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Tag: China

  • Macau Problem Gambling Surges After Casinos Pivot to Public

    Posted on: January 22, 2026, 12:44h. 

    Last updated on: January 21, 2026, 03:11h.

    • Macau is seeing more people than ever seeking help for their gambling disorders
    • A record number of people self-excluded from casinos in 2025

    Macau is experiencing a rise in problem gambling. The increase in the number of people seeking help for their gambling comes after the enclave’s casinos pivoted from the VIP and high roller to the premium mass and general public player.

    Macau casinos problem gambling China
    People wait on a bus that’s enroute to Wynn Macau. Macau’s focus on the mass and general public is leading to higher rates of problem gambling in the Chinese region. (Image: AFP via Getty Images)

    Macau is the world’s richest casino market, with the six gaming operators combining to win $30.9 billion from their table games and slot machines in 2025. The $30.9 billion was the highest annual gross gaming revenue (GGR) mark since 2019.

    How Macau’s casinos generate GGR, however, has changed drastically since the COVID-19 pandemic. Once a gambling hub largely reserved for Mainland China’s wealthiest elite, Beijing used the global health crisis to alter how Macau ticks.

    The People’s Republic and President Xi Jinping shuttered the VIP junket model. The businesses were accused of facilitating the transfer of money from the communist regime to Macau, a Special Administration Region under Chinese control that’s considered a tax haven.

    Junkets and Macau’s casinos colluded to bring mainland high rollers to the city. Customers were typically afforded a line of casino credit close to the amount of money they paid the junket for their lavish trip and accommodations. Such high rollers gambled in private rooms on high-stakes games of baccarat, with per-bet hands often upwards of $10,000.

    Macau Problem Gambling 

    In exchange for 10-year casino license extensions, Beijing and Macau forced Sands, Wynn, MGM, Galaxy, Melco, and SJM to invest $16 billion in non-gaming projects. The agreement was designed to alter Macau from a high-stakes gambling paradise to a destination for leisure travel, family-friendly vacations, and business.

    The VIP gambling rooms are largely no more. Macau casinos have instead widened their marketing focus, and, so far, their multibillion-dollar bets on non-gaming are helping drive gaming, too. But Macau government officials say it’s also driving gambling problems.

    Macau’s Gaming Inspection and Coordination Bureau reports that 828 people removed their access to casinos in 2025. In 2024, only 475 individuals requested self-exclusion.

    During the seven years from 2013 through 2019, Macau’s self-exclusion program averaged 341 new enrollees each year. There were 254 self-exclusions in 2020, 359 in 2021, 292 in 2022, and 418 in 2023.

    There were another 124 people who were excluded last year through third-party-initiated requests, typically a family member or close friend. The individual must agree to be excluded before a third-party application is executed.

    The total number of exclusions includes exclusions requested by casinos. Excluded people are banned from entering casinos in Macau for a term of two years. 

    Macau Market Maturation

    Following the overhaul of the Macau gaming industry, analysts at S&P are predicting a stabilization of gaming revenues after three years of growth.

    Macau’s gaming boom is fading. The sector will be moving from a post-pandemic rebound to a more maturity-driven phase, as capacity limits and potentially softer mass demand temper growth,” the S&P note read.

    “We think 2026 revenue growth will slow, but steady operations, selective share gains, and deleveraging still support modest upside,” the brokerage predicted.

    Devin O’Connor

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  • Analysis-China can’t make consumers buy goods, so it leans on services to drive economy

    By Kevin Yao

    BEIJING, Jan 21 (Reuters) – China is planning to introduce new measures to promote the consumption of services, betting that elderly care, healthcare and leisure can offset tepid demand for goods, though analysts say the plan’s success hinges on elevating household incomes and social welfare.

    Beijing views labor-intensive services as a key to reorienting its economy toward consumption as it tries to wean itself off a traditional dependence ​on big-ticket investment and exports.

    Authorities are likely to unveil incentives, ease market barriers and invest in high-growth sectors to tackle supply gaps, but deeper reforms to elevate incomes and strengthen the safety net are critical, policy advisers ‌and analysts say.

    In contrast to China’s manufacturing sector – where supply often exceeds demand – the services sector faces chronic shortages because of underdevelopment and years of policy bias towards factories.

    “Policymakers are placing greater emphasis on services consumption given its big potential,” said a policy adviser who requested anonymity because they were not ‌authorised to speak publicly. “But expanding the sector will be a gradual process, aligned with the pace of economic transformation.”

    Chinese leaders have vowed to “significantly” lift household consumption’s share of the economy over the next five years. Most policy advisers believe China should lift its share to 45% by 2030, up from roughly 40% at present.

    Leaders have vowed to “invest in people” by boosting spending on education, healthcare and social security – a signal of stronger support for families and a push to lift household spending power.

    Chinese households are channelling more spending into services – from elderly care to travel and entertainment – as demand for big-ticket goods plateaus. Most families appear to have sufficient supplies of goods and per-capita GDP is nearing $14,000. The shift underscores China’s move toward a services-led consumption model.

    “Rebalancing itself is more a matter ⁠of the relative importance of consumption and investment in the economy, rather than whether ‌consumption takes the form of goods or services,” said Fred Neumann, chief Asia economist at HSBC.

    “That said, as household incomes increase with economic development and as households become older, the demand for services should grow faster than that for goods.”

    China’s economy grew 5% last year, matching the government’s target, by seizing a record share of global goods demand to offset weak domestic consumption, a ‍strategy that blunted the impact of U.S. tariffs.

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  • JD.com Bets on Art With an Ambitious New Museum in Shenzhen

    “Scenic City,” the future home of JD Museum in the Shenzhen Bay Super Headquarters Base. ©Büro Ole Scheeren

    Shenzhen has historically been associated with innovation, emerging as it did from an unusually open encounter between East and West. Established as a Special Economic Zone in 1980 and located near Hong Kong, the city served as an experimental interface between socialist planning and capitalist market logic—a relentless engine of production defined by technological advancement, rapid iteration and large-scale implementation, as well as a testing ground where global cultural forms were subjected to extreme conditions of speed, density and technological proximity. Consequently, since at least the 1990s, Shenzhen’s markedly progressive music and art scene has reflected its broader role as a bridge between geographies shaped by global cultural flows.

    This trajectory makes Shenzhen a particularly compelling site for a new museum dedicated to art and technology. Announced today (Jan. 20) and slated to open in late 2027, the new JD Museum aims to carve out a niche in contemporary visual and performing arts. Backed by the Chinese e-commerce and technology giant jd.com, the museum will be housed in the company’s new headquarters at the Shenzhen Bay Super Headquarters Base. The building itself—designed by Büro Ole Scheeren and described as a “Scenic City,” with spatial design by Neri&Hu Design and Research Office—embodies a promise of innovation with future-oriented aesthetics.

    JD.com’s operations span retail, logistics, technology, healthcare, industrial services, property development and international markets. Rooted in JD.com’s mission of “Making Lives Better through Technology,” the namesake museum’s program will explore creative and imaginative possibilities at the intersection of art and technology, making it one of the first major examples of a technology firm investing in a cultural institution with a tech-forward mission.

    “Our focus is on technology, a digital world that is mediated by embodied human experience,” Robin Peckham, who recently left his role as co-director of Taipei Dangdai Art & Ideas to become executive director of JD Museum, told Observer. In the past, Peckham has organized exhibitions on art, technology and popular culture for the Ullens Center for Contemporary Art, the Fosun Foundation and the K11 Art Foundation.

    When asked about the museum’s programming, Peckham said that while the museum will host the kind of immersive exhibitions typically associated with art and technology, it will also explore how traditional crafts are carried forward in contemporary contexts and how the human body both generates and responds to performance-based environments. Dedicated facilities for these different approaches are already in the works, he added, in a 10,000-square-meter complex that will include spaces for live performance, immersive installations, exhibitions, participatory workshops and creative retail.

    Embracing art as an inherently cross-disciplinary experience, JD Museum will address some of today’s most pressing issues—technology, ecology and urbanism—through a balance of technological inquiry and tactile human experience, to become a living laboratory for envisioning, reimagining and reengineering new solutions.

    The museum’s first public initiative, “Unboxing JD Museum,” will launch in 2026 ahead of the institution’s official opening. Conceived as a “community art initiative,” it will take the form of pop-up workshops and exhibitions using JD.com’s iconic delivery boxes as both material and framework, inviting creative contributions from artists, curators, architects and the broader JD.com community, including employees and their families and friends.

    “Technology has become one of the shaping forces throughout society today, as a consumer or as a producer, in China or in the West. This is something that art can engage with on many levels: as a tool, of course, but also as a horizon,” Peckham reflected. “Our intention is to think through all of this critically, offering a window into what our futures might look like by bridging the discourses of contemporary art, digital culture and new media and the tech industry,” he added. The vision is to make JD Museum a platform for conversation, speculation and experience on the most important intersection that is shaping our daily and future lives.”

