Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Foreign spies are “aggressively” targeting Australia in sectors spanning rare earths to Antarctic research and even stealing rare plants, according to the head of the country’s intelligence service, as he estimated the financial damage from espionage for the first time. Australia’s role in the Aukus nuclear submarine pact with the US and UK was also the subject of “a very unhealthy” amount of interest from foreign intelligence services, said Mike…
Month: July 2025
The DOGE Alum Asking if Foreign Aid Is America’s Problem
We have an entire computer system dedicated to memos at the State Department, right? And if you actually upload anything there, it’s on Reuters within an hour, so you can’t use it. So we’re hand walking around paper like we’re in the ‘40s. Who is actually running the U.S. government under this administration? Did the spirit of DOGE outlast Elon Musk? How are DOGE and America First changing U.S. foreign policy? My guest today is a youthful veteran of the Department of Government Efficiency, and now he’s in charge of…
Court in Washington to hear arguments on legality of Trump ‘reciprocal’ tariffs
A federal appeals court just steps from the White House could derail US President Donald Trump’s “reciprocal” tariffs before they take effect on Friday, a move that could weaken Washington’s leverage in trade talks with China and other key partners. Advertisement The US Court of Appeals for the Federal Circuit will hear arguments on Thursday in Washington on whether the tariffs can survive legal scrutiny. The lawsuit, V.O.S. Selections v. Trump, challenges Trump’s claim he can unilaterally impose tariffs under the International Emergency Economic Powers Act, arguing he overstepped his…
Bank of Japan governor says US tariff deal a ‘big step forward’
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bank of Japan governor Kazuo Ueda has said the US-Japan tariff deal was a “big step forward”, as the central bank raised its inflation forecasts, prompting speculation that it will resume its monetary tightening cycle this year. The BoJ said on Thursday that it had unanimously decided to hold short-term interest rates at 0.5 per cent following its two-day meeting, a move widely expected by analysts. The US and Japan…
South Korea’s chip push and dark days for Japan Display
Hello. This is Kenji from Tokyo, your host for this week’s #techAsia newsletter. Much of Japan has been hit by blistering heatwaves for days and weeks, and the debate over US President Donald Trump’s tariff, trade and investment policy remains just as hot. Under the scorching Tokyo sun on Tuesday, Chinese government officials extended an olive branch to Japanese businesses, promoting the country’s biggest trade exhibition, the Canton Fair. Luo Xiaomei, minister in charge of economic and commercial affairs at the Chinese Embassy in Tokyo, and Ma Fengmin, deputy director-general…
Malaysian airlines interested in China’s C919 jet, transport minister says
Growing air travel in Southeast Asia and backlogs in Airbus and Boeing deliveries are driving regional interest in China’s C919 passenger jet, according to Malaysian Transport Minister Anthony Loke. Advertisement China is promoting aircraft made by Shanghai-based Commercial Aircraft Corporation of China (Comac) – including the C919, the country’s first home-grown narrowbody airliner – as cheaper alternatives to aircraft manufactured by Airbus and Boeing. Loke told the Post recently that Malaysian budget carrier AirAsia and a new airline, Air Borneo, were among the airlines to have shown interest in the…
Trump slams India and Russia as ‘dead economies’ after tariff stand-off
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has described India as a “dead economy” and said the US does “very little business” with the country, ratcheting up his fiery rhetoric against the world’s fifth-largest economy as the two sides hit an impasse over his threat of 25 per cent tariffs on Indian goods. The US president, writing on his Truth Social platform early on Thursday, attacked India alongside its long-standing defence and trade partner Russia,…
New World ramps up luxury home sales in Hong Kong and mainland China
New World Development (NWD) is ramping up the delivery of residential projects in Hong Kong and mainland China after raising more than HK$13 billion (US$1.7 billion) from the sale of luxury flats in the city. Advertisement The Hong Kong-based developer, which is undergoing the biggest debt workout in three generations of ownership by the Cheng family, will hold a ready-for-occupancy sale for The Pavilia Forest in Kai Tak in September, the company said on Thursday. “This quarter, three luxury residential projects will be delivered, steadily accelerating capital recycling,” it said,…
China summons Nvidia over ‘serious security issues’ with chips
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Beijing has summoned Nvidia over alleged security issues with its chips, in a blow to the US company’s push to revive sales in the country after Washington granted approval for the export of a made-for-China chip. China’s cyber regulator on Thursday said it had held a meeting with Nvidia over what it called “serious security issues” with the company’s artificial intelligence chips. It said US AI experts had “revealed that…
China summons Nvidia to address ‘serious security issues’ with chips
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Beijing has summoned Nvidia over alleged security issues with its chips, in a blow to the US company’s push to revive sales in the country after Washington granted approval for the export of a made-for-China chip. China’s cyber regulator on Thursday said it had held a meeting with Nvidia over what it called “serious security issues” with the company’s artificial intelligence chips. It said US AI experts had “revealed that…