In this week’s Hong Kong Edition, we read the tea leaves for a suddenly lively property market and interview an artist from Puerto Rico who recently relocated to Hong Kong. For the Review, we visit one of the vanishingly few upscale food options in Kai Tak. Also, we’re tapping our aviation expert Danny Lee to answer readers’ questions as the Iran war disrupts travel plans. Drop us a line at hkedit...
In this week’s Hong Kong Edition, we read the tea leaves for a suddenly lively property market and interview an artist from Puerto Rico who recently relocated to Hong Kong. For the Review, we visit one of the vanishingly few upscale food options in Kai Tak. Also, we’re tapping our aviation expert Danny Lee to answer readers’ questions as the Iran war disrupts travel plans. Drop us a line at hkedition@bloomberg.net , and we may feature it in an upcoming edition. To subscribe to this weekly newsletter for free, click here . Bust to Boom Could the property market downturn finally be over? It’s still early days, and a bit difficult to find confidence after a four-year slump . But the undeniable signs that we are in the nascent stages of the next boom are multiplying. On a macro level, the Hong Kong property price index is at a two-year high and has been climbing more or less steadily for about a year now. Morgan Stanley expects residential prices to rise 10% in 2026, driven by an influx of people moving to Hong Kong from mainland China. The new arrivals have already pushed home rents to a historic high , data from the government show. Recent sales at new developments coming to the market are also showing signs of a robust recovery. First-hand sales are estimated to reach 2,500 in April, according to Midland Realty, up more than 50% from last year. New home sales in recent weeks have been popular with some batches selling out in a few hours. La Mirabelle , a project in Lohas Park co-developed by Sino Land, sold almost 600 units in three weeks, generating HK$5.2 billion ($663 million) of revenue. Some developers are even dusting off old projects. New World’s Pavilia Farm III in Tai Wai — which has a particularly tortured history — has also been a highlight of the market in recent weeks. The developer said it received 5,000 visitors to look at the apartments in two days this month. New World sold 52 apartments of three or four bedrooms for a total of HK$1.3 billion in a si...
"Can Only Imagine What FCC Has To Say": Open Source Military Radar Plans Appear Online Someone on GitHub has built an open-source radar system capable of tracking multiple targets up to roughly 12 miles away, at a fraction of the cost that a major defense contractor would typically charge for a comparable system. AERIS-10 is an open-source phased-array radar system that demonstrates how advanced s...
"Can Only Imagine What FCC Has To Say": Open Source Military Radar Plans Appear Online Someone on GitHub has built an open-source radar system capable of tracking multiple targets up to roughly 12 miles away, at a fraction of the cost that a major defense contractor would typically charge for a comparable system. AERIS-10 is an open-source phased-array radar system that demonstrates how advanced sensing technology has moved out of the defense-prime world and into civilian hands, with one person releasing all the design and development files on GitHub. The 10.5 GHz phased-array radar system is available in two versions: AERIS-10 is an open-source, low-cost 10.5 GHz phased array radar system featuring Pulse Linear Frequency Modulated (LFM) modulation. Available in two versions (3km and 20km range), it's designed for researchers, drone developers, and serious SDR enthusiasts who want to explore and experiment with phased array radar technology. The developers wrote, "The AERIS-10 project aims to democratize radar technology by providing a fully open-source, modular, and hackable radar system." "Whether you're a university researcher, a drone startup, or an advanced maker, AERIS-10 offers a platform for experimenting with beamforming, pulse compression, Doppler processing, and target tracking," they added. X user chiefofautism noted, "One person built what defense contractors charge a quarter million for and open-sourced it." That's a great question: I can only imagine what the FCC will have to say about this... — E__Strobel (@E__Strobel) March 13, 2026 The bigger takeaway is not the project itself, but what it signals: dual-use capability has shifted into the civilian and open-source domain, a shift that is clearly visible in the drone world. It also shows how powerful dual-use technology is now becoming accessible outside the traditional defense-contractor ecosystem - something the Department of War will find increasingly difficult to ignore as funding flows redirect ...
House Republicans are calling for US sanctions against Chinese entities that improperly extract results from leading US artificial intelligence models to develop their own competing systems, part of a widening effort by Congress to counter China in the global AI race. Legislation proposed by Representative Bill Huizenga would direct the government to identify entities in China and Russia that use ...
House Republicans are calling for US sanctions against Chinese entities that improperly extract results from leading US artificial intelligence models to develop their own competing systems, part of a widening effort by Congress to counter China in the global AI race. Legislation proposed by Representative Bill Huizenga would direct the government to identify entities in China and Russia that use improper query-and-copy techniques on American models, according to a draft seen by by Bloomberg News. It would prompt consideration of sanctions on offenders via the Commerce Department’s blacklist and through presidential emergency economic powers established under a 1977 law. Potential targets of the law could include companies that have faced accusations of extracting capabilities from US AI models, including Chinese AI labs — DeepSeek, Moonshot, and MiniMax — as well as larger companies. The Chinese AI industry is currently led by far bigger rivals like Alibaba Group Holding Ltd. and ByteDance Ltd . The proposal marks the first significant step by Congress to address a growing concern for OpenAI , Anthropic PBC and Alphabet Inc. ’s Google that some users — especially in China — are creating less safe imitation versions of their products that could undercut them on price and siphon away customers. Read More: OpenAI, Anthropic, Google Unite to Combat Model Copying in China Known as the Deterring American AI Model Theft Act, the bill is set to be considered by the House Foreign Affairs Committee next week along with more than a dozen other export-control initiatives also aimed at curtailing China’s rise in the emerging technology. It’s co-sponsored by Representative John Moolenaar , the Republican chair of the House Select Committee on China. “Model extraction attacks are the latest frontier of Chinese economic coercion and theft of US intellectual property,” Huizenga, a member of the House Foreign Affairs Committee, said in a statement. Referring to Anthropic’s breakthro...
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 3.6% in the afternoon session after the company announced a new partnership with Meta Platforms to build next-generation artificial intelligence technology.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 3.6% in the afternoon session after the company announced a new partnership with Meta Platforms to build next-generation artificial intelligence technology.
(RTTNews) - Higher GIFT Nifty futures, fairly steady Asian stocks and positive lead from Wall Street point to a firm start for Indian shares on Thursday.
(RTTNews) - Higher GIFT Nifty futures, fairly steady Asian stocks and positive lead from Wall Street point to a firm start for Indian shares on Thursday.
China's first-quarter GDP growth hit 5% year-on-year, beating the expectation of 4.8%. Bloomberg's David Ingles and Yvonne Man are joined by CEIBS Assistant Professor of Economics Howei Wu to discuss the latest data. (Source: Bloomberg)
China's first-quarter GDP growth hit 5% year-on-year, beating the expectation of 4.8%. Bloomberg's David Ingles and Yvonne Man are joined by CEIBS Assistant Professor of Economics Howei Wu to discuss the latest data. (Source: Bloomberg)
(Bloomberg) -- Elon Musk’s lieutenants have reached out to chip industry suppliers including Applied Materials Inc., Tokyo Electron Ltd. and Lam Research Corp. for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc. and SpaceX have sought price quotes and delivery t...
(Bloomberg) -- Elon Musk’s lieutenants have reached out to chip industry suppliers including Applied Materials Inc., Tokyo Electron Ltd. and Lam Research Corp. for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc. and SpaceX have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve c