The Society for Worldwide Interbank Financial Telecommunication network, which is widely known by its Swift acronym, allows roughly 11,000 financial institutions to exchange money transfer instructions. Photo: Reuters
The Society for Worldwide Interbank Financial Telecommunication network, which is widely known by its Swift acronym, allows roughly 11,000 financial institutions to exchange money transfer instructions. Photo: Reuters

US risks ‘gargantuan’ financial turmoil with threats against Chinese banks

  • Reports suggest US has ‘preliminarily discussed sanctions on some Chinese banks’ over their trade with Russia
  • Analysts say moves to remove China from the Swift interbank financial system could create a ‘huge problem’ for global trade
1 hour ago
US-China relations

US risks ‘gargantuan’ financial turmoil with threats against Chinese banks

1 hour ago
  • Reports suggest US has ‘preliminarily discussed sanctions on some Chinese banks’ over their trade with Russia
  • Analysts say moves to remove China from the Swift interbank financial system could create a ‘huge problem’ for global trade

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Chinese tourist back in Thailand to thank rescuers after being pushed off cliff

Wang Nan hugged and thanked the four rescuers at the office of Thailand’s Pha Taem National Park, commending their swift response to the incident.

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Chinese tourist back in Thailand to thank rescuers after being pushed off cliff

Wang Nan hugged and thanked the four rescuers at the office of Thailand’s Pha Taem National Park, commending their swift response to the incident.

24 Apr 2024 - 5:27PM
Chinese tourist back in Thailand to thank rescuers after being pushed off cliff
Celebrating Disney dream jobs

Hong Kong Disneyland continues to be a dream come true for employees through the years

The theme park recently honoured more than 2,000 employees at its first-ever long-service awards ceremony, including twin brothers who have performed there for more than a decade.

Hong Kong Disneyland continues to be a dream come true for employees through the years

Ukraine hits Russian-held areas with long-range missiles secretly sent by US

The weapons, with double the striking distance, were used for the first time to bomb a Russian airfield in Crimea and Russian forces in another occupied area.

12 minutes ago
Ukraine hits Russian-held areas with long-range missiles secretly sent by US

Biden signs Ukraine aid, TikTok ban bills after Republican battle

Biden signed the bill into law on Wednesday that provides billions of dollars of new US aid to Ukraine, notching a rare bipartisan victory for the president as he seeks re-election.

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Biden signs Ukraine aid, TikTok ban bills after Republican battle
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People rush to landing humanitarian aid packages dropped over the northern Gaza Strip on April 23, 2024 amid the ongoing conflict in the Palestinian territory between Israel and the militant group Hamas. Photo: AFP

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Deadly flooding downstream in Guangdong province and extreme drought upstream in hydropower hub of Yunnan show how critical the issue of climate change has become.

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Opinion | A chance for peace in Ukraine will come. Asia must prepare to seize it

The largest Asian countries, notably China but also India, should be poised to play a positive role if the winds change around the Ukraine war

The largest Asian countries, notably China but also India, should be poised to play a positive role if the winds change around the Ukraine war

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