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1. For a yuan in deeper markets, Fed ex-president cites dollar playbook amid risks, criticism

   China has a unique window to internationalise its currency by deepening domestic financial markets, according to a former senior US central bank official who pointed to the evolution of the US dollar and the euro for lessons to be gleaned. The comments from Charles Evans, former president of the Federal Reserve Bank of Chicago, provide a fresh perspective in the growing discussion over whether...

2. America at 250: how Trump’s foreign policy is redefining the US story

   President Donald Trump’s foreign policy direction could have lasting effects on America’s alliances and global leadership, and it could also speed up the shift to a multipolar world where China plays a bigger role. That is according to Wu Xinbo, dean of the Institute of International Studies at Fudan University in Shanghai. Speaking at a seminar hosted by the university on Tuesday, Wu said the...

3. US key inflation gauge worsens, eroding Americans’ income and spending power

   A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances. Inflation jumped to 3.8 per cent in April compared with a year ago, the Commerce Department said on Thursday, up from 3.5 per cent in March and the highest since May 2023. On a monthly basis, prices rose 0.4 per cent,...

4. Hong Kong approves smart IoT fire alarms for 3,600 old buildings after pilot scheme

   Hong Kong’s Fire Services Department has given approval for 3,600 old low-rise residential buildings to install a new Internet of Things (IoT) smart fire alarm system as an alternative to traditional fire-safety equipment, following a successful pilot scheme in the first quarter of this year. The IoT-enabled system consists of detectors installed in individual flats and public areas of the...

5. Veteran lawyer seeks judicial review over alleged illegal structures on his home

   A veteran Hong Kong barrister ordered to demolish alleged illegal structures on his home has lodged a judicial challenge after building authorities refused to consider a constitutional argument he raised earlier. Senior counsel Alan Hoo’s lawyers applied to the High Court for a judicial review over the extent of jurisdiction of the Appeal Tribunal (Buildings Ordinance), saying the statutory body...

6. Hong Kong bus driver suspended after video shows him hands-free at the wheel

   A Hong Kong franchised bus operator has suspended a driver after video footage surfaced online showing him operating a vehicle without either hand on the steering wheel. The incident, which sparked widespread safety concerns on social media on Thursday, prompted KMB to launch an immediate investigation into the driver’s conduct. In a 17-second clip filmed from an adjacent vehicle, the driver can...

7. El Nino may turn coming tropical cyclones into super typhoons: Observatory

   The El Nino weather phenomenon could turn the four to seven tropical cyclones predicted to hit Hong Kong this year into super typhoons, the Observatory has said. The weather forecaster also said on Thursday that the 33.4 degrees Celsius (92.1 Fahrenheit) recorded at its Tsim Sha Tsui headquarters was likely to be surpassed on Friday, when the mercury was set to rise to 35 degrees Celsius. It...

8. ‘We’ll be a museum’: EU heavyweights back industrial accelerator as China shock fears grow

   Major EU members offered qualified support for the bloc’s flagship industrial plans on Thursday in the first debate over a proposal that has deepened tensions with China. Germany, France, Italy, Spain, the Netherlands and Poland all accepted the broad parameters of the Industrial Accelerator Act (IAA), which would put strict conditions on investments into the union from China and other...

9. Huawei and scientists build 2D parallel computing chip that rewrites Moore’s Law

   Chinese researchers, in collaboration with Huawei Technologies, have built the world’s first parallel processor using a two-dimensional (2D) semiconductor. As silicon devices approach their physical size limits, Moore’s Law – the observation that computing power doubles roughly every two years, while the cost of computers is cut in half – is hitting a wall. But two-dimensional materials such as...

10. Why MuleRun could be the next craze: new Alibaba AI agent platform promises safer adoption

    A new Chinese artificial intelligence agent platform is looking to replicate the “lobster craze” sparked by AI agent tool OpenClaw earlier this year, while avoiding some of the privacy and security risks associated with the open-source software. MuleRun, developed by Chinese tech giant Alibaba Group Holding, offers a one-stop service for users to access a range of different AI agents. The...