    More in Museums

    JD.com Bets on Art With an Ambitious New Museum in Shenzhen

    Elisa Carollo

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  • ‘Greatest con artist’: Donald Trump’s ‘God Bless the USA’ Bibles were apparently made in China, and made him a $6.8 million profit | The Mary Sue

    Donald Trump has long wrapped himself in patriotism, from campaign slogans to speeches invoking “greatness” and “faith.” But his cash cow, the “God Bless the USA” Bible, has revealed a cynical truth about how he monetizes both religion and his political brand.

    Trump began promoting his “God Bless the USA” Bible edition in March 2024 as part of his presidential campaign. The Trump Bible is printed inside and out with patriotic trimmings like the U.S. Constitution, the Declaration of Independence, the Bill of Rights, the Pledge of Allegiance, and even lyrics from Lee Greenwood’s song. And it sells for $59.99 online. If you think that’s ridiculous, a hand-signed version goes for as high as $1,000.

    But there’s a glaring, uncomfortable detail that emerged from shipping records. All Trump Bibles were printed in China at a cost of roughly under $3 each. According to global trade and customs data, about 120,000 copies of these Trump-endorsed Bibles were shipped from Hangzhou, China. At less than $3 per unit, the production value of all shipments was roughly $342,000. (via PBS)

    The Trump Bible profit margin is 1900%, all thanks to China

    If every copy is sold at the minimum list price, the total potential revenue equates to about $7 million. Work the math: printing costs around $3, retail price $59.99, and the Trump Bible yields an astonishing markup approaching 1,900%. Here’s the kicker: Trump built much of his trade agenda around blaming China for unfair trade practices.

    Trump has called China a supposed threat to American industry, accusing it of stealing jobs from Americans. At various points, he’s even threatened steep tariffs on Chinese imports. Yet he chose to have his “ultimate patriotic Bible” printed in China. But that contradiction hasn’t been lost on observers.

    Once a con, always a con

    Social media pointed out the stark hypocrisy of promoting an America-branded religious product manufactured in a country repeatedly castigated. But one user said, “It wasn’t a mistake, Trump knows his MAGA base is too stupid to notice.” Most weren’t surprised, speaking volumes about Trump’s reputation.

    “What do you expect? He’s a grifter, and he continues to milk the cult,” one wrote. Another called Trump the “Greatest Con Artist of all time,” while one added, “Once a con, always a con.” Trump’s own financial disclosure shows he personally received royalty income from the project. This includes at least $300,000 reported in licensing fees (via Business Insider).

    Some reporting suggests total revenues could push into the millions, depending on overall sales and signed copies. One user joked on this, writing, “By the time his presidency ends, he will be trillionnaire. What amazes me is that there are still people falling for his grifts.” Other responses pointed to a broader irony. If the point of tariffs and trade wars is to bring manufacturing back to the U.S., why not produce Trump’s Bible domestically?

    Yet, we got a Bible printed abroad, sold at a massive markup, branded with patriotic language and Trump’s name. Call it what it is: the ultimate grift dressed up in red, white, and blue.

    Have a tip we should know? [email protected]

    Image of Kopal

    Kopal

    Staff Writer

    Kopal primarily covers politics for The Mary Sue. Off the clock, she switches to DND mode and escapes to the mountains.

    Kopal

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  • Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.

    Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday.

    Carney made the announcement after two days of meetings with Chinese leaders. He said there would be an initial annual cap of 49,000 vehicles on Chinese EV exports to Canada, growing to about 70,000 over five years. China will reduce its total tariff on canola seeds, a major Canadian export, from 84% to about 15%, he told reporters.

    Carney said China has become a more predictable partner to deal with than the U.S., the country’s neighbor and longtime ally.

    “Our relationship has progressed in recent months with China. It is more predictable and you see results coming from that,” Carney said.

    Carney hasn’t been able to reach a deal with President Trump to reduce some tariffs that are punishing some key sectors of the Canadian economy and Mr. Trump has previously talked about making Canada the 51st state.

    The prime minister, speaking outside against the backdrop of a traditional pavilion and a frozen pond at a Beijing park, said meetings in China have been historic and productive.

    Earlier Friday, he and Chinese leader Xi Jinping pledged to improve relations between their two nations after years of acrimony.

    Xi told Carney in a meeting at the Great Hall of the People that he is willing to continue working to improve ties, noting that talks have been underway on restoring and restarting cooperation since the two held an initial meeting in October on the sidelines of a regional economic conference in South Korea.

    “It can be said that our meeting last year opened a new chapter in turning China-Canada relations toward improvement,” China’s top leader said.

    Chinese President Xi Jinping meets with Canadian Prime Minister Mark Carney at the Great Hall of the People in Beijing, Jan. 16, 2026.

    Xie Huanchi/Xinhua via Getty Images


    Carney looks to improve global governance

    Carney, the first Canadian prime minister to visit China in eight years, told Xi that better relations would help improve a global governance system that he described as “under great strain.”

    Later, he said at the news conference that the system may give way at least in part to country-to-country or regional agreements rather than the global ones that have underpinned economic growth in the post-World War II era.

    “The question is: What gets built in that place? How much of a patchwork is it?” he said.

    The new reality reflects in large part the so-called America-first approach of Mr. Trump. The tariffs he has imposed have hit both the Canadian and Chinese economies. Carney, who has met with several leading Chinese companies in Beijing, said ahead of his trip that his government is focused on building an economy less reliant on the U.S. at what he called “a time of global trade disruption.”

    A Canadian business owner in China called Carney’s visit game-changing, saying it re-establishes dialogue, respect and a framework between the two nations.

    “These three things we didn’t have,” said Jacob Cooke, the CEO of WPIC Marketing + Technologies, which helps exporters navigate the Chinese market. “The parties were not talking for years.”

    Canada had been aligned with U.S. on tariffs

    Canada had followed the U.S. in putting tariffs of 100% on EVs from China and 25% on steel and aluminum under former Prime Minister Justin Trudeau, Carney’s predecessor.

    China responded by imposing duties of 100% on Canadian canola oil and meal and 25% on pork and seafood. It added a 75.8% tariff on canola seeds last August. Collectively, the import taxes effectively closed the Chinese market to Canadian canola, an industry group has said. Overall, China’s imports from Canada fell 10.4% last year to $41.7 billion, according to Chinese trade data.

    Carney tried to address the concerns of Canadian automakers and autoworkers by saying the initial cap on Chinese EV imports was about 3% of the 1.8 million vehicles sold in Canada annually and that, in exchange, China is expected to begin investing in the Canadian auto industry within three years.

    More than half of the Chinese EVs exported to Canada would have an import price of less than 35,000 Canadian dollars ($25,000) within five years, he said, making them accessible to consumers.

    “We’re building (a) new part of our car industry, building cars of the future in partnership, bringing affordable autos for Canadians at a time when affordability is top of mind, and doing it at a scale that allows for a smooth transition in the sector,” he said.

    “For the exchange of a small piece of the Canadian market, we have a commitment. We are waiting for an investment commitment in Canada. The real leaders of the new industry. So it’s an agreement that will create the future for our industry.”

    China sees an opening under Trump

    China is hoping Mr. Trump’s pressure tactics on allies such as Canada will drive them to pursue a foreign policy that is less aligned with the United States.

    Carney, though, noted Canada’s relationship with the U.S. is much more multifaceted, deeper and broader. Canada and China have different systems and disagree on issues such as human rights, he said, limiting the scope of their engagement even as they seek ways to cooperate on areas of common interest.

    The Canadian leader leaves China on Saturday and visits Qatar on Sunday before attending the annual gathering of the World Economic Forum in Switzerland next week. He will meet business leaders and investors in Qatar to promote trade and investment, his office said.

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  • Trump claims all the U.S. automakers are ‘doing great.’ Gretchen Whitmer says ‘this will only get worse without a serious shift’ | Fortune

    Michigan Gov. Gretchen Whitmer offered a contrasting view of manufacturing in Detroit Thursday, two days after President Donald Trump defended his tariff strategy in the Motor City.

    Whitmer, a term-limited Democrat who is in her last year as governor, said in a speech at the Detroit Auto Show that the administration’s tariff strategy has hurt American auto manufacturing and is benefiting Chinese competitors. It’s a message she has repeated over the past year as economic uncertainty has rippled across the automobile sector.

    “This will only get worse without a serious shift in national policy,” Whitmer said.

    Her remarks followed Trump’s speech defending his economic policy Tuesday in Detroit, a major hub of automobile manufacturing. He also toured the factory floor of a Ford plant in Dearborn.

