Kevin Iole chats with former UFC light heavyweight title challenger Anthony Johnson, who returns to the cage Friday to face Jose Augusto at Bellator 258 at Mohegan Sun Arena in Uncasville, Connecticut.
Kevin Iole chats with former UFC light heavyweight title challenger Anthony Johnson, who returns to the cage Friday to face Jose Augusto at Bellator 258 at Mohegan Sun Arena in Uncasville, Connecticut.
China said Friday the risk of damage from a rocket falling back to Earth was "extremely low", after the United States warned it could crash down on to an inhabited area.
A woman who gained notoriety for refusing to wear a face mask in public during the circuit breaker while claiming that she was a “sovereign” above the law in two viral videos last year was on Friday (7 May) jailed for two weeks and fined $2,000.
Hang Seng Bank’s vice-chairman and chief executive officer Louisa Cheang Wai-wan will take a three-month leave of absence as she recovers from a medical condition first disclosed last year, according to a statement by the lender. Margaret Kwan Wing Han, executive director and the head of Hang Seng’s wealth and personal banking business, will serve as acting CEO during her absence, the bank said in a stock exchange filing. Shares of Hang Seng Bank declined by as much as 1 per cent amid an advancing market in Hong Kong. The bank, which is 62.14 per cent owned by HSBC, the biggest of Hong Kong’s currency-issuing lenders, announced Cheang was undergoing treatment for a “recently diagnosed medical condition” last July, without elaborating.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Hang Seng did not disclose further details of her condition at the time, but said Cheang was able to continue her duties. The bank said at the time that her condition would not affect its strategic or development plans. People familiar with the situation previously said that her illness was not Covid-19 and she was not expected to take a lengthy sick leave. Cheang, a former HSBC executive, has served as Hang Seng’s vice-chairman and CEO since July 2017. She took the top job after the retirement of Rose Lee Wai-mun. Before joining Hang Seng she was group general manager and group head of retail banking at HSBC from 2014. She first joined HSBC in 1999 in its credit card department. Cheang’s leave of absence comes just weeks before independent director Irene Lee Yun Lien is expected to become the bank’s first woman to serve as chairman, replacing Raymond Ch’ien Kuo Fung, who is retiring after 13 years to devote time to his other commitments and interests. Lee’s appointment is expected to happen at the bank’s annual meeting on May 26. It also comes just months after Hang Seng reported a 33 per cent drop in profit to HK$16.7 billion in 2020, as the coronavirus pandemic weighed on investments and spending activity in Hong Kong, cutting into transaction volumes by its commercial and retail customers. The city’s economy rebounded sharply in the first quarter, growing by 7.8 per cent after reporting its worst contraction on record in 2020. Hong Kong’s lenders are also dealing with a period of historically low interest rates, which has weighed on revenue from traditional lending products tied to interest rates. Kwan, the acting CEO, has been with Hang Seng since 1995, joining from Standard Chartered Bank. She previously served as head of consumer assets, head of unsecured loans and senior marketing, as well as a stint as business development manager for unsecured lending.This article Hang Seng Bank’s chief executive to take three-month leave of absence as she recovers from medical condition first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Jeff Bezos sold about US$2.5 billion of Amazon.com Inc. stock, his first big disposal this year.
The Ministry of Health (MOH) on Friday (7 May) confirmed 25 new COVID-19 cases in Singapore, taking the country's total case count to 61,311.
