Hong Kong police chief vows tech boost including robot dogs, more drone patrols to tackle crime
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South China Morning Post
an hour ago
- South China Morning Post
Washington China hawks slam US approval of H20 chip sales
Washington China hawks are slamming the approval by US President Donald Trump's administration of resumption of the sale of Nvidia's downgraded H20 AI chip to China, questioning the move's rationale and whether it was part of the June London trade deal between the two countries, as the administration claims. Trump banned the sale of the Nvidia chip, designed to avoid export control restrictions imposed by President Joe Biden's administration, in April as the trade war between the two global powers escalated. The decision was rescinded this month after Trump met with Nvidia chief Jensen Huang before leaving for China. China and the US agreed in the June deal on the easing of some US export controls in exchange for access to Chinese rare earth minerals. US Commerce Secretary Howard Lutnick, who was part of the London negotiation team, told CNBC in an on July 15 that the H20 chip was put 'in the trade deal with the magnets'. 'We don't sell them our best stuff, not our second best stuff, not even our third best. The fourth one down, we want to keep China using it,' he said, adding, 'you want to sell the Chinese enough that their developers get addicted to the American technology stack.' The same day, Treasury Secretary Scott Bessent told Bloomberg the H20 sale resumption 'was all part of a mosaic'. Bessent had told US lawmakers in June there was 'no quid pro quo' involving chips in exchange for rare earths. The Treasury Department did not respond a request for comment on the apparent inconsistency.
South China Morning Post
3 hours ago
- South China Morning Post
Chinese hacking groups are behind SharePoint attacks, Microsoft says
Microsoft accused Chinese state-sponsored hackers of using flaws in its SharePoint document management software in a hacking campaign that has targeted businesses and government agencies around the world. In a blog post on Tuesday, the tech giant identified two groups supported by the Chinese government, Linen Typhoon and Violet Typhoon, as leveraging flaws in SharePoint software used by customers who managed it on their own networks, as opposed to in the cloud. Another hacking group based in China, which Microsoft calls Storm-2603, also exploited the SharePoint vulnerabilities, according to the blog. 'Investigations into other actors also using these exploits is still ongoing,' Microsoft said. 'With the rapid adoption of these exploits, Microsoft assesses with high confidence that threat actors will continue to integrate them into their attacks.' In a statement, the Chinese embassy said China firmly opposes all forms of cyberattacks and cybercrime. 'At the same time, we also firmly oppose smearing others without solid evidence,' said the statement.
South China Morning Post
7 hours ago
- South China Morning Post
2 arrested in Hong Kong over laundering HK$1.15 billion in case involving stablecoins
Hong Kong customs officers have arrested two men who allegedly smuggled cash out of the city and made suspicious transactions, including with stablecoins, to launder HK$1.15 billion (US$146.5 million). A Customs and Excise Department spokesman said on Tuesday that an investigation into the pair found they had repeatedly smuggled cash out of the city. The suspects also made transactions using stablecoins and regular currency, with officers finding the source of funds to be questionable. The activities of the pair, a 37-year-old local and a 50-year-old non-local, were inconsistent with their background and financial status, the spokesman added. Stablecoins are cryptocurrencies that are pegged to a reference asset, typically a fiat currency such as the US dollar. Customs officers raided four residential premises and two companies on Tuesday morning, seizing items believed to be linked to the case, including mobile phones, tablets, and bank cards. The two suspects, who identified themselves as self-employed and unemployed, were arrested on suspicion of money laundering under the Organised and Serious Crimes Ordinance.
