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South China Morning Post Business49d05/25war-conflict · 2/5

Iran’s president orders reopening of international internet access, state media reports

⁠Iran’s President Masoud Pezeshkian has issued an order to reopen international internet access, Iranian state media reported on Monday, citing an official after a ‌near-90-day blackout in the wake of the war against US and Israel. The report cited the head of public relations at Iran’s Communications Ministry. The mechanism for how and when Iran would reconnect to ⁠the global web following the decision was unknown. “The decree aimed at restoring internet access to its pre-January state was...

unclassifiedchina · asia · iran
Reddit r/geopolitics50d05/25war-conflict · 1/5

Deal with US not imminent, Iran says

Excerpts from article by the BBC's Paulin Kola: Iran says some progress has been reached in talks with the US, but a deal "is not imminent". Foreign ministry spokesman Esmail Baqai's remarks came after US Secretary of State Marco Rubio said an agreement could possibly be reached on Monday. "It is correct to say that we have reached a conclusion on a large portion of the issues under discussion," Baqai said in Tehran on Monday. "But to say that this means the signing of an agreement is imminent -

Socialunclassifiedusa · iran
South China Morning Post Business50d05/25

Estranged husband of former Scottish leader pleads guilty to embezzlement from party

The estranged husband of former Scottish leader Nicola Sturgeon pleaded guilty on Monday to embezzling more than £400,000 (US$540,000) from the Scottish National Party to fund a lavish lifestyle when he was its chief executive. Peter Murrell, 61, who was remanded into custody in the High Court in Edinburgh after his plea, admitted he used the money to buy a motorhome, two cars and luxury goods. “By embezzling from the SNP, Peter Murrell was stealing the hopes, the dreams and the aspirations of..

unclassifiedchina · asia
South China Morning Post Business50d05/25

Trump says Iran deal should include additional countries joining Abraham Accords

US President Donald Trump said on Monday that any agreement with Iran should include a requirement for several additional countries, including Saudi Arabia and Turkey, to join the Abraham Accords, the US-brokered agreements aimed at normalising relations with Israel that were forged during Trump’s first term. In a social media post, Trump said negotiations are “proceeding nicely” but tied any eventual agreement to expanded participation in the agreements first signed in 2020. He pointed to Saudi

unclassifiedchina · asia · saudi-arabia
South China Morning Post Business50d05/25

US chipmakers in China see revenue rise, defying trade tensions: Hurun list

Twenty-six US semiconductor firms, from Qualcomm to Nvidia, saw their China revenue climb by an average of 20 per cent last year, despite trade tensions, according to a new analysis. The data, featured in the latest “Hurun Top 100 US Enterprises in China 2026” report released by the Hurun Research Institute on Monday, tracks the performance of 100 publicly listed American companies based on their revenue in China last year. Among the top 100 earners in China, 26 were from the semiconductor...

unclassifiedchina · asia · usa
South China Morning Post Business50d05/25war-conflict · 2/5

Why the era of the 3 joint US-China communiques may be ‘completely’ over

The era when the three joint communiques set the terms of US-China relations may have “completely come to an end”, a prominent Chinese analyst has warned. Zhu Feng, dean of Nanjing University’s School of International Studies, also said that it might be “unrealistic” to expect Beijing and Washington to reach a comprehensive political understanding on Taiwan, given US domestic politics. Following Chinese President Xi Jinping’s highly anticipated summit with US counterpart Donald Trump earlier...

unclassifiedchina · asia · usa
South China Morning Post Business50d05/25

African Development Bank meets as shrinking aid, Ebola cast long shadows

African leaders and financiers gathered for the African Development Bank’s annual meeting on Monday as the continent faces shrinking aid flows, with this week’s event in Congo Republic overshadowed by an Ebola outbreak across the border. Overseas development aid from the world’s richest nations to poorer countries dropped by nearly a ‌quarter last year to US$174.3 billion. The US led the cuts, including reduced funding to the concessional lending arm of the AfDB – Africa’s largest development...

unclassifiedchina · asia · usa
South China Morning Post Business50d05/25war-conflict · 3/5

