The fragile ceasefire between the United States and Iran has continued to shatter global markets. These are the major takeaways of what happened overnight. What did Trump say? US President Donald Trump spoke with his Russian counterpart Vladimir Putin on Wednesday, discussing the wars in Ukraine and Iran. Trump said that the conversation was “very good” and that the US was “going to come up with a solution relatively quickly” over its continuing conflict with Iran. He also said that the US wa...

Brics nations are assessing whether a digital payments framework linking their currencies could lessen the impact of Western sanctions, tariffs and US dollar volatility without destabilising the Washington-led global financial system. Under the plan proposed by India’s central bank, Brics is looking to allow cross-border transactions to be settled in local currencies. Its feasibility depends on how far the bloc’s members can lessen their reliance on Western-controlled payment channels without...

Hong Kong’s monetary authority has held its base interest rate steady, following the lead of the US Federal Reserve, as analysts said the inflationary impact of the US-Israel war with Iran had reduced the chances of a rate cut this year. The city’s base rate would stay at 4 per cent, the Hong Kong Monetary Authority (HKMA) said on Thursday, hours after the US Federal Reserve kept its target rate in the range of 3.5 to 3.75 per cent following the third meeting of the Federal Open Market Commit...

The United Arab Emirates’ decision to leave a global cartel of major oil-exporting countries is seen to reflect a widening fracture within the Gulf Cooperation Council (GCC). The UAE announced on Tuesday that it would leave the Organisation of the Petroleum Exporting Countries (Opec) and the wider Opec+ alliance, effective on Friday. The country joined the group in 1971, though one of its emirates – Abu Dhabi – joined in 1967. The UAE’s Ministry of Infrastructure said in a statement that the...

Jerome Powell said he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time”, citing the “unprecedented” legal attacks against the central bank by the Trump administration. “I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Powell said at a press conference after the Fed announced its decision to keep its benchmark interest rate steady. Powell’s decisi...

The man charged with trying to storm the White House Correspondents’ Association dinner and kill US President Donald Trump took a picture of himself in his hotel room just minutes earlier, outfitted with an ammunition bag, a shoulder gun holster and a sheathed knife, authorities said on Wednesday in a new court filing. Cole Allen wore black pants, a black shirt and a red tie as he snapped the image in his room at the Washington Hilton, where Trump and hundreds of journalists were meeting for ...

Sweden’s government said on Wednesday it planned to introduce legislation requiring social media platforms like TikTok and Snapchat to take down criminal gangs’ ‘murder adverts’ within an hour or face hefty fines. Criminal gangs active in Sweden increasingly use social media to recruit people to commit murders and other violent acts amid a surge in “crime as a service”. The recruits are often children under the age of 15, Sweden’s age of criminal responsibility, meaning the youngsters cannot ...

London police say the stabbing of two Jewish men on Wednesday has been declared a terrorist incident. Metropolitan Police say they are investigating whether the attack specifically targeted the Jewish community. The force says the incident, in the Golders Green area, left two men, aged 34 and 76, hospitalised with knife wounds. A 45-year-old man has been arrested on suspicion of attempted murder. Police are investigating whether the stabbings are linked to recent arson attacks on synagogues a...

The pace of tropical forest destruction slowed in 2025 after record losses the year before but remained at worrying levels equivalent to 11 football fields per minute, researchers said Wednesday. The world lost 4.3 million hectares (10.6 million acres) of tropical primary rainforest last year, down 36 per cent from 2024, said researchers from the World Resources Institute (WRI) and the University of Maryland. “A drop of this scale in a single year is encouraging – it shows what decisive...

China may gain from the United Arab Emirates (UAE) withdrawing from the Organisation of Petroleum Exporting Countries (Opec), benefiting from additional supply as global oil markets face growing strain three months into the US-Israeli war in Iran, analysts said. The UAE – Opec’s third-largest producer, accounting for about 12 per cent of its total output – will formally leave the bloc on May 1. UAE Energy Minister Suhail Mohamed al-Mazrouei told CNBC that it was the “right time” to exit, addi...

