to China, said his message at Tuesday’s Goldman Sachs Global Macro...

3. Hong Kong’s exports rose 15.4% in 2025 to ‘historical high’

   Hong Kong’s exports in 2025 rose by 15.4 per cent year on year to a “historical high”, with authorities expecting sustained global economic growth, improved ties with new markets and strong demand for artificial intelligence-enabled products to continue supporting the city’s trade. According to the Census and Statistics Department, the total value of Hong Kong’s export of goods rose by 15.4 per...

4. ICE agents get security role at 2026 Winter Olympics sparking outrage after deadly shootings

   A branch of the US Immigration and Customs Enforcement (ICE) will help with security for the Winter Olympics in Italy, it confirmed on Tuesday, sparking anger and warnings they were not welcome. Reports had been circulating for days that the agency embroiled in an often brutal immigration crackdown in the United States could be involved in US security measures for the February 6-22 Games in...

5. Hong Kong retiree spiked soft drinks with urine in year-long ‘prank’

   A former property agent has admitted planting urine-spiked soft drinks among other goods in supermarkets repeatedly for more than a year, telling a Hong Kong court he had developed depression since his divorce and retirement. Kowloon City Court heard that Franklin Lo Kim-ngai, 63, marked his discontent with supermarket staff by doctoring Coca-Cola Plus and 7-Up drinks with his urine and placing...

6. India, EU ‘make history’ as they seal trade pact amid US tariff pressure

   India and the European Union on Tuesday announced a long-awaited free trade agreement that Prime Minister Narendra Modi described as the “mother of all deals”, as both sides moved to strengthen economic ties in a global trade order unsettled by rising US protectionism. The pact, once implemented, is expected to create one of the world’s largest trading blocs and deepen commercial links between...

7. Hong Kong logs US$95 million worth of luxury home deals in a single day

   Hong Kong’s property market on Monday logged HK$740 million (US$94.9 million) worth of luxury home deals, one of the city’s largest single-day hauls, as the residential segment shakes off a multi-year slump. Records from the Land Registry showed that five upscale homes – from areas such as Mid-Levels, Wan Chai and Sai Kung – changed hands in deals valued between HK$93 million and HK$238...

8. China’s Guangdong province exports record US$140 billion of tech, high-value goods

   Exports of chip-manufacturing equipment, electric vehicles (EVs) and other high-value goods from China’s southern Guangdong province rose to a record high last year of over 1 trillion yuan (US$140 billion), highlighting the country’s progress in its quest for technological self-sufficiency in an ongoing tech war with the US. The country’s leading manufacturing hub exported semiconductor...

9. Man arrested as Hong Kong police seize 800kg of illegal fireworks worth HK$1 million

   Hong Kong police have charged a man with illegal possession of fireworks and firecrackers after seizing a haul worth HK$1 million (US$128,200) from a shipping container in Tuen Mun, three weeks ahead of the Lunar New Year. Officers from the New Territories North regional anti-triad unit found 58 boxes containing 800kg (1,764lbs) of pyrotechnics during a raid in Tai Lam Chung at about 4pm on...

10. China tightens rail approvals as Xi warns on overbuilding, waste and ‘operational’ trouble

    China is tightening approvals for intercity railways and urban metro projects – long-standing pillars of fixed-asset investment – as policymakers pay closer attention to debt risks while shifting the growth model towards consumption. The move comes as President Xi Jinping has specifically flagged operational strains at some high-speed rail stations and subway lines – a sign that the old growth...