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1. Hong Kong securities watchdog urges stock exchange to tighten listing, compliance rules

   Hong Kong’s securities regulator on Wednesday recommended strengthening the stock exchange’s regulations to better protect investors following a review of 2024 compliance and enforcement cases. The Securities and Futures Commission (SFC) submitted its findings after vetting listed companies’ internal control reviews, their handling of late auditor resignations and the processes of the Hong Kong...

2. Zelensky urges EU to bypass Hungary’s ‘blackmail’ veto on vital US$103 billion loan

   Ukrainian President Volodymyr Zelensky on Wednesday urged the European Union to overcome a veto by Hungary on a €90 billion (US$103 billion) loan vital for his country. Zelensky, during a visit to Madrid to meet Spanish Prime Minister Pedro Sanchez, said he considered that the “main issue” of an EU summit to be held Thursday and Friday in Brussels. “We are really counting on the countries and...

3. Why tariffs aren’t the biggest factor holding back US-Asean trade

   When the Trump administration rolled out sweeping tariffs on “Liberation Day” in April 2025, the reaction across Southeast Asia was swift: markets dipped, supply chains scrambled and governments went into damage control. Governments had a choice: retaliate or negotiate. They negotiated. Southeast Asian countries including Indonesia, Malaysia and Cambodia have signed Agreements on Reciprocal...

4. Red Sea fix? China-bound oil tankers tap Saudi plan to bypass Strait of Hormuz

   Saudi Arabia is activating its Red Sea “Plan B” to divert crude via the port of Yanbu, allowing tankers – including Chinese very large crude carriers (VLCCs) – to bypass the Strait of Hormuz, though analysts warn the route has limited capacity. The move comes after Iran effectively closed the strait in response to United States and Israeli military strikes, a conflict now in its third week that...

5. Iranian women footballers return home after withdrawing Australia asylum bids

   The Iranian women’s soccer team crossed the Turkish border into Iran on Wednesday to complete a fraught return journey from Australia, after five members withdrew asylum claims they had lodged there. Australia had granted humanitarian visas to six players and one support staff member after they sought asylum, saying they feared possible persecution if they returned to Iran. Concerns over their...

6. Chinese experts assess military decapitation in Iran, Venezuela for lessons closer to home

   Iran’s power structure, succession mechanism and geographic conditions are all factors in its military resilience, despite the decapitation of its leadership by the US and Israel, according to Chinese experts. They also said the United States was unlikely to achieve regime change in Iran without deploying ground forces, a lesson one expert argued Beijing would take into account for any operation...

7. Hong Kong campsite operator who murdered ‘alien’ girlfriend jailed for life

   A Hong Kong campsite operator has been convicted of murdering his live-in girlfriend and sentenced to life imprisonment after telling police he believed she was an alien, with the judge describing the killing as a “vicious, brutal and savage attack and murder”. A High Court jury of four men and three women on Wednesday unanimously found Tang Lung-fai, 56, guilty of causing the death of Fok...

8. Hong Kong to establish global version of university entrance exam on pilot basis

   Hong Kong’s education authorities plan to establish an “internationally benchmarked” version of the city’s university entrance exam on a pilot basis to allow foreign students to apply for admission to higher education institutions both locally and in mainland China. They revealed that technical explorations and studies with relevant bodies on developing the international version of the Diploma...

9. Pakistan’s fuel smugglers squeezed by rising costs as Iran war hits supply

   In Pakistan’s southwestern mountains, pickup trucks loaded with plastic cans of fuel smuggled from Iran line dusty roads as youngsters unload the containers, fill smaller cans and strap them onto motorbikes to supply nearby markets. The illicit trade has long thrived in the region but is feeling the knock-on effects of the war which has engulfed the Middle East following US-Israeli strikes on...

10. China-based Cosco Shipping Ports expects ‘limited’ impact from Iran conflict

    Cosco Shipping Ports, a unit of state-owned giant Cosco Shipping, reported modest earnings growth for 2025, as management expects to expand in emerging markets amid rising geopolitical risks to global trade. Net profit rose 1.1 per cent to US$312.1 million, and revenue increased 11 per cent to US$1.67 billion, according to its 2025 results. Total container throughput climbed 6.2 per cent to 153...