logo
Sixth-gen fighter's capabilities, China's film industry on notice: SCMP daily highlights

Sixth-gen fighter's capabilities, China's film industry on notice: SCMP daily highlights

Catch up on some of SCMP's biggest China stories of the day. If you would like to see more of our reporting, please consider
subscribing
In a future conflict over Taiwan, Beijing's sixth-generation fighter could block the airspace to foreign bases in Guam for up to two hours from 1,000km away, according to a mainland Chinese military magazine.
The offshore yuan strengthened and broke past the 7.2 level against the US dollar for the first time since November, signalling an optimistic shift in market sentiment as hopes of a trade war thaw and fresh demand grows for Chinese assets.
Cosplaying audience members at a screening in New York of Ne Zha 2, the Chinese export that has emerged as the highest-grossing animated film of all time. Photo: AP
US President Donald Trump said on Sunday that he was ordering a new front in his tariff war – extending his 'America first' blitz to foreign-made films and claiming that Hollywood was being 'devastated' by the number of filmmakers and studios working overseas.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Wall Street falls as more US tariffs are unveiled
Wall Street falls as more US tariffs are unveiled

RTHK

time4 hours ago

  • RTHK

Wall Street falls as more US tariffs are unveiled

Wall Street falls as more US tariffs are unveiled US stocks fell after US President Donald Trump announced plans for a 50 percent duty on copper and a potential 200 percent levy on pharmaceuticals. File Photo: AFP Wall Street stocks dipped on Tuesday, falling for a second straight session as US President Donald Trump added tariff threats on copper and pharmaceuticals to his broadening trade agenda. Trump announced plans for a 50 percent duty on copper imports and a potential 200 percent levy on pharmaceuticals a day after the White House sent letters to Japan, South Korea and other countries about levies from August 1. The onslaught has reinstated trade top of mind on Wall Street after attention had focused on Capitol Hill and the Middle East in recent weeks. The Dow Jones Industrial Average finished down 0.4 percent following a rollercoaster session at 44,240.76. The broad-based S&P 500 slipped 0.1 percent to 6,225.52, while the tech-rich Nasdaq Composite Index was flat at 20,418.46. In contrast to Trump's spring tariff announcements which sent equities sharply lower, the market is "somewhat shaking it off," said Victoria Fernandez of Crossmark Global Investments, who noted Trump's record of tempering tariffs that were initially severe. The market is in a "wait and see mode," Fernandez said. JPMorgan Chase and Bank of America fell more than three percent and Goldman Sachs dropped nearly two percent following downgrades from HSBC Securities. A note from HSBC called valuations of the banks "increasingly stretched." While the banks' operating fundamentals "appear healthy," macro uncertainties and slower economic growth "seem to be downplayed," it said. Boeing finished flat after announcing it delivered 60 planes in June, the most since December 2023, capping its most successful first semester in terms of planes to customers since 2018. Hershey fell 3.2 percent after naming Kirk Tanner to succeed Michele Buck as CEO. Tanner moves to the chocolate giant from the Wendy's Company, which dipped 0.1 percent. Buck had previously announced plans to retire. (AFP)

Swearing Trump slams Putin, says US will send weapons to Ukraine
Swearing Trump slams Putin, says US will send weapons to Ukraine

South China Morning Post

time7 hours ago

  • South China Morning Post

Swearing Trump slams Putin, says US will send weapons to Ukraine

US President Donald Trump accused his Russian counterpart Vladimir Putin on Tuesday of talking 'b******t' about Ukraine, saying that the United States would send Kyiv more weapons to defend itself. Advertisement Trump's expletive reflected his growing frustration with the Kremlin leader over the grinding war that Moscow launched nearly 3½ years ago. 'We get a lot of b******t thrown at us by Putin, if you want to know the truth,' Trump told reporters during a televised cabinet meeting at the White House. 'He's very nice all the time, but it turns out to be meaningless.' Trump reiterated that he was 'very unhappy' with Putin since their phone call last week made no progress on the Ukraine peace deal that the US president has pushed for since returning to power. Advertisement Asked about his interest in a bill proposed by the Senate for further sanctions on Russia, Trump said: 'I'm looking at it very strongly.'

Swearing Trump crudely slams Putin, says US will send weapons to Ukraine
Swearing Trump crudely slams Putin, says US will send weapons to Ukraine

South China Morning Post

time8 hours ago

  • South China Morning Post

Swearing Trump crudely slams Putin, says US will send weapons to Ukraine

US President Donald Trump accused his Russian counterpart Vladimir Putin on Tuesday of talking 'b*******' about Ukraine, saying that the United States would send Kyiv more weapons to defend itself. Trump's expletive reflected his growing frustration with the Kremlin leader over the grinding war that Moscow launched nearly 3½ years ago. 'We get a lot of b******* thrown at us by Putin, if you want to know the truth,' Trump told reporters during a televised cabinet meeting at the White House. 'He's very nice all the time, but it turns out to be meaningless.' Trump reiterated that he was 'very unhappy' with Putin since their phone call last week made no progress on the Ukraine peace deal that the US president has pushed for since returning to power. Asked about his interest in a bill proposed by the Senate for further sanctions on Russia, Trump said: 'I'm looking at it very strongly.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store