The impact of sky-high costs for memory chips is spreading from smartphones to cars, as China’s electric vehicle (EV) king BYD announced a 21 per cent price increase for its high-end driver-assistance system. Starting on Friday, the price of the optional DiPilot 300 assisted-driving system would rise to 12,000 yuan ($1,757) from 9,900 yuan, BYD said on Tuesday, attributing the decision to “the sharp rise in global storage hardware costs”. The system, which allows cars to navigate themselves o...

Hong Kong’s Law Society has ordered the closure of a solicitors’ firm under investigation for its alleged role in a series of “crash-for-cash” scams in the city. The society’s council announced on Wednesday it would intervene in the practice of Raymond Lam & Associates, which will cease operations with immediate effect. The council also appointed Robertsons, another local law firm, as the intervention agent to handle matters pertaining to the closure. In a statement, the society said it found...

Perched on the bow of his long-tail fishing boat, 75-year-old Sukjai Yana untangled a handful of small fish from his net, disappointed by his catch and fretting over whether he can sell them. Some days Sukjai earns nothing: demand for fish is falling due to worries over contamination of the Mekong River and its tributaries by toxic run-off from rare earth mines upstream that is threatening millions who rely on those waters for farms and fisheries. Chiang Saen, a fishing hub in northern Thaila...

China is flexing its dominance over the global supply chain – claiming the world’s largest reserves of 14 essential minerals, including rare earths and graphite – while preparing to ramp up exploration through the end of the decade. The Ministry of Natural Resources disclosed the information at a monthly media briefing on Wednesday, vowing that China would continue accelerating its search for minerals during the 15th five-year plan period spanning 2026 to 2030. The message underscores Beijing...

Former Japanese prime minister Yukio Hatoyama has called on Beijing and Tokyo to work together against “US arrogance”, as the global order is upended by President Donald Trump. Hatoyama, who was Japan’s prime minister from 2009 to 2010, said the two nations should find common ground and work to manage their bilateral relations. “I would argue that Japan and China should jointly confront a self-centred United States and [prevent] the collapse of the world order,” Hatoyama said at an event in H...

Hong Kong’s Fire Services Department has yet to launch prosecutions in 34 cases involving mini-storage premises that failed to comply with safety hazard orders, including sites first inspected as far back as 2016, the Audit Commission has said. The commission also revealed on Wednesday that none of the 249 industrial buildings required to improve fire safety measures in their common parts had complied with the orders issued under a law that took effect in 2020. Fire safety at industrial...

One of Japan’s most popular zoos has delayed its reopening after an employee reportedly told police he had burned his wife’s body in an incinerator on its grounds. Asahiyama Zoo in Hokkaido’s second-largest city of Asahikawa, which had been closed for a seasonal break since April 8, was set to reopen on Wednesday, a national holiday. But the date has been pushed back to at least Friday to allow police to search for the body, according to The Asahi Shimbun newspaper. At a news conference on...

Hong Kong expects about 980,000 mainland Chinese visitors over the Labour Day “golden week” holiday from May 1 to 5, a 7 per cent increase from last year. Instead of rushing through major attractions, many travellers are opting for slower, highly curated itineraries centred on exhibitions, neighbourhood walks and carefully timed photo spots – trends driven by popular social media platforms such as RedNote. Here, the South China Morning Post highlights what mainland tourists are currently...

A massive genomic study of Indigenous peoples in the Americas has uncovered evidence of a previously unknown migration into South America that occurred as recently as 1,300 years ago – during China’s Tang dynasty. These new settlers carried genes remarkably similar to Indigenous populations in what is now Australia and the Pacific Islands, according to the study published online by the journal Nature on April 22. The international team, which included scientists from the University of Sao Pau...

Being a Malaysian Indian is apparently a good indication that you are unlikely to fall for a scam. Police have found that potential victims from the ethnic group are more than likely to frustrate scammers with a barrage of questions. Malaysians lost an estimated 2.7 billion ringgit (US$684 million) to online scams last year alone, according to data from cybersecurity firm Fortinet Malaysia – a 76 per cent increase from the previous year – as syndicates adopt increasingly sophisticated methods...

