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The financial head of Dutch chipmaking equipment giant ASML – following a year of double-digit sales growth for the company’s machines – said he expects the firm’s already declining sales to China to fall even further, as trade restrictions prevent shipments of the firm’s most advanced units to Chinese clients and demand for other models…
Hong Kong’s de facto central bank has warned the public to beware of interest rate uncertainties this year after leaving its base rate unchanged, following a similar move overnight by the US Federal Reserve, leaving borrowers in the city with a longer wait for funding costs to fall. The Hong Kong Monetary Authority (HKMA) announced…
US Treasury Secretary Scott Bessent said on Wednesday that the US and Canada were likely to end up in a “good place” on trade but warned Washington’s northern neighbour not to launch a political fight in advance of coming talks on the US-Mexico-Canada free trade deal. As long-standing US trading partners have been buffeted by…
Hong Kong health authorities have warned parents not to “blindly follow” overseas changes to childhood immunisation schedules, including for the hepatitis B birth dose, after the United States scaled back routine vaccine recommendations for infants. The city’s Centre for Health Protection issued the warning on Wednesday in response to a controversial overhaul by the US…
Last weekend, China’s Ministry of National Defense announced that the country’s two most senior generals – Zhang Youxia and Liu Zhenli – would be removed from office and placed under investigation for serious disciplinary violations. Zhang had been the People’s Liberation Army’s most senior general since October 2022. He was the highest ranking military member…
The illicit on-chainmoney launderingecosystem has grown dramatically in recent years, increasing from US$10 billion in 2020 to over $82 billion in 2025. [1] This substantial topline growth reflects the growing accessibility and liquidity of cryptocurrencies, as well as a fundamental shift in how this laundering activity occurs and by whom. As shown in the chart…
The EU–India trade deal, formally known as the EU–India Broad-based Trade and Investment Agreement, stands out as one of the longest, most intricate and politically revealing trade negotiations in the European Union’s contemporary history. Its roots lie in the early 2000s, when India and the EU — already significant commercial partners — began exploring ways…
TOKYO — As if US Treasury Security Scott Bessent didn’t have enough stuff with which to deal, gold is literally exploding higher on his watch. In any discussion of the global “debasement trade” gaining momentum in real time, the dollar is written between the lines in bold font. Gold is now at $5,200 for the…
China’s instructions to citizens not to visit Japan during the coming Lunar New Year holiday has been welcomed by some Japanese weary of overcrowding at tourist hotspots, while local travel operators say the immediate impact on business is likely to be limited. Beijing’s advisory, issued on Monday through the Chinese foreign ministry and diplomatic missions,…
US President Donald Trump said Tuesday he would “de-escalate a little bit” in Minneapolis, amid a backlash over the killings of two people by federal immigration agents. “We’re going to de-escalate a little bit,” Trump told Fox News after he sent his border tsar Tom Homan to the city and was expected to pull out…
