UN Chief Proposes 15% Budget Slash for 2026 Amid Funding Crunch
UN Secretary-General Antonio Guterres proposes a 15% cut to the UN’s regular budget for 2026—slicing $500M and reducing staff by 19% amid chronic funding challenges.
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Chinese Mainland and UK Reignite Trade Talks After Seven-Year Pause
The Chinese mainland and the UK resumed top-level trade talks in Beijing after seven years, signing MoUs on WTO cooperation and pledging collaboration in green energy, pharma, manufacturing and finance.
Long-Term U.S. Debt Faces Scrutiny as 30-Year Yield Tops 5%
With 30-year U.S. Treasury yields rising past 5%, former Treasury Secretary Lawrence H. Summers warns of alarming strains on America’s long-term borrowing and fiscal outlook.
H1 2025 FX Receipts & Payments: Highlights from Beijing Briefing
Li Bin, deputy administrator at the State Administration of Foreign Exchange, shared insights on H1 2025 foreign-exchange receipts and payments data during a press conference at the State Council Information Office of the Chinese mainland.
BRICS Expansion Reshapes Global Finance
BRICS nations explore supply chain resilience, financial cooperation and monetary reform to boost the Global South’s voice in a tariff-hit world.
BRICS Local Currency Settlement: Promise and Practical Hurdles
BRICS local currency settlement promises a shift from USD dominance, but operational, institutional and policy hurdles must be overcome for real impact.
US Congress Moves to Regulate Stablecoins as Global Role Grows
US Congress is set to regulate stablecoins as their role in global finance grows, marking a pivotal shift for digital assets.
Hong Kong’s Hub Role Strengthens Amid Economic Uncertainty
Hong Kong’s dual role as a financial gateway to the Chinese mainland and launchpad for Chinese firms abroad is more vital than ever amid global uncertainty.
Hong Kong’s Thriving Economy: 28 Years Since Return to China
Hong Kong marks 28 years since its return to China with nine consecutive quarters of GDP growth and top global rankings in finance, shipping, and FDI under One Country, Two Systems.
One Country, Two Systems Bolsters Hong Kong’s Strategic Edge
On the 28th anniversary of Hong Kong’s return to China, Lau Siu-kai explores how the One Country, Two Systems policy elevates Hong Kong’s strategic role in national development.