Washington’s rare purchase of Japanese yen has put currency intervention, US Treasury stability and global risk appetite into the same market equation, with implications extending to bitcoin and other digital assets. The US Treasury joined Japan on July 31 in buying yen to counter what Tokyo described as excessive volatility and disorderly moves in the currency. Japan’s Ministry of Finance confirmed the coordinated operation on August 3, […]
Publicly listed Bitcoin miners fell below cash breakeven as a group in the second quarter, with their weighted average pre-tax production cost reaching about $75,500 per coin against Bitcoin’s quarter-end price of $58,400. The gap of roughly $17,100, or 29%, marked a sharp deterioration in industry economics during the three months to June, according to a new sector review by digital-asset investment group CoinShares. The report said […]
Protests over surging fuel costs widened across several countries on Wednesday as crude oil remained above $100 a barrel, pushing diesel and petrol prices higher and forcing governments to confront growing public anger over the economic fallout from the Middle East conflict. French fishermen blocked the Frontignan fuel depot near Sète, a day after a similar action at Fos-sur-Mer near Marseille, demanding relief from fuel costs and […]
Saudi warplanes struck Houthi positions across Yemen on Wednesday as the Iran-aligned movement pressed territorial gains along the Red Sea coast and widened attacks on Saudi targets, intensifying a new front in the Middle East war. Houthi military spokesman Yahya Saree said Saudi aircraft had carried out as many as 450 strikes during the week. Officials from Yemen’s internationally recognised government acknowledged that their forces and Saudi […]
Yemen’s Houthi movement said on Wednesday that it had shot down a Royal Saudi Air Force F-15 fighter jet over Marib province, a claim that Saudi authorities had not confirmed and that could not immediately be independently verified. Houthi military spokesman Yahya Saree said the aircraft was brought down with a locally manufactured surface-to-air missile while conducting what he described as hostile operations over Marib. He gave […]
Response by KK Chiu, International Director, Chief Executive, Greater China, Cushman & Wakefield:
We welcome the Government’s commitment to increase housing supply, shorten the Composite Waiting Time for public rental housing and further strengthen the housing ladder. The adoption of a long-term housing supply framework comprising 40% public rental housing, 30% subsidised sale housing and 30% private housing, together with the delivery of approximately 196,000 public housing units over the next five years, will provide a clearer housing and homeownership pathway for different income groups.
We believe that increasing the supply of subsidised sale housing and enhancing the housing ladder will help more public housing tenants progress towards homeownership, accelerate housing mobility and enable families with genuine housing needs to gain access to public housing more quickly.
We support the Government’s efforts to increase public housing supply, continue the Light Public Housing programme and implement the Basic Housing Units regime in an orderly manner to phase out substandard subdivided units. This approach is consistent with our long-held view that increasing housing supply is the fundamental solution to improving inadequate housing conditions. With the Government targeting the resolution of substandard subdivided units in domestic buildings by 2030, we expect living conditions for grassroots households to improve progressively.
Urban Renewal Incentives
We support the Government’s more flexible approach to urban renewal, including transferable plot ratio arrangements and measures to unlock redevelopment potential. These initiatives will help enhance market participation, accelerate renewal in areas with pressing redevelopment needs and contribute to overall housing supply growth. We recommend the Government provide clearer guidance on application requirements and further streamline cross-departmental approval procedures to facilitate implementation.
Advancing the Yacht Economy
We welcome the Government’s continued efforts to promote the yacht economy. Beyond increasing marina berth supply and enhancing supporting infrastructure, we believe it is equally important to further facilitate cross-boundary initiatives, allowing greater mobility of yachts within the Greater Bay Area and fostering regional collaboration.
As more superyachts and high-net-worth visitors arrive in Hong Kong, demand is expected to rise across luxury tourism, hospitality, food and beverage, retail, marine services and waterfront commercial facilities, helping unlock the economic potential of Hong Kong’s coastline and island resources. At the same time, Hong Kong has the potential to develop a more comprehensive marine industry ecosystem encompassing yacht repair and maintenance, refitting services and specialised professional services. The development of a holistic marine services value chain will further strengthen Hong Kong’s competitiveness as a regional and international yachting hub.
