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1. Iran war latest: Trump has ‘no time frame’ as world waits for peace talks

   All eyes are on the Strait of Hormuz as the world waits for a new round of US-Iran peace deal talks to ease the global energy crisis, while the extended ceasefire announced by US President Donald Trump remains up in the air. These are the main takeaways from what happened overnight. Peace talks? It remains unclear when the two sides will return to the negotiating table. Trump on Wednesday said...

2. Travel scheme could allow Hong Kong, Macau yachts to sail to 6 Greater Bay Area ports

   A long-awaited cross-border solo travel scheme will allow yachts from Macau and Hong Kong to easily sail to about six designated ports in the western waters off the Greater Bay Area, with the policy to be finalised as early as this summer, the South China Morning Post has learned. A Guangdong provincial government document, seen by the SCMP, also showed several routes that were recommended for...

3. Smuggled chicken discovery hints at Cambodian shortages amid Thai border conflict

   Plastic bags stuffed with rotting chicken from a smugglers’ boat washed ashore in Thailand have hinted at shortages inside Cambodia, as formal trade between the neighbours collapses due to the border conflict and illicit cargo flows surge instead. While demand appears high for smuggled Thai oil, fruit, meat and consumer items like soap, the Cambodian public is maintaining a boycott of Thai...

4. Billionaire Justin Sun sues Trump family crypto venture

   Entrepreneur Justin Sun filed a lawsuit on Wednesday accusing a Trump family-backed cryptocurrency platform of fraud and alleging he was blocked from withdrawing his assets. In a San Francisco federal court filing reviewed by Agence France-Presse, the Chinese-born crypto billionaire and former Trump ally claims to have bought US$45 million worth of WLFI, an electronic currency launched by World...

5. US visa system ‘rolls out red carpet’ for Chinese spies, congressional hearing told

   The US visa system rolls out the “red carpet” for spies and aids China’s alleged efforts to steal American innovation, senators charged at a congressional hearing on Wednesday, as Washington and Beijing intensify competition for dominance in artificial intelligence and advanced technologies. Through its permissive legal channels, the US is “inviting, welcoming, come on in with the red carpet...

6. What Hong Kong’s conservative stablecoin licence roll-out reveals

   The most revealing fact about Hong Kong’s stablecoin launch is not that licences were issued. It is who got them, and who did not. By handing the first approvals to HSBC and the Standard Chartered-led joint venture Anchorpoint Financial, regulators made clear from the start that digital money in Hong Kong will be bank-led. That choice matters because Hong Kong is not trying to become Asia’s...

7. Trump’s top Navy official out, with US still locked in war with Iran

   US Secretary of the Navy John Phelan will leave office “immediately,” the Pentagon announced Wednesday, without providing an explanation for the sudden exit. Phelan’s departure follows the removal of top US Army officer General Randy George and two other senior officers earlier this month, at a time when the United States is locked in a war with Iran that still remains unresolved. Phelan “is...

8. Trump envoy seeks to replace Iran with Italy in World Cup, report says

   A top envoy to ⁠US President Donald Trump has asked Fifa to replace Iran with Italy in the coming World Cup, the Financial Times reported on Wednesday. The plan is an effort to repair ‌ties between Trump and Italy’s Prime Minister Giorgia Meloni after the two fell out amid the American president’s attacks against Pope Leo over the Iran war, the FT reported, citing people familiar with the...

9. Inside Tesla’s hidden supply chain: how a Chinese town shapes the modern world

   Few people have heard of Huangyan, a booming industrial district of Taizhou, a city in eastern China’s Zhejiang province. Yet without it, many cars would likely be heavier, more expensive and less energy efficient, while everyday household goods would probably cost more. The town specialises in plastic components and moulding equipment – unassuming products that rarely make the news, but sit at...

10. China bought zero H200 chips ‘as of today’, says Lutnick as he cites ‘delicate balance’ with Xi

    US Commerce Secretary Howard Lutnick sought to quell fears in Senate testimony on Wednesday that American technology was aiding China’s military, but drew scepticism given the US president’s willingness to sell advanced semiconductors. Lutnick asserted before the powerful Senate Appropriations Committee that US President Donald Trump was striking a “delicate balance” on the technology transfer...