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1. In Cameroon, Pope Leo assails ‘tyrants ravaging’ world amid Trump row

   Pope Leo blasted leaders who spend billions on wars and said the world was “being ravaged by a handful of tyrants”, in unusually forceful remarks in Cameroon on Thursday after US President Donald Trump attacked him again on social media. Leo, the first US pope, also decried leaders who used religious language to justify wars and urged a “decisive change of course” in a meeting in the biggest...

2. China’s PBOC raises leverage ratios for foreign lenders to support outbound investment

   Beijing has raised the limit on banks’ overseas lending – a move that analysts say will support Chinese firms in outbound investment expansions while helping to stabilise the yuan. Regulators raised the overseas-loan leverage ratio for foreign banks in China and their joint ventures with Chinese lenders from 0.5 to 1.5 on Wednesday, according to a statement published by the central bank and the...

3. Why India is rankled by Pakistan playing mediator in US-Iran war

   The quiet conclusion of US and Iranian backchannel engagements in Islamabad left more than diplomatic ambiguity. It crystallised a striking image: a financially strained, politically volatile Pakistan briefly positioning itself as a facilitator in one of the world’s most combustible rivalries. Substantive or symbolic, the episode underscores a deeper churn in West Asian geopolitics – one in...

4. Owner of luxury Hong Kong home fined HK$110,000 over illegal structures, pool

   The owner of a luxury home at a seaside estate in Hong Kong has been fined HK$110,000 (US$14,039) for building illegal structures and a swimming pool following a government crackdown triggered by a record-breaking rainstorm and an investigation by the South China Morning Post. Sunset Boulevard Company, which owns House No 76 at Redhill Peninsula, the luxury low-rise estate in Tai Tam, was...

5. China’s Qingzhou robotic craft tests space debris capture and clean-up

   China’s prototype Qingzhou robotic cargo spacecraft successfully conducted capture and towing operations on “non-cooperative” space targets, state broadcaster CCTV reported on Thursday. The progress paves the way for so-called orbital tow trucks capable of clearing space debris and derelict satellites. The prototype spacecraft launched last month also conducted a suite of in-orbit experiments...

6. Europe running low on jet fuel, stoking fears of flight cancellations

   Europe has “maybe 6 weeks or so [of] jet fuel left”, the head of the International Energy Agency said on Thursday in a wide-ranging interview, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war. IEA executive director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced”,...

7. Malaysia and Australia strike energy supply pledge to bypass Iran war disruptions

   Malaysia and Australia pledged on Thursday to keep oil and gas flowing between them as the Iran war’s continuous squeeze on global fuel supplies compels regional countries to deepen energy trade cooperation. Across Asia, governments have been scrambling for alternatives after crude oil and gas shipments from the Middle East were disrupted following Tehran’s move to choke access to the Strait of...

8. Chinese drone exposes Indonesia’s ‘insufficient’ undersea capabilities

   The recent discovery of a Chinese underwater drone in Indonesia’s waters serves as a wake-up call for Jakarta to strengthen its undersea defence capabilities, analysts have said. Indonesia, however, is likely to remain silent on the find and resolve the issue through “quiet diplomacy”, according to observers. Last week, an Indonesian fisherman found a Chinese unmanned underwater vehicle (UUV) in...

9. Hong Kong police arrest 5 over shoplifting syndicate targeting Muji stores

   Hong Kong police have arrested five people accused of stealing more than 445 items of clothing worth HK$113,000 (US$14,400) from multiple outlets of Japanese retail chain Muji. Officers from Yau Tsim police district said they had received a string of shoplifting reports since earlier this year that involved large quantities of apparel taken from a retail chain, with a source naming the business...

10. TSMC targets over 30% revenue surge in 2026, ramps up capex amid booming AI demand

    Taiwan Semiconductor Manufacturing Co (TSMC) expects a revenue surge of more than 30 per cent in 2026 as the world’s largest contract chipmaker “pulls in all equipment” to ramp up supply, as management downplayed the impact of memory price hikes and Middle East tensions. During its first-quarter earnings call on Thursday, company executives voiced optimism for the year ahead anchored by the...