    “All U.S. automakers are doing great,” Trump said.

    Whitmer offered a differing picture of the impact, saying that American manufacturing has contracted for months leading to job loss and production cuts. She has remained firmly opposed to Trump’s tariff strategy since last year, especially as her state partners closely with Canadian business. Automobile parts often cross the U.S.-Canadian border several times in the assembly process.

    “America stands more alone than she has in decades,” Whitmer said. “And perhaps no industry has seen more change and been more impacted than our auto industry.”

    The White House did not immediately respond to a request for comment on Whitmer’s speech.

    Whitmer has kept a more cordial relationship with Trump in his second term compared to his first. The relationship included a few White House visits last year. Long considered a possible Democratic candidate for president, Whitmer’s strategy is notably different than other potential 2028 names who have take more public, combative approaches to Trump, including California Gov. Gavin Newsom and Illinois Gov. J.B. Pritzker.

    In her address, her first of the year, Whitmer said every time she has met with Trump this past year, she has told him that hurting the U.S.-Canadian relationship only helps Chinese competition.

    Trump changed his tune when it comes to automobiles in the last year. He originally announced a 25% tariff on automobiles and parts only to later relax the policy as domestic manufactures sought relief from the threat of rising production costs.

    On his tour in the Detroit area, Trump suggested the United States-Mexico-Canada Agreement, a major trade agreement he negotiated in his first term, was irrelevant, although he provided few other details The UMCA is up for review this year.

    Whitmer defended the trade agreement in her speech.

    “When we fight our neighbors, however, China wins,” she said.

    Isabella Volmert, The Associated Press

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  • The EU Is Considering Lifting Tariffs on Chinese Electric Vehicles

    Just over a year ago, the European Union imposed punitive tariffs on Chinese electric vehicles. The reason was the EU’s position that Chinese EV manufacturers have an unfair advantage over the European automotive industry due to large state subsidies.

    For some manufacturers, the tariffs reached as much as 35.3% of the vehicle’s value. China strongly criticized these measures, claiming that no such subsidies existed.

    Ongoing Negotiations Between China and the EU

    Photo Courtesy: Byd.

    Since the introduction of the tariffs, China and the EU have been engaged in negotiations to resolve the dispute. As reported by ABC News, a compromise path forward has now been found.

    In a new EU policy document, it is outlined how Chinese manufacturers could agree to specific pricing commitments, including setting minimum import prices as an alternative to high tariffs.

    WTO Compliance and Investment Considerations

    Chery Arrizo 8
    Photo Courtesy: Chery.

    The EU emphasizes that any pricing agreement will be assessed objectively, fairly, and without discrimination, in accordance with World Trade Organization (WTO) rules, and that the investment plans of Chinese manufacturers within the European Union will also be taken into account.

    China’s Ministry of Commerce welcomed this development in an official statement, saying that it strengthens economic relations and the rules-based international trading system.

    This article originally appeared on Autorepublika.com and has been republished with permission by Guessing Headlights. AI-assisted translation was used, followed by human editing and review.

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  • “Are You Dead,” viral Chinese app, changing its name

    The Chinese mobile app “Are You Dead?” which sounds an alarm if a user doesn’t check in every 48 hours, has announced it will drop its catchy name, after it drew international media attention.

    It rose to the top of paid app rankings on Apple’s App Store in China, prompting widespread media coverage among Chinese and foreign press.

    In this photo illustration, the Demumu application is shown ranked first on the China Apple App Store paid apps chart on an Apple iPhone on Jan. 13, 2026, in Chongqing, China.

    Photo illustration by Cheng Xin / Getty Images


    The app, whose name “Sileme” in Mandarin translates to “Are you dead?” enables people living alone to register the name and email address of someone to contact in an emergency.

    If the user doesn’t check in regularly on the app, the system automatically sends an alert to the emergency contact warning of a possible problem.

    “After extensive consideration, the ‘Sileme’ app will officially adopt the global brand name ‘Demumu’ in its forthcoming new release,” the company said in a statement Tuesday evening.

    It said the app has “experienced explosive growth overseas” since the publication of an article by British broadcaster BBC. Other foreign media outlets, including AFP, also covered the app’s success.

    “Demumu” was already the name of the international version of the app, and “Are You Dead?” the Chinese version’s.

    “Moving forward, Demumu will remain steadfast in its founding mission of safeguarding safety, bringing China-originated protection solutions to the world and serving more solitary individuals globally,” the company’s statement added.

    Users expressed surprise online at the rebranding, although its blunt name had divided public opinion.

    “Don’t you think your virality is precisely due to your name? Without it, no one would have installed this app, except in cases of absolute emergency,” said one Weibo user.

    “With this new name, it loses its flavor,” another added.

    The name “Sileme” was a play on the name of a popular food delivery app, “Eleme.”

    In 2024, people who lived alone accounted for around one-fifth of all Chinese households, compared to 15 percent a decade earlier, official data shows.

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  • Crane falls onto moving train in Thailand, killing at least 29 in fiery derailment

    Bangkok — A construction crane fell onto a moving passenger train, causing a fiery derailment that killed at least 22 people Wednesday in northeastern Thailand, authorities said. Another 64 people were injured and rescuers were still searching the wreckage and giving first aid.

    The derailment occurred on part of an ambitious planned high-speed rail project that will eventually connect China with much of Southeast Asia.

    The crane, which was being used to build an elevated part of the railway, fell as the train was traveling from Bangkok to Ubon Ratchathani province, according to the public relations office for Nakhon Ratchasima province, where the accident occurred some 143 miles northeast of Bangkok.

    Photos published in Thai media showed plumes of white, then dark smoke above the scene and construction equipment hanging down from between two concrete support pillars.

    This photo released by Thailand’s Ministry of Transport shows the scene after a construction crane fell onto a passenger train in Nakhon Ratchasima province, Thailand on Jan. 14, 2026.

    Ministry of Transport via AP


    Rescue workers stood on top of overturned railway carriages, some of them with gaping holes torn on their sides, video from public broadcaster ThaiPBS showed. What appeared to be sections of the crane were scattered along the track.

    Thai media reported the train had three carriages, the last two being the most heavily damaged.

    Thailand Train Accident

    The wreckage after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, on Jan. 14, 2026.

    Nathathida Adireksarn / AP


    Transport Minister Piphat Ratchakitprakan said 195 people were on board the train. He said he ordered an investigation.

    Area resident Mitr Intrpanya, 54, told French news agency AFP she “heard a loud noise, like something sliding down from above, followed by two explosions. When I went to see what had happened, I found the crane sitting on a passenger train with three carriages. The metal from the crane appeared to strike the middle of the second carriage, slicing it in half.”

    Thailand Train Accident

    Aid workers at the scene after a construction crane fell onto a passenger train in Nakhon Ratchasima province, Thailand, on Jan. 14, 2026.

    Nathathida Adireksarn / AP


    The elevated segment that collapsed is a part of a Thai-Chinese high-speed railway project linking Bangkok, Thailand’s capital to the northeastern province of Nong Khai, bordering Laos. The two-stage rail project has a total cost of more than 520 billion baht ($16.8 billion) and is associated with an ambitious plan to connect China with Southeast Asia under Beijing’s Belt and Road Initiative.

    In August 2024, a railway tunnel on the planned route, also in Nakhon Ratchasima, collapsed, killing three workers. Days of heavy rainfall were believed to have been a factor in the collapse.

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  • General Motors CEO Mary Barra on adjusting to

    As General Motors settles into its new Detroit headquarters, the automotive industry is facing challenging times as it contends with rising costs, shifting tariff policies and a fledgling electric vehicle market. GM CEO Mary Barra tells CBS News that, despite those challenges, “I think we’re on a good path” and she is optimistic about the future of her company and the U.S. economy.

    The market for electric vehicles hasn’t quite taken off in the U.S. just yet. Barra told “CBS Evening News” anchor Tony Dokoupil Tuesday that GM is “still committed” to EVs, but thinks a major issue is that the industry was “getting a little ahead of the consumer.” 

    “A vehicle is such a big purchase for a consumer,” she said. “For many of them, it’s the most expensive thing that they buy.” 

    “I think we’re on a good path. I think as there’s more charging infrastructure, as we continue to get the cost of batteries down, I think consumers will pick an electric vehicle, because they’re better,” Barra predicted.

    Asked why the U.S. seems to be unable to compete with China in terms of making affordable electric vehicles, Barra said, “I believe at GM we are.”

    She said U.S. safety standards and other regulatory requirements are higher than they are in China and that China’s auto industry is “heavily subsidized.” 

    “I think we can compete and have a better vehicle, and I think we’re doing that,” she said.

