How Trump is setting US reputation and creditworthiness alight
Investors may be too complacent about the risks posed by US President Donald Trump’s “America first” agenda. This is because some investors believe Trump’s bark is worse than his bite, and others are swayed by his pledges to deregulate the economy and cut corporate tax rates. Additionally, Trump’s capriciousness and willingness to pause tariffs on Canada and Mexico have contributed to this complacency.
The reasons for this complacency are twofold. Firstly, some investors believe that Trump's protectionist and anti-business policies will not have a significant impact on the US economy and markets. Secondly, Trump's unpredictability and willingness to engage in extreme brinkmanship have led some to believe that he is a deal maker who prioritizes financial stability.
However, there are also reasons to be concerned about the risks posed by Trump's agenda. His policies have the potential to lead to a trade war, which could have far-reaching consequences for the US and global economies. Additionally, Trump's willingness to eviscerate the US' most important trade agreement, the USMCA, could lead to a loss of confidence in the US as a reliable trading partner.
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Investors may be too complacent about the risks posed by US President Donald Trump’s “America first” agenda. This is because some investors believe Trump’s bark is worse than his bite, and others are swayed by his pledges to deregulate the economy and cut corporate tax rates. Additionally, Trump’s capriciousness and willingness to pause tariffs on Canada and Mexico have contributed to this complacency.
The reasons for this complacency are twofold. Firstly, some investors believe that Trump's protectionist and anti-business policies will not have a significant impact on the US economy and markets. Secondly, Trump's unpredictability and willingness to engage in extreme brinkmanship have led some to believe that he is a deal maker who prioritizes financial stability.
However, there are also reasons to be concerned about the risks posed by Trump's agenda. His policies have the potential to lead to a trade war, which could have far-reaching consequences for the US and global economies. Additionally, Trump's willingness to eviscerate the US' most important trade agreement, the USMCA, could lead to a loss of confidence in the US as a reliable trading partner.
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1 injured in Brussels’ third shooting in 24 hours
在布鲁塞尔发生了一起与毒品有关的枪击事件，造成一人受伤。 这起事件发生在距离前一天发生的类似事件不远，后者引发了大规模的搜捕。受伤者在凌晨3点半左右在克莱门索地铁站附近被击中腿部。
周三早高峰时段，两个持自动步枪的枪手在克莱门索附近开火，导致当局展开了搜捕行动。布鲁塞尔检察官朱利安·莫尼尔表示，这三起枪击事件似乎与竞争毒品团伙之间的地盘争夺有关，显示出该地区毒品犯罪活动的上升趋势。
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在布鲁塞尔发生了一起与毒品有关的枪击事件，造成一人受伤。 这起事件发生在距离前一天发生的类似事件不远，后者引发了大规模的搜捕。受伤者在凌晨3点半左右在克莱门索地铁站附近被击中腿部。
