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South China Morning Post
20 minutes ago
- South China Morning Post
China unveils first high-speed VTOL jet drone that makes every warship an aircraft carrier
Advertisement The sleek, runway-independent uncrewed aircraft can be launched from the decks of ordinary warships – even in rough seas – and transition seamlessly into a fast, long-range cruise flight. The drone, representing a radical departure from conventional drone designs, was developed by a 10-year effort led by associate professors Wang Yaokun and Qiu Yuting with Beihang University, a top aviation research institute in Beijing targeted by US sanctions. Unlike the US Air Force's XQ-58A Valkyrie, which requires long runways or aircraft carriers for take-off and landing, this new Chinese platform combines vertical lift ability with jet-powered high-speed flight in a single, aerodynamically refined airframe. This breakthrough could potentially transform every Chinese destroyer, frigate or amphibious vessel into a mini aircraft carrier. Advertisement 'We've compared it to other mainstream VTOL drones at present. It is far superior in terms of speed,' wrote the project team in a peer-reviewed paper published in the Chinese-language journal Aero Weaponry on July 15.
South China Morning Post
20 minutes ago
- South China Morning Post
‘We're blowing everyone away': Trump shrugs off Latin American nations looking to China
US President Donald Trump on Thursday said he was not worried about Brazil Mexico and other Latin American nations moving closer to China, telling reporters in the Oval Office, 'They can do whatever they want.' Advertisement The remarks came during a brief exchange at the White House. Trump added: 'You know, none of them are doing very well, and what we're doing in terms of economics, we're blowing everyone away, including China. We're doing better than any other country in the world right now.' Trump's comments came as Brazil steps up coordination with Beijing to mount a multilateral response to the tariffs he imposed last month. On Tuesday, Brazilian President Luiz Inácio Lula da Silva spoke for about an hour by phone with Chinese leader Xi Jinping to discuss the 'Brics bloc's role in countering unilateral trade measures'. The call was arranged after Washington announced a 50 per cent tariff on a wide range of Brazilian exports in late July, threatening billions of dollars in trade. Chinese President Xi Jinping and his Brazilian counterpart Luiz Inácio Lula da Silva spoke by phone this week as the two nations step up coordination. Photo: AFP Trump has linked the tariffs to Brazil's political crisis, citing the criminal prosecution of former president Jair Bolsonaro on charges of plotting to overturn the 2022 election
South China Morning Post
2 hours ago
- South China Morning Post
Geopolitical risks reshape business strategies as global tensions rise, Lazard says
Discussions on geopolitical risks have become an increasingly central part of business and investment decision-making, according to Lazard. Five or 10 years ago, people would be talking about geopolitics casually, according to Ronald Temple, chief market strategist at the US financial advisory and asset management firm. 'But now geopolitics are part of board meetings,' he said. Temple said that geopolitical risks – from the Trump administration's policy shifts to US-China regulatory hurdles and Taiwan-related contingency planning for semiconductor firms – now extend beyond cross-border issues to include domestic policies' global repercussions. 'For example, provisions that were recently included in, and then subsequently removed from, the One Big Beautiful Bill Act in the US could have had meaningful consequences on non-US investors,' he said, referring to Section 899, which proposed increasing income and withholding tax rates on certain individuals and entities from countries that imposed taxes considered discriminatory against US persons. 03:02 US House passes Trump's bill, sending it to White House for president to sign US House passes Trump's bill, sending it to White House for president to sign 'Many companies have historically thought of geopolitics as an abstract, intellectually interesting topic, but increasingly they are realising that geopolitical risks are part of their day-to-day strategic decision-making.' Lazard set up a geopolitical risk advisory unit in 2022, six months after Russia invaded Ukraine in late February that year. 'One of my key roles is to work closely with the geopolitical team to try to kind of connect the dots between geopolitics and markets and the economy and companies,' said Temple.
