We haven't seen too many exciting mergers between fintechs and traditional banks, but could that change?
China on Thursday expressed a "high degree of concern" over deadly clashes between Israel and Palestinians and urged the United Nations Security Council to do more to de-escalate tensions and implement a two-state solution.
More than 40 percent of a top US business group's members in Hong Kong said they plan to leave the city in a survey released Wednesday, highlighting growing concerns over Beijing's sweeping national security law.
The World Health Organization said Wednesday that a variant of Covid-19 behind the acceleration of India's explosive outbreak has been found in dozens of countries all over the world.
The world's largest and most powerful space telescope unfolded its giant golden mirror for the last time on Earth on Tuesday, a key milestone before the $10 billion observatory is launched later this year.
Wondering which credit card to apply for? Here’s a round-up of the top 5 most popular credit cards in Singapore to get you started. Which are the most popular credit cards in Singapore? Depending on what you value and what you spend each month, you […] The post Most Popular Credit Cards In Singapore (2021) appeared first on SingSaver Blog - We Compare, You Save.
US House Republicans on Wednesday ousted conservative Liz Cheney, a fierce critic of Donald Trump, from her powerful leadership role in a move that tightens the former president's grip on the party.
A Chinese teacher who gained notoriety for leaving his students behind during the deadly 2008 Sichuan earthquake is in the news again for controversial comments about the incident. Fan Meizhong, referred to online as Fan Run Run after his escape, was teaching Chinese at Guangya School in Dujiangyan, Sichuan, when the quake hit May 12, 2008. Within minutes of his escape, his students joined him unharmed. The students later complained that he had left them behind in the classroom. The magnitude 8 earthquake left 69,000 people dead and 18,222 missing.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. During the public backlash, Fan was fired from his job and denounced online and in the media. He repeatedly stated in interviews that it was not a teacher’s obligation to save students at the cost of his own life. “I am a person pursuing freedom and justice, instead of a person to sacrifice one’s own interests for the sake of others,” Fan wrote in an article published soon after the incident. “At this moment of choosing between death and life, I will sacrifice myself only for my daughter. For other people, even including my mother, I won’t care about them in this circumstance.” Yesterday on the 13th anniversary of the earthquake a video of Fan being interviewed on a talk show in 2012 where he repeated his earlier comments went viral on Weibo. “What I said these years is a significant enlightenment of thought for China. My views have been a big positive influence for students,” he said in the programme. “I help them realise their own rights and come to know that we should build the right systems, rather than rely on people’s morals, to make this world become better.” Miracle Chinese pig that survived 2008 Sichuan earthquake is dying, says owner “I am perhaps the one in China who spent the most effort in sticking to being oneself,” he said. Internet users were divided on Fan’s comments. “I say that his choice of running first is human nature. But he always boasts about his escape and I look down upon him,” wrote one person on Weibo. But another user commented, “I think he did nothing wrong. It’s not necessary to criticise him from a moral aspect.” It received nearly 400 likes. A third person said on Weibo, “It’s meaningless to use as propaganda his escape. We should remember the heroes who saved others in the earthquake and spread their spirit.” One of those cited as a hero was Tan Qianqiu, another teacher at Dongqi Middle School in Deyang, who used his body and a desk to form a shelter for four students in the earthquake. The students were all rescued, but Tan died in the disaster.More from South China Morning Post:Miracle Chinese pig Zhu Jianqiang that survived 36 days trapped under debris after 2008 Sichuan earthquake dying, says ownerHow China’s steady erosion of media freedom rose from Sichuan’s ruins‘Pet mystery box’: China’s dog and cat mail-order craze causes new outrageBoy who lost a leg in China’s 2008 Sichuan earthquake now dances to inspireTaiwan rattled by two earthquakes, bracing for aftershocksThis article ‘Fan Run Run’: teacher in China who left students behind during 2008 Sichuan earthquake in new controversy first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Sinovac has already shipped some 380 million doses, more than AstraZeneca and second only to Pfizer worldwide. But unlike those companies, it still hasn’t published any data in an academic journal.
The United States has returned $452 million to Malaysia related to the scandal-hit sovereign wealth fund 1MDB, authorities said Wednesday, as the Southeast Asian nation steps up efforts to recover looted cash.
Those who refused to be seen as cows have taken offense. This article, Penang strips Hari Raya-themed cow over uproar, originally appeared on Coconuts, Asia's leading alternative media company.