Response by John Siu, Managing Director, Hong Kong, Cushman & Wakefield:
Planning Ahead for AI and Data Centre Infrastructure
We welcome the Government’s commitment to accelerate the development of the Sandy Ridge Data Facility Cluster, which is expected to provide computing power equivalent to 36 times Hong Kong’s current capacity by 2032, alongside a HK$1 billion injection into the Artificial Intelligence Subsidy Scheme. These initiatives will provide important support for the development of Hong Kong’s artificial intelligence and data centre sectors, further strengthening the city’s position as a regional digital and innovation hub.
However, with rapid advancements in artificial intelligence, large language models and cloud computing, demand for computing power is expected to grow significantly in the coming years. We believe that, in addition to planning data centre sites, the Government should proactively review long-term requirements for power supply, electricity grid capacity and related infrastructure. As AI adoption becomes more widespread, access to reliable power and supporting infrastructure will be a key factor in maintaining Hong Kong’s competitiveness as a technology and data centre hub.
We support the Government’s stated direction of pursuing “high-efficiency computing power, stable electricity supply and low-carbon transition”. Looking ahead, we recommend that the Government regularly review future demand for land, power supply and supporting infrastructure arising from the growth of artificial intelligence and data centre activities, particularly within the Northern Metropolis and other strategic development areas. A coordinated approach to computing, energy and digital infrastructure planning will help attract more data centre operators and technology companies to Hong Kong, while supporting the city’s long-term development as a regional hub for data and artificial intelligence.
Clear Industry Positioning for the University Towns
We welcome the Government’s efforts under Hong Kong’s First Five-Year Plan to further define the positioning of the three university towns in the Northern Metropolis University Town, and are encouraged by its strategy to promote synergy among the university towns, the San Tin Technopole and surrounding industry parks. As the only city in the world with five universities ranked among the global top 100, Hong Kong possesses a strong foundation in higher education and research. At the same time, the San Tin Technopole is set to become a key innovation and technology hub. The complementary strengths of these two pillars, both geographically and strategically, provide a solid foundation for building a globally competitive innovation ecosystem in Hong Kong.
We are particularly encouraged by the Government’s emphasis on integrated industry-academia-research collaboration. The university towns should not be viewed merely as educational developments, but as strategic platforms for research commercialisation, international talent attraction and the cultivation of emerging industries. Closer collaboration among universities, research institutes, innovation and technology enterprises and industry parks will help establish a complete innovation value chain covering talent development, scientific research, technology transfer and industrial implementation.
In addition, the Plan proposes approximately 300 hectares of educational facilities as the core of the university towns, connected with adjacent strategic industry areas, distinctive conservation areas, sports and cultural facilities, and surrounding communities, bringing the overall development footprint to more than 1,000 hectares. Such a large-scale integrated education and industry development model is rare in Hong Kong’s urban planning history and clearly demonstrates the Government’s long-term vision of creating a knowledge-based city cluster and an international education hub in the Northern Metropolis.
Attracting Signature Industry Projects and Anchor Institutions to Enhance the Northern Metropolis’ Global Appeal
We welcome the Government’s efforts to establish differentiated industry positioning through the three university towns, while integrating key development nodes such as the San Tin Technopole, the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, the Hung Shui Kiu Industry Park and Ta Kwu Ling. This provides a clearer direction for industrial development in the Northern Metropolis and helps address long-standing market concerns regarding overlapping functions and unclear district positioning.
As highlighted in our previous research, we believe the next critical stage for the Northern Metropolis will be its ability to attract influential anchor institutions and leading enterprises. By bringing together universities, research institutes and industry leaders, Hong Kong can foster the clustering of businesses, talent and capital, gradually forming industry clusters with scale and international competitiveness. Hong Kong should also capitalise on its common law system, international financial centre status, intellectual property protection framework and global talent network by focusing on high value-added segments such as research and testing, intellectual property management, fundraising and listing activities, and international accreditation services. This will help Hong Kong establish an irreplaceable role within the Greater Bay Area industrial value chain.
Beyond strategic industries, we believe the Northern Metropolis could also explore internationally recognised and iconic industry projects to further enhance its global profile and attractiveness. For example, the Government may consider developing initiatives around new energy vehicles, smart mobility and advanced technologies, while exploring the feasibility of internationally recognised racing events, testing facilities or technology R&D platforms, such as those associated with Formula One. By leveraging motorsport-related economic activities and innovation-led development, Hong Kong could attract international automotive manufacturers, mobility technology companies and research institutions to establish regional headquarters, R&D centres or testing facilities in the city. This would in turn support the growth of engineering, intelligent transport, advanced manufacturing, tourism, hospitality, retail and convention and exhibition industries, further enriching the Northern Metropolis industrial ecosystem.
