Business — 1,868 insights
US scientist Elsa Reichmanis defends global collaboration amid scrutiny of science exchange
Business

US scientist Elsa Reichmanis defends global collaboration amid scrutiny of science exchange

Elsa Reichmanis spent decades collaborating with Chinese science teams and says research should remain distinct from tech rivalry American materials scientist Elsa Reichmanis, whose pioneering work helped lay part of the foundation for modern semiconductor manufacturing, said scientific collaboration should transcend rivalry after receiving one of China’s highest honours for foreign experts, describing science as “a universal language” that benefits all of society. Reichmanis, a professor of chemical engineering in Lehigh University’s department of chemical and biomolecular engineering and the director of its Institute for Functional Materials and Devices, was one of nine recipients of the China International Science and Technology Cooperation Award in early July. The award recognises exceptional contributions to scientific exchanges and collaboration with Chinese researchers. Reichmanis is best known for her groundbreaking work on chemically amplified photoresists – light-sensitive materials used to etch microscopic circuits onto silicon wafers. Her chemistry made it commercially viable to pack tens of millions of transistors – or more – onto a single silicon chip, laying the groundwork for the nanoscale semiconductor industry.

China’s smart-vacuum giants swept up in US robot ban, hitting top options for Americans
Business

China’s smart-vacuum giants swept up in US robot ban, hitting top options for Americans

Washington’s expanding trade crackdown targets household electronics, focusing crosshairs on overseas firms supplying American homes The fallout from Washington’s fresh import ban on foreign robots appears poised to disrupt the American living room, threatening to lock out market-dominating Chinese smart vacuums. While initial reports largely focused on humanoids and quadrupeds – with the FCC citing supply-chain vulnerabilities and cybersecurity threats – the ban broadly covers devices capable of locomotion, obstacle navigation and certain network connectivity that weigh more than 2kg (4.4 pounds), including docking stations. That scope appears to encompass a wide range of consumer home tech, including robotic vacuum cleaners, lawnmowers, window cleaners and pool scrubbers. US tech publication The Verge reported that an agency official had confirmed on Wednesday that the restrictions applied to smart vacuums. The FCC did not immediately respond to an emailed request for comment on Thursday, outside work hours, regarding the scope of its ban. The policy strikes directly at Chinese manufacturers, which dominate the global home automation sector.

Could US subterranean warfare be a future threat to China’s military defences?
Business

Could US subterranean warfare be a future threat to China’s military defences?

Underground warfare could challenge China’s early-warning reliance on satellites and ground-based radars, think tank says Palmer Luckey, founder of defence technology company Anduril, has promoted the concept of a “subterrene” – a vehicle capable of moving through the Earth’s crust in much the same way that submarines navigate under water. The open-source military technology analysis platform Guodong Think Tank said in a report that should the subterrene concept materialise, it could present an “unprecedented” challenge to China’s long-standing defence strategy which relies heavily on geographic depth and natural terrain. Such capabilities could enable an enemy to bypass China’s mountainous southwestern and northwestern border regions to directly reach the hinterland through underground tunnels, hugely undermining the country’s geographic advantages. China’s existing early-warning systems rely on satellites, ground-based radars and signal sensors.

Hong Kong must add specialised services to tackle rising youth suicides, NGO says
Business

Hong Kong must add specialised services to tackle rising youth suicides, NGO says

David Cheng of the Samaritan Befrienders Hong Kong says uptick in youth suicide underscores need for regular risk screening Hong Kong should integrate specialised intervention services into its youth suicide response strategy, an NGO has said, as the number of minors taking their own lives reached a 10-year high in 2025. Citing the coroners’ report, the Samaritan Befrienders Hong Kong said on Thursday that 1,019 suicides were recorded last year, equivalent to 13.57 per 100,000 population. This was down from the 10-year peak of 1,138 suicide cases in 2024. However, suicides among those aged 19 or younger rose to 47, an over 30 per cent increase from 35 in 2024, bucking the downward trend. David Cheng Chung, executive director of the non-governmental organisation, said the uptick in youth suicide cases underscored the need for regular risk screening and specialised services. “This is not a problem of insufficient resources, but that our resources can’t catch up with the needs of teenagers, which are influenced by changes in society and family dynamics,” he said. “Adolescence comes with rapidly shifting priorities and countless issues to manage.

