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1. US warns of deep distrust even as officials seek stable China ties for summit

   Just hours apart on Capitol Hill on Tuesday, two congressional hearings laid bare the United States’ calibrated yet deeply sceptical approach to China, with senior officials stressing the pursuit of stable ties without trust and highlighting alleged Chinese efforts to steal or circumvent US technology restrictions. The officials’ appearances before Congress reflected bipartisan concern and...

2. ‘Huge funds’ for tech hub, incentives for aerospace sector in Hong Kong budget: sources

   Hong Kong’s finance chief will earmark substantial funds for a new innovation hub near the border with mainland China and include incentives to attract more aerospace players to the city in his budget, government sources have said. Highlighting innovation as a key theme of Financial Secretary Paul Chan Mo-po’s budget speech to be delivered on Wednesday, the insiders told the South China Morning...

3. Why Brics can’t do away with US dollar even as currency cooperation rises

   Brazil’s dismissal of the idea of a Brics currency signals that the bloc may continue to pursue less politically fraught monetary cooperation that stops short of challenging the US dollar’s dominance, such as swaps and seamless payment systems, according to analysts. During Brazilian President Luiz Inacio Lula da Silva’s recent trip to India, Lula sought to downplay speculation that the...

4. Malaysian resort owners face huge fines, jail over ‘exotic’ pangolin menu for tourists

   A Malaysian resort offering pangolin soup and meat for an “exquisite” experience for tourists is going to pay dearly after authorities swooped in on their illegal activities. In an integrated crackdown dubbed “Ops Khazanah” on Monday, Sabah Wildlife Department (SWD) officials, together with the police, raided a resort in Semporna district after getting information that the operators were storing...

5. SFC moves to freeze assets of 3 insider traders who have left Hong Kong

   The Securities and Futures Commission (SFC) has secured for the first time separate court orders in Hong Kong and the UK to freeze HK$4.3 million (US$552,948) in assets belonging to three alleged insider traders – including a former Hong Kong Exchanges and Clearing (HKEX) staffer – who have left the city. The city’s Court of First Instance granted a worldwide interim injunction order against the...

6. IPs, superyachts and more: can budget spark Hong Kong’s purple patch?

   Hong Kong Financial Secretary Paul Chan Mo-po will deliver his annual budget on Wednesday, unveiling measures to accelerate the city’s economic recovery after balancing the books, amid mounting expectations for more “sweeteners” in the blueprint. The 2026-27 budget also marks the government’s first major test in aligning the city with mainland China’s 15th five-year plan and unveiling long-term...

7. Smaller, faster, smarter: Chinese transistor ready for future AI chips

   A team of Chinese scientists has unveiled the world’s smallest and most energy-efficient transistor in a breakthrough poised to anchor the next generation of high-performance AI hardware. The researchers achieved the feat in ferroelectric transistors (FeFETs), which function similarly to neurons in the human brain as they integrate memory and processing in a single unit, thereby reducing the...

8. US boards third Venezuela-linked oil tanker in Indian Ocean

   US military forces boarded a third sanctioned oil tanker in the Indian Ocean after tracking it from the Caribbean Sea in an effort to target illicit oil connected to Venezuela, the Pentagon said on Tuesday. An organisation that tracks ship movements said the vessel was the only tanker left to pursue after more than a dozen fled the coast of Venezuela following the capture of the South American...

9. EU has a key role to play in the new world order in the making

   The maxim, “The strong do what they can and the weak suffer what they must”, attributed to the Athenian historian Thucydides, described the reality of world politics for millennia. Today there are forces that wish to see a return to a world where “might equals right”. The European Union, born out of the ashes of war to secure lasting peace, stands for a different vision. We are convinced that...

10. New York police investigating after officers hit with snowballs: ‘criminal behaviour’

    New York police are investigating after officers were pelted with snowballs while responding to a massive snowball fight at Washington Square Park in Manhattan, as a winter storm blanketed the Northeast in snow. A video of the fracas shows two uniformed officers pacing a walkway in the park on Monday as snowballs fly at them from all directions, hitting the officers and covering them in...