Washington is securing bilateral health deals with countries across Africa to ensure direct access to critical pathogen data and specimens following the United States’ withdrawal from the World Health Organization (WHO). Analysts say the US’ strategic retreat from multilateral organisations has created a vacuum that China is likely to exploit to deepen its influence within global health bodies and position itself as the main partner for the developing world. Under the “America First Global Health Strategy”, more than a dozen African countries – including Kenya, Uganda, Nigeria, Ethiopia and Rwanda…
Day: December 29, 2025
Trump not worried by China’s simulated attack on Taiwan, he says, as live-fire drills enter second day
Donald Trump has said he is not worried by China’s live-fire military drills surrounding Taiwan and that he has a great relationship with the Chinese leader Xi Jinping, who “hasn’t told me anything about it”. The US president made the comments one day into the surprise attack simulation launched by the People’s Liberation Army (PLA) on Monday, and which continued into Tuesday with live missile launches into the Taiwan Strait. The PLA, which is the armed wing of China’s ruling Communist party, said it had deployed destroyers, frigates, fighters, bombers,…
China’s Hainan hosts duty-free shopping spree under new customs regime
A customs scheme covering the entirety of Hainan, China’s southern island province, appears to have triggered a surge in consumption since its inception last week, with the province’s tourism hub Sanya recording more than 500 million yuan (US$71.25 million) in duty-free sales over five days. Analysts cautioned, however, that the greater significance of the policy lies less in short-term spending boosts than in whether Hainan can diversify its economy beyond its previous reliance on real estate and establish higher-value growth drivers to rival established consumption hubs Singapore and Hong Kong.…
China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for drug discovery
“Biotechnology is a high-risk field like a ‘molecular casino’,” said founder Alex Zhavoronkov. “Even with artificial intelligence, you can lose 90 per cent of the time.” The 11-year-old company was training and testing an AI-powered drug-discovery tool, Pharma.AI, to “enable faster, cheaper and more successful drug discovery with higher novelty and confidence”, he said. Zhavoronkov likened it to an “Einstein” capable of mastering fields from mathematics and physics to chemistry, biology and writing, pushing drug discovery to “new frontiers”. Advertisement He expected Insilico to begin opening some of its AI…
Pop Mart pushes global expansion amid concerns of ‘peak Labubu’
Trial $1 for 4 weeks Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel or change your plan anytime during your trial. Global news & analysis Expert opinion FT App on Android & iOS FT Edit: Access on iOS and web FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT FT Videos & Podcasts 20 monthly gift articles to share Lex: FT’s flagship investment column 15+ Premium newsletters by leading experts FT Digital Edition: our digitised print edition…
India’s billionaires struggle to woo Trump
India’s billionaires had big hopes for the Trump presidency but nearly one year since his second term began, two of the biggest are paying the price for the worst relationship between New Delhi and Washington in decades. US President Donald Trump, angry with President Vladimir Putin for refusing to stop his war in Ukraine, directed that ire to India’s Russian oil imports, and doubled the tariff on Indian goods to 50 per cent. It meant a direct hit for the business empire of India’s richest man, Mukesh Ambani. The refining…
Rise of China’s open source platforms will burst AI bubble
The open source approach championed by some Chinese tech companies is preventing monopoly platforms from taking hold in artificial intelligence (AI). The massive investment in AI is justified in the case of repeat monopoly winners from previous waves of tech development, such as Microsoft, Intel, Qualcomm, Google and Meta. However, as China views proprietary systems and platforms as potential chokepoints, it is leveraging its market to develop open source substitutes. Users in the wider world are likely to prefer open source platforms that they can control. Open source platforms will…
India’s year in review
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. What a year! It’s been an intense 12 months for India. We had a terror attack, a war, a trade stand-off, a deadly plane crash. The markets were down, and then they were up, even though it didn’t ever quite feel like it since it was on a narrow band of stocks. Politically and economically, it was . . . a lot.…
PLA begins second day of live-fire exercises around Taiwan
The PLA Eastern Theatre Command said troops would conduct exercises simulating attacks on maritime targets and carry out anti-air and anti-submarine operations to the north and south of the island. PLA kicks off military exercises around Taiwan PLA kicks off military exercises around Taiwan The command on Monday said the drills – dubbed Justice Mission 2025 – were a warning to the “independence forces” and against external interference. Advertisement They come amid heightened tensions across the Taiwan Strait after Washington approved a record US$11.1 billion arms sale to Taiwan. Beijing…
Trump ‘not worried’ about Beijing’s military drills around Taiwan
US President Donald Trump on Monday described Beijing’s large-scale military exercises around Taiwan as routine activities that have occurred “for 20-25 years”, expressing no concern over the escalation and instead citing his personal rapport with Chinese President Xi Jinping. “I have a great relationship with President Xi, and he hasn’t told me anything about it,” Trump said in remarks to reporters during a press conference with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago estate in Florida. When pressed on whether the manoeuvres were a sign of impending conflict, Trump…