China will be watching closely for any changes to America’s policy on Taiwan after the White House’s top Asia official rejected calls for the US to issue a clear statement of willingness to defend Taiwan in the event of the island coming under attack from Beijing, observers said. The People’s Liberation Army had paid close attention to remarks made on Tuesday by Kurt Campbell, Indo-Pacific coordinator on the Biden administration’s National Security Council, a person close to the Chinese military said. “The PLA realises the importance of building communication channels with their American counterparts but the political tensions between the two countries have hindered that,” the source said.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. “The lack of transparency has also made the PLA doubt whether Washington will adjust its ‘strategic ambiguity’ over the Taiwan issue.” In a discussion event hosted by The Financial Times , Campbell said there would be “significant downsides” if the US changed its long-standing policy of “strategic ambiguity” on whether Washington would intervene in the event of an attack on Taiwan. He said he believed there was an appreciation in the US and China that maintenance of some degree of status quo over the island was in the best interests of both countries. The real short- and medium-term risks were from “accidents and inadvertence”, given the proximity of US and Chinese forces, he said. His remarks came amid high tensions between the two countries in the region. In a statement last month, US President Joe Biden and Japanese Prime Minister Yoshihide Suga spoke of the “importance of peace and stability in the Taiwan Strait”. Similar language was used in a G7 statement released on Wednesday. However, Shi Yinhong, a professor of international relations at Renmin University, said there were indications the two countries were trying to keep a lid on the situation. “There are signs Beijing and Washington are trying to alleviate military tensions, even though Campbell warned that the crisis-control mechanism was ineffective.” Shi, who is also an adviser to Beijing on US policy, said that since the commission of three Chinese warships on April 23, both sides had scaled down their military activity in the East and South China seas. Biden team likely to proceed with Trump’s China investment ban “The war of words between China and the US has continued, but the PLA hasn’t sent any warships across the median line of the Taiwan Strait or deployed aircraft to conduct island encirclements,” he said, adding that the US had also suspended its “provocative moves” in the region over the past two weeks. “The military activities of both sides could be seen as a reflection of the political dynamics between China and the US, implying both sides are trying to alleviate their political tensions.” Campbell said on Tuesday it was important to build confidence between Washington and Beijing and ensure communications in moments of crisis. But while there were checks and safeguards in place – similar to those used during the Cold War – China had been reluctant to use them, he said. “So we do have a hotline, it’s known to have, the couple of times we’ve used it, just rung in an empty room for hours upon hours,” he said, without elaborating. Macau-based military observer Antony Wong Tong said Campbell’s comments about a breakdown in communications were cause for concern. “The refusal to answer the hotline could cause serious consequences amid tensions between the two countries,” he said. “The Cuban Missile Crisis [which pushed the US and the Soviet Union to the brink of a nuclear conflict in 1962] was resolved because the leaders of the US and former Soviet Union maintained communication via their hotline.”More from South China Morning Post:US efforts to rally allies may not sway China, says Joe Biden’s top Asia officialJoe Biden’s team likely to proceed with Donald Trump’s China investment banChina hits out as G7 slams Beijing over human rights, backs TaiwanUS-China relations won’t improve until Beijing ends trade row with Australia, Biden aide saysTaiwan issue, risk of conflict loom large for Beijing’s political eliteThis article China watches for changes to US’ Taiwan policy after Kurt Campbell’s comments first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
The largest real-world study yet of the Pfizer/BioNTec vaccine on Thursday confirmed that the jab provided more than 95 percent protection against Covid-19, but found that the level dropped significantly when people received just one of the two prescribed doses.
With credit cards that promise the most generous rebates, take you on YOLO escapades and turn you into a privy traveller, UOB has no lack of artillery to help you get more out of life. As one of the top local banks in Singapore, UOB […] The post Best UOB Credit Cards In Singapore (2021) appeared first on SingSaver Blog - We Compare, You Save.
Singapore Press Holdings chief executive officer Ng Yat Chung took offence to a reporter's question about SPH's goal of "editorial integrity" at a news conference on 6 May to announce plans to spin off the conglomerate's ailing media business.
Prime Minister Boris Johnson's Conservatives were bidding Friday for an upset victory in a northern industrial seat after Britain held its first major electoral test since Brexit and the coronavirus crisis.