Where exactly does the buck stop? Senior Hong Kong civil servants are asking themselves that question after the unveiling of a new accountability system targeting department heads. They point to the deadly Tai Po fire last year as an example. An independent committee investigating the tragedy heard evidence officials gave contractors at the blaze-hit Wang Fuk Court estate advance notice of inspections, potentially allowing problems to be concealed before fire-safety checks on scaffolding...

US President Donald Trump said on Wednesday that the United States is considering reducing the number of its troops in Germany, amid a row with German Chancellor Friedrich Merz over the Iran war. “The United States is studying and reviewing the possible reduction of Troops in Germany, with a determination to be made over the next short period of time,” Trump said on social media. The United States had more than 35,000 troops in Germany in 2024, according to the Congressional Research Service,...

The United Nations is bloated, costly, badly in need of reform, and too often works against US interests, but pulling out of the international organisation would see China expand its influence and leave Washington at a major disadvantage, according to testimony before a House oversight committee on Wednesday. The hearing came as the administration of US President Donald Trump has imposed an “America first” overhaul of international funding, leaving the UN, over the past 18 months, at what...

Can tourism be considered successful if arrivals increase, but the local communities – the very soul of the destination – feel strained and excluded? Too often, tourism success is measured in arrivals, occupancy and revenue. These numbers matter. But they tell only a fraction of the story. We must ask: who is this success really for? Traditional growth metrics are no longer sufficient to protect the residents who host the world or the workers who power the experience. To prevent cultural...

Russian President Vladimir Putin spoke by phone with US counterpart Donald Trump, Kremlin aide Yuri Ushakov said on Wednesday, adding that the two leaders discussed the Middle East war and Ukraine. The call lasted more than 90 minutes and was “frank and businesslike”, Ushakov told reporters during a phone briefing. “We had a good talk, I’ve known him a long time,” Trump said. The US president, speaking to reporters as he met ⁠with astronauts from the Artemis II mission ‌in the Oval Office, sa...

The two-month war with Iran has cost about US$25 billion, a Pentagon official told lawmakers on Wednesday, as US Defence Secretary Pete Hegseth defended a record $1.5 trillion military budget that faces backlash from Democrats. At a House Armed Services Committee hearing on Wednesday, Jules Hurst III, the Pentagon’s chief financial officer, offered the first official estimate of the cost of the war in Iran. He said that most of the US$25 billion in spending went towards ammunition, but the US...

The United States is stepping up pressure on China across multiple strategic fronts, in moves analysts say could strengthen US President Donald Trump’s hand ahead of his planned high-stakes mid-May meeting with President Xi Jinping. But they cautioned that Beijing was likely to remain unfazed because it had already adapted to earlier curbs by reducing its reliance on the American market. US lawmakers in the House Foreign Affairs Committee have advanced 20 new export control measures this mont...

Chinese artificial intelligence start-up DeepSeek has added multimodal capabilities to its flagship chatbot for the first time – meaning that it can process images and video in addition to text – bringing it in line with rivals that already offer the function. The limited release to select users comes just days after the Hangzhou-based company released its new flagship model V4, which was followed by extensive price cuts. According to DeepSeek multimodal team leader Chen Xiaokang, who made th...

Chinese chip designers Cambricon Technologies and MetaX Integrated Circuits reported substantial growth in the first quarter, as the artificial intelligence boom, lingering US export-control risks and China’s self-sufficiency push drove the country’s demand for home-grown computing power. Cambricon’s first-quarter revenue jumped 160 per cent from a year earlier to 2.89 billion yuan (US$423 million), while profit soared 185 per cent to 1 billion yuan, the company said in a filing on...

A Hong Kong government-funded online portal that provides resources for teachers and school students has failed to meet its user number target, with thousands of items never being downloaded, viewed or used, according to an audit report. The Audit Commission report, which was released on Wednesday, also cited remarks from the executive director of Hong Kong Education City (EdCity) that the platform’s low usage was due to the city’s shrinking student population. The report found that the porta...

