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1. Beijing-Ottawa deal reinforces China’s dominance in EV industry at expense of US: analysts

   Beijing and Ottawa reached a “landmark” trade agreement last week, slashing tariffs on Chinese electric vehicles, in a move analysts said further cements China’s dominance and suggests the US decline in the global EV market. The deal will open Canada up to Chinese EVs, signalling a thaw in diplomatic relations and a major break from the US. The bilateral partnership marks a shift in direction...

2. What is the ‘trade bazooka’ the EU may use against Trump’s Greenland threats?

   Rattled by US President Donald Trump’s threats over Greenland, the European Union is readying countermeasures against the United States. As primarily a trading bloc, the EU’s toolkit is mostly financial instruments, from steep tariffs on US goods to the so-called trade bazooka touted by French President Emmanuel Macron. So far, most of the 27 EU nations remain sceptical about using it. What is...

3. Archegos’ Bill Hwang seeks Trump pardon for fraud that cost banks US$10 billion

   Archegos Capital Management founder Bill Hwang is seeking a presidential pardon for his conviction in a high-profile Wall Street fraud case over the collapse of his US$36 billion family office, which scorched banks and helped topple Credit Suisse Group AG. Hwang, who is free on bail while appealing against the verdict behind his 18-year sentence, submitted a pardon application to the US Justice...

4. Donald Trump’s Davos speech: Greenland plan, Xi ‘friendship’, China’s ‘smart’ energy sales

   US President Donald Trump said on Wednesday he would not deploy US military might to acquire Greenland as tensions mounted over his repeated threats to acquire the world’s largest island, by force if necessary. His much-anticipated appearance at the World Economic Forum’s annual meeting in the Swiss town of Davos turned the normally cosy gathering of billionaires and elite pundits into one of...

5. Macron’s ‘Top Gun’ shades charm internet, get mocked by Trump at Davos

   French President Emmanuel Macron’s aviator sunglasses have caught the eye, ‌with social media users debating his choice of a Top Gun look as ‍he criticised US President Donald Trump over Greenland during his speech in Davos. As he spoke at the annual World Economic Forum in the Swiss mountain resort of Davos on Tuesday, the French president wore dark, reflective sunglasses. Memes, comments and...

6. 2 Hong Kong labs linked to suspected cross-border smuggling of blood samples

   Health authorities are investigating whether blood samples from pregnant women are being smuggled into Hong Kong for testing, with two laboratories being referred for follow-up action. The Department of Health said on Wednesday that the case involved the suspected illegal importation of blood samples from mainland China for fetal gender testing. It said it had notified mainland authorities about...

7. Huge lines, laughs and gasps as Trump addresses Davos

   It looked like a rock concert: hundreds of the world’s rich and powerful stood in a massive line for a precious seat to hear US President Donald Trump deliver his speech in the Swiss ski resort of Davos. After a two-hour wait, the doors to the World Economic Forum’s congress hall closed to the disappointment of many who had to scramble for spots in four overflow rooms to watch him on television...

8. Japan restarts first nuclear reactor since Fukushima under close scrutiny

   Tokyo Electric Power Company (Tepco) on Wednesday restarted its first nuclear reactor since the 2011 Fukushima disaster, with the utility’s safety measures set to be closely watched as it seeks to turn around its business amid ongoing clean-up efforts from the accident. Tepco brought back online the No 6 reactor at the seven-unit Kashiwazaki-Kariwa complex in Niigata Prefecture, northwest of...

9. At Davos, Singapore’s Tharman calls for US-China rivalry to ‘benefit’ world

   Competition between the United States and China could help drive global progress, but only if both powers exercise restraint in sensitive areas such as nuclear technology and artificial intelligence, Singapore President Tharman Shanmugaratnam has said. Speaking at the annual meeting of the World Economic Forum in Davos on Wednesday, Tharman stressed that broad innovation benefits could come from...

10. Chips, soybeans, tariffs: what’s on tap for US-China talks before Trump’s next visit?

    Chinese and US negotiators are expected to discuss stepping up trade in AI chips and farm products, as well as what to do later this year when their hard-fought 2025 truce expires – all before President Donald Trump visits China for the first time in his current term, analysts said on Wednesday. US Treasury Secretary Scott Bessent suggested on Tuesday that the pieces were in place for an April...