周三早高峰时段，两个持自动步枪的枪手在克莱门索附近开火，导致当局展开了搜捕行动。布鲁塞尔检察官朱利安·莫尼尔表示，这三起枪击事件似乎与竞争毒品团伙之间的地盘争夺有关，显示出该地区毒品犯罪活动的上升趋势。
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Alibaba bolsters consumer AI team with expert Steven Hoi amid race for top tech talent
阿里巴巴集团最近聘请了机器学习和计算机视觉专家Steven Hoi Chu-hong，以增强其面向消费者的人工智能团队。他曾担任Salesforce Research Asia的董事总经理，现已成为阿里巴巴的副总裁，负责智能信息平台的研究与开发，涵盖包括AI聊天机器人、UC浏览器和搜索引擎Quark在内的消费者产品。
Hoi的任命是在阿里巴巴将其AI业务分为两个部门之后进行的，其中一个专注于消费者应用，另一个则致力于企业和开发者的基础AI模型和工具。这一举措反映了中国大型科技公司在国内外对顶尖AI人才的激烈争夺，尤其是在当前就业市场面临挑战的背景下。
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阿里巴巴集团最近聘请了机器学习和计算机视觉专家Steven Hoi Chu-hong，以增强其面向消费者的人工智能团队。他曾担任Salesforce Research Asia的董事总经理，现已成为阿里巴巴的副总裁，负责智能信息平台的研究与开发，涵盖包括AI聊天机器人、UC浏览器和搜索引擎Quark在内的消费者产品。
Hoi的任命是在阿里巴巴将其AI业务分为两个部门之后进行的，其中一个专注于消费者应用，另一个则致力于企业和开发者的基础AI模型和工具。这一举措反映了中国大型科技公司在国内外对顶尖AI人才的激烈争夺，尤其是在当前就业市场面临挑战的背景下。
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As trade war threats rain down, Premier Li says China must ‘turn pressure into motivation’
美国本周对所有中国商品加征10%的关税，令北京面临加剧贸易战的潜在影响，迫切需要稳定市场信心。为应对这一局面，中国政府迅速采取了一系列反制措施，包括对部分美国商品征收10-15%的关税。这一举措得益于中国日益依赖国内市场、快速的科技进步（如DeepSeek人工智能模型的发布）以及强大的制造能力。
在周三的国务院 plenary 会议上，李克强总理强调：“我们必须增强信心，携手应对，客观看待外部变化。”他指出，面对国内经济问题和外部挑战，需要协调措施来应对。他还提到：“我们必须将压力转化为前进的动力。”李克强的讲话是在讨论即将于下月提交全国人大审议的政府工作报告草案时发表的。
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美国本周对所有中国商品加征10%的关税，令北京面临加剧贸易战的潜在影响，迫切需要稳定市场信心。为应对这一局面，中国政府迅速采取了一系列反制措施，包括对部分美国商品征收10-15%的关税。这一举措得益于中国日益依赖国内市场、快速的科技进步（如DeepSeek人工智能模型的发布）以及强大的制造能力。
在周三的国务院 plenary 会议上，李克强总理强调：“我们必须增强信心，携手应对，客观看待外部变化。”他指出，面对国内经济问题和外部挑战，需要协调措施来应对。他还提到：“我们必须将压力转化为前进的动力。”李克强的讲话是在讨论即将于下月提交全国人大审议的政府工作报告草案时发表的。
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Philippines assured by Hegseth of US’ ‘ironclad’ pledge to mutual defence treaty
新任美国国防部长皮特·赫格塞斯向菲律宾保证，华盛顿在两国的共同防御条约上保持“牢不可破”的承诺。这种表态是为了回应人们对特朗普政府在马尼拉及更广泛地区承诺水平的质疑。
美国国防部的通报显示，赫格塞斯与菲律宾国防部长吉尔伯托·特奥多罗于周三进行了首次通话，讨论在南海重建威慑的重要性以及增强菲律宾军队的能力。赫格塞斯重申了1951年《共同防御条约》的重要性，强调这是维护印太地区安全与繁荣的关键。特奥多罗也表示，马尼拉会与美国密切合作，共同应对在西菲律宾海的防御优先事项。
虽然特奥多罗没有明确提到中国，但他对“强制和不稳定行为”的威慑呼吁显然是在暗指北京在该争议水域的活动。观察人士对特朗普是否会坚定应对中国在印太地区的影响表示担忧，尤其是在他首次就职演讲中未提及该地区的情况时。
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新任美国国防部长皮特·赫格塞斯向菲律宾保证，华盛顿在两国的共同防御条约上保持“牢不可破”的承诺。这种表态是为了回应人们对特朗普政府在马尼拉及更广泛地区承诺水平的质疑。
美国国防部的通报显示，赫格塞斯与菲律宾国防部长吉尔伯托·特奥多罗于周三进行了首次通话，讨论在南海重建威慑的重要性以及增强菲律宾军队的能力。赫格塞斯重申了1951年《共同防御条约》的重要性，强调这是维护印太地区安全与繁荣的关键。特奥多罗也表示，马尼拉会与美国密切合作，共同应对在西菲律宾海的防御优先事项。
虽然特奥多罗没有明确提到中国，但他对“强制和不稳定行为”的威慑呼吁显然是在暗指北京在该争议水域的活动。观察人士对特朗普是否会坚定应对中国在印太地区的影响表示担忧，尤其是在他首次就职演讲中未提及该地区的情况时。
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Hong Kong water polo official admits fraud after pocketing HK$360,000 of athlete funding
前香港水球队经理承认欺诈，虚报超过41万港元的政府培训资金。在周四的地区法院上，Koo Yu-fat承认在2018年至2021年期间，作为香港中国游泳协会水球委员会的名誉秘书和队经理，伪造运动员训练记录，以获取不当资金。
独立反腐委员会（ICAC）的调查显示，62岁的Koo每月向香港体育学院提交的记录中，虚假声称有33名运动员参加了80%的训练课程，从而申请了412,000港元的补助金。他还要求运动员将部分或全部津贴交给他，总额约为360,000港元，这一行为暴露了他利用职务之便进行不当得利的动机和手段。