    But the cost of a new vehicle has continued to rise in recent years, and the Trump administration’s aggressive tariff policy has also added to that, Barra said.

    “It had a few-billion-dollar impact last year,” she said of those tariffs. But, she noted, it led to GM making changes, including bringing more production to the U.S., and praised the administration for making “the playing field…a bit more level” for U.S. manufacturers.

    “We worked with the administration and they took the time to understand our industry to make sure there wasn’t unintended consequences so that we could still compete with some of the vehicles coming from other countries,” Barra said. “I think it was a shift that we’re working through to get back. But I think ’26 will be an even better year than ’25, and I think the playing field is a bit more level than it was just, you know, 18 months ago.”

    But consumer sentiment in the U.S. remains pessimistic, polling has shown, and the auto industry is often seen as a bellwether for the larger economy. Barra, however, said of a shaky year for GM and the economy, “we really aren’t seeing it. 

    “We think the market’s gonna be about the same as it was last year,” she told CBS News.

    Barra touted the “tremendous number of vehicles” that GM makes in the U.S., and when asked what it truly means for something to be “American-made” — considering many of the parts are often sourced from overseas — she said “it starts with where the vehicle is designed. Where all the engineering is done.”

    Barra also said more than half of GM’s vehicles are assembled in the U.S. and that a majority of the components are sourced from America. She also said GM is continuing its efforts to fill job positions in the U.S.

    “One of the things we do is we work with the military, and as people are ending their service to our country, putting them in a training program so they can then work in our dealerships,” Barra said. She also said GM has a “very robust apprenticeship program” for its factory workers. 

    Asked about concerns workers may have about automation, Barry said GM has been using robotic assistance to help build its vehicles for decades. 

    “We focus on jobs that are either repetitive and maybe have ergonomic issues, so people get hurt doing them, so we focus on safety and we focus on ergonomics,” Barra said. “We also focus on, there’s certain jobs that people don’t want to do. We focus on that, and we look at how do we make each of our team members more efficient.”

    She also noted there are some instances in which “the precision of the job requires automation.”

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  • Macau Casino Workers Treated With One-Month Bonuses

    Posted on: January 11, 2026, 11:18h. 

    Last updated on: January 11, 2026, 11:18h.

    • Five of the six casino operators in Macau have announced annual bonuses
    • The one-time payments are for non-executive workers
    • Macau enjoyed its best year since the pandemic in 2025

    Macau casinos enjoyed a prosperous 2025, and the six gaming companies are sharing the riches with the people who made it all possible.

    Macau casino workers bonuses China
    SJM Resorts’ Casino Lisboa is pictured in downtown Macau with Wynn Macau in the background. Casino employees at five of the six Macau casino companies have been confirmed for annual bonuses equal to one month’s pay. Sands is expected to join the handful in announcing bonuses this week. (Image: Getty)

    As is customary in January following strong gaming years, most of Macau’s casino concessions have announced significant bonuses for non-executive workers.

    Galaxy Entertainment said its one-month discretionary bonus covers about 97% of the company’s staff, with all positions from senior manager and below eligible. Melco Resorts said its one-month bonus would be paid to all “non-management” employees in Macau and Hong Kong, but did not specify what percentage of its workforce would be entitled to the special payments. MGM China said 97% of its staff in China would be paid a bonus equivalent to the employee’s salary for one month.

    Wynn Macau confirmed it’s distributing a “special allowance” equal to one month’s gross salary, with the bonus celebrating the company’s 20th anniversary in the Chinese Special Administrative Region. Wynn said 98% of its 11,552-person workforce qualified for the dividend.

    On Sunday, SJM Resorts said it too would issue a one-month bonus to non-executive employees. Sands China is the lone concession not to yet announce a bonus, but is expected to in the coming days.

    2025 Recovery

    2025 was the best year yet in the COVID-19 aftermath for Macau’s gaming industry, which is the world’s largest casino market. The six casino operators generated gross gaming revenue (GGR) of almost $30.9 billion, more than double the size of the Las Vegas Strip.

    The $30.9 billion haul represented a 9.1% increase on 2024 and was 36% higher than 2023, when Macau casino revenue totaled $22.7 billion. 2025 exceeded expectations, as the casinos successfully redirected their focus from the high rollers, who had largely disappeared with the eradication of VIP junket groups, to the premium mass player and the general public.

    Premium mass players still bet hundreds of US dollars per baccarat hand, with some wagering four digits per deal. While the true high rollers who bet thousands and tens of thousands of dollars per hand in private junket rooms are generally no more, the casinos say the need to offer fewer perks and comps to premium players has led to them being more profitable.

    Record Visitation  

    The pivot to a wider market was proven with the disclosure of the 2025 visitor arrivals numbers. Macau’s Public Security Police, which handles border entries, reports that more than 40 million visitors made their way into the enclave last year.

    The tally, officially 40.06 million, easily broke Macau’s previous best travel year of 39.41 million visitors set in 2019. The 2025 visitor mark represented a 14.7% surge on 2024, when 34.94 million entries were counted.

    Devin O’Connor

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  • Donald Trump Says ‘I Don’t Need International Law’ In Quest For World Dominance: ‘Only’ THIS ‘Can Stop Me’ – Perez Hilton

    Well, this is concerning…

    Donald Trump is once again serving up a quote that sounds less like a presidential soundbite and more like a rejected line from a supervillain origin movie. And yes, it’s as alarming as it is headline-ready.

    Related: Jimmy Kimmel THANKS Donald Trump?! Whoa!

    In a new interview with the New York Times that has everyone clutching their pearls, Trump made it clear that pesky little things like international laws, rules, and norms are more of a suggestion than an actual obstacle. When discussing his ever-expanding vision for American dominance on Thursday, he casually dropped this gem:

    “I don’t need international law. I’m not looking to hurt people.”

    Oh, okay! If you say so! Nothing says reassuring like dismissing international law in the same breath as claiming you’ll only have benevolent intentions… Yeah, tell that to the multiple civilians who’ve been killed of late..

    When the Times tried to gently nudge him back toward reality by pointing out that, yes, laws do apply, Trump doubled down with a rhetorical shrug that could be heard around the globe:

    “It depends what your definition of international law is.”

    WHAT?!

    Because definitions are so subjective, right? Gravity, laws, facts: all vibes-based, apparently. Sheesh…

    But wait, it gets better. According to Trump, there is exactly one thing holding him back from full-on global supremacy. And no, it’s not Congress, the courts, or literally the rest of the world. It’s this:

    “My own morality. My own mind. It’s the only thing that can stop me.”

    Take a moment, y’all. Breathe. Scream into a pillow if needed.

    This interview lands just days after US forces under Trump’s direction seized Venezuelan President Nicolás Maduro and first lady Cilia Flores during strikes on the city of Caracas before shipping them off to face narco terrorism charges. Venezuela may have an interim leader now, but Trump has been boasting America is basically running the show.

    Related: Trump Makes Rare Melania Marriage Confession — Reveals What She ‘Hates’ About Him!

    And why stop there? Greenland is still on his wishlist, too. To that end, Trump explained to the Times on Thursday that being allies with Denmark simply isn’t enough. He wants full ownership of the land mass. In his own words:

    “Because that’s what I feel is psychologically needed for success. I think that ownership gives you a thing that you can’t do with, you’re talking about a lease or a treaty. Ownership gives you things and elements that you can’t get from just signing a document.”

    Add this to past musings about Colombia, Cuba, Iran, and Mexico, and suddenly this feels less like foreign policy and more like a Monopoly board where someone flipped the table.

    Buckle up, y’all. Apparently the only thing between us and Trump’s global takeover is… Trump. Yikes.

