March 11, 2026 1:39 PM

Hormuz disruption threatens global oil supplies

The Strait of Hormuz, one of the world’s most critical energy routes, is facing severe disruption as tensions escalate in West Asia. The narrow waterway lies between Iran to the north and the Musandam Peninsula to the south, a territory shared by Oman and the United Arab Emirates. Stretching about 178 kilometres in length and narrowing to roughly 39 kilometres at its tightest point, the strait carries around 20 million barrels of oil each day under normal conditions. That accounts for nearly o...

March 2, 2026 3:20 PM

India’s API market likely to grow 5–7 pc through FY28

India’s active pharmaceutical ingredient (API) market, currently valued at about $15–16 billion, is projected to grow at a compound annual growth rate of 5–7 per cent in FY27 and FY28, a report said on Monday. The report from CareEdge Ratings said the growth will be driven by favourable government policies, a structural shift toward high‑potency and complex APIs, rising domestic demand and deeper penetration into regulated and emerging markets. Indian pharma firms are shifting from bas...

February 16, 2026 3:09 PM

China’s humanoid robots ready for Lunar New Year showtime

China's most-watched TV show, the annual CCTV Spring Festival gala, will be viewed later on Monday as a showcase for the country's cutting-edge industrial policy and Beijing's push to dominate humanoid robots and the future of manufacturing. Four rising humanoid robot startups - Unitree Robotics, Galbot, Noetix and MagicLab - are set to showcase their products in the gala, a televised event and touchstone for China comparable to the Super Bowl for the United States. The hype surrounding China'...

February 11, 2026 10:56 AM

China enlists AI to sniff out corruption in public bidding

China wants to use artificial intelligence in public tendering and bidding to guard against backroom deals and corruption, according to guidelines released on Tuesday, just as President Xi's years-long corruption purge intensifies. AI-enhanced tools should be used to flag irregularities in tender and bidding documents, supervise review committees' decisions, and have "human-like" reasoning ability to generate recommendations, China's National Development and Reform Commission and seve...

February 9, 2026 9:44 AM

Hong Kong media tycoon Jimmy Lai sentenced to 20 years jail in national security trial

Hong Kong’s most prominent media tycoon, Jimmy Lai, was sentenced on Monday to a total of 20 years in jail on national security charges comprising two counts of conspiracy to collude with foreign forces and one count of publishing seditious materials. The sentence ends a legal saga spanning almost five years and marks Hong Kong’s most high-profile national security hearing. Lai, the founder of the now-shuttered Apple Daily newspaper, was first arrested in August 2020 and convicted last year...

February 2, 2026 10:15 PM

Trump launches $12 billion minerals stockpile to boost US manufacturing, counter China

U.S. President Donald Trump is set to launch a strategic critical minerals stockpile with $12 billion in seed money from the U.S. Export-Import Bank, a Trump administration official familiar with the plan said. The investment marks Washington's latest attempt to offset what policymakers view as Chinese manipulation of prices for lithium, nickel, rare earths and other critical minerals - vital for items from electric vehicles to high-tech weaponry - that has stymied American mining companies for...

January 30, 2026 10:19 AM

Trump warns Britain on China ties as Starmer hails reset

U.S. President Donald Trump warned Britain against getting into business with Beijing as Prime Minister Keir Starmer lauded the economic benefits of resetting relations with China during a visit there on Friday.   As Western leaders reel from Trump's unpredictability, Starmer is the latest to head to China.   In three-hour talks with President Xi Jinping on Thursday, the British leader called for a "more sophisticated relationship" with improved market access, lower tariffs and investment ...

January 29, 2026 9:17 AM

China expects record 9.5 billion passenger trips during Lunar New Year

China expects a record 9.50 billion passenger trips to be made during the 40-day spring festival holiday travel period, higher than the 9.02 billion domestic trips last year, a state planning official said on Thursday. China has extended its official Lunar New Year holiday week to nine days for the first time, aiming to boost domestic consumption. It will be held from February 15 to February 23. Travel and tourism are among the sectors China is targeting in a new services-led consumption push ...

January 23, 2026 10:37 AM

Trump touts ‘total access’ Greenland deal as NATO asks allies to step up

President Donald Trump said on Thursday he had secured total and permanent U.S. access to Greenland in a deal with NATO, whose head said allies would have to step up their commitment to Arctic security to ward off threats from Russia and China. News of a framework deal came as Trump backed off tariff threats against Europe and ruled out taking Greenland by force, bringing a degree of respite in what was brewing to be the biggest rupture in transatlantic ties in decades. Trump's U-turn triggere...

January 20, 2026 3:33 PM

Wave of low temperature brings rare snowfall to Shanghai

A wave of low temperature sweeping southern China brought rare snowfall to Shanghai on Tuesday, delighting residents of the financial hub as authorities warned that the frigid weather could last for at least three days. The city, on China's east coast, last experienced a heavy snowfall in January 2018.And just last week, Shanghai basked in unusually high temperatures of 20 degrees Celsius (68 degrees Fahrenheit), which local media said had caused some osmanthus trees to bloom. "The weather see...