China says it hopes to see its investment agreement with the European Union ratified soon amid intense speculation that the EU may abandon the deal. An EU spokeswoman on Tuesday denied reports it had suspended efforts to ratify the deal signed with China but warned the ratification process “cannot be separated from the evolving dynamics of the wider EU-China relationship”. After the Comprehensive Agreement on Investment (CAI) was signed last year, relations between China and the EU have nosedived over human rights concerns in Xinjiang. In March, the EU joined the United States, Britain and Canada in imposing sanctions on Chinese officials for human rights abuses in Xinjiang. Beijing has retaliated with sanctions on European officials and academics, hitting the chances of the European Parliament ratifying the deal.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. China’s foreign ministry spokesman Wang Wenbin said on Thursday that Beijing wanted to keep up communications with the EU to ensure the deal was ratified as soon as possible. “The nature of the China-EU Comprehensive Agreement on Investment is mutually beneficial and serves the interest of China, the EU and the world,” Wang said at a regular press conference. “The Chinese side is willing to maintain communication with the EU side to push for the early ratification of the agreement, so as to benefit the people on both sides and to send a positive signal to the world about China and the EU upholding an open world economy.” What is the China-EU CAI and how is it different from a trade deal? Speculation emerged after the French news agency AFP quoted EU trade chief Valdis Dombrovskis as saying in an interview: “We have … for the moment suspended some efforts to raise political awareness on the part of the [European] Commission because it is clear that in the current situation, with the EU sanctions against China and the Chinese counter-sanctions, including against members of the European Parliament, the environment is not conducive to the ratification of the agreement.” In a written statement, the EU said: “The agreement needs to be now legally reviewed and translated before it can be presented for adoption and ratification. However, the ratification process of the [deal] cannot be separated from the evolving dynamics of the wider EU-China relationship.” It continued: “In this context, Chinese retaliatory sanctions targeting members of the European Parliament, and an entire parliamentary committee, are unacceptable and regrettable. The prospects for … ratification will depend on how the situation evolves.” The deal needs to be approved by the parliament but also the EU Council, which is made up of all 27 heads of government, before it can become law. China hits out as G7 slams Beijing over human rights, backs Taiwan Also on Thursday, Wang said the EU should not put up new trade barriers. It follows the EU’s proposed new rules – seen as targeting China – preventing subsidised firms devouring strategic European assets. “The EU … is also a beneficiary of free trade. We hope the EU side can continue to push for trade and investment liberalisation, reduce market barriers, especially avoid creating new barriers, and to provide an open, transparent, and non-discriminatory market environment for Chinese companies in Europe,” he said. The EU plan was announced on Wednesday alongside an updated industrial policy that was also partly aimed at countering China’s influence on the European economy. The draft proposals on subsidies, which require approval by the EU’s 27 member states, would make it more difficult for Chinese and other foreign firms to buy EU businesses or assets or bid for public contracts if they recipients of state subsidies.More from South China Morning Post:China hits out as G7 slams Beijing over human rights, backs TaiwanEU moves to curtail subsidised firms in veiled swipe at ChinaEU regulator starts review of China’s Sinovac vaccineWhat is going on in Xinjiang and who are the Uygur Muslims?EU aims to cut reliance on China for chips and pharmaceutical materialsThis article China hopeful EU investment deal can be ratified despite growing doubts over its future first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Calling himself a ‘commoner,’ Najib questioned whether the law treated high-ranking ministers the same way. This article, Fined for breaching COVID-19 rules, Najib Razak posts photo of maskless Muhyiddin, originally appeared on Coconuts, Asia's leading alternative media company.
The World Health Organization on Friday approved the first Covid-19 vaccine from China in a bid to boost global immunisation drives, as India logged yet another record number of infections that have spilled over into neighbouring countries.
Outgoing Transport Minister Ong Ye Kung on Friday (7 May) instructed the Protection from Online Falsehoods and Manipulation Act (POFMA) office to issue a correction direction in response to a video circulating online purportedly showing a large group of travellers arriving from South Asia at Changi Airport this week.
After years of proxy warfare, Saudi Arabia's secret talks with arch-rival Iran signal a high-wire diplomatic act as it scrambles to rein in Tehran-backed Yemeni rebels, although prospects of a breakthrough look remote.