    [Image via MEGA/WENN]

    Perez Hilton

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  • Trump says the US ‘needs’ Greenland for Arctic security. Here’s why

    Location, location, location: Greenland’s key position above the Arctic Circle makes the world’s largest island a key part of security strategy in the High North. But for whom?Increasing international tensions, global warming and the changing world economy have put Greenland at the heart of the debate over global trade and security, and U.S. President Donald Trump wants to make sure his country controls this mineral-rich country that guards the Arctic and North Atlantic approaches to North America.Greenland is a self-governing territory of Denmark, a longtime U.S. ally that has rejected Trump’s overtures. Greenland’s own government also opposes U.S. designs on the island, saying the people of Greenland will decide their own future. The island, 80% of which lies above the Arctic Circle, is home to about 56,000 mostly Inuit people who until now have been largely ignored by the rest of the world.Here’s why Greenland is strategically important to Arctic security: Greenland sits off the northeastern coast of Canada, with more than two-thirds of its territory lying within the Arctic Circle. That has made it crucial to the defense of North America since World War II, when the U.S. occupied Greenland to ensure it didn’t fall into the hands of Nazi Germany and to protect crucial North Atlantic shipping lanes.Following the Cold War, the Arctic was largely an area of international cooperation. But climate change is thinning the Arctic ice, promising to create a northwest passage for international trade and reigniting competition with Russia, China and other countries over access to the region’s mineral resources.Video below: Stephen Miller says ‘obviously Greenland should be part of the United States’ Greenland is also a rich source of the so-called rare earth minerals that are a key component of mobile phones, computers, batteries and other gadgets that are expected to power the world’s economy in the coming decades.That has attracted the interest of the U.S. and other Western powers as they try to ease China’s dominance of the market for these critical minerals.Development of Greenland’s mineral resources is challenging because of the island’s harsh climate, while strict environmental controls have proved an additional bulwark against potential investors. The U.S. Department of Defense operates the remote Pituffik Space Base in northwestern Greenland, which was built after the U.S. and Denmark signed the Defense of Greenland Treaty in 1951. It supports missile warning, missile defense and space surveillance operations for the U.S. and NATO.Greenland also guards part of what is known as the GIUK (Greenland, Iceland, United Kingdom) Gap, where NATO monitors Russian naval movements in the North Atlantic. Denmark is moving to strengthen its military presence around Greenland and in the wider North Atlantic. Last year, the government announced a roughly 14.6 billion kroner ($2.3 billion) agreement with parties including the governments of Greenland and the Faroe Islands, another self-governing territory of Denmark, to “improve capabilities for surveillance and maintaining sovereignty in the region.” The plan includes three new Arctic naval vessels, two additional long-range surveillance drones and satellite capacity.Denmark’s Joint Arctic Command is headquartered in Greenland’s capital, Nuuk, and tasked with the “surveillance, assertion of sovereignty and military defense of Greenland and the Faroe Islands,” according to its website. It has smaller satellite stations across the island.The Sirius Dog Sled Patrol, an elite Danish naval unit that conducts long-range reconnaissance and enforces Danish sovereignty in the Arctic wilderness, is also stationed in Greenland. In 2018, China declared itself a “near-Arctic state” in an effort to gain more influence in the region. China has also announced plans to build a “Polar Silk Road” as part of its global Belt and Road Initiative, which has created economic links with countries around the world.Then-U.S. Secretary of State Mike Pompeo rejected China’s move, saying: “Do we want the Arctic Ocean to transform into a new South China Sea, fraught with militarization and competing territorial claims?”Meanwhile, Russian President Vladimir Putin has said Russia is worried about NATO’s activities in the Arctic and will respond by strengthening its military capability in the polar region. European leaders’ concerns were heightened following Russia’s full-scale invasion of Ukraine in 2022. Stefanie Dazio in Berlin contributed to this report.

    Location, location, location: Greenland’s key position above the Arctic Circle makes the world’s largest island a key part of security strategy in the High North. But for whom?

    Increasing international tensions, global warming and the changing world economy have put Greenland at the heart of the debate over global trade and security, and U.S. President Donald Trump wants to make sure his country controls this mineral-rich country that guards the Arctic and North Atlantic approaches to North America.

    Greenland is a self-governing territory of Denmark, a longtime U.S. ally that has rejected Trump’s overtures. Greenland’s own government also opposes U.S. designs on the island, saying the people of Greenland will decide their own future.

    The island, 80% of which lies above the Arctic Circle, is home to about 56,000 mostly Inuit people who until now have been largely ignored by the rest of the world.

    Here’s why Greenland is strategically important to Arctic security:

    Greenland sits off the northeastern coast of Canada, with more than two-thirds of its territory lying within the Arctic Circle. That has made it crucial to the defense of North America since World War II, when the U.S. occupied Greenland to ensure it didn’t fall into the hands of Nazi Germany and to protect crucial North Atlantic shipping lanes.

    Following the Cold War, the Arctic was largely an area of international cooperation. But climate change is thinning the Arctic ice, promising to create a northwest passage for international trade and reigniting competition with Russia, China and other countries over access to the region’s mineral resources.

    Video below: Stephen Miller says ‘obviously Greenland should be part of the United States’


    Greenland is also a rich source of the so-called rare earth minerals that are a key component of mobile phones, computers, batteries and other gadgets that are expected to power the world’s economy in the coming decades.

    That has attracted the interest of the U.S. and other Western powers as they try to ease China’s dominance of the market for these critical minerals.

    Development of Greenland’s mineral resources is challenging because of the island’s harsh climate, while strict environmental controls have proved an additional bulwark against potential investors.

    The U.S. Department of Defense operates the remote Pituffik Space Base in northwestern Greenland, which was built after the U.S. and Denmark signed the Defense of Greenland Treaty in 1951. It supports missile warning, missile defense and space surveillance operations for the U.S. and NATO.

    Greenland also guards part of what is known as the GIUK (Greenland, Iceland, United Kingdom) Gap, where NATO monitors Russian naval movements in the North Atlantic.

    Denmark is moving to strengthen its military presence around Greenland and in the wider North Atlantic. Last year, the government announced a roughly 14.6 billion kroner ($2.3 billion) agreement with parties including the governments of Greenland and the Faroe Islands, another self-governing territory of Denmark, to “improve capabilities for surveillance and maintaining sovereignty in the region.”

    The plan includes three new Arctic naval vessels, two additional long-range surveillance drones and satellite capacity.

    Denmark’s Joint Arctic Command is headquartered in Greenland’s capital, Nuuk, and tasked with the “surveillance, assertion of sovereignty and military defense of Greenland and the Faroe Islands,” according to its website. It has smaller satellite stations across the island.

    The Sirius Dog Sled Patrol, an elite Danish naval unit that conducts long-range reconnaissance and enforces Danish sovereignty in the Arctic wilderness, is also stationed in Greenland.

    In 2018, China declared itself a “near-Arctic state” in an effort to gain more influence in the region. China has also announced plans to build a “Polar Silk Road” as part of its global Belt and Road Initiative, which has created economic links with countries around the world.

    Then-U.S. Secretary of State Mike Pompeo rejected China’s move, saying: “Do we want the Arctic Ocean to transform into a new South China Sea, fraught with militarization and competing territorial claims?”

    Meanwhile, Russian President Vladimir Putin has said Russia is worried about NATO’s activities in the Arctic and will respond by strengthening its military capability in the polar region. European leaders’ concerns were heightened following Russia’s full-scale invasion of Ukraine in 2022.

    Stefanie Dazio in Berlin contributed to this report.

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  • North Korea test-launches hypersonic missile system in front of Kim, nation says

    NEWYou can now listen to Fox News articles!

    North Korean leader Kim Jong Un oversaw test-flights of hypersonic missiles and called for a stronger nuclear war deterrent, state media said Monday, as Pyongyang ramps up weapons displays ahead of a major political conference.

    North Korea’s state-run Korean Central News Agency said Sunday’s drill involving a hypersonic weapon system was designed to test combat readiness, sharpen missile troops’ operational skills and assess the country’s overall war deterrent.

    “Through today’s launching drill, we can confirm that a very important technology task for national defense has been carried out,” Kim said, according to KCNA. “We must continuously upgrade the military means, especially offensive weapon systems.”

    The announcement came a day after South Korea and Japan said they detected multiple North Korean missile launches, which they condemned as provocations. The tests also took place just hours before South Korean President Lee Jae Myung departed for China to meet with President Xi Jinping.

    HEGSETH APPLAUDS SOUTH KOREA’S PLAN TO TAKE LARGER ROLE IN DEFENSE AGAINST NORTH KOREAN AGGRESSION

    In this photo provided by the North Korean government, leader Kim Jong Un, center, inspects test-flights of hypersonic missiles, in Pyongyang, North Korea, Sunday, Jan. 4, 2026. (Korean Central News Agency/Korea News Service via AP)

    If fully operational, a hypersonic missile would give North Korea the ability to evade U.S. and South Korean missile defense systems. While Pyongyang has conducted a series of hypersonic tests in recent years, many foreign experts remain skeptical that the weapons have achieved the necessary speed and maneuverability.

    Kim Jong Un walking on road with military members

    In this photo provided by the North Korean government, leader Kim Jong Un walks on a road as he inspects test-flights of hypersonic missiles, in Pyongyang, North Korea, Sunday, Jan. 4, 2026. (Korean Central News Agency/Korea News Service via AP)

    The latest tests follow recent launches of what North Korea described as long-range strategic cruise missiles and new anti-air systems, along with state-released images showing progress on what it claims is its first nuclear-powered submarine.

    Experts say the regime is showcasing its weapons advancements ahead of the ruling Workers’ Party congress, its first in five years. The meeting is expected to review military achievements and could signal whether Kim plans to shift his approach toward the U.S. or revive long-stalled nuclear talks.