Accelerating Land Supply While Advancing Industries and Infrastructure in Parallel
We note that Hong Kong’s First Five-Year Plan proposes a significant acceleration in land and housing supply within the Northern Metropolis. Residential completions are expected to increase substantially from approximately 11,000 units during 2021/22 to 2025/26 to around 70,000 units during 2026/27 to 2030/31. Over the same period, the supply of “spade-ready sites” will rise from approximately 120 hectares to around 900 hectares, representing an increase of around 7.5 times. These figures demonstrate that the Northern Metropolis is transitioning from a planning and land formation phase to a new stage characterised by large-scale development, industrial implementation and population intake.
However, we believe the success of the Northern Metropolis should not be measured solely by the volume of land or housing delivered. As substantial residential, innovation and technology, and industrial sites come on stream, the focus should gradually shift from land supply to city-building. The Government should ensure the coordinated delivery of railway and cross-boundary infrastructure networks, industry parks, commercial facilities, public services and community amenities, while accelerating the introduction of leading enterprises and strategic industries to create sufficient, high-quality employment opportunities and achieve a genuine jobs-housing balance.
In particular, we believe the Northern Metropolis should be driven by industry-led development, with the San Tin Technopole, the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, the university towns and major industry parks serving as key growth engines. This would create a virtuous cycle in which industry attracts population, population supports consumption, and consumption drives urban development. Only through the coordinated growth of industry, talent, infrastructure and communities can the Northern Metropolis evolve from a large-scale land development project into a modern metropolitan district integrating industry, education, living and international exchange.
New Opportunities for Student Accommodation Market
We welcome the Government’s initiatives to deepen Hong Kong’s development as an international hub for post-secondary education through the “Hong Kong: Your World-class Campus” campaign, expanded global student recruitment efforts and the extension of the Immigration Arrangements for Non-local Graduates pilot arrangement to graduates from Greater Bay Area campuses of Hong Kong universities. These initiatives will further enhance Hong Kong’s attractiveness to overseas students and talent while reinforcing the “Study in Hong Kong” brand.
We are encouraged by the continued progress of the Hostels in the City Scheme. The scheme has already received 41 confirmed applications, providing approximately 10,800 bed spaces and demonstrating strong market confidence in the long-term growth of Hong Kong’s education sector.
The scheme has opened up a new supply channel for converting commercial buildings into student accommodation. At a time when hotel conversion opportunities are becoming more limited as tourism continues to recover, it provides an alternative pathway for investors while helping unlock the value of underutilised commercial assets and meet rising demand for student housing. As the Government prepares to tender the first dedicated student hostel site, we believe purpose-built student accommodation will gradually emerge as a distinct and scalable asset class within Hong Kong’s real estate market.
To further increase supply, we recommend that the Government continue reviewing and refining approval procedures for student hostel conversions. Greater flexibility and streamlined processes, while maintaining appropriate safety and operating standards, would encourage wider market participation and support Hong Kong’s ambition to become a leading international education destination.
(Click here for high-res pictures)
Hashtag: #Cushman&Wakefield
The issuer is solely responsible for the content of this announcement.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2025, the firm reported revenue of $10.3 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit 
www.cushmanwakefield.com.hk or follow us on LinkedIn (
www.linkedin.com/company/cushman-&-wakefield-greater-china).
