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We couldnt reach them: Chinese firms Iran business in limbo after strikes
Rising tensions in the Middle East following attacks on Iran are having an impact on the trade corridors and investment plans of Chinese exporters and investors, who had seen Iran and the broader region as crucial growth markets. Joint strikes on Iran by the United States and Israel since Saturday have left shipments stalled, payments…
Indonesia-Malaysia chart a course for calming disputed seas
The Ambalat Block sits in a remote corner of the Sulawesi Sea, but the choices Indonesia and Malaysia make there will echo far beyond Borneo. After years of stop-start talks and periodic flare-ups at sea, both sides now say they plan to pursue joint economic development of the block’s rich oil and gas reserves, with…
Dutch retreat on Chinas Nexperia signals faster chip decoupling
The Dutch government’s latest decision to halt its intervention in Nexperia, the Chinese-owned chipmaker, may ease tensions with Beijing but it underscores what analysts describe as an accelerating Western push to decouple from China’s semiconductor supply chain. To understand the dynamic, start with the less-than-two-months sequence of events leading up to and including the latest…
Five years on, Putin consensus faces Ukraine strain
Perceived wisdom has it that the longer a war goes on, the less enthusiastic a public becomes for continuing the conflict. After all, it is ordinary citizens who tend to bear the economic and human costs. And yet, as the war following Russia’s full-scale invasion of Ukraine in February 2022 enters its fifth year, the…
HSBC suffers temporary system shutdown, stopping services in Hong Kong
HSBC, Hong Kong’s largest bank with a 6.2 million-strong customer base, suffered a widespread system breakdown on Friday afternoon. According to some customers, the bank’s mobile app and online services were inactive as early as 1pm, with login attempts diverted to a screen stating the system was under maintenance and would be accessible at a…
Chinas 5-year plan emphasises orderly AI development amid market volatility
Beijing has emphasised the safe and orderly development of artificial intelligence amid growing global anxiety about the disruptive impact of the rapidly advancing technology, as the country’s leaders put the final stamp of approval on China’s next five-year plan at this year’s “two sessions”. The 15th five-year plan elevates China’s AI Plus initiative as a…