    NORTH KOREA FIRES BALLISTIC MISSILE DAYS AFTER HEGSETH WRAPS SOUTH KOREA VISIT

    North Korea’s nuclear program is also expected to be discussed during the summit between Lee and Xi. Lee’s office said the South Korean president plans to urge China — Pyongyang’s main ally and economic lifeline — to play “a constructive role” in easing tensions on the Korean Peninsula.

    South Korean President Lee Jae Myung walking with wife, Kim Hea Kyung

    South Korean President Lee Jae Myung, center left, and his wife Kim Hea Kyung arrive to depart for China at the Seoul airport in Seongnam, South Korea, Sunday, Jan. 4, 2026. (AP Photo/Lee Jin-man)

    Defending his push for nuclear expansion, Kim cited growing global instability. 

    “Why it is necessary is exemplified by the recent geopolitical crisis and complicated international events,” he said.

    The missile launches followed Saturday’s dramatic U.S. military operation that removed Venezuelan strongman Nicolás Maduro from power and brought him to the U.S. to face narco-terrorism conspiracy charges. North Korea condemned the operation, calling it further proof of what it described as “the rogue and brutal nature of the U.S.”

    CLICK HERE TO DOWNLOAD THE FOX NEWS APP

    Analysts say the move is likely to reinforce Kim’s push to expand North Korea’s nuclear arsenal, which he views as essential to regime survival and national sovereignty in the face of what Pyongyang sees as U.S.-led hostility.

    The Associated Press contributed to this report.

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  • This China Tech Stock Just Became a Fund’s Top Holding With a $33 Million Buy

    • Hong Kong-based Bright Valley Capital initiated a new stake in YMM, buying up 2.57 million shares in the third quarter.

    • The position was worth about $33.36 million at quarter-end.

    • YMM position represents 19.75% of Bright Valley’s 13F reportable assets under management (AUM).

    • These 10 stocks could mint the next wave of millionaires ›

    Hong Kong-based Bright Valley Capital established a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM), adding 2.57 million shares valued at approximately $33.36 million, according to a November 13 SEC filing.

    According to a Securities and Exchange Commission (SEC) filing dated November 13, Bright Valley Capital disclosed a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) totaling 2.57 million shares. The stake was valued at $33.36 million as of September 30 and was not present in the previous quarterly filing.

    The new position now comprises 19.75% of the fund’s reportable U.S. equity AUM.

    Top holdings after the filing:

    • NYSE: YMM: $33.36 million (26.37% of AUM)

    • NASDAQ: HTHT: $31.01 million (24.52% of AUM)

    • NASDAQ: LX: $19.07 million (15.08% of AUM)

    • NASDAQ: JOYY: $14.95 million (11.82% of AUM)

    • NASDAQ: DOYU: $8.33 million (6.58% of AUM)

    As of Friday, shares of YMM were priced at $11.25, up about 4% over the past year and underperforming the S&P 500’s roughly 17% gain in the same period.

    Metric

    Value

    Price (as of Friday)

    $11.25

    Market Capitalization

    $11.77 billion

    Revenue (TTM)

    $1.71 billion

    Net Income (TTM)

    $588.99 million

    • Full Truck Alliance offers a digital freight platform providing freight listing, matching, brokerage, online transactions, and value-added services such as credit solutions, insurance, and electronic toll collection.

    • The company serves shippers and truckers across China, targeting enterprises and individual logistics providers seeking efficient freight connections.

    • It employs over 7,000 people and operates at scale within China’s technology-driven logistics sector.

    Full Truck Alliance Co. Ltd. operates at scale within China’s logistics sector, leveraging technology to connect shippers with truckers and streamline freight transactions.

    Allocating nearly one-fifth of a portfolio to a single position suggests Bright Valley believes the market is still mispricing the durability of the underlying business. Full Truck Alliance sits at the center of China’s logistics economy, where scale and network effects compound quietly rather than explosively. In the third quarter, the company grew revenue 10.8% year over year to $471.7 million while fulfilled orders jumped more than 22%, a reminder that usage growth continues to outpace headline sales growth.

    What makes the story more interesting is where that growth is coming from. Transaction services revenue surged 39% year over year, and value added services rose nearly 17%, pushing the platform further away from simple freight listings and deeper into monetized infrastructure. At the same time, the balance sheet remains a strength, with $4.4 billion in cash and investments and consistent operating cash flow generation.

    Within the broader portfolio, this position sits alongside other China internet and platform names, reinforcing that this is a thematic bet on digital marketplaces rather than a one-off trade. The stock has lagged the broader market, but for patient investors, scale, profitability, and cash can bode well.

    Position: An investment or holding of a particular security or asset within a portfolio.
    Assets Under Management (AUM): The total market value of investments that a fund or manager oversees on behalf of clients.
    13F Report: A quarterly filing by institutional investment managers disclosing their U.S. equity holdings to the SEC.
    Reportable Assets: Investments that must be disclosed in regulatory filings, typically U.S. publicly traded securities.
    Quarter-end: The last day of a fiscal quarter, often used as a reference point for financial reporting.
    Stake: The amount or percentage of ownership an investor holds in a company.
    Outperforming: Achieving a higher return compared to a specific benchmark or index over a given period.
    Digital Freight Platform: An online system that connects shippers and carriers to arrange and manage freight transportation.
    Brokerage: The service of arranging transactions between buyers and sellers, often for a commission.
    Value-added Services: Additional offerings beyond core services, such as credit, insurance, or toll solutions, to enhance customer value.
    TTM: The 12-month period ending with the most recent quarterly report.

    Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

    On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

    • Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $489,825!*

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    Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

    This China Tech Stock Just Became a Fund’s Top Holding With a $33 Million Buy was originally published by The Motley Fool

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  • Russia, China and Iran condemn U.S. action in Venezuela

    Russia, China and Iran have all publicly condemned the U.S. action in Venezuela. CBS News producer Leigh Kiniry has the latest.

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  • North Korea launches ballistic missiles hours before South Korean president’s trip to China

    North Korea launched multiple ballistic missiles toward its eastern waters Sunday, according to South Korean officials. The launches took place just hours before South Korea’s president left for China for talks expected to cover North Korea’s nuclear program.

    South Korea’s Joint Chiefs of Staff said in a statement it detected several ballistic missile launches from North Korea’s capital region around 7:50 a.m. It stated that the missiles flew approximately 560 miles and that South Korean and U.S. authorities were analyzing the details of the launches.

    The U.S. Indo-Pacific Command, a branch of the U.S. Armed Forces operating in that region, stated that there was no “immediate threat to U.S. personnel or territory, or to our allies.”

    “We are aware of the missile launches and are consulting closely with our allies and partners,” the command said in a statement. “Based on current assessments, this event does not pose an immediate threat to U.S. personnel or territory, or to our allies. The United States remains committed to the defense of the U.S. homeland and our allies in the region.”

    Meanwhile, South Korea’s Defense Ministry noted the launches violated U.N. Security Council resolutions that ban any ballistic activities by North Korea. It urged North Korea to cease provocative actions immediately and respond to South Korea’s push to restart talks and restore peace on the Korean Peninsula.

    Japanese Defense Minister Shinjiro Koizumi said that at least two missile launches by North Korea have been confirmed. “They are a serious problem, threatening the peace and security of our nation, the region and the world,” Koizumi told reporters.

    In this photo provided by the North Korean government, its leader Kim Jong Un, front right, visits a major munitions factory at an undisclosed place in North Korea Saturday, Jan. 3, 2026.

    Korean Central News Agency/Korea News Service via AP)


    The launches were the latest weapons demonstration by North Korea in recent weeks. Experts say North Korea is aiming to show off or review its achievements in the defense sector ahead of its upcoming ruling party congress, the first of its kind in five years. Observers are watching the Workers Party congress to see whether North Korea will set a new policy on the U.S. and resume long-stalled talks between the two countries.

    North Korea has been focusing on testing activities to enlarge its nuclear arsenal since its leader Kim Jong Un’s summitry with U.S. President Donald Trump fell apart in 2019. Kim has also boosted his diplomatic credentials by aligning with Russia over its war in Ukraine and tightening relations with China. Observers say Kim would believe his leverage has sharply increased to wrest concessions from Trump if they sit down for talks again.

    North Korea hasn’t announced when it will hold the congress, but South Korea’s spy service said it will likely occur in January or February.

    Sunday’s launches also came hours before South Korean President Lee Jae Myung departed for China for a summit with President Xi Jinping. During the four-day trip, Lee’s office said he would request China, North Korea’s major ally and biggest trading partner, to take “a constructive role” in efforts to promote peace on the Korean Peninsula.

