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scmp - 5 month ago

US ‘gold card’ fails to lure rich Chinese, Shenzhen exports decline: SCMP daily highlights

From Trump’s attempt to entice wealthy Chinese to the US to Shenzhen’s ‘volatile’ trade in April, here’s a round-up from today’s coverage.

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Latest News

Ukraine lost 60% of gas output – Bloomberg

Britain faces winter gas shortages – FT

IMF issues global debt warning

AI could wipe out 100 million US jobs – Bernie Sanders report

Tesla beats Mercedes in sales

ECB boss warns EU against seizing Russian assets

No euro for Hungary as EU ‘falling apart’ – Orban

Apple lining up successor to CEO Cook – Bloomberg

Brussels moves to lift sanctions on Russian billionaire’s assets – FT

US dollar hits 30-year low in global foreign reserves – IMF

Musk becomes first person worth $500 billion – Forbes

Russian oil product finds unexpected top buyer – NGO

Ukraine conflict fuels ‘gold rush’ for Western weapons makers – NYT

Russian oil keeps flowing despite US pressure – Bloomberg

Saudi Arabia to buy world’s largest video games publisher

Russia’s finance minister explains VAT increase

US ‘ready to displace’ all Russian gas and oil in EU – energy secretary

Russian Finance Ministry proposes VAT increase

Russia to introduce 5% gambling tax

Post-Soviet trade bloc defying Western unilateralism – Iranian minister

Russians ramp up spending on foreign holidays – data

EU to unlock €500mn in bid for Orban’s Russia sanctions backing – FT

EU names member states still importing Russian gas

Billionaire Ellison to become most powerful US media mogul ever – NYT

Central Bank of Russia governor dismisses talk of recession

EU plans to seize €170bn of Russia’s frozen funds – FT

US and China reach ‘framework’ TikTok deal

China probes US chip giants

Fitch hits France with record-low credit score

EU could target ‘Russian SWIFT’ – Euractiv

Russia and China planning clearinghouse to avoid West – Moscow

France headed for ‘black hole’ – financial expert

China to open up ‘panda bonds’ to Russian energy giants – media

Russia and UAE agree major business deal – Kommersant

Gazprom boss warns EU to prepare for ‘cold winter’

Russia’s biggest bank sounds warning about economy

Russian economy cooling ‘faster than expected’ – ministry

EU country taps record volume of Russian gas

Russia-China gas deal to ‘turn the LNG market on its head’ – analysts

German unemployment hits ten-year high

Tesla sales slump in Europe – data

US extends loophole to keep banned Russian diamonds coming

EU ready to impose secondary sanctions on Russia’s partners – Bloomberg

China boosts AI chip output amid US export curbs – FT

US energy giant ‘in secret talks’ to return to Russia – WSJ

Britain faces worst crash in fifty years – economists

Russia sees tourism boom from Gulf states despite sanctions – FT

Russia to print new Syrian banknotes – Reuters

EU has given Ukraine €9bn in Russian money – data

US hails ‘major win’ over EU

Chinese refiners boost Russian oil imports – CNN

Major US firms ‘lining up’ to return to Russia – industry boss

European military stocks fall as Ukraine peace hopes rise

Ruble share of Russia’s exports hits record high

EU pledges to maintain Russian sanctions

China hits back at EU over Russia sanctions

EU state blasts Ukraine over key pipeline attack

US chipmakers to pay Washington for trade with China – media

US slaps tariffs on gold bars – media

Trump tariffs wipe out $12 billion from global carmakers – WSJ

Luxury brands suffer slump as tourist spending falls in Europe and Japan – FT

US ‘on precipice’ of recession – Moody’s chief analyst

Global trade hub seeking Russia partnership – media

Russia’s rich grow richer

BMW reports 29% drop in profits

Trump announces EU-style deal with South Korea

Vast majority of sanctions against Russia haven’t worked – expert

Apple closes store in China for first time

Russia bans all gasoline exports

Trump tariffs to cost German car giants over €10bn – study

Trump’s tariffs to cost global economy $2 trn – Bloomberg

Trump backs down on tech export restrictions to China – FT

Russia crosses ruble foreign trade threshold

US-made Taiwanese microchips cost up to 20% higher – leading buyer

EU’s Russian diesel ban pushing up prices – industry boss

Asian company achieves $1 trillion valuation for first time

AI fueling energy price rises in US – FT

Russia ousts Germany from global top-five beer brewers – report

Mass bankruptcies threaten Russian construction sector – industry leader

Trump Media invests $2 billion in Bitcoin

US Treasury chief calls for review of Fed for ‘many mistakes’ (VIDEO)