Parts of northern Hong Kong face highest climate disaster risk, study finds
Business

Parts of northern Hong Kong face highest climate disaster risk, study finds

Hong Kong Red Cross urges government to include climate resilience in its long-term development plans A report released by the charity on Thursday also said that more than 50 per cent of the city faced high-risk threats from two or three types of hazards, such as typhoons, extreme heat or fires, simultaneously. “In planning Hong Kong’s future, this risk map helps all sectors gain earlier insights into regional disaster risks during the initial stages of planning new communities, enabling disaster prevention and preparedness to be integrated into development blueprints,” Hong Kong Red Cross CEO Eleanor Lam Chuen-ping said. “We hope the government will prioritise supporting facilities in high-risk and rural areas, and include climate resilience in its long-term development plans.” Using spatial and statistical data from the government, the Hong Kong Observatory and its own public questionnaire survey, the Red Cross ranked different parts of Hong Kong according to 42 factors to assess their vulnerability to extreme weather. The study split the city into nearly 300 zones based on the government’s Tertiary Planning Units, which are small geographic areas used for town planning and census statistics.

New images point to fifth prototype for China’s J-36 fighter jet in air power race with US
Business

New images point to fifth prototype for China’s J-36 fighter jet in air power race with US

Footage suggesting rapid design upgrades comes just a month after China released first official clip of a sixth-generation fighter Fresh images and footage have emerged of what some observers say may be a fifth prototype of China’s J-36 sixth-generation combat aircraft. Andreas Rupprecht, an aviation analyst and expert on China’s air force, said the structural differences between the earliest and latest examples made it unlikely the sightings simply showed a single aircraft being repeatedly modified. “It is still difficult to assess this with any certainty,” he said. “But if one takes the reports from reliable sources as a basis, there is indeed some strong evidence to support it.”

US economic growth slows in second quarter but domestic demand robust
Business

US economic growth slows in second quarter but domestic demand robust

Despite the Middle East conflict, US consumer spending has ‌remained resilient, in part thanks to bigger tax refunds this year US economic growth slowed in the second quarter amid a widening in the trade deficit, but an acceleration in consumer spending and robust business investment in equipment related to the buildout of artificial intelligence infrastructure pointed to underlying strength. Gross domestic product increased at a 1.5 per cent ‌annualised rate last quarter, the Commerce Department’s Bureau of Economic Analysis said in its advance estimate of second-quarter GDP on Thursday. Economists polled by Reuters had forecast GDP rising at a 2.1 per cent pace. Estimates ranged from a 0.8 per cent rate to a 2.9 per cent pace. The survey was, however, conducted before the release of June’s advance economic indicators report, which showed a moderate contraction in the goods trade deficit and retail inventories unchanged. That data prompted some economists to cut their GDP estimates by as much as 0.8 ⁠percentage point to as low as a 1.5 per cent rate. The economy grew at a 2.1 per cent pace in the first quarter.

John Lee meets business and innovation leaders over Hong Kong’s first 5-year plan
Business

John Lee meets business and innovation leaders over Hong Kong’s first 5-year plan

Chief executive meets members of Council of Advisers, including Sun Piaoyang of Jiangsu Hengrui Pharmaceuticals and StarFive Semiconductor Technology CEO Xu Tao Hong Kong’s chief executive has met the business and innovation leaders advising him on the city’s strategic direction as part of drafting the first local five-year plan, with one adviser saying he was “inspired” by the high-powered group’s discussions. Speaking after the string of lunch meetings held over the past three days, Chief Executive John Lee Ka-chiu said on Thursday that the members of his Council of Advisers were confident the city would continue to give “full play” to its roles as a “super value-adder” and a “superconnector”. He also noted that among those taking part were new members Sun Piaoyang, chairman of China’s largest drug maker, Jiangsu Hengrui Pharmaceuticals, and Xu Tao, CEO of StarFive Semiconductor Technology. “Faced with a competitive external environment and accelerating technological transformations, Hong Kong must adopt a long-term perspective and formulate more systematic strategies for key development areas,” Lee said.