    South Korea and the U.S. have long asked China to exercise its influence on North Korea to persuade it to return to talks or give up its nuclear program. But there are questions on how big of a leverage China has on its socialist neighbor. China, together with Russia, has also repeatedly blocked the U.S. and others’ attempts to toughen economic sanctions on North Korea in recent years.

    Later Sunday, South Korea convened an emergency national security council meeting to discuss the North Korean missile launches. The council reported details of the launches and unspecified South Korean steps to Lee, according to the presidential office.

    The launches followed Saturday’s dramatic U.S. military operation that ousted Venezuelan leader Nicolás Maduro from power and brought him to the U.S. to face narco-terrorism conspiracy charges. It represented America’s most assertive action to achieve regime change in a country since the nation’s 2003 invasion of Iraq.

    North Korea’s Foreign Ministry on Sunday slammed the U.S. operation, saying it again shows “the rogue and brutal nature of the U.S.” A ministry statement said it denounces the U.S. act as “the most serious form of encroachment of sovereignty.”

    “Kim Jong Un may feel vindicated about his efforts to build a nuclear deterrent, as he likely did after Trump’s strikes on Iran,” said Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul. “However, leaders of hostile regimes will probably live with greater paranoia after seeing how quickly Maduro was extracted from his country to stand trial in the United States.”

    The official Korean Central News Agency said Sunday Kim visited a weapons factory on Saturday to review multipurpose precision guided weapons produced there. KCNA cited Kim as ordering officials to expand the current production capacity by about 2.5 times.

    Last Sunday, North Korea test-fired what it called long-range strategic cruise missiles. On Dec. 25, North Korea released photos showing apparent progress in the construction of its first nuclear-powered submarine.

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  • South Korea says North Korea has launched a ballistic missile into the sea

    North Korea launched multiple ballistic missiles toward the sea Sunday, its neighbors said, just hours before South Korea’s president leaves for China for talks expected to cover North Korea’s nuclear program.South Korea’s Joint Chiefs of Staff said in a statement it detected several ballistic missile launches from North Korea’s capital region around 7:50 a.m. It said the missiles flew about 900 kilometers (560 miles) and that South Korea and U.S. authorities were analyzing details of the launches.Video above: Wildfires in South Korea destroyed an ancient Buddhist templeThe Joint Chiefs of Staff said that South Korea maintains a readiness to repel any provocations by North Korea and is closely exchanging information with the U.S. and Japan on the North’s missile launches.Japanese Defense Minister Shinjiro Koizumi said that at least two missile launches by North Korea have been confirmed. “They are a serious problem, threatening the peace and security of our nation, the region and the world,” Koizumi told reporters.North Korea ramps up weapons display ahead of political meetThe launches were the latest weapons demonstration by North Korea in recent weeks. Experts say North Korea is aiming to show off or review its achievements in the defense sector ahead of its upcoming ruling party congress, the first of its kind in five years. Observers are watching the Workers Party congress to see whether North Korea will set a new policy on the U.S. and respond to its calls to resume long-stalled talks.North Korea has been focusing on testing activities to enlarge its nuclear arsenal since its leader Kim Jong Un’s summitry with U.S. President Donald Trump fell apart in 2019. Kim has also boosted his diplomatic credentials by aligning with Russia over its war in Ukraine and tightening relations with China. Observers say Kim would believe his leverage has sharply increased to wrest concessions from Trump if they sit down for talks again.North Korea hasn’t announced when it will hold the congress, but South Korea’s spy service said it will likely occur in January or February.Launches comes before South Korean leader’s trip to ChinaSunday’s launches also came hours before South Korean President Lee Jae Myung departs for China for a summit with President Xi Jinping. During the four-day trip, Lee’s office said he would request China, North Korea’s major ally and biggest trading partner, to take “a constructive role” in efforts to promote peace on the Korean Peninsula.South Korea and the U.S. have long asked China to exercise its influence on North Korea to persuade it to return to talks or give up its nuclear program. But there are questions on how big of a leverage China has on its socialist neighbor. China, together with Russia, has also repeatedly blocked the U.S. and others’ attempts to toughen economic sanctions on North Korea in recent years.Later Sunday, South Korea convened an emergency national security council meeting where officials urged North Korea to stop ballistic missile launches, which violate U.N. Security Council resolutions. The council reported details of the launches and unspecified South Korean steps to Lee, according to the presidential office.North Korea hasn’t commented on US operation in VenezuelaThe launches followed Saturday’s dramatic U.S. military operation that ousted Venezuelan leader Nicolás Maduro from power and brought him to the U.S. to face narco-terrorism conspiracy charges. It represented America’s most assertive action to achieve regime change in a country since the nation’s 2003 invasion of Iraq.“Kim Jong Un may feel vindicated about his efforts to build a nuclear deterrent, as he likely did after Trump’s strikes on Iran,” said Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul. “However, leaders of hostile regimes will probably live with greater paranoia after seeing how quickly Maduro was extracted from his country to stand trial in the United States.”North Korea’s state media hasn’t commented on the U.S. operation.The official Korean Central News Agency said Sunday Kim visited a weapons factory on Saturday to review multipurpose precision guided weapons produced there. KCNA cited Kim as ordering officials to expand the current production capacity by about 2.5 times.Last Sunday, North Korea test-fired what it called long-range strategic cruise missiles. On Dec. 25, North Korea released photos showing apparent progress in the construction of its first nuclear-powered submarine.Associated Press writer Yuri Kageyama in Tokyo contributed to this report.

    North Korea launched multiple ballistic missiles toward the sea Sunday, its neighbors said, just hours before South Korea’s president leaves for China for talks expected to cover North Korea’s nuclear program.

    South Korea’s Joint Chiefs of Staff said in a statement it detected several ballistic missile launches from North Korea’s capital region around 7:50 a.m. It said the missiles flew about 900 kilometers (560 miles) and that South Korea and U.S. authorities were analyzing details of the launches.

    Video above: Wildfires in South Korea destroyed an ancient Buddhist temple

    The Joint Chiefs of Staff said that South Korea maintains a readiness to repel any provocations by North Korea and is closely exchanging information with the U.S. and Japan on the North’s missile launches.

    Japanese Defense Minister Shinjiro Koizumi said that at least two missile launches by North Korea have been confirmed. “They are a serious problem, threatening the peace and security of our nation, the region and the world,” Koizumi told reporters.

    North Korea ramps up weapons display ahead of political meet

    The launches were the latest weapons demonstration by North Korea in recent weeks. Experts say North Korea is aiming to show off or review its achievements in the defense sector ahead of its upcoming ruling party congress, the first of its kind in five years. Observers are watching the Workers Party congress to see whether North Korea will set a new policy on the U.S. and respond to its calls to resume long-stalled talks.

    North Korea has been focusing on testing activities to enlarge its nuclear arsenal since its leader Kim Jong Un’s summitry with U.S. President Donald Trump fell apart in 2019. Kim has also boosted his diplomatic credentials by aligning with Russia over its war in Ukraine and tightening relations with China. Observers say Kim would believe his leverage has sharply increased to wrest concessions from Trump if they sit down for talks again.

    North Korea hasn’t announced when it will hold the congress, but South Korea’s spy service said it will likely occur in January or February.

    Launches comes before South Korean leader’s trip to China

    Sunday’s launches also came hours before South Korean President Lee Jae Myung departs for China for a summit with President Xi Jinping. During the four-day trip, Lee’s office said he would request China, North Korea’s major ally and biggest trading partner, to take “a constructive role” in efforts to promote peace on the Korean Peninsula.

    South Korea and the U.S. have long asked China to exercise its influence on North Korea to persuade it to return to talks or give up its nuclear program. But there are questions on how big of a leverage China has on its socialist neighbor. China, together with Russia, has also repeatedly blocked the U.S. and others’ attempts to toughen economic sanctions on North Korea in recent years.

    Later Sunday, South Korea convened an emergency national security council meeting where officials urged North Korea to stop ballistic missile launches, which violate U.N. Security Council resolutions. The council reported details of the launches and unspecified South Korean steps to Lee, according to the presidential office.

    North Korea hasn’t commented on US operation in Venezuela

    The launches followed Saturday’s dramatic U.S. military operation that ousted Venezuelan leader Nicolás Maduro from power and brought him to the U.S. to face narco-terrorism conspiracy charges. It represented America’s most assertive action to achieve regime change in a country since the nation’s 2003 invasion of Iraq.

    “Kim Jong Un may feel vindicated about his efforts to build a nuclear deterrent, as he likely did after Trump’s strikes on Iran,” said Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul. “However, leaders of hostile regimes will probably live with greater paranoia after seeing how quickly Maduro was extracted from his country to stand trial in the United States.”

    North Korea’s state media hasn’t commented on the U.S. operation.

