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1. Japan is eyeing a ‘China-free’ supply chain for defence equipment. Is it feasible?

   Japan could build a “China-free” supply chain for defence equipment, but doing so would be costly and could take years as Tokyo tries to reduce its reliance on a strategic rival, analysts have said. The debate gained urgency after Defence Minister Shinjiro Koizumi last week said Tokyo should consider creating a “China-free” supply chain for defence equipment, following Beijing’s ban on exports...

2. Trump sued in bid to undo approval of TikTok’s US sale

   Donald Trump and his attorney general were sued on Thursday by retail investors in two social media rivals of TikTok seeking to reverse the US president’s approval of a deal by the company’s Chinese owner ByteDance to form a majority American-owned joint venture. The lawsuit, the ‌first legal challenge to the deal, argues that Trump’s approval last year violated requirements set out in a 2024...

3. Lean harder into Hong Kong-mainland China market ties, ‘two sessions’ delegates urge

   Hong Kong can reinforce its role as an international financial centre by deepening integration with mainland capital markets and expanding cross-border investment channels, financial industry leaders said on Thursday during China’s annual “two sessions”. Stronger collaboration between Hong Kong and mainland exchanges would enhance the resilience of the mainland’s financial system while...

4. Crypto billionaire Justin Sun settles US fraud case for US$10 million

   Chinese cryptocurrency entrepreneur Justin Sun has reached a US$10 million settlement to resolve a US Securities and Exchange Commission civil ‌fraud case over his trading activity. Thursday’s settlement requires court approval, with the payment made by one of Sun’s companies. It came as US President Donald Trump pushes to make the United States a global hub for the cryptocurrency industry. Sun...

5. Insilico Medicine advances Middle East push with UAE AI drug discovery deal

   Hong Kong-listed Insilico Medicine has signed a cooperation agreement with the United Arab Emirates’ drug regulator to advance the use of its artificial intelligence tools in drug discovery across the region, even as geopolitical tensions escalate in the Middle East. Shares of Insilico rose as much as 12.8 per cent in morning trading on Thursday before paring gains to close 8.6 per cent higher...

6. 24 US states sue to stop Trump’s latest global tariffs, including New York, California

   A group of 24 US states sued President Donald Trump’s administration on Thursday in the first legal challenge to his newly imposed 10 per cent global tariffs, alleging that the president cannot sidestep a recent US Supreme Court ruling that invalidated most of his previous tariffs on imported goods by citing new legal authority, according to ‌the states. The Democratic-led states, including New...

7. Trump ousts Kristi Noem as Homeland Security chief amid immigration uproar

   One of the top ⁠officials overseeing Donald Trump’s immigration crackdown, Homeland Security Secretary Kristi ⁠Noem, will leave her role, the US president said on Thursday, a major staffing move that raises questions about the direction of the Republican president’s immigration agenda. “I am pleased to announce that the Highly Respected United States Senator from the Great State of Oklahoma,...

8. US asking Ukraine for help against Iran’s drones in Middle East, Zelensky says

   The US has asked Ukraine for help fending off Iranian drone attacks in the Middle East, Ukrainian President Volodymyr Zelensky said on Thursday, adding that he had ordered expert support to be given. During Russia’s four-year invasion, Kyiv has developed a range of cheap and effective drone interceptors – aerial craft designed to hit incoming attack drones mid-air – that it says are...

9. US won’t let India become rival like China, Trump official says

   The US will not give India the same kind of economic advantages it gave China, which allowed that country to emerge as a major competitor, Deputy Secretary of State Christopher Landau said on Thursday, signalling Washington’s cautiousness in negotiations over a trade deal. While the US wants to work with India to unlock its “limitless potential,” India should understand that “we are not going to...

10. Trump wants ‘to be involved’ in picking Iran’s new leader, Khamenei’s son ‘unacceptable’

    US President Donald Trump said he wanted to be personally involved in selecting Iran’s new supreme leader, following the killing of Ayatollah Ali Khamenei, whose son he called an “unacceptable” option. “We want someone that will bring harmony and peace to Iran,” he told Axios on Thursday, adding that he thought the Ayatollah’s son Mojtaba Khamenei was a “lightweight”. “I have to be involved in...