Hongkong Land acquires Singapore’s Wheelock Place in US$900m deal
Business

Hongkong Land acquires Singapore’s Wheelock Place in US$900m deal

Deal to buy Orchard Road complex from entity owned by Wharf Real Estate Investment is first by developer’s Singapore investment fund Hongkong Land will acquire Singapore’s Wheelock Place for about S$1.1 billion (US$900 million) through its Singapore Central Private Real Estate Fund (SCPREF), marking the fund’s first acquisition since its launch in February. The mixed-use commercial property on Orchard Road is being acquired from an entity owned by Hong Kong-listed Wharf Real Estate Investment Company, according to a statement released by Hongkong Land on Thursday. The transaction is expected to conclude by the end of August. Following completion, SCPREF’s assets under management would increase to S$9.4 billion from S$8.2 billion, bringing the fund closer to its target of about S$15 billion, the statement said, adding that the agreed price was in line with a recent independent valuation. The acquisition comes as Hongkong Land steps up efforts to grow its fund-management business. Wheelock Place comprises a 21-storey commercial building with offices, a retail podium and two basement levels containing shops and car parks.

ByteDance’s US$4b projected AI revenue tops China as it restructures office tool Lark
Business

ByteDance’s US$4b projected AI revenue tops China as it restructures office tool Lark

Company’s projected annual AI revenue is the largest known to the public among Chinese rivals, but still far behind US AI firms The Beijing-based company decided to integrate the product team of office tool Lark, known as Feishu domestically, into the product team in charge of the Doubao AI chatbot, according to an internal memo seen by the South China Morning Post on Thursday. The new bigger section would be led by Zhao Qi, who previously oversaw Doubao only, while David Xie Xin, the CEO of the Lark unit, would report to Zhao, the memo said. Meanwhile, Lark’s sales, marketing and customer services personnel would merge with a team under the cloud unit Volcano Engine, establishing a new department responsible for sales and customer service for the firm’s model-as-a-service and software-as-a-service offerings, as well as other cloud services, according to the memo. Tan Dai, the president of Volcano Engine, would take over the new team, the memo said. Similarly, Lark’s development and infrastructure team would be merged into Flow, a division that focuses on AI applications. ByteDance said the moves aimed to build “stronger AI product competitiveness and customer service capabilities”.

Can the West really decouple from China?
Business

Can the West really decouple from China?

Over the past 10 years, Washington, Brussels and London have made decreasing economic reliance on China a strategic goal. Western economic plans now stress supply-chain resilience, industrial sovereignty, technological leadership and national security. The Covid-19 pandemic highlighted weaknesses in global supply networks. Increasing geostrategic tensions, export restrictions and technological rivalry have supported political backing for reshoring and “friendshoring” manufacturing. The objective...

Viagra shows potential against cancer spread
Business

Viagra shows potential against cancer spread

Scientists at Tel Aviv University found that the blue pill curbs cancer metastasis Best known as Viagra, the erectile dysfunction drug sildenafil started off as a treatment for reduced blood flow but soon saw its value spike after its other effects became clear. The blue pill could have more uses, according to research by scientists at the Weizmann Institute of Science in Tel Aviv. The team found indications that it curbs cancer metastasis via a “newly discovered biological mechanism” drawing upon the drug’s blood dilatation effects. Sildenafil curbs the capacity of cancer cells to make use of cholesterol, which the team describes as “an essential component of cellular membranes”. “Cholesterol is particularly important for cancer cells seeking to break away from the primary tumour, migrate throughout the body and invade distant organs,” the researchers point out. They say if access to cholesterol is limited, the cells in turn “have a harder time forming metastases”. Viagra’s potential to limit cancer spread could be boosted by using it alongside statins, a widely taken medication that limits cholesterol production.