    The official Korean Central News Agency said Sunday Kim visited a weapons factory on Saturday to review multipurpose precision guided weapons produced there. KCNA cited Kim as ordering officials to expand the current production capacity by about 2.5 times.

    Last Sunday, North Korea test-fired what it called long-range strategic cruise missiles. On Dec. 25, North Korea released photos showing apparent progress in the construction of its first nuclear-powered submarine.

    Associated Press writer Yuri Kageyama in Tokyo contributed to this report.

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  • U.S. capture of Maduro in Venezuela criticized as violation of international, U.S. law

    President Trump’s decision to send U.S. forces into Venezuela to capture President Nicolás Maduro and his wife and return them to the U.S. to face drug charges elicited condemnation from legal experts and other critics who argued that the operation — conducted without congressional or United Nations approval — clearly violated U.S. and international law.

    Such criticism came from Democratic leaders, international allies and adversaries including Mexico, France, China and Russia, United Nations Secretary-General Antonio Guterres and experts on international law and wartime powers.

    “Nicolás Maduro was a thug and an illegitimate leader of Venezuela, terrorizing and oppressing its people for far too long and forcing many to leave the country. But starting a war to remove Maduro doesn’t just continue Donald Trump’s trampling of the Constitution, it further erodes America’s standing on the world stage and risks our adversaries mirroring this brazen illegal escalation,” Sen. Adam Schiff (D-Calif.) wrote on X.

    A U.N. spokesman said Guterres was “deeply alarmed” by the U.S. operation and “deeply concerned that the rules of international law have not been respected.”

    China’s foreign ministry said “such hegemonic acts of the U.S. seriously violate international law and Venezuela’s sovereignty,” while France’s foreign minister said the U.S. operation “contravenes the principle of the non-use of force that underpins international law.”

    Republicans largely backed the president, with both House Speaker Mike Johnson (R-La.) and Senate Majority Leader John Thune (R-S.D.) defending the operation as “decisive” and legally justified. However, other Republicans questioned Trump’s authority to act unilaterally, and raised similar concerns as Schiff about other world leaders citing Trump’s actions to justify their own aggression into neighboring nations.

    Rep. Don Bacon (R-Neb.) defended Trump’s actions as “great for the future of Venezuelans and the region,” but said he was concerned that “Russia will use this to justify their illegal and barbaric military actions against Ukraine, or China to justify an invasion of Taiwan.”

    Trump defended the operation as a legitimate law enforcement action necessary to combat threats to the U.S. from Maduro, whom he accused of sending violent gang members and deadly drugs across the U.S. border on a regular basis.

    “The illegitimate dictator Maduro was the kingpin of a vast criminal network responsible for trafficking colossal amounts of deadly and illicit drugs into the United States,” Trump said at a news conference. “As alleged in the indictment, he personally oversaw the vicious cartel known as Cartel de los Soles, which flooded our nation with lethal poison responsible for the deaths of countless Americans.”

    However, Trump also made no secret of his interest in Venezuela’s oil. He said U.S. officials would be running Venezuela for the foreseeable future and ensuring that the nation’s oil infrastructure is rebuilt — to return wealth to the Venezuelan people, but also to repay U.S. businesses that lost money when Maduro took over the industry.

    Atty. Gen. Pam Bondi announced that Maduro, who had previously been indicted in the U.S. in 2020, is now the subject of a superseding indictment charging him, his wife and several others with narco-terrorism conspiracy, cocaine importation conspiracy, possession of machine guns and destructive devices and conspiracy to possess such weapons and devices.

    “They will soon face the full wrath of American justice on American soil in American courts,” Bondi wrote on X.

    Secretary of State Marco Rubio also framed the operation as a law enforcement effort, and defended the lack of advance notice to Congress.

    “At its core, this was an arrest of two indicted fugitives of American justice, and the Department of War supported the Department of Justice in that job,” Rubio said. “It’s just not the kind of mission that you can pre-notify, because it endangers the mission.”

    Trump said Congress could not be notified in advance because “Congress will leak, and we don’t want leakers.”

    Michael Schmitt, an international law professor at the University of Reading in the United Kingdom and a professor emeritus of international law at the U.S. Naval War College, said Trump’s actions were a “clear violation” of international law.

    He said the U.S. had no authority from the U.N. Security Council to conduct military operations in Venezuela, nor any legitimate justification to act in self-defense against an armed attack — which drug trafficking does not amount to.

    Schmitt said the operation in Venezuela went far beyond a normal law enforcement action. But even if it were just a law enforcement action, he said, the U.S. would still lack legal authority under international law to engage in such activity on Venezuelan soil without the express permission of Venezuelan authorities — which it did not have.

    “International law is clear. Without consent, you cannot engage in investigations or arrest or seizure of criminal property on another state’s territory,” he said. “That’s a violation of that state’s sovereignty.”

    Because the operation was illegitimate from the start, the resulting occupation and interference in Venezuela’s oil industry are also unlawful, Schmitt said — regardless of whether the country’s nationalizing of U.S.-tied oil infrastructure was also unlawful, as some experts believe it was.

    “That unlawfulness — of seizing U.S. business interests, nationalizing them, in a way that was not in accordance with the required procedures — is not a basis for using force,” Schmitt said.

    Matthew Waxman, chair of the National Security Law Program at Columbia Law School, said that in the days ahead, he expects the Trump administration to try to justify its actions not just as a law enforcement operation, but “as part of a larger campaign to defend the United States against what it has characterized as an attack or invasion by Maduro-linked drug cartels.”

    “All modern presidents have claimed broad constitutional power to use military force without congressional authorization, but that is always hotly contested. We’ll see if there’s much pushback in Congress in this case, which will probably depend a lot on how things now play out in Venezuela,” Waxman said. “Look at what happened last year in Iran: The president claimed the power to bomb nuclear program infrastructure, and when the operation didn’t escalate, congressional opponents backed off.”

    Already on Saturday, some members of Congress were softening their initial skepticism.

    Within hours of posting on X that he was looking forward “to learning what, if anything, might constitutionally justify this action in the absence of a declaration of war or authorization for the use of military force,” Sen. Mike Lee (R-Utah) had posted again, saying Rubio told him that the military action was “to protect and defend those executing the arrest warrant” for Maduro.

    Such action “likely falls within the president’s inherent authority under Article II of the Constitution to protect U.S. personnel from an actual or imminent attack,” Lee added.

    Others remained more skeptical.

    Rep. Thomas Massie (R-Ky.) said Trump’s remarks about taking over the country and controlling its oil reserves did not seem “the least bit consistent” with Bondi’s characterization of the operation as a law enforcement effort.

    Kevin Rector

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  • U.S. says China’s military activities near Taiwan “increase tensions unnecessarily”

    Chinese war games around Taiwan “unnecessarily” spiked tensions in the region, the U.S. State Department said, calling on Beijing to “cease its military pressure.”

    “China’s military activities and rhetoric toward Taiwan and others in the region increase tensions unnecessarily,” Tommy Pigott, principal deputy spokesperson for the State Department, said in a statement Thursday. “We urge Beijing to exercise restraint, cease its military pressure against Taiwan, and instead engage in meaningful dialogue.”

    “The United States supports peace and stability across the Taiwan Strait and opposes unilateral changes to the status quo, including by force or coercion,” he added. 

    China claims that democratic Taiwan is part of its territory and has threatened to use force to annex it.  

    On Monday and Tuesday, Beijing launched missiles and deployed dozens of fighter jets, navy ships and coastguard vessels to encircle Taiwan’s main island, saying the drills — code-named “Justice Mission 2025” — simulated a blockade of main Taiwanese ports.

    Taipei condemned the exercises as “highly provocative.”

    Chinese ships patrol as the People’s Liberation Army (PLA) conduct military drills on Pingtan island, in eastern China’s Fujian province, the closest point to Taiwan, on Dec. 30, 2025. 

    ADEK BERRY/AFP via Getty Images


    President Trump said Monday he was not concerned about the drills, appearing to brush aside the possibility of counterpart Xi Jinping ordering an invasion.

    “I have a great relationship with President Xi. And he hasn’t told me anything about it. I certainly have seen it,” Mr. Trump told reporters when asked about the exercises.

    “I don’t believe he’s going to be doing it,” he said in apparent reference to an invasion.

    “They’ve been doing naval exercises for 20 years in that area. Now people take it a little bit differently,” the president said.

    The United States has been committed for decades to ensuring Taiwan’s self-defense, while staying ambiguous on whether the U.S. military itself would intervene in an invasion. Beijing’s show of force came after the Trump administration approved an $11 billion arms package for Taiwan.

    China’s latest military exercise was the sixth major round of maneuvers since 2022, when a visit to Taiwan by then-U.S. House Speaker Nancy Pelosi enraged Beijing.

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