The UK has awarded contracts to build a record supply of offshore wind projects as part of its efforts to grow the country’s clean electricity sources. But the price paid for offshore wind has increased slightly since last year, with the sector hit by rising costs, although the impact of these projects on household bills…
China’s exports soared to record highs in 2025, defying trade tensions with Washington as Beijing’s diversification strategy successfully mitigated a decline in US-bound shipments. However, that resilience could face a new test this year, analysts warned. Full-year exports for 2025 climbed 5.5 per cent from a year earlier to US$3.77 trillion, according to customs data…
China announced record export numbers for 2025, a year when US President Donald Trump’s tariffs and trade policy caused turmoil in the global economy. Beijing on Wednesday reported the world’s largest-ever trade surplus – the value of goods and services sold overseas compared to its imports – at $1.19tn (£890bn). It’s the first time China’s…
You must have heard of Dubai chocolate: the sticky, indulgent confectionary filled with pistachio cream, tahini and shreds of knafeh pastry, which has become a global sensation. Now the decadent bar has inspired South Korea’s latest dessert craze. The Dubai chewy cookie has been selling like wildfire – and even restaurants that don’t usually offer…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. Hong Kong’s new Legislative Council is holding its first meeting on Wednesday, with lawmakers set to focus on follow-up actions after last year’s…
Donald Trump is the only world leader capable of stopping Vladimir Putin from threatening Europe, according to Poland’s President Karol Nawrocki. In an interview with Radio 4’s Today programme he said the Russian leader was not to be trusted, but that Europe needed to do everything it could to support President Trump in his efforts…
Watch: Trump vows ‘very strong action’ if Iran executes protesters President Donald Trump has said the US will take “very strong action” against Iran if it executes protesters, as rights groups say more than 2,400 anti-government demonstrators have been killed in a violent crackdown by Iranian authorities. Relatives of 26-year-old Erfan Soltani, who was detained…
Osmond ChiaBusiness reporter Getty Images Nvidia CEO Jensen Huang The US government has given chip giant Nvidia the green light to sell its advanced artificial intelligence (AI) processors in China, the Department of Commerce said on Tuesday. The H200, Nvidia’s second-most-advanced semiconductor, had been restricted by Washington over concerns that it would give China’s technology…
The US has officially green-lighted Nvidia to sell its H200 artificial intelligence chips in China, as the Trump administration seeks to strike a balance between curtailing China’s AI progress and maintaining American AI firms’ global market share. The H200, US chip giant Nvidia’s second-most-advanced AI processor, can be shipped to China under conditions that include…
The US is saber-rattling over Greenland once again. The vast island’s natural resources are back on the agenda, a year after then-US national security advisor Michael Waltz announced: “This is about critical minerals. This is about natural resources.” Greenland is endowed with both fossil fuels and critical raw materials. It possesses at least 25 of…
