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South China Morning Post Business47d05/25

Game over? Shake-up proposed for Hong Kong internet cafes offering overnight stays

In a bustling Hong Kong commercial district, some internet cafes are shifting beyond serving as gaming hubs for young people looking to spend a few hours hunched over a computer playing video games. Inside one such venue in Mong Kok, gamers can rent one of two private booths for about HK$200 (US$25.52) a night. With a look that can only be described as “emergency bunker”, the metal-walled rooms come equipped with a high-end gaming desktop, a sofa bed, budget-friendly food, and self-service...

unclassifiedchina · asia
South China Morning Post Business47d05/25

Leaving family hardest part of Lai Ka-ying’s space mission, sister says

Leaving her family behind is the toughest part for Hong Kong’s first astronaut as she blasted off on Sunday for her six-month mission, according to her elder sister. Lai Ka-man recalled that when her sister, 43-year-old Hong Kong police superintendent Lai Ka-ying, was selected as a payload specialist in 2024, Ka-ying’s three children were still in primary school. They were now being cared for by both sets of grandparents and other family members. “When I saw my sister recently, I saw in her eyes

unclassifiedchina · asia
South China Morning Post Business47d05/25

Trump’s overseas application for US green card rule unnerves Asian workers

A new US immigration policy could force many green card applicants to leave the country and apply from abroad, disrupting families, careers and long-term settlement plans for Asian workers already facing years-long backlogs for visas. US Citizenship and Immigration Services said on May 22 that it would only grant “adjustment of status” – the process that allows prospective immigrants already in the US to apply for permanent residence without leaving the country – in “extraordinary...

unclassifiedchina · asia
South China Morning Post Business47d05/25war-conflict · 2/5

Pope calls for ‘disarming’ of AI, technology should be ‘human friendly’

Pope Leo called for the “disarming” of artificial intelligence in his long-awaited manifesto on the rapidly developing technology on Monday, and warned of “new forms of slavery” behind its rise. The “just war” theory – espoused recently by the Trump administration – was “outdated”, Pope Leo XIV wrote in his first encyclical, which he presented in person at the Vatican, alongside AI experts including the co-founder of US giant Anthropic. The first US pope, who has clashed with the White House...

unclassifiedchina · asia
OilPrice.com47d05/25

Australia Set to Include Existing LNG Deals in Gas Reservation Scheme

Australia plans to include existing LNG contracts in its so-called Domestic Gas Reservation scheme, expected to come into force in July 2027, to ensure local supply. The new Australian regulation, which is still a draft proposal subject to consultation from industry and other stakeholders, requires that local producers set aside 20% of their domestic production for the Australian gas market. Under the draft Design Framework, the Australian government published on Monday, the Government has been

unclassifiedmiddle-east · russia · usa
South China Morning Post Business47d05/25

As Chinese EV makers expand in Europe, are local automotive suppliers set to benefit?

European automotive suppliers are set to benefit from an influx of Chinese carmakers, thanks to growing demand for electric vehicles (EVs) and persistent local protectionism, according to Vulcan Energy Resources, a lithium and renewable energy producer in Germany. Chinese EV makers – from BYD to Xpeng – are planning to aggressively expand into Europe in search of higher profit margins, even as Brussels advances measures to protect local manufacturing amid a slower pace of electrification. On...

unclassifiedchina · asia · germany
South China Morning Post Business47d05/25

China ‘crazy boss’ shares AI images of him in women’s outfits, aims to become world’s richest

The founder of a fast-rising Chinese tech firm has become known as China’s “crazy boss” after a string of online stunts. Yu Hao, 39, from Jiangsu province in eastern China, is the founder and CEO of Dreame Technology, a smart home appliance maker best known for high-end robot vacuum cleaners. Founded in 2017, Dreame has grown rapidly in China’s crowded smart appliance sector. Public records show the company was once valued at about 45 billion yuan (US$6.6 billion) and it is reportedly aiming for

unclassifiedchina · asia · usa
South China Morning Post Business47d05/25

Hong Kong school to investigate potty-mouthed principal before deciding on action

The manager of a Hong Kong secondary school whose principal swore at security guards during a trip with students to Singapore will investigate the incident, but said it is too early to decide whether he should face any disciplinary action. Edmund Wong Chun-sek, a former lawmaker and school manager of San Wui Commercial Society Secondary School in Tuen Mun, added that the school wanted to ensure students on the trip were not affected by the incident. His remarks came after education authorities..

unclassifiedchina · asia · usa
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