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1. India eyes ‘global manufacturing powerhouse’ status with budget boost

   India’s newly unveiled budget signals a bid to cement its status as a global manufacturing powerhouse through a raft of policy measures, but analysts say the US$630 billion allocation will still require supplement as the country seeks new markets to diversify its trade. The measures, rolled out in Finance Minister Nirmala Sitharaman’s budget speech on Sunday, are seen to have addressed two...

2. ‘America First’ Fed? Chinese economists doubt Trump’s chair nominee can shore up US dollar

   US President Donald Trump’s nomination of Kevin Warsh to head the Federal Reserve is unlikely to support a sustained rebound in the US dollar despite the possibility of short-term relief, Chinese economists said. Persistent doubts about the Fed’s autonomy during Trump’s second term could cap any durable recovery, as policy appeared increasingly geared towards domestic goals at the expense of the...

3. When a robot topples: China’s Xpeng deals with fallout from humanoid’s public plunge

   Chinese electric vehicle (EV) maker Xpeng Motors showcased its humanoid robot in front of hundreds of onlookers at a mall in the southern metropolis of Shenzhen over the weekend, but a backwards flop became headlines, reflecting the bumpy journey ahead for such machines. After completing a smooth catwalk to the centre of the audience on Saturday, Iron, the 178cm robot said to walk with humanlike...

4. Hong Kong police arrest hundreds in HK$620 million fraud, money laundering crackdown

   Hong Kong police have arrested more than 680 people in a series of recent operations targeting deception and money laundering, with suspected criminal proceeds reaching HK$620 million. In one operation, officers from the cybersecurity and technology crime bureau focused on combating the misuse of bank accounts. Between February and September last year, police received reports from 51 victims of...

5. Australian woman dies after getting caught in Japan ski lift

   An Australian woman died after her backpack caught on a ski lift on a Japanese mountain and she became suspended mid-air, police said on Monday. The 22-year-old woman was preparing to get off the lift on Friday morning at Tsugaike Mountain Resort in Hakuba Valley, a popular ski destination in the central region of Nagano. But a loose buckle from her backpack became caught in the lift chair,...

6. China couple abandon their young children at hotel after dispute, spark heated debate

   A Chinese couple who left their young children at a hotel following a fight have ignited a heated discussion over how to punish irresponsible parents. The Beijing Chaoyang district police posted on January 22 that they received a phone call from a man who claimed to have been looking after his friends’ two children at a hotel. The children, a seven-year-old boy and a five-year-old girl, had been...

7. Gaza’s Rafah crossing reopens amid Israel-Hamas ceasefire, but challenges remain

   Gaza’s Rafah border crossing with Egypt reopened on Monday for limited traffic, a key step in the Israeli-Hamas ceasefire but a mostly symbolic development on the ground as few people will be allowed to travel in either direction and no goods will be going into the war-torn territory. Within the first hour of the opening, no one was actually seen crossing in or out of Gaza. An Egyptian official...

8. Government proposes planning team for Apec finance ministers’ meeting in Hong Kong

   Some 500 guests are expected to attend the Asia-Pacific Economic Cooperation (Apec) finance ministers’ meeting in Hong Kong in October, the first to be held in the city, with authorities set to appoint a team led by two senior officials to oversee planning for the event. Speaking at a Legislative Council meeting on Monday, Secretary for Financial Services and the Treasury Christopher Hui...

9. Xi wants yuan’s global punch to match Chinese economic might

   President Xi Jinping has called for China’s yuan to become a global reserve currency, underscoring ambitions to carve out a greater role for it in world finance. The country needed a “powerful currency” that could be “widely used in international trade, investment and foreign exchange markets, and attain reserve currency status”, Xi said in a commentary published on Saturday in Qiushi, the...

10. China navigates US threats to anchor global shipbuilding dominance in 2025

    China secured the most new shipbuilding orders globally in 2025 despite a slight dip in market share, showing enduring market dominance amid industry turbulence sparked by US threats targeting the Chinese maritime sector, official data showed. Chinese shipyards secured 107.8 million deadweight tonnage (DWT) in new orders in 2025 – a 4.6 per cent year-on-year decline – accounting for 69 per cent...