Top trade negotiators from China and the Biden administration may hold their first conversation soon to review the phase one trade deal, two sources familiar with the discussion said. “The talk at the principal level may come soon. Both sides need to review the progress of the deal and put on the table the divergence and conflicts”, said one of the sources. Katherine Tai, who was sworn in as the US Trade Representative on March 18, has held over 20 virtual meetings with her counterparts, covering all major economies apart from China.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The last time the two biggest economies discussed the phase one deal – a two-year agreement signed in January last year that took effect one month later – was in August last year. The deal stipulates that senior level consultations take place every six months. Intellectual property protection is key to China’s development, says Xi Tai said on Wednesday that she expects to engage “in the near term” with the Chinese side, led by vice-premier Liu He, to assess the implementation of the trade deal. “It is our responsibility in the Biden-Harris administration to carry forward the relationship, where we do not shy away from being tough, but where we also know we must be fair and must be future focus-oriented,” she told an online event hosted by the Financial Times. Beijing and Washington have held talks on climate change, diplomacy and strategic topics since March, despite ongoing tensions over issues such as the South China Sea, Taiwan and human rights. Tai said last week that her office has yet to start a comprehensive review of US trade policy toward China, but she would closely monitor how China follows through on its commitments. China agreed to increase imports from the US by at least US$200 billion over the two years covered by the deal in exchange for the removal of tariffs on its exports to US, but actual purchases have fallen behind, partly due to the coronavirus pandemic. “China is expected to inform the US side of the actual procurement situation and the consultation will focus on discussing how to address the difficulties and how to put forward the deal for the rest of the year”, said Lu Xiang, a senior researcher on China-US relations with the Chinese Academy of Social Sciences. “Bilateral trade has spiked so far this year, but there are still difficulties in fully making up for the shortfall last year. Both sides, especially the US, need to show the utmost sincerity in cooperation,” said Lu. “We will be outspoken on problems but also stick to cooperation. The deal is not perfect for either side, and now it is time for the US to propose solutions”. In a report released last Friday, the US Trade Representative admitted China had improved its intellectual property protections but those steps “fall short of the full range of fundamental changes needed to improve the IP landscape in China”. No time for talking on US-China trade deal in Biden’s first 100 days Beijing has repeatedly urged the US to roll back its punitive tariffs on Chinese products and called on the American business community to push Washington to remove the tariffs. But US officials, including Tai, have said the tariffs will remain in place for now. “The situation when the deal was signed was altered dramatically by the pandemic. Exchanges have been reduced, and service trade – such as students and tourism – are unlikely to return to pre-pandemic levels”, said one of the sources. Chinese observers have said the purchase targets in the phase one deal are unrealistically high and expect the deal to disappear over time. Shi Yinhong, a professor at international relations with Renmin University, said it’s not “too much of a problem” for China to continue buying US products as long as China has the purchasing ability and it does need meat, grains and energy products. He noted that Tai has expressed concerns over China’s intellectual property protection practices, but he does not expect there to be a serious disagreement over the topic. “At most China will say we are doing a good job and the US will say China is not doing a good job, but China will also accept the request to strengthen the protection of intellectual property rights,” he said. However, Shi said tensions over trade are less serious than other conflicts. “So even if there is less of a clash on trade, it will not make the overall US-China relationship significantly better. Even if the talk between Liu and Tai goes well, it will not have a significant impact on the overall situation,” he said. Lu also noted that the heightened political hostility against China in the US and said that security and political considerations would have an impact on trade decisions. US-China trade deal: Washington unlikely to relent on Beijing’s commitments Wang Huiyao, president of the Centre for China and Globalisation, a Beijing think tank, said this is an opportunity for both sides to talk about trade. “It is really hard to get rid of this tariff and that’s probably the concern of the Chinese side as well. On the US side, all the companies are paying a big price for that, which is not good for the US economy. “When President Trump was doing that, he was trying to help farmers. But of course, what the Biden administration wants is more about IP protections, market-entry, equal market access and so on,” he said. Chinese foreign ministry spokesman Wang Wenbin said on Thursday that both China and the US can benefit from economic and trade ties, and their differences should be resolved on an equal basis. Additional reporting by Catherine WongMore from South China Morning Post:US Trade Representative Katherine Tai says she expects to meet Chinese counterpart Liu He ‘in the near term’Why China’s intellectual property protection matters to Beijing and WashingtonUS efforts to rally allies may not sway China, says Joe Biden’s top Asia officialThis article US-China relations: Biden’s trade team set for first talks to discuss phase one deal first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Jailed Hong Kong dissident Joshua Wong was handed an additional 10-month sentence on Thursday after he pleaded guilty to taking part in an "unlawful" protest last year over the Tiananmen Square crackdown.
