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1. Do China-Russia trade payment frictions show limits of de-dollarisation?

   China and Russia have largely moved away from the US dollar in bilateral trade settlement, with most transactions now settled in their own currencies. Yet cross-border payment bottlenecks persist as Chinese banks carefully manage their exposure to Washington’s sanctions regime, according to a senior Russian banker. At the heart of the friction is a stark balancing act facing Chinese lenders: how...

2. EU needs a ‘dedicated instrument’ to unwind China dependencies, trade chief says

   The EU’s trade chief has confirmed publicly for the first time that the bloc is considering a specific rule to compel companies to diversify their suppliers, as Europe looks to unwind its dependencies on China. “Diversification now requires a dedicated instrument,” Trade and Economic Security Commissioner Maros Sefcovic said on Friday, adding that he would model it on the manner in which the EU...

3. US adds 172,000 jobs in May, strongly beating expectations

   US employment growth surged in May, beating market expectations, while the unemployment rate remained steady, government data showed on Friday, with the labour market in the world’s largest economy sustaining recent gains. “Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 per cent,” the US Bureau of Labor Statistics said. Economists...

4. Chinese researchers claim breakthrough in training household robots with AI-generated homes

   A team of Chinese researchers has claimed a breakthrough in training robots in real-world home environments, tackling a long-standing data bottleneck in the field and potentially accelerating the adoption of robots at home. Kairos-HomeWorld was the world’s first unified framework capable of generating coherent, accurate and simulation-ready home environments using simple text prompts, according...

5. Thailand to join UN maritime arbitration with Cambodia

   Thailand said on Friday it will join a UN arbitration process chosen by Cambodia to resolve a festering maritime boundary dispute, but put on hold for now other two-way efforts to settle their contested borders. This week Cambodia launched a compulsory conciliation process under the United Nations Convention on the Law of the Sea (Unclos), after Bangkok decided last month to unilaterally end a...

6. Hong Kong tutor who plotted to murder flight attendant gets 3-year jail term reduction

   A Hong Kong private tutor found guilty of orchestrating a failed plot to murder his business partner eight years ago has secured a three-year reduction to his 27-year jail sentence, but lost an appeal against his conviction. In a written judgment on Friday, the Court of Appeal found that the sentence imposed on Stephen So Hon-to was too high, despite the egregious nature of the offence and the...

7. Trump is turning allies and partners into friends of China

   China-Canada relations are undergoing a thaw after years of estrangement and recrimination. China and India are seeking a rapprochement despite deep-seated distrust and sometimes violent border disputes. Both cases share a common element: Donald Trump. Meanwhile, following the US president’s visit to Beijing, his defence secretary Pete Hegseth avoided mentioning Taiwan at the Shangri-La Dialogue...

8. Asia’s marine pledges face credibility test at global ocean conference

   Asia’s governments have spent years promising to protect the seas that feed their people, shelter their coasts and support some of the world’s richest marine life. World Ocean Day on Monday will put those promises back in the public spotlight, but the more consequential test will come days later in Mombasa, Kenya, where governments, donors, companies and conservation groups will gather for the...

9. Chinese EVs reclaim momentum as tech upgrades, incentives squeeze gains of foreign marques

   International marques have failed to sustain the market share they regained in China early this year after consumers fell back in love with electric vehicles (EVs), a sector where domestic brands continue to enjoy an overwhelming advantage. Foreign carmakers from Volkswagen to Toyota held a combined 30.3 per cent share of the Chinese automotive market in April, with about 418,140 vehicles handed...

10. Huawei chips refine DeepSeek model in major leap for China’s AI self-reliance

    A research team that includes Huawei Technologies says it has successfully used the firm’s Ascend 910C chips to complete post-training for the DeepSeek-V4-Pro model, marking a major step forward as China’s semiconductor industry tries to leap from supporting basic AI inference to more complex model training amid tightening US sanctions. While Chinese chipmakers have found success in supporting...