Why biggest threat to US’ global dollar dominance may well be Washington itself

Mark Magnier April 17, 2026
Why biggest threat to US’ global dollar dominance may well be Washington itself
Why biggest threat to US’ global dollar dominance may well be Washington itself
China has crafted markets, mechanisms and incentives as the world’s largest buyer of commodities in a bid to free itself from its dependence on the US dollar, but the biggest threat to Washington’s global dollar dominance may well be Washington itself, witnesses said in testimony on Thursday before a key advisory committee to the US Congress. Economic sanctions and access to US-led global banking systems are a powerful US tool that can be used to great effect, said experts before the US-China...
China warns of food security risks as Iran war threatens global supplies
China warns of food security risks as Iran war threatens global supplies

China’s food supply could be vulnerable to global price spikes triggered by extreme weather or global conflict, as international bodies warn the US-Israel war on Iran is worsening food insecurity worldwide. The country has sufficient staple grain supplies, but Beijing said the nation’s food sector still faced structural challenges, including a weak processing industry and a lack of high-quality crop varieties in some areas. These weaknesses could pose problems for China if global food markets...

Mia Nurmamat April 17, 2026
Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut
Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut

Manycore Tech, a design software developer hailed as one of Hangzhou’s “Six Little Dragons”, made its trading debut in Hong Kong on Friday, with shares rising 172 per cent at the open, as the company positions itself at the intersection of artificial intelligence and the physical world. The company’s shares opened at HK$20.70 (US$2.64), rising 172 per cent versus the offer price of HK$7.62. The firm raised HK$1.09 billion from its initial public offering (IPO). On the grey market on Thursday,...

Wency Chen,Yulu Ao April 17, 2026
With Art March, Hong Kong is firmly on the global cultural map
With Art March, Hong Kong is firmly on the global cultural map

March is a highlight of Hong Kong’s cultural calendar. Last month, as I welcomed delegates to the International Cultural Summit during Art Week, many told me they had come to network with local and international collaborators and explore Hong Kong’s museums, galleries and performance venues. Tens of thousands attended Art Basel, Art Central, gallery openings, performances and other events across the city. The month also buzzed with jazz, opera, classical concerts and other performances, with the...

Bernard Chan April 17, 2026
Australia acts to protect winter crops with emergency Indonesian fertiliser deal
Australia acts to protect winter crops with emergency Indonesian fertiliser deal

An Australian company will import 250,000 tonnes of urea fertiliser from Indonesia in the coming months, easing fears of a shortage that would crimp food production, Canberra said on Friday. Australia is one of the world’s biggest exporters of crops including wheat, barley and canola but relies on fertiliser imports that are threatened by ‌the war on Iran, which has cut supply from the Middle East, a major urea producer. The price of urea, a source of nitrogen that fuels plant growth, has risen...

Agencies April 17, 2026
Mastering the shadows: explore lives, extraordinary skills of ancient Chinese thieves
Mastering the shadows: explore lives, extraordinary skills of ancient Chinese thieves

Beneath the rigid honour codes of the criminal underworld, ancient Chinese thieves operated in a high-stakes gamble against the state. For those who broke the law and were captured, the cost of failure was inscribed on their skin or paid in blood through facial tattooing, brutal amputations, or the executioner’s blade. From mastering qinggong (light body technique) to extreme contortion, their skills offered insight into a shadowy realm characterised by cunning, strict discipline, and...

Zoey Zhang April 17, 2026
China’s AI firms scaled up on open-source models. The next phase may be different
China’s AI firms scaled up on open-source models. The next phase may be different

In China’s hyper-competitive and lucrative tech industry, releasing cutting-edge artificial intelligence models for free may seem counter-intuitive – but it has become a core business strategy. At the University of Hong Kong last November, Alibaba Group Holding chairman Joe Tsai was asked why the tech giant open-sourced its AI models. Addressing a room full of students, Tsai said he believed open-source AI would bring global benefits by lowering costs, making it a natural fit for talent- and...

