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The 2025 film Nuremberg ends with a sober line from British historian R.G. Collingwood: “The only clue to what man can do is what man has done” – a stark reminder that history repeats when justice does not.While the crimes of Nazi Germany were brought before an international tribunal 80 years ago, the atrocities committed by Japan’s secret Unit 731 in northeast China’s Heilongjiang province during the second world war – have never faced a comparable legal reckoning.The covert unit conducted lethal human experiments that killed at least 3,000 people and biological warfare attacks that led to hundreds of thousands…

Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to compete with global and domestic rivals, according to a person familiar with the matter.The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, was aiming for a listing as early as January, the person said. The IPO size had not been finalised, despite a July media report suggesting a range between HK$4 billion (US$514 million) and HK$5 billion, another source said. Alibaba owns the South China Morning Post.The listing is pending approval from…

Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to compete with global and domestic rivals, according to a person familiar with the matter.The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, was aiming for a listing as early as January, the person said. The IPO size had not been finalised, despite a July media report suggesting a range between HK$4 billion (US$514 million) and HK$5 billion, another source said. Alibaba owns the South China Morning Post.The listing is pending approval from…

US and Japanese defence chiefs spoke on the phone on Friday about the recent confrontation between Chinese and Japan Self-Defence Force fighter jets, as Tokyo said it did not seek to escalate the tensions.During the call, Japan’s defence minister Shinjiro Koizumi and his US counterpart Pete Hegseth engaged in a “candid exchange” of views on the “rapidly deteriorating” security situation in the Indo-Pacific region, according to a Japanese defence ministry release.“The two sides stated serious concerns about any actions that heighten tensions in the region, expressing that China’s actions do not contribute to peace and stability in the region,” the…

Broadcom on Thursday evening reported another strong quarter and better-than-expected guidance for the current quarter. Nonetheless, the Club stock gave up its initial pop and traded sharply lower as the Q & A session of the post-earnings conference call kicked off. Investors were apparently not satisfied with CEO Hock Tan’s answer to an important question. Revenue in the fiscal 2025 fourth quarter, which ended Nov. 2, increased 28% year over year to $18.02 billion, ahead of the $17.49 billion consensus forecast, according to the consensus of analyst estimates compiled by LSEG. Adjusted earnings per share increased 37% to $1.95, also…

Hong Kong stocks rose on Friday as traders positioned for additional growth-supportive measures after Beijing vowed to strengthen the domestic market to buffer against external headwinds at its annual central economic work conference.The Hang Seng Index gained 1 per cent to 25,795.40 as of 10am local time, trimming its weekly loss to 1.4 per cent. The Hang Seng Tech Index advanced 0.9 per cent. On the mainland, the CSI 300 Index dropped 0.1 per cent and the Shanghai Composite Index lost 0.4 per cent.Online-game provider NetEase jumped 2 per cent to HK$213.80 after JPMorgan analysts said its shares had upside…

Hong Kong stocks rose on Friday as traders positioned for additional growth-supportive measures after Beijing vowed to strengthen the domestic market to buffer against external headwinds at its annual central economic work conference.The Hang Seng Index gained 1.4 per cent to 25,885.42 as of 11am local time, the biggest gain since November 24. It helped trim its weekly loss to 0.8 per cent. The Hang Seng Tech Index advanced 1.6 per cent. On the mainland, the CSI 300 Index climbed 0.4 per cent and the Shanghai Composite Index was little changed.Online-game provider NetEase jumped 2.3 per cent to HK$214.40 after…

Bangladesh’s national security adviser recently made a low profile visit to New Delhi, holding talks with his Indian counterpart in what many in Dhaka saw as a sign that the two neighbours might reset ties following bilateral tensions over the self-exile of former prime minister Sheikh Hasina in India.The meeting was the highest-level contact since Bangladesh’s interim government took office. Analysts say the path to repairing ties remains fraught even if India is prepared to work with whomever wins Dhaka’s coming election.Discussions between Bangladesh’s National Security Adviser Khalilur Rahman and his Indian counterpart Ajit Doval took place last month, shortly…

Hong Kong-based Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), has no plans to sell its prized Rosewood brand, according to sources familiar with the matter.“Rosewood has delivered exceptional results in recent years and is one of the family’s most cherished luxury hotel brands,” a source said.The group’s properties were operating as usual, with strategic investments in nearly 30 countries across the world, the sources said. “CTFE undertakes regular reviews of its strategy to unlock long-term business value, including tangible assets,” they added, suggesting…

The United Arab Emirates (UAE) is rapidly cementing its position as a global leader in the digital asset sector on the back of its regulatory infrastructure and the institutional adoption of cryptocurrencies, according to industry insiders at the fourth edition of Abu Dhabi Finance Week (ADFW).Speaking at ADFW, the largest financial and investment gathering in the Middle East and North Africa, Binance co-CEO Richard Teng said the UAE had been at the industry’s forefront, as capital city Abu Dhabi was the first jurisdiction to start regulating cryptocurrencies in 2018.Teng said he pushed for that development during his stint as CEO…