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6d07/05

How bitter Persian Gulf rivals can make peace the Asean way

“The Emiratis – by far the most hawkish, by far the most pro-Israel country in the [Gulf Cooperation Council] – they’re having conversations with the Iranians that have never happened before,” US Vice-President J.D. Vance told British media outlet UnHerd following the Iran-US negotiations in Switzerland. The Iranians “are certainly talking differently than they have in the past”, he added in a note of cautious optimism, highlighting how both Washington and its allies in the Persian Gulf are...

◇ unclassifiedchina · asia · usa
6d07/05

Berkshire Hathaway’s multibillion-dollar buy of Taylor Morrison to boost US housing market

Berkshire Hathaway’s all-cash acquisition of home builder Taylor Morrison for US$6.8 billion is likely to trigger more investment in the US housing market, as institutional confidence in the segment encourages more home purchases in the world’s largest economy by local and overseas buyers, according to analysts. The US-based conglomerate made the investment in May, deepening its bet on the US residential property market. It marked the first multibillion-dollar acquisition under CEO and president

◇ unclassifiedchina · asia
6d07/05

Could China hawk Nancy Pelosi’s pick for US Congress influence Beijing ties?

While local bread-and-butter issues will dominate the November election in the US, former House speaker Nancy Pelosi’s endorsement of Connie Chan to succeed her in Congress could lead to opportunities at the margins of US-China relations, analysts said. Pelosi, the first female speaker, now honoured as speaker emerita, is one of Washington’s fiercest China hawks. Chan, 47, a San Francisco supervisor, is a progressive of Chinese ethnicity. According to observers, Chan’s candidacy opens up a range

◇ unclassifiedchina · asia · usa
6d07/05

Helpers’ union calls for raising food allowance to HK$2,770, citing inflation

A union representing foreign domestic helpers in Hong Kong has urged authorities to more than double their monthly food allowance to HK$2,770 (US$350), saying the current stipend averaging HK$13.30 per meal is insufficient due to inflation. Representatives from the Federation of Asian Domestic Workers Unions (FADWU) met Labour Department officials on Sunday after staging a protest. Besides the food allowance, the groups demanded an increase in the monthly minimum wage to HK$6,670 and contract...

◇ unclassifiedchina · asia · usa
6d07/05⚠ war-conflict · 3/5

India eyes further oil exploration after Iran war shortages

Hit by the biggest energy supply shock in decades during the Middle East war, import-dependent India is expanding domestic crude exploration, its oil minister says. India, the world’s third-largest importer of oil and the second-largest buyer of liquefied petroleum gas, faced major disruptions due to restrictions on the Strait of Hormuz during the conflict between the United States and Iran. With a temporary US-Iran deal in place to pause hostilities, oil and gas shipments are flowing through...

◇ unclassifiedchina · asia · usa
6d07/05

What is a good asset to invest if you believe a market correction is coming?

I strongly believe some sort of market correction will be happening between now and 2030, most probably triggered by the AI bubble popping, but the world geopolitics (and US politics where the largest chunk of the market depends on) are so unstable that it feels we are each day walking a tighter rope. I also received a bonus from work that I could put somewhere. But if I just do "WEBN and forget", or even if I dig into other ETFs, they will give about, idk, 5 to 10% that would get erased on a 50

Social◇ unclassifiedeurope
6d07/05⚠ war-conflict · 2/5

First money, now ‘loyalty’: Trump’s demands test Nato chief’s flattery tactics

Since he started work as Nato secretary general almost two years ago, Mark Rutte has spent much of his time trying to keep the United States anchored to the world’s biggest military alliance, employing outright flattery to dissuade US President Donald Trump from acting on threats to abandon it. But the goalposts keep shifting, raising the stakes ahead of this week’s summit in Turkey. Initially, it was about money. Trump has long railed against Nato allies for spending too small a fraction of...

◇ unclassifiedchina · asia · usa
6d07/05

Vance hopes Burnham delivers ‘structural change’ amid ‘broken’ UK politics

US Vice-President J.D. Vance said Britain had been “failed by its ⁠leadership for a long ⁠time”, adding that he hoped the country’s ⁠next prime minister could deliver the structural change voters were seeking after years of political turmoil. In an interview with the Sunday Times newspaper, Vance said frequent changes of government pointed to deeper problems in British politics. Prime Minister Keir Starmer announced last month he ‌would step down after two years in office, paving the way for...

◇ unclassifiedchina · asia · usa
6d07/05

At Khamenei’s funeral, Iranian poet says ‘world is no longer a good place’ for Trump

A performer at the funeral for Iran’s late supreme leader Ayatollah Ali Khamenei called for the death of US President Donald Trump before a crowd of hundreds of thousands of people on Sunday in the capital, Tehran. The comment represents the first, direct call for Trump’s death by an emcee at the funeral, which has seen posters and graffiti calling for the killing of Trump and Israeli Prime Minister Benjamin Netanyahu. That has been a hardline demand even as Tehran negotiates with the US over a.

◇ unclassifiedchina · asia · usa
6d07/05⚠ sanctions · 2/5

Chinese AI chip start-up exits stealth mode, bets on 3D stacking to bypass US controls

A Chinese artificial intelligence chip start-up led by industry veteran Wei Shaojun has emerged from stealth mode, joining giants like Huawei Technologies in betting on 3D stacking to bypass US tech export controls. Dongfang Suanxin, a company headed by Wei, who is also vice-president of the China Semiconductor Industry Association, has stepped into the spotlight by launching a corporate website and social media account, positioning itself as a new but formidable player in China’s AI computing..

