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BUSINESSBrazilian President Luiz Inacio Lula da Silva’s re-election should provide continuity for the country’s trade push into Southeast Asia, analysts say, as Vietnam and Indonesia pursue preferential trade agreements with Mercosur, the South American bloc in which Brazil is the largest economy. But…
BUSINESSTop European economic and finance officials are set to visit Beijing as they seek to persuade Chinese policymakers to let the yuan strengthen in order to help shrink a surging trade gap, the South China Morning Post reported exclusively. Maarten Verwey, the European Commission’s director general…
BUSINESSCK Asset Holdings has suspended sales at its Yuen Long residential project Montage, days before it planned to begin marketing the development’s first homes. The developer confirmed the suspension to the South China Morning Post but declined to explain the abrupt decision, saying only that it…
BUSINESSChinese tech giant Tencent Holdings is using Southeast Asia as a launch pad to take its “cost-effective” artificial intelligence tools global, fronted by its workplace assistant WorkBuddy, amid cutthroat competition at home. The company was targeting existing regional customers of its cloud…
BUSINESSJapanese character company Sanrio, owner of popular IPs including Hello Kitty, Cinnamoroll and My Melody, has terminated its planned collaboration with the television drama Vivant following strong public criticism in China. In an official statement released on its Japanese website on Thursday, the…
BUSINESSSamsung Electronics is reportedly ending home appliance sales in Hong Kong, months after withdrawing from the mainland Chinese market. Samsung’s Hong Kong office told the South China Morning Post on Thursday that it would focus on televisions, monitors, audio products, business-to-business display…
BUSINESSEuropean industry has bristled at EU plans to force businesses to diversify their supply chains away from China, as the bloc gears up for a new package of de-risking measures later this year. In December, the European Commission will present a trio of new instruments. While none will name China,…
BUSINESSRussian Foreign Ministry spokesperson Maria Zakharova said on Wednesday that Moscow had noted repeated distortions of history in Japanese films and would take appropriate action if Tokyo continued such activities. Speaking at a regular press briefing, Zakharova cited Japanese films dealing with the…
BUSINESSA boy in central China who donated 10 yuan (US$1.5) to the Three Gorges Dam project in the 1990s now works for the power grid, helping transmit the electricity it generates across the country. Wang Yu, 47, works for the State Grid Corporation of China in his hometown of Zigui county, Hubei…
BUSINESSImmigration rules are discouraging a growing number of air travellers from visiting certain destinations, a global aviation survey has found, while geopolitical tensions are also influencing travel decisions, particularly in the Asia-Pacific region. The International Air Transport Association…
BUSINESSSouth Korean memory chip giant SK Hynix kept almost 80 per cent of its total sales as operating profit last quarter, a margin almost unheard of in manufacturing, as the country’s chipmakers reap the rewards of the global artificial intelligence boom. Operating profit, defined as earnings from the…
BUSINESSChina has reiterated its commitment to open cooperation and to working with all parties to keep global industrial and supply chains stable and secure. The response follows German Chancellor Friedrich Merz's call on Tuesday for European and Asian middle powers to build a strategic alliance in trade,…
BUSINESSThe death toll from a collision between two high-speed trains in Spain's Toledo province on Wednesday morning has risen to 64, the Castilla-La Mancha regional government said. The crash occurred at around 8:54 a.m. local time (0754 GMT) near Urda station in Toledo province, about 120 km south of…
BUSINESSPresident of the Swiss Confederation Guy Parmelin will pay a working visit to China from October 30 to November 1, the Chinese Foreign Ministry announced on Wednesday. China welcomes Parmelin's visit, during which Chinese President Xi Jinping will meet with him, said Guo Jiakun, a spokesperson for…