How China could benefit as US-Iran talks raise hopes of oil sanctions relief

A major diplomatic breakthrough between Washington and Tehran could signal sanctions relief for Iran, a development analysts say bodes well for China, the primary buyer of Iranian oil. Negotiations have advanced on a proposed 60-day ceasefire extension, the reopening of the Strait of Hormuz and the US side issuing temporary sanctions waivers that would allow Iran to sell oil freely, Axios reported on Saturday, citing a US official. Any such relief would only be implemented under a final...

unclassifiedchina · asia · usa
South China Morning Post Business50d05/25

How the US and China can ensure their board of trade is effective

High on the list of deliverables agreed following the summit between Chinese President Xi Jinping and US President Donald Trump was the establishment of a board of trade, albeit with little detail on its mission, responsibilities or operations. The White House expects the board “to manage bilateral trade across non-sensitive goods” while China’s Ministry of Commerce says the board “will discuss issues such as tariff reductions”. While not contradictory, both formulations are vague and hint at...

unclassifiedchina · asia
South China Morning Post Business50d05/25coups-regime · 3/5

Hong Kong-based Jardine Matheson buys Australian diagnostic group I-MED for US$2.4 billion

Jardine Matheson, an investment company headquartered in Hong Kong, announced on Monday the A$3.4 billion (US$2.4 billion) acquisition of the entire stake of an Australian diagnostic and teleradiology group. The acquisition of I-MED Radiology Network, which spans 215 diagnostic imaging clinics across metropolitan and regional communities in Australia and New Zealand, is one of Jardine Matheson’s largest in recent years, following its full takeover of the luxury hotel unit Mandarin Oriental in a.

unclassifiedchina · asia · australia
South China Morning Post Business50d05/25war-conflict · 3/5

Taipei ‘optimistic’ about arms deal even after US Navy chief says it’s on ice

Taiwan’s defence minister said on Monday he remained “cautiously optimistic” about US approval of an arms package for the island, even as a senior Pentagon official said Washington would put the sale on hold. The reassurance by Wellington Koo Li-hsiung came after acting US Secretary of the Navy Hung Cao said Washington was pausing the proposed deal to ensure the US military had sufficient ammunition to continue its war on Iran. “We’re just making sure we have everything, but then the foreign...

unclassifiedchina · asia · usa
South China Morning Post Business50d05/25

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 Business50d05/25

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 Business50d05/25war-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
South China Morning Post Business50d05/25

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 Business50d05/25war-conflict · 3/5

China lifts peacekeeping budget share amid warnings bodies like UN may be sidelined

China was the second-largest financial contributor to the UN peacekeeping mission after the US last year, with its share rising “substantially” as geopolitical tensions increasingly paralysed multilateral peace operations, according to a Swedish think tank. In a report on multilateral peace operations in 2025 released on Monday, the Stockholm International Peace Research Institute (SIPRI) said that 78,633 international personnel had been deployed with UN peace operations by December 31 – some 49

unclassifiedchina · asia · usa
Reddit r/investing50d05/25war-conflict · 1/5

AI capex just got revised up $225B in 6 months and earnings are actually following it, this is not how bubbles work and it's messing with my thesis.

So hyperscaler capex started 2026 at $515B and it's now $740B mid-year, with 2027 already pencilled in at $889B that's 2.7% of US GDP going into AI infrastructure, in 2019 this number was 0.3%. The part that's really breaking my bubble thesis is that EPS is actually moving with it. tech earnings estimates for 2027 are up nearly 20% YTD and in 1999 profits lagged the spending by a mile that's not what's happening here, at least not yet, also nobody seems to be talking about the equity returns in

Socialunclassifiedusa
Reddit r/geopolitics50d05/25war-conflict · 2/5

Iran-US Deal On Verge Of Collapse? Tehran Threatens To Walk Away Unless Washington Unlocks Billions

Iran is threatening to abandon a major deal with the US over the release of billions in frozen assets. Tehran insists on accessing these funds in the first phase, stalling months of negotiations and raising fears about Gulf tensions and energy market instability. submitted by /u/Aware_Apartment_8959 [link] [comments]

Socialunclassifiedusa · middle-east · iran
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