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前香港水球队经理承认欺诈，虚报超过41万港元的政府培训资金。在周四的地区法院上，Koo Yu-fat承认在2018年至2021年期间，作为香港中国游泳协会水球委员会的名誉秘书和队经理，伪造运动员训练记录，以获取不当资金。
独立反腐委员会（ICAC）的调查显示，62岁的Koo每月向香港体育学院提交的记录中，虚假声称有33名运动员参加了80%的训练课程，从而申请了412,000港元的补助金。他还要求运动员将部分或全部津贴交给他，总额约为360,000港元，这一行为暴露了他利用职务之便进行不当得利的动机和手段。
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Xi Jinping praises Thailand’s crackdown on Myanmar scam hubs
中国国家主席习近平高度赞扬了泰国对边境诈骗工厂的打击行动。在泰国总理佩通坦·西那瓦首次对中国进行正式访问期间，习近平表达了对泰国措施的认可。这次访问强调了两国在加强法律执法、安全和司法合作方面的共同愿景，致力于保障人民的生命财产安全。
泰国在总理出访前采取了一系列严厉措施，包括切断缅甸边境五个地区的电力和网络供应，这些地区被认为是诈骗中心的聚集地。泰国政府还中止了燃料供应和其他物流支持，如SIM卡、卫星天线及电缆的使用，以打击主要针对中国大陆和华人社区的网络诈骗活动。这些行动显示了泰国政府在国际犯罪打击合作中的积极姿态，也为两国在区域合作中的安全事务奠定了基础。
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中国国家主席习近平高度赞扬了泰国对边境诈骗工厂的打击行动。在泰国总理佩通坦·西那瓦首次对中国进行正式访问期间，习近平表达了对泰国措施的认可。这次访问强调了两国在加强法律执法、安全和司法合作方面的共同愿景，致力于保障人民的生命财产安全。
泰国在总理出访前采取了一系列严厉措施，包括切断缅甸边境五个地区的电力和网络供应，这些地区被认为是诈骗中心的聚集地。泰国政府还中止了燃料供应和其他物流支持，如SIM卡、卫星天线及电缆的使用，以打击主要针对中国大陆和华人社区的网络诈骗活动。这些行动显示了泰国政府在国际犯罪打击合作中的积极姿态，也为两国在区域合作中的安全事务奠定了基础。
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Hong Kong’s NWD prices State Pavilia residential project in North Point at huge discount
New World Development (NWD) has priced its latest Hong Kong residential project, State Pavilia, at a substantial discount in a bid to reduce its significant debt of HK$123.7 billion (US$15.9 billion). The initial 88 units of the project, located on the site of the former State Theatre in North Point, are priced at an average of HK$18,540 per square foot, marking an eight-year low for the Eastern district. This strategic pricing move aims to quickly generate cash for the company, which is facing financial challenges.
Governor by the Cheng family, NWD is one of Hong Kong's most indebted developers, with a high net gearing ratio of 55 percent. The aggressive pricing of State Pavilia is 13 percent lower than its accommodation value, which includes land acquisition and construction costs. By pricing below market norms, NWD is attempting to attract buyers swiftly in a competitive market where similar projects, like Sun Hung Kai Properties' Lime Gala, have set lower precedents. This move is part of a broader strategy to manage its substantial interest-bearing loans and bonds, amounting to HK$151.6 billion, reflecting the pressures on developers in Hong Kong's fluctuating real estate market.
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New World Development (NWD) has priced its latest Hong Kong residential project, State Pavilia, at a substantial discount in a bid to reduce its significant debt of HK$123.7 billion (US$15.9 billion). The initial 88 units of the project, located on the site of the former State Theatre in North Point, are priced at an average of HK$18,540 per square foot, marking an eight-year low for the Eastern district. This strategic pricing move aims to quickly generate cash for the company, which is facing financial challenges.