China posts over 5% growth despite trade war

Beijing slams EU for including Chinese firms in Russia sanctions

Russian inflation cooling down – Bloomberg

Putin aide issues warning on Russian economy

Bitcoin soars to new all-time high

Russian companies losing interest in foreign currency – central bank

US Treasury reports surprise surplus

EU plans to tax big corporates to boost coffers – FT

Ruble hits two-year high against dollar

Trump threatens Brazil with 50% tariffs over ‘witch-hunt’ trial

Snoop Dogg drops music VIDEO about Telegram gifts

Musk’s X CEO steps down

Trump announces stinging tariffs on US allies in Asia

Putin takes action against Apple

National currencies free BRICS from Western pressure – Russian finance minister

China buying up mines globally – FT

Russia sanctions trigger European trust fund crisis – FT

Russia’s fertilizer exports to BRICS soaring – industry

Trump threatens BRICS partners with extra tariffs

Trump threatens BRICS partners with extra tariffs

Russian pipeline gas exports to EU fall – Reuters

Trump to reinstate sweeping tariffs

Russia’s international reserves hit all-time high – central bank

British pound may go ‘woke’

EU could become ‘province of China’ – German industry leader

Dollar enduring worst year since 1973 – NYT

Russian IT sector sees Asia influx — Kommersant

Richest Russians add $24 billion to wealth – Bloomberg

China boosting purchases of Russian metals – Bloomberg

Canada scraps tax on tech giants in bid to revive US trade talks

Russia’s largest bank delivers pessimistic 2026 forecast

US lifts Russia sanctions that blocked key NPP construction in EU state

Trump Mobile drops ‘Made in USA’ label amid China copycat concerns

Russia will not bend under sanctions – finance minister

Putin explains what will happen if West ‘robs’ Russia’s reserves

Oil prices surge on new US data

Bezos trying to cash in on Musk-Trump falling out – WSJ

China warming to new Russian mega gas pipeline – WSJ

German export outlook slips on trade fears – survey

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China’s next-gen surveillance tools get AI boost to target Telegram and VPN users

China’s next-gen surveillance tools get AI boost to target Telegram and VPN users

China’s advanced Fujian carrier conducts ‘intensive’ eighth sea trial

China’s advanced Fujian carrier conducts ‘intensive’ eighth sea trial

Russia’s international reserves hit all-time high – central bank

Russia’s international reserves hit all-time high – central bank

Russia could restrict return of Western brands – Izvestia

Russia could restrict return of Western brands – Izvestia

Trump to reinstate sweeping tariffs

Trump to reinstate sweeping tariffs

China accuses US of violating trade truce

China accuses US of violating trade truce

Philippine politician slams US travel warning: ‘unfair treatment from our No 1 ally’

Philippine politician slams US travel warning: ‘unfair treatment from our No 1 ally’

Malaysia denounces Israeli bombardment of Gaza, says Asean ‘cannot remain silent’

Malaysia denounces Israeli bombardment of Gaza, says Asean ‘cannot remain silent’

George Floyd’s uncertain legacy marked in US 5 years on

George Floyd’s uncertain legacy marked in US 5 years on

Hong Kong surgical robot start-up Cornerstone eyes funds to take on da Vinci

Hong Kong surgical robot start-up Cornerstone eyes funds to take on da Vinci

Telegram announces partnership with Musk

Telegram announces partnership with Musk

China’s mega bridges: build smarter, build higher, build where others won’t dare

China’s mega bridges: build smarter, build higher, build where others won’t dare

Hong Kong helicopter rescues 3 women after Big Wave Bay coastal hike turns perilous

Hong Kong helicopter rescues 3 women after Big Wave Bay coastal hike turns perilous

China’s spy agency warns of foreigners posing as scholars, tourists, ‘insincere lovers’

China’s spy agency warns of foreigners posing as scholars, tourists, ‘insincere lovers’