US Trade Representative Katherine Tai came under pressure in a Senate hearing over whether America should seek entry to the Asia-Pacific trade pact that Washington withdrew from in 2017 and faced backlash for her backing of a proposal to waive coronavirus vaccine patent protections. Tai’s hearing before the Senate Finance Committee reflected strong bipartisan support for talks regarding the Trans-Pacific Partnership (TPP) that was revised by the remaining 11 signatories including Japan, Canada and Mexico after former president Donald Trump pulled the US out and came into effect as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2018. “A number of us have talked about the TPP, whether in some revised and updated form, but the geopolitics of that seem very obvious as well as the economic benefits,” said Senator John Cornyn, a Republican from Texas.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 one thing that we have in the United States that China does not have is friends, and I think it will do nothing but enhance our national security and our economic security by banding together with like minded countries in the region.” China’s exclusion from the TPP, negotiated during the administration of former president Barack Obama, was a key attribute for the US and other countries looking to check the regional influence Beijing had been gaining in tandem with its economic growth, even if such sentiments were never openly expressed. As voter sentiment turned sharply against global trade in the run-up to the 2016 presidential election, Trump made withdrawal one of his first official acts. US ‘made wrong move in response’ to China’s tech challenge Beijing then integrated itself more deeply into the region’s trade ties last year as leaders from China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of Southeast Asian Nations (Asean) ratified the Regional Comprehensive Economic Partnership (RCEP). Mike Crapo, the senior Republican on the Senate committee called RCEP “China’s model for what trading relationships in the region should look like”. “In the absence of US leadership in the region, our allies will have to look elsewhere,” said the senator from Idaho. “If the United States has to pursue a worker-centred trade policy we need to be mindful that American workers lose when China writes the rules.” Benjamin Cardin, a Democrat from Maryland raised the same concern. “It’s important that we expand our trading opportunities with countries in [the Asia-Pacific] region,” he said. “We’re not a member of the Trans-Pacific Partnership, we find China extremely engaged, so what is our strategy to deal with China’s influence?” When pressed directly on whether she would seek negotiations with CPTPP members on Washington’s possible entry, Tai reiterated her stance that negotiations would require support from the trading bloc for a “worker-centred” trade policy that does not stop enriching manufacturers. She also alluded to the need for strong bipartisan support for CPTPP negotiations, noting that domestic political opposition to the pact’s first incarnation doomed the effort. Could a win for Joe Biden see the US re-engaging on global trade? “There are a lot of good [trading] partners … that are very interested in engaging with US leadership again that will be there,” said Tai, adding that she wants “to ensure that as we are taking steps … to make sure that we are effective, and that we are pursuing a vision that is well supported, here at home, on a very strong and robust bipartisan basis”. Perceptions of China as an economic threat have gained more momentum since the 2016 election, helping to overcome opposition to an Asian-focused trade pact, said Neysun Mahboubi, a research scholar at University of Pennsylvania’s Centre for the Study of Contemporary China. “The utility of TPP for purposes of competing with China, economically, is overwhelmingly apparent,” said Mahboubi, who also cautioned that “there remain countervailing domestic politics” to be overcome before bipartisan support is strong enough for Washington to join. Some labour unions, including the International Association of Machinists and Aerospace Workers (IAM), for example, opposed the United States-Mexico-Canada Agreement, Trump‘s signature trade deal. Congress passed the USMCA, a revised and more labour-friendly version of the North American Free Trade Agreement (Nafta) last year, although IAM president Robert Martinez Jnr announcing after its passage that accord did not do enough to stop the outsourcing of hundreds of thousands of jobs to Mexico. There was less agreement among the senators on the patent waiver front in Wednesday’s hearing. The message was mostly split between criticism from Republicans and encouragement from Democrats, with the exception of Bob Menendez from New Jersey, who chided Tai for not engaging in “appropriate congressional consultation” before making her announcement last week. Many of the Republicans warned that such a move would undercut health care technology innovation that will be needed to fight additional infection surges as well as future pandemics. “Why would we expect American innovators to make massive new investments in medical research, in carbon capture, in clean energy and advanced technologies, if they risk losing intellectual property during the next thing that is truly a global crisis?” said John Barrasso, a Republican senator from Wyoming. US trade representative expects to meet China’s Liu He ‘in the near term’ Other Republican used the same line of argument. “I am aware of no evidence whatsoever, that this step is going to enhance vaccine availability in developing countries,” said Patrick Toomey, a Pennsylvania Republican. “It could quite possibly be the contrary … there are many safety concerns, for instance, [about] facilities around the world that just don’t have the technology to make this properly. “Frankly, I think it undermines our ability to deal with the next crisis, including the possibility of the next iteration of this crisis,” Toomey said. Tai pushed back against Republicans, pointing out that the pandemic remained out of control in many parts of the world, and would continue to drag economic growth in the US and globally until government action was taken to make vaccines more widely available. She also stressed that no final decision would be made before consensus was reached within the framework of the World Trade Organization.More from South China Morning Post:US agrees to remove Xiaomi from trade blacklist after lawsuitUS Trade Representative Katherine Tai says she expects to meet Chinese counterpart Liu He ‘in the near term’US-China relations: trade talks will take place ‘when the time is right’, says new US Trade Representative Katherine TaiSenate confirms Katherine Tai as US Trade RepresentativeThis article USTR Katherine Tai under pressure on Asia-Pacific trade pact first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
China has deployed more ships in a disputed area of the South China Sea even after the Philippines’ repeated protests, according to President Rodrigo Duterte’s top diplomat.