Governor by the Cheng family, NWD is one of Hong Kong's most indebted developers, with a high net gearing ratio of 55 percent. The aggressive pricing of State Pavilia is 13 percent lower than its accommodation value, which includes land acquisition and construction costs. By pricing below market norms, NWD is attempting to attract buyers swiftly in a competitive market where similar projects, like Sun Hung Kai Properties' Lime Gala, have set lower precedents. This move is part of a broader strategy to manage its substantial interest-bearing loans and bonds, amounting to HK$151.6 billion, reflecting the pressures on developers in Hong Kong's fluctuating real estate market.
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Hong Kong restaurants pull in HK$27.6 billion in fourth quarter
香港餐饮业在2024年第四季度的销售额达到276亿港元（约合35亿美元），同比小幅增长。政府将这一增长归因于中国大陆经济的复苏以及本地旅游和市场情绪的改善。
根据香港统计处周四发布的初步数据显示，2024年第四季度餐厅收据总值同比增长0.4%。尽管如此，2024年全年餐厅收据总值为1094亿港元，较2023年下降0.1%。与此同时，餐厅在第四季度的采购总值则下降了2.5%，降至89亿港元。这些数据反映出餐饮行业在复苏过程中面临的挑战。
展望未来，政府发言人表示，餐饮行业将继续受到中央政府促进大陆经济的各项措施的支持，同时本地努力提升市场情绪和促进旅游业的发展，以及就业收入的增加也将起到积极作用。
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香港餐饮业在2024年第四季度的销售额达到276亿港元（约合35亿美元），同比小幅增长。政府将这一增长归因于中国大陆经济的复苏以及本地旅游和市场情绪的改善。
根据香港统计处周四发布的初步数据显示，2024年第四季度餐厅收据总值同比增长0.4%。尽管如此，2024年全年餐厅收据总值为1094亿港元，较2023年下降0.1%。与此同时，餐厅在第四季度的采购总值则下降了2.5%，降至89亿港元。这些数据反映出餐饮行业在复苏过程中面临的挑战。
展望未来，政府发言人表示，餐饮行业将继续受到中央政府促进大陆经济的各项措施的支持，同时本地努力提升市场情绪和促进旅游业的发展，以及就业收入的增加也将起到积极作用。
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Antisemitic attacks roil Australia amid claims of foreign influence
澳大利亚目前正面临一波明显的反犹太主义袭击，自十月以来已有数十人因破坏和纵火事件被捕。这些事件针对犹太社区的住宅、学校和犹太教堂，引发了公众的广泛谴责，并促使联邦立法者几乎一致通过新的仇恨犯罪法律。
此次暴力激增与2023年10月7日哈马斯对以色列的袭击密切相关，之后针对犹太人和穆斯林的仇恨事件均有所增加。虽然不同团体对于反犹太主义和伊斯兰恐惧症的定义存在差异，但各组织报告的事件数据都显示出趋势的上升。澳大利亚总理安东尼·阿尔巴尼斯和反对派领袖彼得·达顿都表示，此时的国家危机需要强有力的法律来对抗仇恨行为。
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澳大利亚目前正面临一波明显的反犹太主义袭击，自十月以来已有数十人因破坏和纵火事件被捕。这些事件针对犹太社区的住宅、学校和犹太教堂，引发了公众的广泛谴责，并促使联邦立法者几乎一致通过新的仇恨犯罪法律。
此次暴力激增与2023年10月7日哈马斯对以色列的袭击密切相关，之后针对犹太人和穆斯林的仇恨事件均有所增加。虽然不同团体对于反犹太主义和伊斯兰恐惧症的定义存在差异，但各组织报告的事件数据都显示出趋势的上升。澳大利亚总理安东尼·阿尔巴尼斯和反对派领袖彼得·达顿都表示，此时的国家危机需要强有力的法律来对抗仇恨行为。
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Beijing denounces Taiwanese leader William Lai as ‘destroyer of cross-strait peace’
北京再次指责台湾领导人赖清德为“和平破坏者”，原因是他重申台湾与中国大陆并非“相互隶属”的立场。大陆的台湾事务办公室表示，赖清德声称希望在台海维持和平与稳定，但实际上他顽固坚持“台独”立场，并不断倡导分裂言论。
台湾事务办公室发言人朱凤莲指出，赖清德故意破坏和平，限制两岸交流，并企图依靠外部支持或武力实现独立。她强调，赖清德的最新言论再次暴露了他作为破坏两岸和平和制造台海危机的真实本质。这些评论是在赖清德于农历新年活动中发表的，他在活动中提到“主权是国家存在的基础；没有台湾就没有中华民国”，进一步加深了两岸关系的紧张。