Vincent Chow April 17, 2026
How Shanghai reduces faecal bacteria presence in hotels to less than 1%
How Shanghai reduces faecal bacteria presence in hotels to less than 1%

When it comes to hotel rooms, “luxury” does not necessarily mean clean and hygienic. A number of studies have shown that light switches and television remote controls are among the objects with the highest levels of bacterial contamination, while toilets and bathroom sinks also contain high levels of microbial organisms. A 2012 survey in the United States – which is still cited by the travel industry 14 years later – found that 81 per cent of US hotel samples tested positive for surface faecal...

Shi Huang April 17, 2026
Bars gearing up for bumper Hong Kong Sevens weekend
Bars gearing up for bumper Hong Kong Sevens weekend

Bars and restaurants are gearing up for a bumper three days during the Hong Kong Sevens rugby tournament, brushing off concerns that rising airfares because of the Middle East war might put off visitors, with some operators expecting a surge of up to 40 per cent compared with a regular weekend. Business magnate and Lan Kwai Fong Group chairman Allan Zeman told the South China Morning Post that the loyal following of the flagship tournament, which runs from Friday to Sunday at the 50,000-seat Kai...

Ambrose Li,Stephy Zhang April 17, 2026
North Korea’s Kim ramps up show of force as US war on Iran raises stakes
North Korea’s Kim ramps up show of force as US war on Iran raises stakes

As the war on Iran continues to command global attention, North Korean leader Kim Jong-un has stepped up his appearances at military events, using drills and missile tests to project confidence at home and defiance abroad. His heightened visibility suggests that Kim feels more secure in his country’s nuclear deterrence as Washington’s focus is pulled in several directions, analysts say. Kim has cast himself as increasingly assertive and is distancing himself from the symbolic rituals observed by...

Park Chan-kyong April 17, 2026
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Global Stock Markets Mixed Amid Inflation Worries and Earnings Reports

Global stock markets remained mixed today as investors weighed fresh U.S. inflation data, corporate earnings reports, and the ongoing economic uncertainty in China and Europe. The U.S. stock market opened slightly higher on Monday morning, with the Dow Jones Industrial Average rising 0.4%, the S&P 500 climbing 0.3%, and the Nasdaq Composite gaining 0.5% in early trading. Investors responded positively to June's U.S. Consumer Price Index (CPI) report, which showed inflation cooling slightly to an annual rate of 3.0%, down from 3.3% in May."Markets are optimistic that the Federal Reserve may pause or even cut interest rates by the fall," said Lisa Raymond, chief analyst at Morgan & Co. "But it's still a wait-and-see situation, especially with more earnings coming this week."   Wall Street Opens Higher Dow +0.4%, S&P 500 +0.3%, Nasdaq +0.5% on Monday morning. Boosted by June CPI showing inflation cooled to 3.0% (down from 3.3%). Hopes rise for potential Fed rate cut or pause by fall. The U.S. stock market opened slightly higher on Monday morning, with the Dow Jones Industrial Average rising 0.4%, the S&P 500 climbing 0.3%, and the Nasdaq Composite gaining 0.5% in early trading. Investors responded positively to June's U.S. Consumer Price Index (CPI) report, which showed inflation cooling slightly to an annual rate of 3.0%, down from 3.3% in May. "Markets are optimistic that the Federal Reserve may pause or even cut interest rates by the fall," said Lisa Raymond, chief analyst at Morgan & Co. "But it's still a wait-and-see situation, especially with more earnings coming this week."   Tech Leads the Way Technology stocks led the gains in the U.S., with Apple (AAPL) up 1.8% and Nvidia (NVDA) jumping 2.4%, as demand for AI and semiconductors remains strong. Tesla (TSLA) also rebounded, rising 3.1% after announcing better-than-expected Q2 vehicle deliveries. Global stock markets showed a mixed performance as investors weighed persistent inflation concerns against a wave of corporate earnings reports. While strong results from major tech companies helped lift some indexes, uncertainty surrounding central bank policies and the future path of interest rates kept others in check. In the U.S.,   Europe Struggles on Growth Concerns   Meanwhile, European markets showed little movement, with the FTSE 100 in London flat and Germany’s DAX down 0.2%. Investors remain concerned about weak industrial output and rising energy costs across the Eurozone.“The European economy is showing signs of fatigue,” said Carla Dupont, economist at BNP Paribas. “High borrowing costs and geopolitical tensions are dragging down business activity.”Global stock markets showed a mixed performance as investors weighed persistent inflation concerns against a wave of corporate earnings reports. While strong results from major tech companies helped lift some indexes, uncertainty surrounding central bank policies and the future path of interest rates kept others in check. In the U.S., Market Performance Summary Table Region Index/Company Movement (%) Key Driver USA Dow Jones +0.4% Positive CPI report (3.0% inflation)   S&P 500 +0.3% Rate cut optimism   Nasdaq +0.5% Tech stock gains   Apple (AAPL) +1.8% Strong AI demand   Nvidia (NVDA) +2.4% Semiconductor growth   Tesla (TSLA) +3.1% Strong Q2 deliveries Europe FTSE 100 (UK) 0.0% Flat due to economic uncertainty   DAX (Germany) -0.2% Weak industrial output, high energy costs Asia Nikkei 225 (Japan) +0.6% Strong export performance   Shanghai Composite -1.2% Property sector risks, low consumer spending   Asia Mixed as Chinese Markets Slump   In Asia, markets showed mixed results. Japan’s Nikkei 225 gained 0.6%, supported by strong export data. However, Chinese markets fell sharply, with the Shanghai Composite down 1.2%, as fears about the country’s property sector and sluggish consumer spending persisted. Gains in consumer and tech sectors pushed markets higher, but weaker-than-expected bank earnings and inflation-related jitters limited broader momentum. European markets edged lower as traders grew cautious about global trade tensions and slowing growth indicators, while Asian markets saw mixed results, with Hong Kong posting modest gains and Tokyo slipping slightly. Overall, market sentiment remains cautious as investors await further economic data and guidance from central banks.   Looking Ahead   Investors are now turning their focus to key corporate earnings this week from major banks like JPMorgan Chase, Goldman Sachs, and Citigroup, as well as tech giants like Netflix and Microsoft. The results are expected to provide a clearer picture of business resilience amid high interest rates and uncertain global demand. Overall, market sentiment remains cautious as investors await further economic data and guidance from central banks.

