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1. US Treasury chief Bessent cautions Canada, says he’s disappointed by EU-India deal

   US Treasury Secretary ‍Scott Bessent said on Wednesday that the United States and ‍Canada were likely ‍to end up in a “good ‌place” on trade but warned ‍Ottawa not to start a ‌political ⁠fight ahead of coming talks on the US-Mexico-Canada ‌free trade deal. Speaking in a CNBC ⁠interview on Wednesday, Bessent also said he ‍was disappointed by Europe’s major trade with India and defended US...

2. Plane crashes in India, killing Maharashtra deputy chief minister and 4 others

   Ajit Pawar, the deputy chief minister of India’s wealthiest ‌state, Maharashtra, died in a plane crash on Wednesday when his charter aircraft went down in flames, killing him and four othrs on board, the aviation regulator has said. Pawar, who hailed from a top political family, was en route to his home region ⁠to canvass in local elections, media said. Two of his staff and two crew were also...

3. How AI model predicts heavy rainstorms 4 hours in advance

   Hong Kong and mainland Chinese scholars have developed a pioneering AI model that uses satellite data to forecast heavy rainstorms up to four hours before they strike, much earlier than current predictions allow. The model represented a “major advancement in atmospheric monitoring and severe weather early warnings, enabling faster and more accurate forecasts and strengthening regional disaster...

4. S&P 500 hits 7,000 for first time as Nvidia, Microsoft and AI boom drive market surge

   The S&P 500 breached the 7,000-point mark for the first time on Wednesday, driven by unrelenting optimism over artificial ‌intelligence and expectations of strong Big Tech earnings as well as monetary ‍policy easing. The benchmark index’s ascent between successive 1,000-point additions has quickened in recent years, reflecting mounting investor confidence in the US economy and corporate...

5. Why Greenland’s rare earth riches cannot end US dependence on China’s minerals

   Despite the United States pushing to acquire Greenland, geological and technical constraints have so far prevented any country – including China – from successfully extracting and processing one of the Danish territory’s main critical minerals, a New York-based mining investor said. “In the Arctic, one of the popular – the sort of commonly occurring mineral – is called eudialyte,” said Tomasz...

6. Caribbean island wins climate case against Netherlands forcing Dutch action on rising seas

   A court on Wednesday ordered the Dutch government to draw up a plan to protect residents on the tiny Caribbean island of Bonaire from the devastating effects of climate change – a sweeping victory for the islanders. The Hague District Court, in a stunning rebuke of Dutch authorities, also ruled that the government discriminated against the island’s 20,000 inhabitants by not taking “timely and...

7. Hong Kong eyes lowering age bar for health checks on commercial drivers to 65

   Hong Kong plans to lower the age threshold for mandatory medical certification for commercial vehicle drivers from 70 to 65 under legislative proposals to be submitted in the first quarter of this year, with the new rules supported by a transport advisory body. The government on Wednesday briefed the Transport Advisory Committee on the proposals to tighten medical fitness requirements for...

8. Hygon’s chips ‘safe’ from AMD security flaw amid China’s tech self-reliance drive

   Chips from Chinese semiconductor designer Hygon Information Technology were found unaffected by a recently disclosed vulnerability in products developed by its US tech licenser and former joint venture partner Advanced Micro Devices (AMD), according to analysts, which showed progress in China’s self-reliance drive. Hygon’s central processing units (CPUs), which were developed under a licence to...

9. Would Chinese or US supply lines be more vulnerable in a Pacific conflict?

   The US faces critical “sustainment risks” that might lead to rapid defeat in a conflict with China, according to a Heritage Foundation report, which also found that while such a scenario could start in the Taiwan Strait, it would not be contained there. Based on the findings of an AI-based study called Tidalwave – after a 1943 operation of the same name – the right-wing think tank urged...

10. Hong Kong transport chief pledges to refine bus seat belt rules after backlash

    Hong Kong’s transport minister has pledged to refine a policy requiring passengers to wear seat belts on buses by ensuring the devices become more user-friendly, while acknowledging lawmakers’ calls for a review of the recent law. Secretary for Transport and Logistics Mable Chan made the promise on Wednesday, less than a week after the new rules took effect. The regulations require all...