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北京再次指责台湾领导人赖清德为“和平破坏者”，原因是他重申台湾与中国大陆并非“相互隶属”的立场。大陆的台湾事务办公室表示，赖清德声称希望在台海维持和平与稳定，但实际上他顽固坚持“台独”立场，并不断倡导分裂言论。
台湾事务办公室发言人朱凤莲指出，赖清德故意破坏和平，限制两岸交流，并企图依靠外部支持或武力实现独立。她强调，赖清德的最新言论再次暴露了他作为破坏两岸和平和制造台海危机的真实本质。这些评论是在赖清德于农历新年活动中发表的，他在活动中提到“主权是国家存在的基础；没有台湾就没有中华民国”，进一步加深了两岸关系的紧张。
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China’s Lunar New Year spending spree offers hope for consumption boost
China's domestic consumption showed robust growth during the Lunar New Year holiday, offering positive signs for its economy amid challenging export conditions. Official statistics revealed a 10.8% increase in average daily sales revenue for consumer-related industries during the eight-day holiday, with spending on goods and services rising by 9.9% and 12.3% year-on-year, respectively. This surge in consumption is partly attributed to a nationwide trade-in policy encouraging the purchase of new equipment and consumer goods.
The strong holiday spending is a relief for an economy that had seen consumers pulling back due to declining asset values and sluggish property and stock markets. Last year, retail sales rose just 3.5% compared to the 8-9% growth seen pre-pandemic. However, this year's holiday period saw tourism revenue climb by 7% to a record US$94.2 billion, and domestic trips increased by 5.9% to 501 million, marking all-time highs. These figures suggest a renewed consumer confidence spurred by government policies and extended holiday travel opportunities.
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China's domestic consumption showed robust growth during the Lunar New Year holiday, offering positive signs for its economy amid challenging export conditions. Official statistics revealed a 10.8% increase in average daily sales revenue for consumer-related industries during the eight-day holiday, with spending on goods and services rising by 9.9% and 12.3% year-on-year, respectively. This surge in consumption is partly attributed to a nationwide trade-in policy encouraging the purchase of new equipment and consumer goods.
The strong holiday spending is a relief for an economy that had seen consumers pulling back due to declining asset values and sluggish property and stock markets. Last year, retail sales rose just 3.5% compared to the 8-9% growth seen pre-pandemic. However, this year's holiday period saw tourism revenue climb by 7% to a record US$94.2 billion, and domestic trips increased by 5.9% to 501 million, marking all-time highs. These figures suggest a renewed consumer confidence spurred by government policies and extended holiday travel opportunities.
