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1. China camper van man leaves vehicle for strangers to use, creates viral ‘car relay’

   A man from eastern China leaves his Mercedes-Benz camper van unlocked and invites strangers to take it on an adventure. The first family to hit the road had a “wonderful journey”, and before long, the bold car relay idea exploded across the internet. The 38-year-old owner, surnamed Guo, from Shanghai, owns a million-yuan (US$140,000) camper van. What he does for a living is undisclosed. In...

2. Asian leaders hail US-led Israel-Hamas ceasefire deal amid cautious optimism

   Leaders in Asia have welcomed the US-brokered ceasefire between Israel and Hamas, hailing it as a turning point in the Gaza conflict while cautioning that deeper challenges lie ahead for lasting peace to materialise. The initial agreement, announced by US President Donald Trump on Thursday, includes a pause in fighting and the release of both Israeli hostages and Palestinian detainees. Trump...

3. Trump’s quest for the Nobel Peace Prize falls short, at least this time

   US President Donald Trump was passed over for the Nobel Peace Prize on Friday despite jockeying from his fellow Republicans, various world leaders and - most vocally - himself. Opposition activist Maria Corina Machado of Venezuela was awarded the prize. The Norwegian Nobel Committee said it was honouring her “for her tireless work promoting democratic rights for the people of Venezuela and for...

4. Beijing names Taiwanese spy agents, says ‘troll army’ stirring tensions

   Beijing’s top anti-espionage agency on Friday released a list of Taiwanese individuals it said were working for Taiwan’s intelligence service to spread pro-independence messages and stir cross-strait tensions online. In a statement on its social media account, China’s Ministry of State Security also said that it had identified a number of suspicious online “troll army” accounts on multiple...

5. China launches antitrust probe into US chip giant Qualcomm

   China has opened an investigation into US chip giant Qualcomm, according to the State Administration for Market Regulation on Friday. The company is accused of violating the country’s anti-monopoly law in its acquisition of Israeli vehicle semiconductor company Autotalks. More to follow …

6. China hits back at Trump’s port fees with reciprocal charges for US ships

   China will levy phased fees on US-linked vessels calling at its ports starting next Tuesday, a retaliatory action set to take effect the same day as similar charges that were announced in April by the Office of the United States Trade Representative. Having been granted approval by the State Council, China’s cabinet, Beijing will apply the fees to the following groups of vessels: those owned or...

7. Nobel Peace Prize awarded to Venezuela’s Machado

   Venezuelan opposition leader Maria Corina Machado won the Nobel Peace Prize on Friday. The former opposition presidential candidate in Venezuela was lauded for being a “key, unifying figure in a political opposition that was once deeply divided – an opposition that found common ground in the demand for free elections and representative government,” said Jorgen Watne Frydnes, chair of the...

8. Is HSBC’s US$13.6 billion buyout offer good enough for Hang Seng Bank investors?

   HSBC Holdings’ US$13.6 billion bid to take full control of Hang Seng Bank could be enticing enough for investors to cash out as the deal creates long-term value for the London-based bank, although some analysts said the offer could be sweeter. On Thursday, HSBC offered to acquire the remaining 36.5 per cent stake in Hang Seng Bank it does not own at HK$155 per share, a 30 per cent premium over...

9. 3 Hongkongers guilty of conspiracy in 2019-20 bomb plots unrepentant, court hears

   Three Hongkongers found guilty of conspiring to carry out bomb attacks during the 2019 anti-government protests harboured hostility towards local authorities and displayed little remorse for the crime, a court has heard. One of the defendants was deemed to pose a substantial risk to society as he showed little insight into his problems, while still taking pride in the assistance he gave to young...

10. How poorer nations can fund development as global aid and credit retreat

    For developing nations, the storm clouds of deglobalisation and climate change grow darker by the day. These challenges demand an increasingly prominent role for the state, not only as a buffer against the economic shocks that disproportionately harm the most vulnerable but also as an architect of resilience. Governments in poorer countries must fund vast investments in infrastructure,...