Even if the immediate phase of conflict subsides, the Gulf is unlikely to return to the status quo. For Asia, the central question is no longer simply whether the Strait of Hormuz is open. It is whether the waterway remains reliable, predictable and politically insulated from coercion. That distinction now matters more than ever. For China and other major Asian importers, it is a question of whether energy flows, shipping routes and sanctions exposure are increasingly being shaped by a crisis...

China’s top diplomat Wang Yi called for “unity and the safeguarding of international justice” during a meeting with UN General Assembly President Annalena Baerbock on Wednesday, urging a global front against the “law of the jungle” amid deepening geopolitical tensions. During the talks in Beijing, Wang told Baerbock that multilateralism faced “severe challenges” from unnamed powers prioritising “might over right”, a veiled critique of Washington. “Certain countries pursue a policy of ‘strengt...

Hong Kong authorities have rolled out a fresh package of measures to support small and medium-sized enterprises (SMEs) reeling from the global fuel crisis and geopolitical tensions in the Middle East, including a 21 per cent increase in available bank lending to HK$450 billion (US$78.43 billion). The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, on Wednesday said the measures for the SMEs were designed to improve access to financing, strengthen their business resilien...

The Hong Kong Observatory should step up efforts to explain decisions for issuing typhoon warnings to address public concerns amid a rise in extreme weather events, the Audit Commission has urged. Citing the forecaster, a report issued by the public sector watchdog on Wednesday noted “increasing public demand” for signal change notification well in advance over the years for timely preparation as extreme weather events became more frequent in light of climate change. “Audit acknowledges that ...

A six-year-old Chinese boy was diagnosed with a lump in his throat, which doctors said was his “twin brother”. The youngster, Xiaoliang, had been snoring heavily for the past six months, and only ate soft food. His mother, surnamed Liu, found it odd and took him for a medical examination. Their local hospital said he had an egg-sized tumour in his throat, adding that they could not treat the disease. Liu then took Xiaoliang to the Children’s Hospital of Fudan University in Shanghai. There, a...

New Zealand officials rejected on Wednesday an application to install a statue commemorating so-called “comfort women” enslaved by Japan before and during World War II after Tokyo suggested it could harm diplomatic relations. Japan forced up to 200,000 women from Korea, China and Southeast Asia into sexual slavery from 1932 until 1945 and the issue remains a sore point in Tokyo’s relations with its neighbours. The Korean Garden Trust had sought to install a statue honouring the survivors at...

Hong Kong’s financial chief has revised the city’s fiscal surplus for the previous year to HK$11 billion (US$1.91 billion), nearly four times the original estimate, saying the ongoing Middle East conflict had a limited impact on the economy with gross domestic product (GDP) growth remaining strong in the first quarter. Financial Secretary Paul Chan Mo-po also dismissed concerns that increased bond issuance to fund the Northern Metropolis megaproject would burden future generations as “overly...

A South Korean appeal court increased the sentence of jailed former president Yoon Suk-yeol on Wednesday to seven years for obstructing justice, up from five years. “The court sentences the defendant to seven years in prison,” a judge at the Seoul High Court said, calling Yoon’s actions “highly reprehensible”. The ⁠court delivered ‌the ruling in a televised hearing, ‌the ‌first decision by ‌a special ⁠court division set up to ⁠handle cases linked to Yoon’s martial ‌law ‌bid in December 2024. ...

A Hong Kong cook has been jailed for 18 years for persistently sexually abusing the daughter he shares with his mistress, also slammed by the judge for trying to keep the victim silent about the defendant’s crimes. The High Court on Wednesday said a deterrent sentence was necessary for the 61-year-old to reflect society’s abhorrence of the “evil” crimes he committed against the girl when she was aged 11 to 18. The accused, identified only by his initials TML to protect his daughter’s identity...

Russia will mark victory over Nazi Germany next month with a military parade on Moscow’s Red Square, but with no military equipment displayed in view of the operational situation in the war in Ukraine, the ‌Defence Ministry said late on Tuesday. The parade, traditionally held on May 9, the day the Soviet Union signed Germany’s surrender, would this year mark the 81st anniversary of victory in what Russians call the Great Patriotic War. One of the top holidays on the Russian calendar, it allow...

