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4d07/07

Thai beer heir opens up, Philippine ube’s ‘purple gold rush’: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia 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. US touts regional ‘balance’ in missile sale to Singapore. What does it mean? Washington has recently approved a proposed US$22.3 million sale of additional Hellfire missiles to Singapore, with the US State Department declaring that the transfer and associated arms...

unclassifiedchina · asia · usa
4d07/07

Singapore named world’s most expensive city for luxury spending for fourth year in a row

Singapore is the world’s most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewellery surge around the globe. Zurich climbed to second place, edging out London, while Monaco entered the top three for the first time since the survey began in 2020, according to an annual report by Swiss wealth manager Julius Baer Group. Hong Kong and London rounded out the top five. Zurich’s three-place rise was propelled by the strengthening of the Swiss.

unclassifiedchina · asia · usa
4d07/07

North Korea makes play for spot in China-Russia drills with missile test

Kim Jong-un stood on a cliff top and watched his navy come of age. As the North Korean leader looked on, 10 cruise missiles tore off the deck of the Kang Kon in rapid succession in a display of naval power Pyongyang could once only dream of staging. Analysts say the weapons test on Friday was no accident of timing – coming just days before Russia and China would begin their Joint Sea 2026 maritime exercise off Qingdao – and North Korea wanted to make sure everyone was watching. “North Korea is..

unclassifiedchina · asia · russia
4d07/07war-conflict · 3/5

The U.S. Army Just Took a Historic Step to Break China's Rare Earth Dominance

The U.S. Army has placed REalloys at the center of America’s drive to rebuild its heavy rare earth supply chain, selecting the company to build and operate the first-ever commercial critical mineral processing operation on a U.S. military installation. REalloys plans to build a heavy rare earth processing complex at the Tooele Army Depot in Utah capable of refining dysprosium and terbium, two of the most strategically important rare earth elements used in high-temperature permanent magnets for d

unclassifiedmiddle-east · russia · usa
4d07/06

Canada picks German firm for new submarine fleet, South Korean competitor loses out

In a closely watched outcome, Canada on Monday chose a major German defence contractor over its South Korean competitor to build a US multibillion-dollar fleet of submarines, as mid-tier nations increasingly work together in the face of a less reliable United States. Canadian Prime Minister Mark Carney said that Ottawa chose Thyssenkrupp Marine Systems (TKMS)’s package over Hanwha Ocean Company’s. The move is expected to strengthen ties between Canada and Nato, which is holding a two-day summit.

unclassifiedchina · asia · germany
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