Supreme Court Ruling on Presidential Immunity Sparks Nationwide Debate

The U.S. Supreme Court issued a landmark ruling on Monday, declaring that former presidents are entitled to partial immunity from criminal prosecution for actions taken while in office. The 6-3 decision, split along ideological lines, has triggered intense political and legal debate across the country.The ruling stems from charges brought against former President Donald Trump, who has faced multiple indictments related to alleged interference in the 2020 presidential election and events surrounding the January 6 Capitol riot. The Court’s decision now makes it more difficult for prosecutors to pursue charges for actions deemed as part of a president's official duties.     Divided Reactions   President Joe Biden responded to the ruling by calling it a “dangerous precedent” that could place future presidents above the law. “No one in America should be beyond accountability,” he said during a press conference.Republican leaders, however, welcomed the decision. House Speaker Steve Scalise stated, “This ruling upholds the constitutional separation of powers and protects the office of the presidency from political attacks.”The recent Supreme Court ruling on presidential immunity has ignited intense debate across the United States, with sharp divisions emerging among legal experts, lawmakers, and the public. The decision, which sets new boundaries on the legal protections afforded to sitting presidents, has far-reaching implications for the balance of power and accountability in government. Supporters argue that the ruling upholds the integrity of the executive office by protecting it from politically motivated prosecutions, while critics warn that it could open the door to unchecked presidential authority.   What the Ruling Means   The Court ruled that while presidents do not have absolute immunity, they are shielded from criminal prosecution for actions that are “within the outer perimeter of official presidential responsibilities.” However, personal or unofficial actions remain subject to prosecution.Legal experts say the ruling could delay several of Trump’s ongoing legal cases, potentially impacting the 2024 election season, where Trump remains the leading Republican contender. As protests, press conferences, and panel discussions erupt nationwide, the ruling is expected to influence upcoming elections and reshape the legal landscape surrounding executive power for years to come.   Public Response   The recent Supreme Court ruling on presidential immunity has ignited intense debate across the United States, with sharp divisions emerging among legal experts, lawmakers, and the public. The decision, which sets new boundaries on the legal protections afforded to sitting presidents, has far-reaching implications for the balance of power and accountability in government. Supporters argue that the ruling upholds the integrity of the executive office by protecting it from politically motivated prosecutions, while critics warn that it could open the door to unchecked presidential authority. As protests, press conferences, and panel discussions erupt nationwide, the ruling is expected to influence upcoming elections and reshape the legal landscape surrounding executive power for years to come.