Geely Automobile Holdings, Chery Automobile and BYD, the most profitable listed Chinese carmakers last year, all reported double-digit declines in net profit in the first quarter, highlighting a squeeze at home amid reduced purchase incentives. Hangzhou-based Geely, the country’s second-largest carmaker behind BYD, said in a filing on Wednesday that its net profit for the January-March period slid 27 per cent year on year to 4.17 billion yuan (US$610 million). The profit slump came even as...

China is the United States’ “most consequential threat and competitor in space,” leveraging its capabilities “as a tool of diplomacy and influence,” US lawmakers were told at a congressional hearing on Wednesday, as the two countries’ race to the moon intensifies. The US and China are locked in a high-stakes space race, with both nations aiming to put astronauts on the moon in the coming years. While China has set a 2030 target for its first crewed lunar landing, the US’ Artemis programme aim...

Federal investigators say they believe the man who carried out a mass shooting at Brown University and later killed a Massachusetts Institute of Technology professor did not act randomly. Instead, former Brown student Claudio Neves Valente, 48, appeared to target places and people for what they represented in his own life – institutions and individuals he associated with personal failure, missed opportunity and perceived injustice. In a detailed behavioural assessment released on Wednesday, t...

Britain’s King Charles and Queen Camilla commemorated victims of the September 11, 2001, al-Qaeda attack on New York on Wednesday, laying a floral bouquet at the memorial where the World Trade Centre’s twin towers once stood. The royal visit to lower Manhattan came at a time of tensions between Britain and the US, with President Donald Trump having criticised Prime Minister Keir Starmer for what he says is his lack of help in ‌the US and Israel’s war with Iran. Michael Bloomberg, a former New...

The US Supreme Court on Wednesday sharply limited the use of race in drawing electoral districts, in a decision that could reshape congressional maps nationwide and boost Republican prospects ahead of midterm elections. In a 6-3 ruling split along ideological lines, the conservative-dominated court struck down a map that creates a second majority-black district in Louisiana, finding it amounted to an unconstitutional racial gerrymander despite being drawn to comply with the 1965 Voting Rights...

US President Donald Trump warned Tehran on Wednesday that it should “get smart soon” and capitulate to Washington’s demands for tight controls on its nuclear programme, as a US naval blockade turned the screws on Iran’s economy. The US could extend its naval blockade of Iran for months more, oil executives were told in a meeting with Trump, an official said, after press reports that he had rejected Iran’s latest proposed deal to reopen the Strait of Hormuz. “Iran can’t get their act together ...

Airbus secured an order for 137 A320neo jets from Chinese airlines, extending the European company’s edge in one of aviation’s most contested markets as US rival Boeing waits on a long-speculated deal with Beijing. China Southern Airlines, one of China’s three major state-owned carriers, announced the deal on Wednesday. The airline, based in the southern city of Guangzhou, will purchase 102 aircraft, while its subsidiary Xiamen Airlines will acquire the remaining 35. The orders carry a combin...

A press photo of a US protective agent responding to a gunman breaching security during last weekend’s White House Correspondents’ Association dinner has ignited debate within America’s firearms community. The controversy centres not on the agent’s actions, but on what appeared to be a Chinese-made Holosun red dot sight mounted on her Glock pistol. The image, which spread rapidly across firearms forums after being shared on social media, shows a plain-clothes agent with her weapon drawn as US...

Guangdong province will “actively align” with Hong Kong’s strategy for the Northern Metropolis megaproject and highlight areas of collaboration as part of the province’s 15th five-year plan. The Guangdong provincial government on Tuesday published its development blueprint, with the term “Guangdong-Hong Kong-Macau Greater Bay Area” mentioned 57 times in the document and a chapter dedicated to the region’s development. Its proposal for economic and social development, as part of Beijing’s...

The widespread use of rape and other sexual violence as a weapon of war in Sudan has spurred a massive mental health crisis, United Nations agencies and local aid groups warned. The Sudanese army and the paramilitary Rapid Support Forces (RSF) have been locked in a brutal conflict since April 2023 that has killed tens of thousands and displaced around 11 million people. Medical charity Médecins Sans Frontières last month said at least 3,396 survivors of sexual violence – nearly all of them wo...

