Nvidia's China restart faces production obstacles, The Information reports
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
4 minutes ago
- South China Morning Post
Hong Kong stocks waver as investors wait for policy clarity from China's Politburo meeting
Hong Kong stocks fluctuated between gains and losses on Tuesday as investors awaited a high-level government meeting in China that may set the policy tone for the second half. The Hang Seng Index rose 0.1 per cent to 24,996.73 as of 10.07am local time. The Hang Seng Tech Index was little changed. On the mainland, the CSI 300 Index and the Shanghai Composite Index both slipped 0.1 per cent. Hansoh Pharmaceutical Group gained 3.5 per cent to HK$37.15, and Kuaishou Technology rallied 3.2 per cent to HK$73.80. On the downside, New Oriental Education and Technology slid 3.9 per cent to HK$37.15, and Li Auto retreated 2.3 per cent to HK$120. Investors are waiting for fresh catalysts that can extend the run-up that drove the Hang Seng Index to the highest level in more than three years. Eyes will be on a Politburo meeting later this month convened by President Xi Jinping, which will offer more insights into how the government will steer the world's second-largest economy amid tariff strife and the struggling property market. Expectations are rife that policymakers at the conference will reiterate the case for cutting unneeded capacity in emerging industries including solar panels, electric vehicles and lithium batteries.
South China Morning Post
34 minutes ago
- South China Morning Post
Can taxis and ride-hailing services co-exist in Hong Kong under new rules?
Hong Kong's proposed regulation of ride-hailing services shows that the government intends to take a slice of the market while reining in platforms and supporting the taxi trade, but the plan hinges on balancing the competing interests of all players, experts have said. Industry insiders added that the Transport and Logistics Bureau faced several challenges in achieving all three objectives. Secretary for Transport and Logistics Mable Chan, who took office last December, told lawmakers on Friday of her determination to resolve the long-standing conflict between taxis and ride-hailing services. Taxi drivers have repeatedly raised concerns that many Uber drivers do not hold valid hire-car permits while platforms have argued they provided better service. The bureau unveiled its regulatory blueprint earlier last week, outlining a comprehensive framework for governing drivers, vehicles and platform operators. Besides listing the necessary licences and permits that operators and drivers must hold, the proposal also includes a yet to be specified cap on the number of vehicles providing ride-hailing services and a levy imposed on platforms for each trip. Officials have cited the experience of the Australian state of Victoria, which introduced a levy to compensate cabbies affected by the legalisation of ride-hailing platforms.
South China Morning Post
2 hours ago
- South China Morning Post
Ishiba's last stand? Japan's LDP in turmoil as Sanseito surge erodes PM's grip on power
With his grasp on power slipping, Japan 's Prime Minister Shigeru Ishiba has vowed to remain in office despite a stinging electoral rebuke that plunged his ruling coalition into fresh turmoil. The humiliating setback, confirmed late on Sunday , has fuelled doubts about Ishiba's leadership as rivals within his Liberal Democratic Party (LDP) circle and stoked anxiety in the world's fourth-largest economy , already reeling from rising prices, mounting security threats and the disruptive effects of US President Donald Trump 's aggressive tariff regime. In a sombre appearance on public broadcaster NHK two hours after polls closed on Sunday, Ishiba 'solemnly' conceded the 'harsh result'. 'It is a difficult situation that must be taken very humbly and seriously,' he said. Pressed on he intended to continue as Japan's leader, he replied: 'That's right'. But Ishiba's leadership of the party and the country appears increasingly precarious. Signs of discontent have flared within the LDP since the vote, with former economic security minister Sanae Takaichi openly signalling her readiness to challenge the prime minister. Addressing supporters in Nara prefecture on Friday, Takaichi declared the party was 'under scrutiny' and warned it might require drastic change to resurrect its fortunes. Sanae Takaichi speaks before an LDP run-off election in September last year. The ex-economic security minister has been positioning herself as a possible successor to Ishiba. Photo: AP 'I have made up my mind in my own way,' Jiji Press quoted her as saying. 'I will once again firmly reset the party's backbone. I promise to fight for that.'
