Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australia’s corporate regulator has moved to speed up the listing process to try to reverse the biggest slump in initial public offerings for more than a decade. Only a few large listings have occurred on the Australian Securities Exchange in the past three years as companies have looked to private markets to raise funds. A larger number of companies have delisted as takeover activity has picked up. Kicking off a…
Day: June 9, 2025
US-China trade showdown: where do the talks stand after Day 1?
Top officials from China and the United States are expected to start a second day of negotiations in London on Tuesday morning local time, as the two sides strive to de-escalate a stand-off over trade and technology that has sent shock waves across the global economy. Advertisement No official statements were released after the first round of talks on Monday, which finished without a deal being agreed. But both sides have sent signals regarding their expectations. US Kevin Hassett, director of the National Economic Council, told CNBC that “immediately after…
Huawei founder Ren says state-of-the-art chip performance can be achieved
Ren Zhengfei, the founder of Chinese technology giant Huawei Technologies, said the company’s Ascend chips are still lagging behind those from the US “by a generation”, but state-of-the-art performance can still be achieved by using other tactics. Advertisement In a front page interview published on Tuesday with People’s Daily, the mouthpiece of the Communist Party, Ren said by using methods like “stacking and clustering, the computing results are comparable” to the most advanced programmes in the world. Huawei has patented some techniques to package chiplets on top of each other…
What do we know so far about China’s advanced J-36 and J-50 fighter jets?
China’s two next generation stealth fighter jets – known as the Chengdu J-36 and the Shenyang J-50 – stunned the world when they seemingly emerged out of nowhere on December 26 last year. Advertisement Over the past six months, more sightings and the resulting images and witness reports have given us an increasing amount of detail about the two advanced and yet mysterious aircraft. Here is what we know about them so far – as well as some of what we do not. 01:09 New Chinese fighter jet seen over…
India’s central bank should watch the rhetoric on growth
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. It’s Robin here again, standing in for Veena. My challenge right now as the FT’s Asia editor is to reflect the economic disruption caused by Donald Trump without letting him swamp our coverage of everything else. Are we getting the balance right? Drop me a line and let me know. In India, meanwhile, there’s plenty to talk about.…
US students discover Unit 731 horrors, and an American war crime cover-up
As thousands of students gather this week for the finals of the National History Day contest in the US state of Maryland, one research project may stand out – not only as a sobering reminder of an infamous, often forgotten Japanese military unit, but also for America’s role in keeping its war crimes quiet. Advertisement The project, a documentary produced by four students from a New Mexico high school, is an investigation of Unit 731 – a secret group that carried out unspeakable experiments on people in China and other…
Chinese stocks ‘not particularly cheap’ with weak earnings power, JPMorgan says
Chinese equities are not as cheap as they seem because the nation’s economic slowdown has weakened corporate earnings, making it imperative for investors to screen stocks and sectors carefully to pick winners, according to JPMorgan Asset Management. Advertisement While they traded at 14 times historic earnings in line with the average valuation over the past decade, investors were getting less oomph from the current scenario because the return on equity was faltering due to weaker profitability trend, said Mark Davids, co-head of Asia-Pacific equities. “It’s very difficult to argue that…
Nato chief says it must build Indo-Pacific ties to meet China’s military challenge
The head of the North Atlantic Treaty Organization warned on Monday that China’s growing military and its close alignment with Russia, Iran and North Korea meant that Nato should further develop Indo-Pacific partnerships to meet the challenge Beijing posed. Advertisement Mark Rutte, Nato’s secretary general, made his remarks at Chatham House in London, coinciding with the US-China ministerial-level trade negotiations in the city. “What we see at the moment is an enormous build-up in China of their military capabilities,” Rutte, the former prime minister of the Netherlands, said. He noted…
US arrests another Chinese scientist for allegedly smuggling biological material
A Chinese scientist was arrested while arriving in the US at the Detroit airport, the second case in days involving the alleged smuggling of biological material, authorities said on Monday. The scientist is accused of shipping biological material months ago to staff at a laboratory at the University of Michigan. The FBI, in a court filing, described it as material related to certain worms and requires a government permit. “The guidelines for importing biological materials into the US for research purposes are stringent, but clear, and actions like this undermine…
US arrests another Chinese scientist with no permit to send biological material
Another Chinese researcher has been arrested upon entering the United States, amid an escalating federal probe into the alleged smuggling of biological materials – marking the second such case in less than a week. Advertisement Han Chengxuan, a PhD candidate at Huazhong University of Science and Technology (HUST) in Wuhan, was accused of shipping four undeclared packages containing biological materials from China to a University of Michigan lab—and lying to federal agents about it. Her arrest on Sunday followed charges filed last Tuesday against Yunqing Jian and Zunyong Liu, also…