US midterm elections are emerging as a fresh policy risk for artificial intelligence-linked stocks as President Donald Trump defends rapid AI development while candidates from both parties respond to widening voter resistance to data centres and calls for tighter safeguards. The political pressure intensified this week after Trump rejected demands for a slowdown in advanced AI development and argued that existing laws and enforcement powers were sufficient […]
Germany’s hospitals are accelerating preparations for a potential wartime surge of wounded patients, with military planners warning that a NATO conflict could send hundreds of casualties into the health system each day. The Bundeswehr has built scenarios involving 300 to 1,000 wounded service personnel arriving daily, a scale that would rapidly overwhelm Germany’s five military hospitals and require extensive use of civilian facilities. Military medical planners say […]
SUSE has enabled its enterprise real-time Linux platform for LF Energy’s SEAPATH architecture, giving electricity grid operators and equipment vendors a commercially supported operating system option for virtualised digital substations. The integration, developed with open-source engineering specialist Savoir-faire Linux, combines SUSE Linux Enterprise Real Time with Kernel-based Virtual Machine, or KVM, virtualisation and cluster support. SUSE said the work makes it the first enterprise Linux vendor to […]
Middle East supply disruptions are accelerating Africa’s drive to expand domestic refining and production as governments and companies seek to reduce exposure to volatile fuel costs and vulnerable shipping routes. Disruption around the Strait of Hormuz and Red Sea has pushed energy markets higher, raising import bills across a continent where most countries remain net buyers of crude or refined petroleum products. The African Development Bank says […]
SOCAR plans to take a final investment decision by the end of 2026 on a petrochemical expansion in Türkiye valued at up to $7 billion, placing higher-value manufacturing at the centre of Azerbaijan’s effort to broaden its energy economy beyond crude oil and gas sales. The State Oil Company of the Republic of Azerbaijan is assessing new production units and upgrades to existing facilities at Petkim, its […]
SINGAPORE – Media OutReach Newswire – 16 September 2026 – Following DHL Express’s introduction of Heavy Weight Express (HWX) this year, DHL Express recorded a 16% growth in its Time Definite International Weight per Day in Asia Pacific (excluding China) between January and July2026. This reflects how DHL’s Smart Industrial Growth Strategy is yielding positive outcomes as businesses are moving heavier, critical components, machinery, and industrial equipment across borders.
The heavyweight market has been gaining traction in recent years. Industry research shows that an estimated 10.2 million tons of heavyweight shipments¹ are being moved in Asia Pacific (excluding China) each year. Many companies have spent years reducing inventory and improving efficiency across their supply chains. However, companies today operate in a far less predictable environment marked by trade disruptions, manufacturing bottlenecks, and fluctuating demand. The rise in heavyweight shipment volumes mirrors a shift in how businesses are managing supply chain risks, as they increasingly turn to express logistics not only to handle sudden shifts in demand but also to have greater agility, certainty and control over timelines.
“Behind the numbers is a simple reality: Businesses are shipping heavy when timing matters and when it’s critical,” said Ken Lee, CEO for Asia Pacific, DHL Express. “As companies continue to navigate a complex landscape where uncertainty has become the norm, speed and reliability have also become part of the business decision. Customers are making deliberate decisions on what they ship through our network. Our Heavy Weight Express solution helps companies avoid downtime, protect working capital and keep operations moving when supply chains don’t go exactly as planned.”
Technology, Engineering & Manufacturing, and Automotive top Asia Pacific’s heavyweight contributors
Across the region, high-value, technology-related cargo, such as computer chips and semiconductors, accounts for the largest share of DHL Express’s heavyweight segment at over 34%, driven by rapid investment in data centers to support the growing demandfor computing capacity, data storage, cloud services, as well as artificial intelligence. This has fueled demand for technology-related shipments, from semiconductors and servers to cooling systems and electrical infrastructure. However, a data center crunch is creating supply chain bottlenecks as demand for semiconductor manufacturing outpaces infrastructure supply. As a result, express logistics services are urgently activated to move critical components quickly and efficiently, helping to keep projects on schedule.
The other main contributors to the heavyweight segment are businesses in engineering & manufacturing as well as the automotive industry.
Automotive is the fastest growing sector
HWX service is also gaining strong momentum in the automotive sector, with its shipment weight increasing at a rate of nearly 20%. As the leading export region for this sector, Asia Pacific is also seeing a surge in Asian automotive brands, particularly Electric Vehicle (EV) manufacturers from China and Southeast Asia. As these brands expand into new markets, they are also moving vehicle parts sourced from different suppliers and manufacturers across borders. This has created the appetite for expedited shipments to keep production running. In this sector, a single late or failed shipment could instantly cost automotive manufacturers millions of dollars.
Asia affirms role as a vital trading hub
In Asia Pacific (excluding China), the fastest growth in heavyweight shipments for the first seven months of the year came from India, the Philippines, Vietnam, Japan and Hong Kong. These markets reflect two of the region’s strongest trade corridors – Southeast Asia’s firm role as a manufacturing and sourcing base, and North Asia’s strategic position as a hub for high-value technology, industrial and automotive supply chains. Additionally, India, the Philippines, and Vietnam are also recognized as key markets of the geographic tailwinds initiative.
