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DOF advances regional disaster insurance initiative to protect public assets

DEPARTMENT of Finance (DOF) International Finance Group (IFG) Undersecretary Joven Balbosa, together with Deputy Vice-Minister of International Affairs of the Japan Ministry of Finance Daisaku Kihara, co-chaired the Southeast Asia Disaster Risk Insurance Facility – Sovereign Asset and Fiscal Empowerment (Seadrif-SAF…

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After US$474m gamble flops, what happens now to Elon Musk’s Tesla, SpaceX and China ties?

Elon Musk bet nearly half a billion dollars that political spending could keep Washington friendly to his sprawling business empire. On Tuesday, that bet came up short. As Democrats recaptured control of the US Congress in the midterm elections, the world’s richest man found himself facing an abruptly altered politi…

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What does Trump’s midterm humbling mean for Bessent ahead of talks with He Lifeng?

As US Treasury Secretary Scott Bessent prepares to sit down with Vice-Premier He Lifeng, his Chinese counterpart, in Shenzhen later this month for trade talks ahead of the Apec summit, he will do so with weakened party support at his back following the landslide victory of the Democrats in this week’s midterm electi…

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Iran Carves Out Strait Of Hormuz Exemptions For China, India, Iraq, Qatar

Iran Proves Willingess To Re-Engage In Nuclear Talks, Despite Public Stance: NYT Update(1219ET): Tehran has made clear it will not stop the war, or the assaults on internatinal shipping in the Strait Of Hormuz, unless its 'seven conditions' are met. It has also said time and again that the nuclear file is an issue f…

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Chinese chipmaker Hua Hong bets big on silicon photonics amid AI boom

China’s second-largest contract chipmaker, Hua Hong Grace Semiconductor, is aggressively expanding into silicon photonics, as the company looks to capture the next wave of the global artificial intelligence infrastructure boom. Speaking on an earnings call with analysts on Thursday, Hua Hong chairman and president B…

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China’s Wang Xinyu says ‘it’s been a challenging year’ as her season ends at Hong Kong Open

It was not just the “basic stuff” on the court: Wang Xinyu also wants to improve the mental side after her season ended on Thursday at the Prudential Hong Kong Tennis Open. Tournament sixth seed Wang did not look at her best throughout the match as she lost 6-3, 4-6, 6-2 to Antonia Ruzic, failing to get past the sec…

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No Intel, no Qualcomm: Huawei unveils desktop built entirely with China-made components

Huawei Technologies has launched its first desktop computer powered by its proprietary operating system, HarmonyOS, touting the device as “100 per cent domestically made” in its latest push for technological self-reliance. The Shenzhen-based company on Thursday unveiled its Qinyun HM650 series desktop computers for …

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Lithuania builds world’s biggest ultra-fast laser factory amid China tensions

Amid tensions with China, a small European country is anchoring itself at the centre of the global semiconductor and artificial intelligence (AI) hardware supply chain as a laser powerhouse. The latest sign of Lithuania’s growing footprint in the sector came last month, when laser maker Litilit launched a new factor…

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The US-China tech contest has moved – to the gatekeeping product testers

The latest front in the US-China technology contest is not advanced chips, artificial intelligence (AI) or telecommunications equipment. It is the laboratories that certify whether an electronic product may enter the American market. On October 29, the US Federal Communications Commission (FCC) voted to stop recogni…

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N. Korean fishing boat found in waters off Ulleungdo

South Korean military said Thursday that a fishing boat from North Korea has been found in the East Sea and is currently under investigation. The Korea Coast Guard and the military discovered the boat drifting in international waters north of Ulleungdo on Tuesday, according to the Joint Chiefs of Staff. The military…

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Facing 2 years as a lame duck, what can Trump do to stay in control?

Following disastrous midterm elections that cost Republicans congressional control, US President Donald Trump could spend the rest of his term as a “lame duck” and battling constant resistance to his agenda. The loss is expected to steer the White House towards a more aggressive foreign policy and even greater relia…

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Burnt-out Chinese youth wear laid-back emperor’s robe to resist overtime

Burnt out by the relentless grind, some young people in China have rallied around an unlikely patron saint: a famously indolent Ming dynasty (1368–1644) emperor. This autumn, across office towers, universities, and streets in China’s tier-one cities, young people have begun sporting black Taoist robes modelled on th…

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China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics division

China’s state planner has told Japanese investor SoftBank it will not allow the US$5.4 billion acquisition ‌of the robotics segment of engineering group ABB to go ahead, the Swiss firm said on Thursday. The case marks the second major deal blocked by China this year after Meta Platforms was ordered to unwind its US$…

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AI disruption, geopolitics and partnerships in focus at Hong Kong business summit

Technology-driven disruptions, superpower rivalry and global partnerships were among the topics that dominated a closed-door summit in Hong Kong, as countries and tech giants seek to boost growth and lead the race in artificial intelligence. About 100 business owners, executives and academics from the United States,…

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China proves a cut above with world-first precision laser experiment in space

China’s space scientists have become the first to carry out precision laser cutting in orbit, slicing a piece of “large-scale equipment” with a robotic arm fixed to the outside the Tiangong space station. The official Science and Technology Daily reported on Wednesday that millimetre-scale cuts were made by a laser …

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Doctors demand protective measures after knife attack on psychiatrist

South Korea's largest association of doctors on Thursday called for effective measures to protect the safety of medical staff, in light of the recent knife attack against a psychiatrist. "The government and the National Assembly must diverge from the current method of ‘patching things’ up, focusing on punishment aft…

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China’s Yutong Bus expands overseas as new-energy bus exports surge

China’s Yutong Bus, the world’s largest electric bus manufacturer, is seeing its overseas shipments climb steadily, with demand growing rapidly in countries such as Australia, Malaysia, Saudi Arabia and Morocco. Based in Zhengzhou in central China’s Henan province, the company now generates more than half of its tot…

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Chinese and North Korean officials step up diplomatic drive in wake of Kim Jong-un visit

Senior Chinese and North Korean officials met on Thursday in the wake of Kim Jong-un’s recent cross-border visit and a renewed drive by the two sides to deepen their relationship. China’s top diplomat Wang Yi struck an upbeat tone on the relationship between the two countries when he hosted a visiting delegation led…

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China sees nearly 10% decline in marriages in 2026 so far, foreshadowing lower birth rate

China has witnessed a nearly 10 per cent drop in the number of marriages in the first three quarters of the year, signalling a possible full-year fall in 2026 after a rebound in 2025. The country recorded 4.648 million marriage registrations in the first nine months, down 504,000 from a year earlier, data released o…

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How Trump’s weakened grip on Congress complicates talks with China

The Democratic sweep of the US midterm elections has transformed the political balance in Washington, but it has not transferred control of foreign policy from the White House to Congress. When the new Congress convenes in January, Democrats will control both the House of Representatives and the Senate. Their victor…

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'The Devil’s Plan' Season 3 reunites champions, controversial winners

Forget rookies, the masters are back. Netflix Korea's entertainment show franchise "The Devil’s Plan" took global Netflix charts by storm in 2023 with a simple, unique premise: Throw lawyers, gamers, science YouTubers, and K-pop idols into an intellectual war zone and see who survives. Previous seasons pitted promin…

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