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Trump-Putin talk Iran and Ukraine, US energy exports...

News - South China Morning Post ·

2026/04/30

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

Will top Hong Kong civil servants pay price for...

News - South China Morning Post ·

2026/04/30

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...

Geely joins Chery, BYD in profit slide as reduced...

News - South China Morning Post ·

2026/04/30

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...

Brics to push for intra-currency payments as...

News - South China Morning Post ·

2026/04/30

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...

Trump may cut US troops in Germany after Merz’s...

News - South China Morning Post ·

2026/04/29

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,...

US lawmakers warn China is top space rival as race to...

News - South China Morning Post ·

2026/04/29

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

HKMA holds base interest rate at 4%, following Fed as...

News - South China Morning Post ·

2026/04/29

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

UN bloated, costly, but China fears should keep US...

News - South China Morning Post ·

2026/04/29

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...

Brown University shooter targeted symbolic victims...

News - South China Morning Post ·

2026/04/29

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,

The UAE’s exit from Opec could bring ‘even bigger...

News - South China Morning Post ·

2026/04/29

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...

From Japan to India, overtourism cries out for new...

News - South China Morning Post ·

2026/04/29

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...

UK’s King Charles commemorates 9/11 victims in New...

News - South China Morning Post ·

2026/04/29

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...

Powell says he’ll stay at Fed after chair term ends,...

News - South China Morning Post ·

2026/04/29

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

Trump hails ‘very good’ Putin call as Iran talks...

News - South China Morning Post ·

2026/04/29

US President Donald Trump spoke with his Russian counterpart Vladimir Putin on Wednesday, discussing the wars in Ukraine and Iran even as Washington pressed ahead with its naval blockade of Iranian ports. Trump told reporters as he met with astronauts from the Artemis II mission ‌in the Oval Office that the conversation was “very good” and that the US was “going to come up with a solution relatively quickly” over its ongoing conflict with Iran. “He told me he’d like to be involved with the...

US Supreme Court curbs race-based voting maps in...

News - South China Morning Post ·

2026/04/29

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...

Man charged with trying to kill Trump took photo with...

News - South China Morning Post ·

2026/04/29

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

Iran war price tag hits US$25 billion as Hegseth...

News - South China Morning Post ·

2026/04/29

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 US$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

Trump says blockade on Iran could last for months,...

News - South China Morning Post ·

2026/04/29

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

Sweden targets social media giants over ‘murder...

News - South China Morning Post ·

2026/04/29

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

Chips, oil and Iran: why US is raising pressure on...

News - South China Morning Post ·

2026/04/29

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

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