An Emirates flight from Dubai to Hong Kong was unexpectedly rerouted to Taiwan on Monday after multiple unsuccessful attempts to land, reportedly because of bad weather. Advertisement Flight EK382, operated by Dubai’s flagship carrier, was diverted to Kaohsiung International Airport in Taiwan after it was unable to land in Hong Kong. The crew and passengers stayed overnight in Kaohsiung and flew back to Hong Kong on the Emirates plane – a Boeing 777-31H(ER), registered A6-EPU – on Tuesday. Flight data shows the aircraft made at least two unsuccessful landing attempts…
Day: July 16, 2025
Should China adopt a zero interest rate?
The release of China’s second-quarter growth data this week embodied a dilemma for the country’s policymakers: real economic expansion was strong and steady at 5.2 per cent but widespread falling prices meant nominal growth was much weaker, at 3.9 per cent. Solid real growth reflects the expansion of Chinese industry and exports — but nominal growth is what Chinese workers feel in their wage packets and Chinese companies see on their revenue line. It also means that interest rates, when deflation is taken into account, are much higher, leading to…
How deals are trumping port dispute on Australian PM’s China visit
Beijing has set aside major disputes with Canberra and instead filled Australian Prime Minister Anthony Albanese’s six-day visit to China this week with a slew of trade and investment deals, a move analysts said was an effort to find common ground amid trade tensions with the United States. Advertisement The deals include the potential widening of access to the Chinese market for Australian farm produce and coal, cooperation in the digitalisation of the financial sector, investment in greenfield projects and potential tariff cuts for Australian agricultural exports, according to a…
China’s Belt and Road investment and construction activity hits record
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The value of Chinese companies’ new investment and construction contracts in countries that are part of President Xi Jinping’s global Belt and Road Initiative has hit a record high this year, a new study has found. The expansion in overseas markets and China’s increased engagement with countries under its flagship BRI infrastructure programme contrast starkly with the approach of the US, where President Donald Trump is imposing bruising tariffs on…
China’s ‘green great wall’ triggers hay fever misery: scientists
For Ma Bo, a resident of Hohhot, the capital of Inner Mongolia, late July marks the beginning of another round of suffering. Advertisement He has suffered from hay fever – an allergic condition triggered by inhaling pollen – for many years. His symptoms have gradually worsened since 2018, progressing from sneezing and conjunctivitis to an allergic cough and, eventually, bronchial asthma. The artemisia plant, which is widely cultivated in northwestern China to contain wind and sand erosion, has been identified as the trigger for his symptoms. Its pollen is particularly…
Couche-Tard drops its $50bn pursuit of 7-Eleven
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canada’s Alimentation Couche-Tard has withdrawn its record-breaking $50bn proposal to acquire Japan’s Seven & i Holdings, bringing an end to its year-long campaign to pull the 7-Eleven owner to the negotiating table on friendly terms. Couche-Tard, which owns Circle K, on Thursday said a lack of “constructive engagement” by Seven & i led to its decision to withdraw the unsolicited takeover proposal that would have resulted in the largest deal…
A weak yen is the root of Japan’s lurch to the right
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‘Swayed by external forces’: the harsh reality for mainland students in Taiwan
As tensions between Beijing and Taipei rise, academia and the education sector reveal how each side is changing to adapt to – or shape – the new environment. In the second of a two-part series, we look at the situation for mainland students in Taiwan. Read the first instalment here. Advertisement As a mainland Chinese student in Taiwan, John Wang felt apprehensive only once during his five months on exchange. It was December 20 and he was passing the parliament building in Taipei on his way back from a social…
FirstFT: Donald Trump floats firing Fed’s Jay Powell
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning and welcome back to FirstFT Asia. In today’s newsletter: Trump’s latest attack on the Fed chair US set to ban Chinese tech in submarine cables FT investigates US immigration detention facilities Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell in a move that fuelled a fresh bout of…
Trump says Beijing making ‘big steps’ in controlling fentanyl
US President Donald Trump said on Wednesday that Beijing is “making big steps” in efforts to control the flow of fentanyl, an issue that the American leader has used to justify tariffs that he has slapped on imports from China. Advertisement “I think China has been helping out,” Trump told reporters in the Oval Office. “I mean, it’s been a terrible situation for many years with fentanyl, but since I came here, we’re talking to them, and they’re making big steps … You know that they’re being penalised with tariffs…