“As companies continue to manufacture out of Asia, balancing project timelines and building more resilient and agile supply chains become a priority. To maintain production continuity and ensure certainty, they are consolidating goods into heavier shipments. These non-negotiable conditions are also “urgency drivers” that put us at an advantage to help deliver our customers’ shipments at a definite time,” said Ken Lee, CEO for Asia Pacific, DHL Express.
In recent years, DHL Express has added several new infrastructures across the region, including an expanded global hub in Hong Kong, facilities near Cebu and Manila airports, gateway at Christchurch airport, Hanoi gateway near Noi Bai airport, as well as Delhi gateway, culminating in approximately 1,000 facilities in the Asia Pacific region. This is further supported by a robust aviation network of around 810 flights per day.
¹McKinsey/IHS Markit (2024)
Hashtag: #DHLExpress #GlobalTrade #HeavyWeightExpress
The issuer is solely responsible for the content of this announcement.
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of approximately 82.9 billion euros in 2025. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
![World Bank forecasts robust growth for UAE and Saudi Arabia in 2025[1]](https://thearabianpost.com/wp-content/uploads/2024/11/World-Bank-forecasts-robust-growth-for-UAE-and-Saudi-Arabia-in-20251-151x118.jpg)
Arabian Post Staff -Dubai Saudi Arabia is broadening international security contacts as Iran-backed Houthi forces consolidate positions along Yemen’s Red Sea coast, with Britain backing Riyadh and reports of Israeli intelligence co-operation emerging as the kingdom confronts missile, drone and maritime threats. The Saudi outreach has accelerated after Houthi forces captured territory and islands around the Bab el-Mandeb Strait, the narrow waterway linking the Red Sea with […]
HONG KONG SAR – Media OutReach Newswire – 16 September 2026 – Premier Hong Kong body-sculpting and wellness boutique SWISS REJU has added another prestigious accolade to its portfolio, shining brightly at the HK01 Health Easy Awards ceremony. Hosted by leading media platform HK01, the landmark industry event—featuring the “Health Industry Trends Symposium and HK01 Healthy Easy Awards”—was successfully held at The Ritz-Carlton, ICC, Hong Kong, drawing industry leaders for an evening of high-level exchange and celebration. The event opened with a keynote address by Dr. Ko Wing-man, a widely respected member of the Executive Council. SWISS REJU was honored to attend and was officially named the winner of the HK01 “Exquisite Body-Sculpting Reputable Brand Award.” The event paid tribute to Hong Kong’s most exceptional wellness brands. SWISS REJU is deeply honored to receive authoritative recognition at this highly credible awards ceremony.
The rigorous and meticulous evaluation mechanism of the Healthy Easy Awards combines months of authentic user voting with expert panel reviews, reflecting genuine client feedback alongside professional evaluation. This year’s winner’s circle featured an elite lineup of premier brands and institutions, including St. Paul’s Hospital, Hong Kong Baptist Hospital East Kowloon Medical Centre, iHerb, Nestlé ThickenUp, and Yakult. Each winning brand demonstrated professional excellence, standing out as an industry leader. Through ethical business practices and exceptional QCAC management, SWISS REJU K-Lipolysis® was likewise awarded the “Exquisite Body-Sculpting Reputable Brand Award.”
SWISS REJU extends its sincere gratitude for the glowing user reviews and expert support, remaining steadfast in its mission to advance Hong Kong’s wellness industry. This marks SWISS REJU’s third consecutive year receiving a major annual award from HK01. Coupled with earlier honors—including the Cosmopolitan Best of the Best Award, the Sunday More Hong Kong No.1 Best Body Contouring Treatment, and the JESSICA Annual Best AI Slimming Award—this also represents the 15th major annual accolade SWISS REJU has earned from prominent organizations. Achieving excellence across numerous voting polls, backed by the endorsement of industry experts, stands as a testament to the exceptional reputation of SWISS REJU’s signature K-Lipolysis body contouring program.
Celebrating a Decade of Excellence: SWISS REJU Marks 10 Years of Unrivaled Brand Prestige
“The HK01 Reputable Brand Award is a tremendous encouragement,” stated the brand spokesperson. “To be recognized as a premier, high-reputation brand among over 8,000 beauty and wellness enterprises in Hong Kong is a major encouragement. We remain firmly committed to our core values, continuing to deliver reliable, trusted body contouring, and advanced wellness services.”
