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1. Chinese industrial robot maker Inovance joins Hong Kong IPO queue

   Chinese industrial robot maker Shenzhen Inovance Technology submitted an initial public offering (IPO) application in Hong Kong on Tuesday, joining a wave of mainland tech firms seeking capital from international investors. Founded in 2003, Inovance is seen as a cornerstone of China’s industrial automation sector. The company’s shares, listed on the Shenzhen Stock Exchange since 2010, closed at...

2. China orders maritime security research as Strait of Hormuz crisis exposes trade risks

   China is stepping up efforts to secure critical sea lanes and protect its overseas assets, as crises at maritime chokepoints – including the Strait of Hormuz – expose growing vulnerabilities in global trade. In response, Beijing has tasked leading industrial enterprises and academic institutions with spearheading research to safeguard strategic trade corridors and overseas port holdings, amid...

3. Facing US and Chinese pressure, the EU must forge its own strategy

   Writing in Foreign Affairs, Tsinghua University’s Da Wei argued that China wants Europe to function as an independent pole in a changing global order, but that Europe lacks “a more independent soul”. He is half right. Europe has the assets for independence. What it lacks is the strategy. Europe and the United States face the same rival but carry different exposures. Since 2018, the US has cut...

4. China testing truck-mounted nuclear reactor that could power AI data centre

   China is testing a prototype nuclear reactor that can be carried on a truck, according to a leading scientist. He described the reactor, which has been in development for several years, as the “world’s first 10-megawatt vehicle-mounted nuclear power unit” and said the team behind it was now seeking opportunities to put it to use. This output would be enough to power a medium-sized AI data...

5. Greece man, 89, opens fire with shotgun, injures at least 4

   Police in Greece’s capital were searching for a gunman, reportedly aged 89, who opened fire on Tuesday in a social security office and a courthouse in central Athens, wounding at least four people. Armed with a shotgun, the gunman initially opened fire at the social security office, wounding an employee, police said. Police officers who arrived at the scene treated the man, but the gunman fled...

6. Is it wrong to show Taiwan army officers a film about KMT forces fighting Japan in WWII?

   A Taiwanese army officer has been punished for screening The Eight Hundred, a mainland Chinese war film depicting Kuomintang (KMT) forces fighting Japanese troops during World War II. The punishment has triggered a political row on the island over Beijing’s state-led messaging to sway opinions in Taiwan as well as historical interpretation and military education on the island. The controversy...

7. North Korea’s executions for watching K-dramas, foreign content surge during Covid-19: report

   When people were told to stay home during the Covid-19 pandemic, watching K-dramas became a solace for fans of South Korea’s best-known export around the world. But for North Koreans, it spelled death. A report released by North Korea-focused human rights organisation Transition Justice Working Group (TJWG) on Tuesday showed that the number of people executed for consuming South Korean cultural...

8. BYD, China’s EV king, posts a 55% slump in first-quarter profit

   BYD’s first-quarter net profit matched market estimates as China’s electric vehicle (EV) king partly offset weakness in its domestic market with rising exports. The mainland’s largest and most profitable EV maker reported a net profit of nearly 4.09 billion yuan (US$590 million) for the first three months of the year, a drop of 55 per cent compared with a year earlier. Revenue came in at 150.2...

9. Ukrainian drone attack on Russian oil refinery causes major fire, officials say

   A Ukrainian drone attack has caused a “large-scale fire” at ‌Russia’s Tuapse oil refinery on the Black Sea, forcing the evacuation of nearby buildings, local officials said on Tuesday. The Rosneft-owned refinery delivers oil products mainly for exports but operations have been halted since April 16 following an earlier drone attack, industry sources said. Ukraine did not immediately comment ⁠on...

10. Homeowner at Redhill Peninsula fined nearly HK$1 million for illegal structures

    A Hong Kong court has fined the owner of a luxury home at Redhill Peninsula nearly HK$1 million (US$173,938), the harshest penalty to date for illegal structures discovered during a government inspection at the seaside estate three years ago. Magistrate Tobias Cheng Yun-chung handed down a HK$980,000 fine on Tuesday on Future Ocean, which has owned No 74 at Redhill Peninsula in Tai Tam since...