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Hong Kong developer’s default could send shock waves through property market: S&P
香港房地产市场可能面临重挫，因为一家大型房地产开发商的违约风险升高，可能会影响整个行业和居民市场回升的前景。根据S&P Global Ratings的报告，任何重大事件都可能引发连锁效应，冲击评级实体的财务状况，并增加债券持有人面临的风险。
如果出现此类情况，2025年的新住宅销售额预计将达到10,000单位，这是11月份预测的一半。同时，房价也可能下跌5到7%，低于去年预测的水平。市场参与者已经猜测了有关新世界发展公司（NWD）的违约风险，但该公司坚称与债权人没有讨论重组义务的事宜。NWD未对《信报》关于此事的询问做出回应。该公司已被从恒生指数中移除，并因今年全年业绩达到的纪录低点而面临财务挑战。截至6月30日，该公司的合并净负债额为123.7亿港元，其净杠杆率为55%，是该行业最高的，该公司还持有151.6亿港元的利息支票和债券。
该事件可能会进一步恶化香港房地产市场的预期，之后预计会有一些影响，包括新的房地产销售额和房价下跌。在过去的一年里，市场参与者已经意识到市场的不稳定性，并担心该事件可能引发的连锁效应。
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香港房地产市场可能面临重挫，因为一家大型房地产开发商的违约风险升高，可能会影响整个行业和居民市场回升的前景。根据S&P Global Ratings的报告，任何重大事件都可能引发连锁效应，冲击评级实体的财务状况，并增加债券持有人面临的风险。
如果出现此类情况，2025年的新住宅销售额预计将达到10,000单位，这是11月份预测的一半。同时，房价也可能下跌5到7%，低于去年预测的水平。市场参与者已经猜测了有关新世界发展公司（NWD）的违约风险，但该公司坚称与债权人没有讨论重组义务的事宜。NWD未对《信报》关于此事的询问做出回应。该公司已被从恒生指数中移除，并因今年全年业绩达到的纪录低点而面临财务挑战。截至6月30日，该公司的合并净负债额为123.7亿港元，其净杠杆率为55%，是该行业最高的，该公司还持有151.6亿港元的利息支票和债券。
该事件可能会进一步恶化香港房地产市场的预期，之后预计会有一些影响，包括新的房地产销售额和房价下跌。在过去的一年里，市场参与者已经意识到市场的不稳定性，并担心该事件可能引发的连锁效应。
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Malaysians decry rule seeking permission before inviting Muslims to temples, churches
新政府指南要求非穆斯林在邀请穆斯林参加婚礼、葬礼及其他宗教场所活动前必须获得官方批准，这一举措遭到批评者的强烈反对，认为其不可行且具有分裂性。这些指南由宗教事务部于周三晚间发布，规定非穆斯林在向穆斯林发出邀请时，需向伊斯兰宗教当局寻求建议或获得许可。
宗教事务部长Mohd Na’im Mokhtar表示，此举旨在促进团结，防止从伊斯兰角度产生误解。他指出，参与这些活动的穆斯林必须确保不引发争议，也不触及不同宗教群体的敏感问题。此外，他补充说，参与的活动不得包含非伊斯兰宗教符号，这一限制被批评者视为实际上禁止穆斯林进入寺庙、教堂等宗教场所。
批评者认为，这些指南威胁到国家的多民族平衡，并且是对宗教自由更广泛限制的一部分。他们担心，这种政策将进一步加剧社会的分裂，削弱不同宗教之间的和谐共处。
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新政府指南要求非穆斯林在邀请穆斯林参加婚礼、葬礼及其他宗教场所活动前必须获得官方批准，这一举措遭到批评者的强烈反对，认为其不可行且具有分裂性。这些指南由宗教事务部于周三晚间发布，规定非穆斯林在向穆斯林发出邀请时，需向伊斯兰宗教当局寻求建议或获得许可。
宗教事务部长Mohd Na’im Mokhtar表示，此举旨在促进团结，防止从伊斯兰角度产生误解。他指出，参与这些活动的穆斯林必须确保不引发争议，也不触及不同宗教群体的敏感问题。此外，他补充说，参与的活动不得包含非伊斯兰宗教符号，这一限制被批评者视为实际上禁止穆斯林进入寺庙、教堂等宗教场所。
批评者认为，这些指南威胁到国家的多民族平衡，并且是对宗教自由更广泛限制的一部分。他们担心，这种政策将进一步加剧社会的分裂，削弱不同宗教之间的和谐共处。
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Singapore jails helper who bit, pinched baby who would not sleep
一名在新加坡照顾11个月大婴儿的女佣因咬伤和掐伤婴儿被判监禁20个月。这名24岁的缅甸籍女佣承认她因婴儿不肯入睡而感到沮丧，才对其施暴，导致婴儿身上出现了咬痕和淤伤。
在法庭上，这名女佣提到她每天都需在午夜后才能入睡，白天则忙于家务，几乎没有休息时间。尽管她的辩护提到缺乏睡眠的原因，法官保罗·陈仍表示这并不能减轻她的罪责或影响判决的轻重。
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一名在新加坡照顾11个月大婴儿的女佣因咬伤和掐伤婴儿被判监禁20个月。这名24岁的缅甸籍女佣承认她因婴儿不肯入睡而感到沮丧，才对其施暴，导致婴儿身上出现了咬痕和淤伤。
在法庭上，这名女佣提到她每天都需在午夜后才能入睡，白天则忙于家务，几乎没有休息时间。尽管她的辩护提到缺乏睡眠的原因，法官保罗·陈仍表示这并不能减轻她的罪责或影响判决的轻重。
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Israel army to prepare for Gazans’ ‘voluntary departure’ after Trump unveils plan
以色列国防部长下令军方制定计划，允许加沙居民“自愿离开”该地区。这一决定是在美国总统特朗普宣布计划接管加沙后作出的，此举引发了广泛的谴责。以色列国防部长以色列·卡茨表示，特朗普的声明为将超过200万名生活在加沙的巴勒斯坦人重新安置，并将该地区转变为“中东的里维埃拉”奠定了基础。
卡茨称赞特朗普的大胆计划，并表示，国际上允许居民自由离开和移民是非常普遍的做法。他的计划将包括通过陆路出境的选择，以及海运和空运的特别安排。然而，哈马斯官员巴塞姆·纳伊姆则指责卡茨试图掩盖以色列在加沙战争中未能实现其目标的失败，并强调巴勒斯坦人对自己土地的深厚情感，使他们不可能离开故土。
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以色列国防部长下令军方制定计划，允许加沙居民“自愿离开”该地区。这一决定是在美国总统特朗普宣布计划接管加沙后作出的，此举引发了广泛的谴责。以色列国防部长以色列·卡茨表示，特朗普的声明为将超过200万名生活在加沙的巴勒斯坦人重新安置，并将该地区转变为“中东的里维埃拉”奠定了基础。