Russia is open to ‘smart’ foreign investment – first deputy PM

Russia is open to ‘smart’ foreign investment – first deputy PM

Western businesses in no rush to leave Russia – survey

Western businesses in no rush to leave Russia – survey

Suriname begins vote for government to steer new-found oil wealth

Suriname begins vote for government to steer new-found oil wealth

US extends tariff exemptions on certain Chinese imports

US extends tariff exemptions on certain Chinese imports

Pope Leo prays for Chinese Catholics to be in communion with Rome

Pope Leo prays for Chinese Catholics to be in communion with Rome

Ship sinks off India’s coast, spilling oil and cargo containers

Ship sinks off India’s coast, spilling oil and cargo containers

Israeli strikes kill 30 in Gaza, including rescue service official and local journalist

Israeli strikes kill 30 in Gaza, including rescue service official and local journalist

Trump Org releases golden smartphone (PHOTO, VIDEO)

Trump Org releases golden smartphone (PHOTO, VIDEO)

EU nation blames Ukraine for energy crisis

EU nation blames Ukraine for energy crisis

Cambodia is home to world’s most powerful criminal network: report

Cambodia is home to world’s most powerful criminal network: report

Covid cases reaching a peak in China and will start falling next month: leading expert

Covid cases reaching a peak in China and will start falling next month: leading expert

Trump Mobile drops ‘Made in USA’ label amid China copycat concerns

Trump Mobile drops ‘Made in USA’ label amid China copycat concerns

In Singapore, ‘third places’ tap into yearning for deeper physical connection in digital age

In Singapore, ‘third places’ tap into yearning for deeper physical connection in digital age

Russia to increase gas supplies to European country

Russia to increase gas supplies to European country

More Russians warming to US – poll

More Russians warming to US – poll

Plague of flying pests adds to Osaka World Expo’s woes in Japan

Plague of flying pests adds to Osaka World Expo’s woes in Japan

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Putin hails Russia’s economic growth

Euro could dethrone US dollar – ECB

Polish farmers call for Russian cucumber ban

EU nation blames Ukraine for energy crisis

Trump agrees to delay EU tariffs

China’s former state employees warned not to leak classified information

Philippine politician slams US travel warning: ‘unfair treatment from our No 1 ally’

China’s ambassador hits out at Australia’s ‘questionable’ Darwin port plan

Plague of flying pests adds to Osaka World Expo’s woes in Japan

Israeli strike on Gaza school sheltering displaced people kills at least 20

Ship sinks off India’s coast, spilling oil and cargo containers

China couple choose bicycles over limousines for wedding, get community blessings

China’s advanced chest pain centre standards to go global through Hong Kong

Can neighbours, security guards do more to help Hong Kong single families in need?

Go fish: China to deliver world’s first salmon-farming ship, modernising fisheries

Sleep helps the brain enter repair mode to clean up free radicals, Chinese study finds

Hong Kong surgical robot start-up Cornerstone eyes funds to take on da Vinci

World’s fastest coilgun, Korean-Chinese food, cancer drug trials: 5 weekend reads

Shirtless man detained in Vietnam for vandalising historic throne

China’s mega bridges: build smarter, build higher, build where others won’t dare

In Singapore, ‘third places’ tap into yearning for deeper physical connection in digital age

Rita, Indo-Pacific bottlenose dolphin at Hong Kong’s Ocean Park, dies at 24

Asean summit opens in Malaysia with trade dismay, US tariffs top of mind

China should mull a 4% GDP target, focus on jobs, debts in next 5 years: former official

Hong Kong to ride IPO wave as global investors pour in, JPMorgan says

Systems collapse could knock out Taiwan without a fight, military magazine says

Air India ranks dead last for punctuality in UK: ‘completely unacceptable’

How Hong Kong can reassert its global edge in an uncertain world

China university criticised for requiring student to lower pants for menstrual pain leave

Hong Kong warned of surge in inflammatory bowel disease rates

As Hong Kong office rents plummet, landlords upgrade with video walls to lure tenants

Ahead of election in Malaysia’s Sabah, voters yearn for end to daily shortages

Wealthy investors see ‘time to buy’ Hong Kong stocks amid trade war: Standard Chartered

