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1. Brazil breaks up China-linked US$190m money-laundering ring tied to top crime syndicate

   Brazilian prosecutors and police launched an extensive crackdown on a Chinese electronics distribution network accused of laundering more than one billion reais (US$190 million) over seven months through a system allegedly related to one of Latin America’s most powerful crime syndicates. The Primeiro Comando da Capital, or PCC, syndicate allegedly sold imported consumer electronics throughout...

2. Trump administration sues Harvard, accusing it of defying investigation

   ⁠The Trump administration sued ⁠Harvard University on Friday, accusing it ⁠of failing to comply with a federal investigation and seeking documents to determine whether the university had illegally considered race in its admissions process. The move comes less than two weeks after US President Donald Trump said ‌his administration was seeking $1 billion from Harvard to settle probes into school...

3. US allows oil majors to resume Venezuela operations

   The US eased sanctions on Venezuela’s energy sector on Friday, issuing two general licences that allow global energy companies to operate oil and gas projects in the Opec member and for other companies to negotiate contracts to bring in fresh ‌investments. The Treasury Department’s Office of Foreign Assets Control issued a general licence allowing Chevron, BP, Eni, Shell and Repsol to operate...

4. Angry passengers left high and dry after Star Cruises cancels Hong Kong sailing

   Star Cruises cancelled a scheduled departure from Hong Kong on Friday evening because of “an unforeseen technical issue”, leaving angry passengers who had waited for hours to board complaining they had been treated like “refugees”. The cruise operator apologised, offering customers the choice of rescheduling or a full refund. “Star Cruises regrets to inform [passengers] that the Star Voyager...

5. US inflation cools more than expected, kindling hopes of Fed rate cut

   Consumer inflation in the US cooled slightly more than expected in January, government data showed Friday, as energy prices dipped. Analysts say the figure allows the Federal Reserve to cut interest rates again later this year, but warn that policymakers need to see sustained improvement to do so – despite US President Donald Trump’s insistence that there is virtually no inflation. The consumer...

6. Pentagon adds Chinese firms to military list, then withdraws filing

   In a move that escalates tensions between Beijing and Washington just weeks ahead of US President Donald Trump’s anticipated trip to Beijing, the Pentagon added a wide range of Chinese companies to a list of firms with alleged links to the military before withdrawing the document. Giants like Alibaba Group Holding, Baidu and BYD are among the firms added to the list. Alibaba is the parent...

7. As Chinese provinces slash revenue outlook, analysts warn of debt control

   Fiscal strains are forcing Chinese provinces to slash their budget-revenue expectations for 2026 due to the knock-on effects of a five-year property market slump, and analysts cite the shift as a warning sign that intense debt pressures continue to drag down the nation’s economic growth outlook. Major provinces are budgeting for 2 to 3 per cent growth this year in general public operating...

8. China mulls US manufacturing fund ahead of Xi-Trump summit, business leader says

   China and the US are likely to secure several “very positive” outcomes but not a “grand bargain” at their presidential summit in April, according to the board chief of a major American business lobby. James Zimmerman, chairman of the American Chamber of Commerce in China, said on Friday that “the optics [of] announcing deals” such as aircraft and soybean sales might be US President Donald...

9. Chinese power line projects seek private capital in sign of infrastructure shift

   In the latest sign of China’s push to channel private capital into infrastructure, several local governments have begun actively seeking private investors for two major ultra-high-voltage power line projects – the first schemes of their kind to open up to non-state funding since a Beijing directive encouraging the practice last November. China is building a series of vast power lines to funnel...

10. Hong Kong’s West Kowloon arts hub secures HK$3 billion, 10-year loan facility

    The authority managing Hong Kong’s West Kowloon arts hub has averted a funding crisis after securing a longer-than-usual 10-year loan facility of HK$3 billion, which comes in addition to a US$1 billion (US$383.8 million) bond sale programme announced earlier. The financing would provide a much-needed lifeline to the West Kowloon Cultural District Authority in the coming decade before its...