卡茨称赞特朗普的大胆计划，并表示，国际上允许居民自由离开和移民是非常普遍的做法。他的计划将包括通过陆路出境的选择，以及海运和空运的特别安排。然而，哈马斯官员巴塞姆·纳伊姆则指责卡茨试图掩盖以色列在加沙战争中未能实现其目标的失败，并强调巴勒斯坦人对自己土地的深厚情感，使他们不可能离开故土。
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Will Singapore avoid Trump’s tariffs but face US-China trade war ‘crossfire’?
By Jean Iau
While Singapore appears unlikely to face direct tariffs from the United States, its small and open economy could be “caught in the crossfire” of a trade war between the superpowers, analysts have warned.
Those who spoke to This Week in Asia agreed with Foreign Minister Vivian Balakrishnan’s assessment in Parliament on Tuesday that while Singapore was unlikely to be on the US tariff “hit list” due to Washington’s trade surplus with the city state, it would still be indirectly affected.
“Even if you assume that there are no direct tariffs against the export of Singapore products and services, the fact that we are a small, open economy, and trade constitutes more than three times our GDP, means if there is any friction, degradation of economic integration, global supply chains, and world trade, we will be impacted indirectly,” Balakrishnan said.
Urging parliamentarians to remain calm, he added: “I do need to prepare Singaporeans that it will be a turbulent ride in the months or years to come.”
Two-way trade between Singapore and the US totalled US$131 billion in 2023, with the world’s largest economy recording a surplus of US$26.7 billion, according to the American Chamber of Commerce in Singapore.
Alvin Liew, senior economist at United Overseas Bank, warned that escalating trade tensions and tariffs could hurt economic growth in the US, China and Asean. He said Singapore was vulnerable to downturns in these economies, as well as in the European Union.
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By Jean Iau
While Singapore appears unlikely to face direct tariffs from the United States, its small and open economy could be “caught in the crossfire” of a trade war between the superpowers, analysts have warned.
Those who spoke to This Week in Asia agreed with Foreign Minister Vivian Balakrishnan’s assessment in Parliament on Tuesday that while Singapore was unlikely to be on the US tariff “hit list” due to Washington’s trade surplus with the city state, it would still be indirectly affected.
“Even if you assume that there are no direct tariffs against the export of Singapore products and services, the fact that we are a small, open economy, and trade constitutes more than three times our GDP, means if there is any friction, degradation of economic integration, global supply chains, and world trade, we will be impacted indirectly,” Balakrishnan said.
Urging parliamentarians to remain calm, he added: “I do need to prepare Singaporeans that it will be a turbulent ride in the months or years to come.”
Two-way trade between Singapore and the US totalled US$131 billion in 2023, with the world’s largest economy recording a surplus of US$26.7 billion, according to the American Chamber of Commerce in Singapore.