Israeli PM Netanyahu meets visiting US homeland security chief Kristi Noem in Jerusalem

Trump ‘not happy’ with Putin after Russian strikes on Ukraine kill 13

EU chief vows to advance trade talks after ‘good’ Trump call

Truth in the truce: Wendy Cutler mulls if US-China trade can find lasting peace

Renault leverages Shanghai development centre for cars aimed at markets outside Europe

Suriname begins vote for government to steer new-found oil wealth

After hardline Yoon, South Korea needs a more balanced foreign policy

US-German citizen charged with trying to attack US embassy office in Tel Aviv

Pope Leo prays for Chinese Catholics to be in communion with Rome

George Floyd’s uncertain legacy marked in US 5 years on

Israeli strikes kill 30 in Gaza, including rescue service official and local journalist

Suspect was released from psychiatric care a day before Hamburg attack, officials say

6 die in weekend mountain accidents in Swiss Alps

French President Macron hopes for defence, energy and tech deals as he starts Asia trip

King Charles to visit Canada for throne speech amid US tensions

Hong Kong village church members wonder where next after relocation order

Bangladesh: first trial begins for Hasina-era officials, police

China’s corruption busters eye key tech sectors as Beijing gears up to challenge US

Russia kills at least 12 in Ukraine war’s largest air attack

Musk ‘back to 24/7’ work on his business projects

Hundreds of poor Hongkongers face cutbacks in essentials when handout ends: poll

China’s advanced Fujian carrier conducts ‘intensive’ eighth sea trial

Hong Kong internet sensation ‘Mr Ho’ arrested over insecticide attack

Malaysia calls for expansion of Myanmar’s post-earthquake ceasefire

In picking Hong Kong over New York, CATL’s IPO was a strategic move

Can China’s new stealth tech challenge Trump’s Golden Dome?

Hong Kong man held after Zhuhai customs finds 42 mobile phones inside wheelchair

Wind, hail and heat: Extreme weather kills at least 14 and injures 100 in Pakistan

Covid cases reaching a peak in China and will start falling next month: leading expert

Hong Kong braces for midweek heavy showers and squally thunderstorms

UK renationalises first train operator, Labour vows improvements

Hong Kong helicopter rescues 3 women after Big Wave Bay coastal hike turns perilous

Hong Kong to get 10 pedestrian walkways in connectivity push

Chinese husband sings, dances for vegetative wife every day, finally awakening her

Rare owl bred in Hong Kong draws bird watchers galore, venue restricts access

Japan’s Ishiba eyes G7 summit, aims to advance US tariff talks

Signal failure leaves 17 stranded on Hong Kong’s Ocean Park Tower

China’s spy agency warns of foreigners posing as scholars, tourists, ‘insincere lovers’

How India and Pakistan are preparing for the next conflict

Why is Hong Kong scrimping on schools and splurging on elections?

Syrian government to aid search for missing Americans, US envoy says

China teacher threatens to throw pupil from third floor after boy sprays him with water gun

Job creator or industry killer? Europe’s EV sector faces Chinese investment dilemma

Trump defends ban on Harvard accepting foreign students, demands transparency

Vietnam and Thailand forge strategic ties to boost trade, reduce reliance on China

Hong Kong’s ‘bustling’ IPO market exceeds HK$76 billion mark this year

Elderly Japanese woman loses US$345,000 to scammers, joins gang as they are ‘kind’ to her

China is getting ready for a key meeting to discuss its next 5-year plan

New global mediation body could open in Hong Kong as early as end of 2025, official says

China ready to tackle ‘risks and challenges’, common development with Indonesia: Li Qiang

Hong Kong’s investment-for-residency scheme yields HK$16.5 billion over 14 months

Capital from Hong Kong, mainland China sets sights on Dubai, Abu Dhabi property

Crypto trader accused of kidnapping, torturing man in New York flat to get bitcoin password

Malaysia denounces Israeli bombardment of Gaza, says Asean ‘cannot remain silent’

Preparing Malaysia’s toolkit to weather Trump’s tariff storm

Hong Kong Palace Museum holds first fully digital show on Forbidden City

As fighting stops, India-Pakistan start narrative war to sway global opinion over conflict

Sources

channelnewsasia
RT business
scmp
straitstimes

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