Demographic Shifts in the United States: A Changing Nation Over Time

The United States has long been known as a nation of immigrants and diversity. Over the last century, significant demographic changes have occurred due to immigration patterns, birth rates, cultural shifts, and changing social values. This report outlines how the racial, regional, religious, and national origin composition of the U.S. population has evolved — and where it’s heading.   Table 1: U.S. Population by Race/Ethnicity (1960–2024) Year White (Non-Hispanic) Black Hispanic/Latino Asian Native American Multiracial Other 1960 85% 10.5% 3.5% 0.5% 0.3% — 0.2% 1980 80% 11.5% 6.4% 1.5% 0.6% — 0.3% 2000 69% 12.3% 12.5% 3.6% 0.9% 2.4% 0.3% 2020 59.3% 13.4% 18.5% 5.9% 1.3% 2.8% 0.1% 2024* 57.1% 13.2% 19.1% 6.5% 1.4% 3.1% 0.2%   Over the last six decades, the regional distribution of the U.S. population has undergone a substantial transformation. Economic shifts, climate preferences, and immigration patterns have contributed to the steady rise of the South and West as the primary hubs of growth, while the Northeast and Midwest have seen their shares of the national population gradually decline.   The United States Census Bureau divides the country into four main regions: Northeast, Midwest, South, and West. Over the past several decades, regional population distribution has shifted significantly due to migration trends, job availability, climate preferences, and immigration.   Table 2: Regional Population Distribution (by U.S. Census Regions)   Region 1960 1980 2000 2020 2024 (Est.) Northeast 25% 22% 19% 17% 16.5% Midwest 29% 27% 23% 20% 19.7% South 31% 34% 36% 38% 39.2% West 15% 17% 22% 25% 24.6%   Key Takeaway: The South and West have seen consistent growth due to warmer climates, job markets, and immigration hubs (e.g., Texas, Florida, California).   The religious landscape of the United States has undergone a dramatic transformation over the past 70 years. While the country once identified overwhelmingly as Christian — particularly Protestant — more Americans today are choosing no religious affiliation, a trend that reflects shifting cultural norms, generational change, and growing diversity.   Demography by religion Religion 1950 1980 2000 2020 2024 (Est.) Protestant 69% 56% 51% 40% 39% Catholic 25% 27% 24% 21% 20% Jewish 3% 2.5% 2% 1.8% 1.8% Muslim <0.1% 0.5% 1% 1.3% 1.5% Hindu/Buddhist <0.1% 0.5% 1.5% 2% 2.2% Unaffiliated 2% 7% 15% 27% 29%   Key Shift: The rise of the “nones” (religiously unaffiliated) is among the most dramatic religious shifts in recent history.   Immigration has always been a cornerstone of the American story. But over the past 60 years, the origins of the U.S. foreign-born population have changed dramatically — shifting from a Europe-dominated pattern to one led by Latin America, Asia, and more recently, Africa. These demographic transformations reflect both global trends and U.S. immigration policy reforms.   Summary Insights Racial Diversity Growing Rapidly: Non-Hispanic Whites are no longer a supermajority. By 2045, the U.S. is projected to be “minority-majority.” Regional Power Shift: The South and West are economic and population growth engines. Religious Landscape is Secularizing: Protestants and Catholics are declining; the religiously unaffiliated are growing fastest. Immigration Patterns Have Shifted: From European-dominated to Latin American and Asian-majority since 1965’s Immigration and Nationality Act.