◇ unclassifiedchina · asia · russia
6d07/05

Why US and China are struggling to reach a consensus over future shape of relationship

China and the United States may have agreed to establish a “constructive” relationship characterised by “strategic stability” but deep-seated differences have left the future shape of the relationship looking uncertain, a forum in Beijing heard on Saturday. Looking ahead to President Xi Jinping’s possible US visit later this year, Sun Yun, director of the China programme at US think tank the Stimson Centre, said such trips typically required a list of deliverables, “but to my knowledge, both the

◇ unclassifiedchina · asia · usa
6d07/04

Evacuation ordered as storms gather in Washington before Trump’s July 4 speech

An evacuation was ordered on Saturday evening at the National Mall as storms gathered around Washington just hours before US President Donald Trump was scheduled to deliver a speech commemorating America’s 250th anniversary of independence. Those on the Mall were encouraged to go to federal buildings nearby or Smithsonian museums. “Freedom 250 will share updates on programming and doors reopening,” Freedom 250 spokeswoman Danielle Alvarez said in a statement. Plans for fireworks were still...

◇ unclassifiedchina · asia · usa
6d07/04

Putin and Trump discuss Ukraine, Iran in US Independence Day call

Russian President Vladimir Putin and US President Donald Trump discussed Ukraine and the coming Nato summit in Turkey in a phone call Saturday. Putin congratulated Trump on the 250th anniversary of US independence in the call that lasted 85 minutes, Kremlin foreign policy aide Yuri Ushakov said in an audio message to reporters. “The presidents naturally touched on the topic of a Ukrainian settlement, including in light of Trump’s upcoming participation in the Nato summit in Turkey on July 7-8,”.

◇ unclassifiedchina · asia · russia
7d07/04

Trump seeks to put himself centre stage for US Independence Day

President Donald Trump will headline US Independence Day celebrations on Saturday with a speech and a show that seek to place him at the centre of the nation’s 250th anniversary. Trump has made no secret of his joy at presiding over the July 4 festivities, portraying the timing as a side benefit of winning a second term starting in 2025 – even as the Republican falsely claims he also won the previous election against Democrat Joe Biden. Celebrations will be held across the US to mark the...

◇ unclassifiedchina · asia · usa
7d07/04

As the US turns 250, young Asian-Americans weigh identity and China

As the United States marks the 250th anniversary of its founding, it confronts a new world order dominated by its relationship with China. In this wide-ranging series, we examine the pressure points and possibilities in those ties, from hard tech to soft power. Here, Lucy Quaggin looks at how Gen Z Chinese-Americans are navigating identity amid shifting US-China tensions. As a high school student on New York City’s Upper East Side, Chinese-American Hannah Liu would take the subway downtown on...

◇ unclassifiedchina · asia · usa
7d07/04⚠ war-conflict · 2/5

Japan pledges US$3 million for Kazakhstan’s Caspian Sea water decline

Japan has partnered with the UN Development Programme (UNDP) to support Kazakhstan’s efforts to address the decline in the Caspian Sea’s water level driven by climate change, pledging a 465 million yen (US$3 million) grant towards its sustainable use. Under the initiative for the world’s largest inland water body, Japan hopes to promote cooperation among littoral states on water resource management and enhance monitoring systems, according to the foreign ministry. The decline in the Caspian...

◇ unclassifiedchina · asia · japan
7d07/04⚠ war-conflict · 3/5

Lebanon’s president urges US solidarity as Israeli troops occupy south

Lebanese President Joseph Aoun on Saturday urged the United States to stand by his country, after reaching a US-backed framework deal with Israel aiming to permanently end hostilities after the latest Israel-Hezbollah war. The deal reached in Washington calls for the disarmament of Iran-backed militant group Hezbollah, a gradual Israeli withdrawal from southern Lebanon and the deployment of the Lebanese army there, starting with two “pilot” areas. Hezbollah has rejected the deal, which does not.

◇ unclassifiedchina · asia · usa
7d07/04

Nobel-winning materials scientist Omar Yaghi joins China’s Tsinghua University from the US

Omar Yaghi, the winner of last year’s Nobel Prize for chemistry, has left the United States to lead a new AI-driven research centre at China’s Tsinghua University. The 61-year-old materials scientist will head a team working on ways artificial intelligence (AI) can transform the design and synthesis of new materials and shorten their development cycle “by orders of magnitude”, Tsinghua said on Friday. Speaking at his appointment ceremony, Yaghi said he hoped to develop materials to tackle major.

◇ unclassifiedchina · asia · usa
7d07/04

Renowned neurobiologist and former taekwondo captain Chih-Ying Su leaves US for China

Celebrated neurobiologist Chih-Ying Su, who specialises in research on the sense of smell using fruit flies and mosquitoes, has left her position as faculty vice-chair at the University of California San Diego to join the Shenzhen Academy of Medical Sciences (SMART). The Taiwan-born American scholar’s appointment as a full-time senior investigator was confirmed by SMART on July 2. Professor Su’s lab focuses on how olfactory receptor neurons (ORNs) process odour information, as these neurons are.

◇ unclassifiedchina · asia · usa
7d07/04

Is it wiser for middle powers ‘not to take sides’ in face of US-China rivalry?

Middle powers would be better off hedging their bets rather than picking sides between countries such as the United States or China, a forum in Beijing heard on Friday. This view echoed the comments made by Canadian Prime Minister Mark Carney at Davos earlier this year when he said such countries should unite in the face of a “rupture in the world order”. Speakers at Tsinghua University’s World Peace Forum agreed that these nations should band together to seek more diversified partnerships. “So.

◇ unclassifiedchina · asia · usa
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