Having operated in Central for nearly a decade, SWISS REJU has witnessed the rise of standardized, ethical business practices in Hong Kong, actively supporting the industry’s ongoing reform and optimization. Today’s consumers increasingly gravitate toward high-transparency, stable operations, and high-reputation brands offering flexible installment options. As public awareness grows, discerning clients prefer equipment and technologies backed by rigorous certifications, such as the U.S. FDA, EU MDR / Medical CE, and Hong Kong Department of Health MDACS. This is why SWISS REJU has consistently invested millions to introduce genuine, top-tier technologies, including BTL EXION, INDIBA, WINBACK, NeoCare Elite, ATP LIPO X, Lumenis Pollogen DMA, and VIORA Reaction. This strong technical advantage paired with nearly a decade of distinguished reputation, has established an extraordinary level of client trust.
Unveiling the All-New SWISS REJU AI Weight-Loss Algorithm X Silicon Valley Health Tech
This year’s seminar centered on advanced weight management and cross-border collaboration. SWISS REJU has long believed that the aesthetic and body-sculpting industry in Hong Kong can more proactively embrace its role as an international technological bridge. Consequently, the brand has taken the lead in introducing cutting-edge nutritional science and longevity research from Silicon Valley, combining advanced research with high-tech instrumentation to elevate the overall efficacy of K-Lipolysis program.
The pioneering AI Algo Slimming introduced by SWISS REJU utilizes artificial intelligence to automatically calculate energy output, dynamically mapping the optimal energy pathway every second to enhance efficacy and safety. By integrating Silicon Valley advanced health and nutritional management, SWISS REJU stands among the pioneering advanced body-sculpting brands in Hong Kong to champion Silicon Valley biohacking preventive medicine and longevity technology. This elevates the scientific standard of Hong Kong’s wellness sector, delivering a state-of-the-art body contouring and health experience for clients across Hong Kong and the the Greater Bay Area.
To learn more, visit: http://www.reju.hk
Hashtag: #swissreju #熱光溶脂
The issuer is solely responsible for the content of this announcement.
By TN Ashok The 18th BRICS Summit, held at Bharat Mandapam in New Delhi on September 12–13, 2026, was never going to escape Washington’s shadow — and it didn’t. Even as Prime Minister Narendra Modi steered eleven member states toward a unanimously adopted New Delhi Declaration that pointedly avoided naming the United States, President Donald […]
The article India steers 18th BRICS summit deftly, keeps anti-West rhetoric at bay appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Foreign capital has just delivered its verdict on the United States, and the verdict is not what Washington wants to hear. A record $600 billion flowed into US equities over the past year, outpacing foreign purchases of Treasuries for the first time since the 2008 financial crisis. For decades, buying America meant buying its government debt alongside its companies as though they were one investment. This assumption […]
Arabian Post Staff -Dubai Saudi Arabia has identified about 114 million tonnes of mineralised ore containing rare earth elements and promising uranium concentrations at the Jabal Sayid project in Madinah, Energy Minister Prince Abdulaziz bin Salman has announced. Prince Abdulaziz disclosed the estimate on Monday during the 70th General Conference of the International Atomic Energy Agency in Vienna, placing the find at the centre of Riyadh’s drive […]
Chinese President Xi Jinping used the 18th BRICS Summit to argue that countries should pursue development paths suited to their own national conditions, a message that overlapped with the summit’s broader emphasis on policy autonomy, inclusive growth and reform of global institutions.
Addressing the first leaders’ session on September 12, Xi marked 20 years of BRICS cooperation and said members had strengthened themselves through unity while preserving independence in choosing their economic and social models. He described BRICS as an increasingly important platform for emerging markets and developing countries.
The summit’s New Delhi Declaration gave that theme wider institutional form. Leaders called for a more representative international order, greater participation by developing countries in global decision-making and reforms to institutions including the United Nations, World Trade Organization and international financial architecture.
The declaration also reflected the diversity within the expanded grouping. Rather than prescribing a single model of development, BRICS leaders stressed national circumstances, differing capacities and the need for policy space, particularly in areas such as energy transition, industrialisation and climate action. That approach broadly matched Xi’s argument that development strategies should reflect domestic conditions rather than external templates.
