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1. Crypto-based prediction markets popular but risky for Hong Kong users: experts

   Prediction markets are surging in popularity as cryptocurrency-based gambling platforms offering diverse gameplay and attractive odds, observers have said, warning against the risks of reneged payouts after the Hong Kong government halted plans for legalised basketball betting. They also warned on Tuesday that Hong Kong residents who participate in these platforms, which use cryptocurrency for...

2. Singapore’s Hormuz stance, Manila-Hong Kong housing gap: 7 Asia highlights

   We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Singapore’s refusal to negotiate over Hormuz creates waves in Malaysia Singapore’s pushback against negotiating with Iran over access to the Strait of Hormuz has...

3. China quietly profits from US AI boom despite Washington’s tech curbs: research

   China is gaining from America’s trillion-dollar artificial intelligence spending spree despite Washington’s efforts to curb Chinese technology ties, as the US data centre boom ripples through Asian technology supply chains, according to research by Oxford Economics. Roughly US$2 trillion worth of data-centre projects are planned or under way in the US, according to a report by the consultancy,...

4. Hong Kong tram operator launches real-time app, pledges no fare rise this year

   Hong Kong’s tram operator has launched a new mobile app that provides real-time arrival information while pledging not to raise fares this year. Hong Kong Tramways on Tuesday announced the new app which would use location data to inform commuters of the arrival times and destinations of the next three trams at their stop. Paul Tirvaudey, managing director of Hong Kong Tramways, said the operator...

5. Why Indonesia’s Prabowo is in Russia – and what he needs from Putin

   With millions of Indonesians at risk of being pushed into poverty amid a deepening global energy crisis, President Prabowo Subianto arrived in Moscow this week seeking something straightforward but increasingly scarce: cheap oil. Prabowo’s trip, which got under way on Monday, comes at a moment of acute regional anxiety. Global oil prices have skyrocketed since the United States and Israel...

6. Chinese team shows quantum tech can disrupt AI in a real-world task

   An AI computing centre capable of predicting weather patterns weeks in advance typically carries a price tag of US$100 million or more. Now, Chinese researchers say a small-scale quantum system can outperform such facilities at less than 1 per cent of the cost. The findings raise questions about the long-term economics of the global artificial intelligence infrastructure race. If compact quantum...

7. Japan-based China nurse criticised for posting work clips, raising privacy, ethics concerns

   A Chinese nurse working at a hospital in Japan has come under fire from both Chinese and Japanese netizens after allegedly routinely posting the personal and medical information of patients online. The Tokyo-based woman, identified as “Zhaozhaozzz”, has around 21,000 followers on social media where she regularly shares content about her life and work. Her personal details remain unclear. While...

8. Hong Kong lawyer faces new charges after second victim accuses him of indecent assault

   A Hong Kong barrister faces additional charges after a second victim accused him of indecent assault, joining a former pupil who levelled similar accusations over events that took place nine years ago. Prosecutors on Tuesday told Eastern Court that a second victim had come forward to file a complaint against Simon So Shun-yan, who was admitted to the bar in 2018 and founded his own chambers that...

9. Founder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trial

   China Evergrande Group’s founder and former chairman Hui Ka-yan pleaded guilty to charges including embezzlement of corporate assets and corporate bribery, according to a statement issued by the Shenzhen Intermediate People’s Court. The trial was held on Monday and Tuesday, and the court said it would issue its judgment at a later date. The charges against Hui and Evergrande also included...

10. What is really behind South Korea’s row with Israel?

    At least 26 South Korean tankers are thought to be stranded near the Strait of Hormuz. That fact alone may best explain why President Lee Jae Myung walked into a diplomatic firefight with Israel last week, analysts say. The row erupted on Friday when Lee commented on a grainy clip that appeared to show Israeli soldiers pushing a body from a rooftop. The footage, which dates to September 2024,...