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1. Founder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trial

   As part of a public trial held by the Shenzhen Intermediate People’s Court, China Evergrande Group founder and former chairman Hui Ka-yan admitted guilt and expressed remorse over a set of charges including embezzlement of corporate assets and corporate bribery, according to a statement issued by the court. The trial was held on Monday and Tuesday, and the court will issue its judgement at a...

2. What is really behind South Korea’s row with Israel?

   At least 26 South Korean tankers are thought to be stranded near the Strait of Hormuz. That fact alone may best explain why President Lee Jae Myung walked into a diplomatic firefight with Israel last week, analysts say. The row erupted on Friday when Lee commented on a grainy clip that appeared to show Israeli soldiers pushing a body from a rooftop. The footage, which dates to September 2024,...

3. Can Hong Kong, target of the most US sanctions, become China’s quantum gateway?

   Hong Kong holds the unwanted distinction of being the most US-sanctioned territory in China, with more than 300 entities blacklisted by Washington in a bid to curb Beijing’s technological rise. But the government maintains that a backlash from Washington will not stop Hong Kong from becoming an international technology hub, in line with an initiative that seeks to bypass technological...

4. Cheap tours blamed for coerced shopping in Hong Kong: tourism experts

   Unreasonably low prices offered by some mainland Chinese tourist groups visiting Hong Kong are a major factor behind coerced shopping, industry leaders have said, urging authorities to step up random inspections during the coming Labour Day “golden week” holiday. The Travel Industry Authority announced on Monday that it had previously revoked the licence of Star Link Travel over four suspected...

5. Malaysia’s Anwar douses row over diesel supplied to Philippines

   Malaysian Prime Minister Anwar Ibrahim has called for an end to allegations of diesel being supplied to the Philippines, stating that the claim is untrue. Anwar said the recent shipment of diesel was not from national oil company Petronas but from a foreign commodity company, Vitol. “They [Vitol] have an agreement to transport oil and sell it to the Philippines. It is not us [Petronas] supplying...

6. Double defeat for Vance as failed Iran talks and Orban’s exit bruise US vice-president

   J.D. Vance had two jobs last week: get an Iran deal and keep Hungary’s Viktor Orban in power. Neither happened for the US vice-president. The 41-year-old Vance looked exhausted as he left Pakistan on Sunday after 21 hours that failed to produce an agreement with Tehran to end a war he had never wanted to begin with. At a terse press conference in Islamabad, Vance delivered the “bad news” and...

7. China’s imports surge in March as exports soften amid Hormuz blockade

   China’s export growth softened and imports rose considerably in March, as disruptions in the Strait of Hormuz drove up transport costs and commodity and energy prices. Exports rose 2.5 per cent year on year to US$321.03 billion in March, according to data released by China’s General Administration of Customs on Tuesday. The reading fell short of the 4 per cent growth forecast by economists...

8. Canada’s Carney secures majority government with special election wins

   Canadian Prime Minister Mark Carney secured a majority government with special election wins Monday night, allowing his Liberals to pass legislation without the support of opposition parties. Voters cast ballots for three vacant seats of the 343 districts represented in Parliament. Liberal candidate Danielle Martin won the election for the Toronto district of University-Rosedale and Liberal Doly...

9. Trump claims Jesus-like meme that caused outcry was him as a doctor

   US President Donald Trump on Monday defended his now deleted social media post that appeared to depict himself as Jesus Christ, contending that it was meant to portray him as “a doctor” after right-wing figures continued a recent trend of pushing back on the president’s recent comments. “Well, it wasn’t a depiction. It was me, I did post it. And I thought it was me as a doctor, and had to do...

10. Asia air travel faces turbulence as Iran war exposes jet fuel vulnerability

    Jet fuel shortages and surging prices are forcing flight cancellations across the Asia-Pacific, a squeeze that could intensify after the United States began controlling oil shipments through the Strait of Hormuz following failed peace talks with Iran. Tehran’s effective closure of the strait – a chokepoint for about 20 per cent of global oil supply – is hitting regional airlines, particularly in...