Russia warns strike on Iran's Bushehr nuclear plant could cause 'Chernobyl-style catastrophe

Iran and Israel traded further air attacks on Thursday as President Donald Trump kept the world guessing about whether the United States would join Israel's bombardment of Iranian nuclear facilities. Google News LinkFor all latest news, follow The Daily Star's Google News channel. A week of Israeli air and missile strikes against its major rival has wiped out the top echelon of Iran's military command, damaged its nuclear capabilities and killed hundreds of people, while Iranian retaliatory strikes have killed two dozen civilians in Israel. Iran and Israel traded further air attacks on Thursday as President Donald Trump kept the world guessing about whether the United States would join Israel's bombardment of Iranian nuclear facilities.   Guardian council warns US of 'harsh response A key Iranian body warned the United States on Thursday that any intervention in support of its ally Israel would be met with a "harsh response". "The criminal American government and its stupid president must know for sure that if they make a mistake and take action against Islamic Iran, they will face a harsh response from the Islamic Republic of Iran," the Guardian Council said in a statement carried by state television.  Google News LinkFor all latest news, follow The Daily Star's Google News channel. A week of Israeli air and missile strikes against its major rival has wiped out the top echelon of Iran's military command, damaged its nuclear capabilities and killed hundreds of people, while Iranian retaliatory strikes have killed two dozen civilians in Israel.   Guardian council warns US of 'harsh response' if it intervenes. A key Iranian body warned the United States on Thursday that any intervention in support of its ally Israel would be met with a "harsh response". "The criminal American government and its stupid president must know for sure that if they make a mistake and take action against Islamic Iran, they will face a harsh response from the Islamic Republic of Iran," the Guardian Council said in a statement carried by state television.

Tourism Rebounds Strongly in 2025 as Travelers Seek New Adventures Post-Pandemic

Tourism Rebounds Strongly in 2025 as Travelers Seek New Adventures Post-Pandemic   The global tourism industry has entered a period of remarkable recovery in 2025, following several years of pandemic-related disruption. With the lifting of most travel restrictions, renewed consumer confidence, and a deep craving for exploration, tourism has surged across continents. Experts say this rebound is not merely a return to old patterns, but a reshaping of how people travel, what they value, and how the industry responds.   International Travel Reaches Record Levels   Countries around the world have seen a significant rise in international arrivals. Popular destinations like France, Thailand, Italy, and Mexico are reporting visitor numbers that not only match but exceed pre-pandemic figures. Airports are bustling, cruise ships are sailing at full capacity, and global airlines have reinstated and even expanded routes. This surge is being driven by both leisure and business travelers eager to reconnect with the world.   Tourists Demand Deeper, More Meaningful Experiences   Travelers in 2025 are no longer satisfied with generic sightseeing tours. There is a growing demand for immersive experiences—whether it's living with a local family in a remote village, joining a traditional cooking class, or volunteering in conservation projects. This shift reflects a deeper desire for cultural understanding, personal growth, and making lasting memories, rather than just collecting passport stamps.   Technology Transforms the Travel Experience   Advancements in technology have revolutionized every stage of the travel journey. From AI-powered itinerary planners and mobile boarding passes to biometric check-ins and real-time translation apps, modern travelers are enjoying unprecedented convenience. Virtual reality previews and augmented reality tours are also helping travelers plan smarter and engage more deeply with destinations.   Sustainability Becomes a Core Concern   Post-pandemic travelers are more environmentally conscious than ever before. Eco-tourism has moved from niche to mainstream, with tourists choosing green-certified hotels, carbon offset flights, and low-impact transport options. Many are also seeking out destinations that emphasize environmental protection, wildlife preservation, and sustainable development. Tour operators and governments are responding by investing in responsible travel infrastructure and education.   Flexible Booking and Safety Measures Still Matter   Despite the easing of global health threats, travelers remain cautious. Flexible booking policies, free cancellations, and comprehensive travel insurance are considered essential. Tourists also favor destinations with clear safety protocols and reliable healthcare systems. These preferences are shaping the policies of airlines, hotels, and tour agencies, which now compete not only on price and location but on traveler assurance.   Domestic and Regional Tourism Remains Strong   While international travel has boomed, domestic tourism has also seen steady growth. Many travelers are discovering hidden gems within their own countries—national parks, cultural heritage sites, and lesser-known towns—thanks to local government campaigns and improved transportation networks. Weekend getaways, road trips, and regional cruises are more popular than ever, helping stimulate local economies and reduce pressure on overcrowded hotspots. Travel Trends Are Redefining Industry Standards. From "workcations" that blend business with leisure to solo female travel and multi-generational family trips, the diversity of travel preferences is expanding. Social media continues to influence destination choices, while personalized travel experiences—tailored by data and AI—are raising expectations across the industry. The result is a tourism ecosystem that is more agile, inclusive, and innovative.  

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