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We have selected seven stories from the SCMP’s coverage 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. China starts mass production of world’s first non-binary AI chipChina has initiated the world’s first large-scale application of non-binary AI chips, integrating its proprietary hybrid computing technology into critical sectors including aviation and industrial systems.2. What do we know so far about China’s advanced J-36 and J-50 fighter jets?The latest image of a Chinese J-36 fighter started circulating on social media on Saturday.…
Nearly all the iPhones exported by Foxconn from India went to the United States between March and May, customs data showed, far above the 2024 average of 50 per cent and a clear sign of Apple’s efforts to bypass high US tariffs imposed on China.The numbers, being reported by Reuters for the first time, show Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to countries including the Netherlands, the Czech Republic and Britain.During March-May, Foxconn exported iPhones worth US$3.2 billion from India, with an average of 97…
Over two rounds of high-stakes talks on European soil, Europe has watched from the sidelines as the US and China tried to reach a truce that might stabilise the global trading system on which the continent is entirely reliant.Outcomes in Geneva and London that momentarily steadied the ship have been welcomed, even as officials in European capitals frantically parsed statements, posts and tweets for clues as to how the reverberations of US-China engagement would reshape Europe’s trade ties, both with the superpowers and beyond.In Brussels and other capitals, the exchanges served as a reminder of the extent to which Europe’s…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A $35bn US semiconductor industry merger is being delayed by Beijing’s antitrust regulator, after Donald Trump tightened chip export controls against China in a move that exacerbated trade tensions between the world’s two largest economies.China’s State Administration for Market Regulation has postponed its approval of the proposed deal between Synopsys, a maker of chip design tools, and engineering software developer Ansys, according to two people with knowledge of the matter.The transaction between the American groups, which has received the blessing of authorities…
Stay informed with free updatesSimply sign up to the Mining myFT Digest — delivered directly to your inbox.Canada is fast-tracking development of a critical minerals reserve over indigenous opposition to generate much-needed revenue in response to US President Donald Trump’s devastating tariffs.Trump is a “wake-up call” for the country to kick start its economy and developing the Ring of Fire” project in the far north of Ontario is “a top priority”, the province’s premier Doug Ford told the Financial Times. Ring of Fire “has more critical minerals than anywhere else in the world”, Ford said. “Our goal is to get…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Back in 1857, the Bank of Austria loaded 10mn ounces of silver on to a train and dispatched it to Hamburg. The reason? The city’s banks were about to collapse, having run out of reserves.So Austria sent that “silver train” to provide liquidity. And 30 years later the French central bank did the same with a boat of gold, during Britain’s Barings crisis.Might such aid be needed again, in a 21st-century dollar form? It is a question now being quietly mulled among…
Air India’s crash of a Boeing 787 jet that killed more than 200 people will be a huge setback to the former state-run carrier’s comeback plans after a change in its ownership to the Tata Group three years ago, according to analysts.The London-bound plane, carrying 242 passengers and crew, went down shortly after taking off from the western Indian city of Ahmedabad. Only one person survived.The deadly accident has raised questions about what possibly went wrong for the Boeing Dreamliner, one of the most modern passenger aircraft in service.Analysts say pinpointing the reason will need a deep and detailed study,…
Hong Kong stocks dropped on Friday as rising geopolitical tensions dimmed investors’ appetite for risk assets.The Hang Seng Index fell 0.4 per cent to 23,950.45 at 10.10am local time, though it was still heading for a small weekly gain following a temporary de-escalation of US-China trade tensions. The Hang Seng Tech Index fell 1.3 per cent. On the mainland, the CSI 300 Index dropped 0.6 per cent and the Shanghai Composite Index retreated 0.5 per cent.Sino Biopharm led losses as its shares fell 5.1 per cent to HK$5.40. Electric-vehicle maker BYD lost 3.3 per cent to HK$130 and peer Geely…
Hong Kong stocks dropped on Friday as rising geopolitical tensions dimmed investors’ appetite for risk assets.The Hang Seng Index fell 0.4 per cent to 23,950.45 at 10.10am local time, though it was still heading for a small weekly gain following a temporary de-escalation of US-China trade tensions. The Hang Seng Tech Index fell 1.3 per cent. On the mainland, the CSI 300 Index dropped 0.6 per cent and the Shanghai Composite Index retreated 0.5 per cent.Sino Biopharm led losses as its shares fell 5.1 per cent to HK$5.40. Electric-vehicle maker BYD lost 3.3 per cent to HK$130 and peer Geely…
The Chinese embassy in Tehran called Iran’s latest security situation “severe and complicated” following Israel’s military strikes early on Friday, while also warning its citizens and businesses to monitor the situation and take precautions.“The … embassy in Iran reminds Chinese citizens and businesses in the country to closely monitor the situation, enhance their safety awareness, and strengthen security measures,” it said in a statement.Israeli Prime Minister Benjamin Netanyahu has confirmed that Israel conducted strikes on nuclear targets in Iran, saying the operation was expected to continue for several days. US Secretary of State Marco Rubio said that the United States…