Alvin Liew, senior economist at United Overseas Bank, warned that escalating trade tensions and tariffs could hurt economic growth in the US, China and Asean. He said Singapore was vulnerable to downturns in these economies, as well as in the European Union.
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DeepSeek’s growth in China surges past ByteDance’s Doubao in AI app race
DeepSeek has overtaken ByteDance's Doubao as China's most popular AI app. This shift highlights the growing influence of the Hangzhou-based start-up, which has captured the attention of both domestic and international markets with its innovative AI models. According to recent data, DeepSeek's AI assistant app achieved an average of 22.2 million daily active users in January, surpassing Doubao's 17 million during the same period. Furthermore, DeepSeek has also surpassed ChatGPT as the world's fastest-growing AI app in terms of daily active user growth.
The surge in popularity is largely attributed to DeepSeek's open-source models, V3 and R1, which have created significant interest both in Silicon Valley and back home in China. These models have not only matched but in some cases surpassed the performance of established players like OpenAI. The company's strategy of offering these advanced AI capabilities for free has further fueled its rapid adoption, particularly during the Lunar New Year, when its visibility was significantly boosted. The success of DeepSeek underscores a shift in the global AI landscape, where Chinese companies are increasingly making their mark with cutting-edge technology and user-friendly access.
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DeepSeek has overtaken ByteDance's Doubao as China's most popular AI app. This shift highlights the growing influence of the Hangzhou-based start-up, which has captured the attention of both domestic and international markets with its innovative AI models. According to recent data, DeepSeek's AI assistant app achieved an average of 22.2 million daily active users in January, surpassing Doubao's 17 million during the same period. Furthermore, DeepSeek has also surpassed ChatGPT as the world's fastest-growing AI app in terms of daily active user growth.
The surge in popularity is largely attributed to DeepSeek's open-source models, V3 and R1, which have created significant interest both in Silicon Valley and back home in China. These models have not only matched but in some cases surpassed the performance of established players like OpenAI. The company's strategy of offering these advanced AI capabilities for free has further fueled its rapid adoption, particularly during the Lunar New Year, when its visibility was significantly boosted. The success of DeepSeek underscores a shift in the global AI landscape, where Chinese companies are increasingly making their mark with cutting-edge technology and user-friendly access.
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Oil still runs the world, but its role in geopolitics is changing
中国及全球仍然对石油的需求持续旺盛，导致该商品在地缘政治中的中心和不稳定地位得以维持。尽管存在这种对石油的巨大需求，上个月的短暂价格反弹提醒我们，其价格受供需波动的影响十分明显。布伦特原油价格因美国对俄罗斯和伊朗的制裁而上涨至每桶82美元，显示出石油供应信息对全球经济的直接影响。
与此同时，尽管OPEC+成员国在经过多年的减产后仍然不打算在四月之前增加供应，但美国总统的“钻，宝宝，钻”政策又可能使油价承压。交易者对中国的刺激措施抱有希望，尽管这一复苏过程可能会缓慢。而国际能源署预计，全球石油消费可能在2030年前达到峰值，尽管OPEC并不认为这种情况会很快到来。中国作为全球最大的原油进口国，其进口量在未来一年内预计仅增长1%，这主要受中国产业结构转型与电动车普及的影响。
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中国及全球仍然对石油的需求持续旺盛，导致该商品在地缘政治中的中心和不稳定地位得以维持。尽管存在这种对石油的巨大需求，上个月的短暂价格反弹提醒我们，其价格受供需波动的影响十分明显。布伦特原油价格因美国对俄罗斯和伊朗的制裁而上涨至每桶82美元，显示出石油供应信息对全球经济的直接影响。
与此同时，尽管OPEC+成员国在经过多年的减产后仍然不打算在四月之前增加供应，但美国总统的“钻，宝宝，钻”政策又可能使油价承压。交易者对中国的刺激措施抱有希望，尽管这一复苏过程可能会缓慢。而国际能源署预计，全球石油消费可能在2030年前达到峰值，尽管OPEC并不认为这种情况会很快到来。中国作为全球最大的原油进口国，其进口量在未来一年内预计仅增长1%，这主要受中国产业结构转型与电动车普及的影响。
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