Xi sought to extend the idea into technology policy. He proposed an initiative on artificial intelligence-enabled industrialisation, deeper cooperation in research and applications, and stronger industrial and supply-chain links. China also promoted open-source AI collaboration and international platforms intended to improve access to emerging technologies for developing economies.
Other leaders framed similar priorities through their own national perspectives. Prime Minister Narendra Modi emphasised resilience, innovation, cooperation and sustainability, the four themes of India’s 2026 BRICS chairship, and called for solutions developed within the grouping to serve a wider range of developing countries. He also urged members to translate summit commitments into practical programmes.
BRICS members agreed on measures spanning digital cooperation, food and energy security, health, trade facilitation and the use of local currencies in cross-border transactions. The declaration supported stronger payment connectivity while stopping short of endorsing a common BRICS currency.
The economic agenda also underlined the practical test facing the grouping. Members backed use of national currencies in trade and investment, stronger cooperation through the New Development Bank and efforts to improve financial resilience. Such measures are intended to widen financing options for developing economies without committing members to a single monetary framework or common currency.
The expanded bloc now brings together countries with sharply different political systems, strategic alignments and economic structures. That breadth gives BRICS a larger claim to represent developing-country concerns, but it also limits how far members can converge on detailed policy prescriptions. Analysts have noted differences over whether the group should remain primarily an economic and development forum or assume a stronger geopolitical role.
Those tensions were visible alongside the development agenda. Leaders opposed protectionism and unilateral economic measures, supported a stronger multilateral trading system and called for reforms that would increase the voice of developing countries. At the same time, members avoided turning the summit into a unified ideological platform, relying instead on consensus language broad enough to accommodate competing interests.
Xi’s second summit intervention on September 13 placed a “people-centred” development philosophy within a wider call for Global South cooperation. He urged progress on the UN Sustainable Development Goals, improvements to global climate governance and a consensus-based framework for governing artificial intelligence.
China’s approach also carries strategic implications. Beijing has increasingly used BRICS and other multilateral forums to promote its views on development, sovereignty and global governance. Some members share its criticism of unequal representation in international institutions, while others remain cautious about allowing BRICS to become identified with any single country’s geopolitical agenda.
Arabian Post Staff -Dubai Shipping through the Strait of Hormuz fell sharply at the start of the week, with only four commodity vessels recorded transiting the strategic waterway on Monday as attacks across the Middle East intensified. Preliminary ship-tracking data from Kpler showed the Monday total was down from 10 vessels on Sunday, extending a prolonged decline in commercial traffic through a passage that remains central to […]
A new round of 50 per cent US tariffs on Canadian goods took effect early Tuesday, adding the levy to 110 tariff items while removing 10 others from the list. The changes, effective from 12.01am Eastern Time on September 15, cover products including selected cheeses, motorboats, all-terrain vehicles, furniture, mattresses, lamps, aluminium products, paper goods and iron or steel structures. They form part of a package of […]
Arabian Post Staff -Dubai Oil prices rose on Tuesday as renewed attacks on Saudi Arabia and the continued shutdown of the kingdom’s East-West pipeline kept traders focused on the risk of further disruption to Middle East crude supplies. Brent crude climbed $1.24 to $106.93 a barrel, while US West Texas Intermediate gained $1.29 to $102.65 in Asian trading. The move followed another wave of Houthi attacks on […]
Arabian Post Staff -Dubai Wall Street is preparing for the Federal Reserve to raise interest rates this week for the first time since July 2023, after another surge in oil prices and stubborn inflation pushed market expectations decisively towards tighter policy. Interest-rate futures on Monday assigned roughly a 90% probability to a quarter-point increase at the Federal Open Market Committee’s September 15-16 meeting. A move of 25 […]
By R Suryamurthy The 2026 New Delhi Declaration arrives at a revealing moment for BRICS: two decades after the grouping emerged as a shorthand for the rising economic weight of the Global South, it is no longer merely demanding a larger seat at the table of global governance, but is beginning to construct the institutional […]
The article BRICS is not building a new order, but a hedge against the old one appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Chevron’s Australia president expects liquefied natural gas prices to remain elevated for about six months as war-driven disruption to Middle East supply keeps the global market tight. Balaji Krishnamurthy, who leads Chevron’s Australian operations, said at the Gastech conference in Bangkok on Monday that higher prices were likely to persist while the market adjusts to reduced Qatari exports and constrained shipping through the Strait of Hormuz. He […]
