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1. Flying car dreams gain altitude as Xpeng affiliate Aridge raises US$200 million

   Aridge, the flying-car developer backed by Chinese electric vehicle maker Xpeng, has raised nearly US$200 million in fresh funding as it prepares for a potential initial public offering (IPO) in Hong Kong this year. Existing investors including GL Ventures, the venture capital arm of Hillhouse Investment, and HongShan – formerly Sequoia China – participated in the latest round, according to a...

2. By waging war on Iran, Trump leaves the US economy more vulnerable

   War in the Middle East is again producing an oil shock, as was the case in past years. For the chief perpetrator of the new shock – the United States – this will be a multi-front war where the financial impact could hit the country harder than import price shocks. The US is a debtor nation on a grand scale, running as it does both current account and budget deficits and therefore being highly...

3. Hong Kong’s anti-corruption agency seeks 50 new officers, refuses to ease criteria

   Hong Kong’s Independent Commission Against Corruption (ICAC) aims to recruit 50 officers during its latest round of hiring, with about 1,000 people expected to attend its learning event this weekend. Paul Lau Chi-ho, the director of the ICAC’s Hong Kong International Academy Against Corruption, said the watchdog was confident it could fill the vacancies and did not plan to follow other...

4. Iran war fallout puts 9 million Indian workers in the line of fire

   When the alert arrives on his phone, Yashwant Deshmukh knows exactly what to do. The Dubai-based political analyst moves away from the windows, waits for the second message confirming the missile has been intercepted, and then goes back to work. “It has become a drill,” he said. For the roughly 9 million Indians living and working across the Gulf, the war on Iran has shattered one of the...

5. Here are 5 ways to enter China without a visa – by land, sea or air

   China announced visa-free entry for Canadian and British nationals on February 17, allowing citizens of the two countries to cross the border and stay for up to 30 days with no more than a passport. The move was just the latest expansion of China’s visa-free policies, which have eased entry rules for citizens of dozens of nations over the past few years as part of an effort to boost...

6. Hong Kong to boost direct flights, transfer capacity amid Middle East turmoil

   Hong Kong authorities are coordinating with local airlines to increase direct flight and transfer capacity, turning the challenges posed by the US-Israel war on Iran into opportunities, the transport minister has said. Secretary for Transport and Logistics Mable Chan also said on Saturday that the ongoing Middle East turmoil had deeply disrupted global trade and aviation networks, underscoring...

7. Elderly man dies after being hit by taxi in Kwun Tong

   An elderly pedestrian has died after being hit by a taxi in Hong Kong’s Kwun Tong, according to police. The accident took place shortly before 10pm on Friday when the 75-year-old man was crossing the road near the junction of Hip Wo Street and Yuet Wah Street. The taxi, travelling along Hip Wo Street towards Sau Mau Ping, ran into the man, causing him to crash onto the bonnet before falling to...

8. North Korea fires 10 ballistic missiles during US-South Korea military drills

   North Korea on Saturday fired about 10 ballistic missiles towards the eastern sea, South Korea’s military said, staging its own show of force as the rival South conducts a joint military exercise with the United States. South Korea’s Joint Chiefs of Staff said the missiles were fired from an area near the North Korean capital of Pyongyang, but did not immediately say how far they flew. Japan’s...

9. More Malaysian scammers target Singapore-based victims to pass cash, gold to ‘mules’

   Scam syndicates allegedly from Malaysia are increasingly relying on couriers and physical handovers when targeting victims in Singapore, as tighter banking safeguards make fraudulent online transfers harder for them to pull off, according to police and crime experts. Recent police cases suggest some criminals are turning to cross-border transfers in which victims are pressured into handing over...

10. China single mum starts business with US$100, runs clothing brand earning tens of millions yearly

    A young Chinese single mother who started with a street stall and just 700 yuan (US$100) to her name has built a successful nationwide clothing business. The “new Chinese-style clothing” brand, now earns tens of millions of yuan each year and its success has inspired many people online. Dong Na, a single mother born in the 1990s from Zhengzhou in northern China’s Henan province, has attracted...