Sydney health authorities were on Thursday hunting the source of their first local Covid-19 cases in more than a month, as New Zealand paused a quarantine-free travel bubble with the city.
In Jane Austen’s novel, Golding’s character is described as ‘charming’ but ‘cold.’ This article, Henry Golding to star alongside Dakota Johnson in Netflix film ‘Persuasion’, originally appeared on Coconuts, Asia's leading alternative media company.
HiSilicon, Huawei Technologies Co’s integrated circuit (IC) design unit, is expected to be the biggest loser in the 5G smartphone chipset market in 2021 as US company Qualcomm and Taiwan’s MediaTek expand their presence, according to a new research note published by Counterpoint. The Chinese chip firm had 23 per cent of the 5G phone chipset market in 2020, but it is expected to see that share shrink to less than 5 per cent this year. Its share of overall global smartphone chipsets, which includes 4G, is expected to shrink from 10 per cent in 2020 to about 3 per cent this year, dropping out from the top five players, according to Counterpoint. The decline of HiSilicon’s business is a direct result of the US government’s tightened sanctions last summer, barring semiconductor companies from supplying Shenzhen-based Huawei with chips made using US technology without prior approval, effectively severing the Chinese telecom giant’s access to advanced semiconductors.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Taiwan’s foundry king says mainland China is not yet a competitor Huawei did not immediately reply to a request for comment. HiSilicon was responsible for designing the Kirin processors for Huawei‘s smartphones. However, as the company has no chip manufacturing capacity of its own, it outsourced wafer fabrication to foundries like Taiwan Semiconductor Manufacturing Co (TSMC). But under the tighter US sanctions, HiSilicon can no longer do business with TSMC or other foundries because they all rely to some extent on core US technology to make wafers. Huawei’s rotating chairman Eric Xu Zhijun said last month that the company will keep its HiSilicon chip unit for as long as it can, despite the fact that it cannot find a foundry to make its chips. HiSilicon’s loss has been MediaTek’s gain, with the fortunes of the Taiwan-based chip designer rising amid US-China tech tensions. This year, MediaTek retained its top spot in the so-called fabless chip maker rankings over US-based Qualcomm, Counterpoint research shows. MediaTek, which designs processors for mobile applications, is the major supplier to Chinese smartphone vendors like Xiaomi, Oppo and Vivo, which have collectively soaked up market share from Huawei after its handset business was crippled by US sanctions. MediaTek is expected to account for 37 per cent of the global mobile chipset market this year, ahead of Qualcomm with 31 per cent, Counterpoint said. Last year, MediaTek overtook Qualcomm to become the largest supplier in this market, with a share of 32 per cent versus 28 per cent for the US company. Explainer: How Xiaomi rose to become China’s No 1 smartphone maker “MediaTek is likely to continue its momentum [from] the fourth quarter last year into 2021,” Counterpoint research director Dale Gai said in the research note. “The potential annual uptick in demand is a function of a competitive 5G portfolio powering sub-US$150 5G smartphone [chips] manufactured at TSMC without any supply constraint, and growing share in the 4G segment.” He added that in the first half, MediaTek would benefit from Qualcomm’s current supply constraints caused by disruptions at Samsung Electronics’ Austin, Texas, wafer fab, where a deep freeze in February caused widespread power outages in the state. However, Qualcomm still leads in 5G chipsets with its market share expected to reach 30 per cent in 2021, followed by Apple and MediaTek with 29 per cent and 28 per cent, respectively.More from South China Morning Post:US strikes at a Huawei prize: chip design company HiSiliconHuawei’s HiSilicon becomes first mainland Chinese chip company to enter top 10 in global sales, says IC InsightsThis article US-China tech war: Huawei’s chip unit HiSilicon to see massive decline in 5G chip market this year first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.