The People’s Liberation Army’s latest weaponised container ship could play a key role in deterring foreign intervention at a low cost during a Taiwan conflict, according to a mainland Chinese military magazine. The Zhong Da 79 is a medium-sized civilian cargo ship capable of carrying containerised vertical missile launchers, radar sensors and self-defence systems. It was first spotted at the end of last year at Hudong-Zhonghua Shipbuilding’s yard in Shanghai. An article by Ordnance Industry...

A top-floor residence at High Peak in Hong Kong’s Mid-Levels West neighbourhood has sold for HK$420 million (US$53.7 million) as activity in Hong Kong’s high-end housing segment remains heated after a strong first quarter. The penthouse unit at 23 Po Shan Road sold to a company called Shine Action on April 8, Land Registry records showed. The buyer is believed to be a mainland resident, based on the name of Shine Action’s director in the Companies Registry, Zheng Jiang. Momentum at the pinnac...

A Hong Kong man has been jailed for two months for sharing a social media post urging residents to shun last year’s Legislative Council election. Security guard Wong Wah-kwong, 63, pleaded guilty at West Kowloon Court on Wednesday to inciting others to boycott the December poll – the second under a Beijing-imposed “patriots-only” election overhaul in 2021. Wong admitted sharing a Facebook post dated October 15 last year by fugitive activist Alan Keung Ka-wai, who urged Hongkongers to avoid...

Multinational furniture retailer Ikea says it will open its first small-format store in Beijing on Thursday, aiming at convenience and efficiency that analysts believe could lift footfall by bringing the brand closer to consumers amid shifting trends. The move comes after the company shut seven large outlets across mainland China in early February, as it grapples with the country’s rapidly changing consumer trends and declining demand for new-home furnishing amid a sluggish property...

Indonesia’s new legislation to protect domestic helpers has been hailed by rights groups as the beginning of a “new chapter” for millions – though they warn that the road to change remains long and winding. On April 21, Indonesia’s House of Representatives passed the domestic worker protection bill into law, 22 years since it was first proposed. The legislation “provides legal certainty, protects workers from various forms of unfair treatment, and encourages improvements in the skills and...

Hong Kong authorities have failed to meet targets on the supply and construction of youth hostels, with the number of flats offered accounting for only 44 per cent of what was intended, an audit report has found. The Audit Commission on Wednesday released its report reviewing the government’s development and management of the facilities under the Youth Hostel Scheme, which covered seven hostels, including two that had been completed and were in operation. The review found that as of December...

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s EV and battery makers race to cut charging times to under 10 minutes Battery makers and electric vehicle (EV) manufacturers have seized on the Beijing Auto Show to showcase technologies promising shorter charging times in a race triggered by BYD and Contemporary Amperex...

Hong Kong will introduce a two-month subsidy for liquefied petroleum gas (LPG) used by taxis, minibuses and school buses from May, amid soaring fuel prices, while a previously announced diesel subsidy will take effect on Thursday. Financial Secretary Paul Chan Mo-po said on Wednesday that the interdepartmental task force monitoring fuel price movements had proposed a 50 HK cents per litre subsidy for two months, starting in May, to alleviate operational pressure on taxis and minibuses, among...

Thailand is turning to live-streamers to clear a looming durian glut, slashing prices as weaker Chinese demand threatens its biggest export market. Top online seller Pimradaporn Benjawattanapat, or Pimrypie, led a high-energy live stream on Tuesday night, pitching to her combined 31 million TikTok and Facebook followers. Known for selling everything from her own-brand fish sauce to luxury perfumes, Pimrypie priced premium Monthong at as low as 100 baht (US$3) per fruit, well below typical mar...

A social media account in China with more than 11 million followers which targets juveniles has been banned for forcing young female live-streamers to stay in a tank with a crocodile. The permanent ban also came after the account was exposed of also having made the women hold their breath under water. The account with the handle @Yebali, which means Night Paris in English, had been in operation on the social media platform for five years before it bowed to pressure to close, Jiupai News...