China and Japan offer conflicting accounts of maritime incident near disputed Senkaku Islands

China and Japan have issued conflicting accounts of a maritime confrontation near the disputed Senkaku Islands, highlighting the continuing tensions over one of East Asia's most sensitive territorial disputes. According to official statements released on Tuesday, the incident involved coast guard vessels from both countries and a Japanese......

U.S. voices ‘Serious Concern’ after China conducts submarine-launched missile test in Pacific

The United States has expressed “serious concern” following China's test launch of a strategic missile from a nuclear-powered submarine into the Pacific Ocean, intensifying international attention on nuclear competition and arms control. In a statement issued on Monday, the U.S. Department of State criticized Beijing after......

Tencent unit targets up to $1.55 billion through Kuaishou share sale

A subsidiary of Tencent Holdings is seeking to raise as much as $1.55 billion by selling part of its stake in Kuaishou Technology, according to a term sheet reviewed by Reuters, in a move that could become one of the largest secondary share offerings in Hong Kong’s technology sector this year. The transaction is being led by Tencent......

Global oil market weathers historic Iran supply shock, but shrinking reserves raise fresh price risks

The global oil market has so far demonstrated remarkable resilience after losing more than one billion barrels of supply during the conflict involving Iran. However, industry analysts warn that the stability achieved in recent months has come at the expense of emergency stockpiles, leaving the market more vulnerable to future supply disruptions......

Airbus targets higher 2026 aircraft deliveries as production momentum accelerates

Airbus is internally pursuing a more ambitious aircraft delivery target for 2026 as improving industrial conditions strengthen confidence in its production capabilities, according to industry sources. While the European aerospace manufacturer continues to publicly maintain its guidance of 870 commercial aircraft deliveries for the year, sources......

China submarine missile test in Pacific raises security concerns across Indo-Pacific

China conducted a missile test from a nuclear-powered submarine into the Pacific Ocean on Monday, prompting concern among several Indo-Pacific governments despite advance notifications being provided to regional partners. According to Chinese state media, the launch was carried out by a submarine belonging to the People's Liberation Army......

China and Russia launch joint naval exercises near Qingdao to strengthen strategic military cooperation

China and Russia have announced the start of a new round of joint naval exercises beginning Monday, in a move that underscores their deepening strategic alignment amid ongoing global tensions linked to the war in Ukraine. According to statements from the Chinese Ministry of Defence and Russian authorities, the annual drills will take place......

Taiwan revives anti-communist military education amid growing pressure from China

Taiwan has reinstated formal anti-communist patriotic education for military academy graduates after a 25-year hiatus, citing increasing military pressure and infiltration threats from China. The move, announced by Taiwan's Ministry of National Defense on Sunday, comes as officials also reported a rise in Chinese naval activity around......

China and Russia to hold joint naval drills near Qingdao before Pacific patrols

China and Russia will conduct a new round of joint naval exercises off the coast of Qingdao next week, further strengthening military cooperation between the two countries as they expand coordinated operations in the Asia-Pacific region. The announcement was made on Sunday by China's Ministry of National Defense and confirmed by Russian......

China expands coast guard patrols east of Taiwan amid rising regional tensions

China has continued and intensified its coast guard operations in waters east of Taiwan, reinforcing a maritime presence that has drawn growing concern from Taipei and several European governments over its potential impact on regional stability and international navigation. According to Chinese state broadcaster CCTV, a new task force led......

Hengli Petrochemical cuts Output and cancels crude imports amid supply shift, sources say

China’s refining giant Hengli Petrochemical has significantly reduced its refining activity after cancelling large volumes of crude oil purchases from West Africa and the Middle East, according to sources familiar with the matter. The decision reportedly affects at least 6 million barrels of crude, marking an unusual reversal in procurement......

Beijing Skyscraper crash investigation reveals pilot’s suicidal intent, authorities say

Authorities in Beijing have confirmed that the pilot involved in a deadly aviation incident last week deliberately steered a small tourist aircraft into a high-rise building, with newly released findings pointing to documented expressions of suicidal intent. The aircraft collided with the city’s tallest building, located in the Chaoyang......

Volvo Cars reports 5.6% drop in second-quarter sales as electric vehicle demand continues to grow

Volvo Cars reported a decline in global vehicle sales during the second quarter of 2026, reflecting challenging market conditions despite continued growth in demand for its electrified models. The Swedish automaker sold 171,501 vehicles between April and June, a 5.6% decrease compared with the same period last year, according to figures released......

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