Lawyers for Meng Wanzhou will open another front in her marathon extradition battle next month, when they seek to admit new evidence from HSBC that they believe will bolster their contention that the Huawei Technologies executive is the victim of an abuse of process. An application to admit the evidence will be made on June 7, and a hearing conducted on June 29 and 30, Associate Chief Justice Heather Holmes said at a case management conference in the Supreme Court of British Columbia in Vancouver on Wednesday. The nature of the evidence has not been revealed, although Meng’s lawyers say the material is “copious”. The evidence is being provided as the result of a court ruling in Hong Kong last month, in which HSBC agreed to provide the material.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. Meng, who is Huawei’s chief financial officer and the daughter of company founder Ren Zhengfei, has been fighting against a US request to have her extradited to face trial in New York ever since she was arrested at Vancouver’s airport on December 1, 2018. New delay in Meng’s extradition case as technical problems thwart hearing She is accused of defrauding HSBC by lying about Huawei’s business dealings in Iran, thus putting the bank at risk of breaching US sanctions on the Middle Eastern country. She denies the charges. Meng, who attended Wednesday’s hearing by phone, was bound over until May 31 when another case management conference will be held remotely in accordance with pandemic precautions. She spoke briefly to confirm she would return to court in person on June 29. The court had originally been expected to hear final arguments in the extradition case this month. But Meng’s lawyers last month secured an adjournment to have those arguments heard in August instead, giving them time to assess the HSBC evidence. Canadian government lawyers representing US interests in the case have accused Meng of using delaying tactics. Meng extradition case thrown into turmoil as judge grants three-month delay Meng’s arrest triggered upheaval in China’s relations with Canada and the US. Two Canadians, Michael Kovrig and Michael Spavor, were arrested in China soon after her detention, and recently underwent closed-door trials for espionage. No verdicts have been announced, while Canada has said the men are victims of arbitrary detention and hostage diplomacy by China. Wednesday’s case management conference had been postponed last week due to technical problems with the remote hearing.More from South China Morning Post:Another unexpected delay in Meng Wanzhou’s marathon extradition case, as technical difficulties thwart virtual hearingHSBC, Huawei’s Meng Wanzhou settle Hong Kong case seeking documents as she fights extraditionDelaying Meng Wanzhou’s airport arrest until after border exam was not an FBI conspiracy, extradition hearing is toldReject Meng Wanzhou’s ‘exciting narrative’ of abuse, Canadian government lawyer tells extradition judgeThis article Huawei’s Meng Wanzhou opens new front in marathon extradition battle, seeking to admit new HSBC evidence first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
The United States warned Wednesday that Beijing would use the Winter Olympics to gloss over abuses as it slapped sanctions on another Chinese official over treatment of the Falun Gong.
Taiwan's stock exchange plunged more than eight percent on Wednesday as investors fretted over fresh coronavirus restrictions and a wider selloff in global tech stocks.
The Taliban have seized a district from Afghan government forces on the outskirts of Kabul, ahead of a three-day ceasefire agreed between the warring sides, officials said.
Vietnam’s Civil Aviation Authority is proposing the construction of an airport in the disputed Spratly Islands, Thanh Nien newspaper reported.
The Government has been planning the Singapore-Hong Kong Air Travel Bubble since 2020, and it is likely to the first opening of our borders for leisure travel. How will this impact the local property market?
Myanmar's Buddhist monkhood led an earlier struggle against military rule but is split on the coup that ended the country's nascent democracy, with some prominent religious leaders defending the new junta.
The best cashback credit cards in Singapore help you save money on your daily spending in a convenient and easy way. Cashback credit cards offer perhaps the most straightforward type of reward for consumers. Simply charge your spend to a cashback card, and you automatically […] The post Best Cashback Credit Cards In Singapore (2021) appeared first on SingSaver Blog - We Compare, You Save.