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It was just over a year ago that Hanwha Ocean, one of the world’s largest shipbuilders, bought the Philadelphia facility, a storied naval yard that has shriveled under competition from Asian competitors, particularly in China.

The company aims to ultimately crank out up to 20 ships a year in Philadelphia, up from annual output of just one or two vessels recently. It plans to bring in modernized manufacturing methods—such as automation and robotics—from the firm’s world-class South Korean operations.

https://www.wsj.com/business/u-s-shipyard-key-to-trumps-american-revival-is-already-too-busy-597c72ec

Korean tech companies Samsung Electronics and SK Hynix climbed 7.2% and 4% in Asian trading after Samsung’s CEO sounded a bullish tone on the company’s latest high-bandwidth memory chips.

Now another pressure point is emerging. From the start of next year, Mexico plans to impose import duties of up to 50 per cent on a wide range of goods from Asia, threatening to choke off a key workaround companies have relied on to maintain access to the North American market. The new measures, set to take effect from January 1, will apply to electronics, apparel, chemicals and a broad swathe of engineering goods – including cars and other vehicles – as Mexico seeks to protect domestic industries and address a widening trade imbalance with its Asian partners.

https://www.scmp.com/week-asia/economics/article/3337107/mexicos-50-tariff-shock-shuts-asias-north-american-trade-bypass

Manila appears to be looking for ways to balance the wish to assert Philippine claims in the resource-rich South China Sea while maintaining the key relationship with Beijing.

https://www.scmp.com/news/china/diplomacy/article/3336197/differences-should-be-exception-rather-norm-china-and-philippines-marcos-says

China, which originally imported processing technology from Europe to deal with its waste problem several decades ago, has now become a competitive provider of such technologies, especially to other Asian economies

https://www.scmp.com/economy/china-economy/article/3335298/waste-wealth-why-china-building-incinerators-around-world

Anwar, chair of the Association of Southeast Asian Nations bloc, urged both sides to exercise maximum restraint and maintain open channels of communication.

https://www.staradvertiser.com/2025/12/07/breaking-news/thailand-launches-airstrikes-at-cambodia-as-border-tensions-reignite/

Meta has started removing Australian children under 16 years old from its Instagram, Facebook and Threads platforms, a week before an official teen social media ban begins. The tech giant announced last month it had begun notifying users aged between 13 to 15 years old that their accounts would start being shut down from 4 December. An estimated 150,000 Facebook users and 350,000 Instagram accounts are expected to be affected. Threads, similar to X, can only be accessed via an Instagram account. Australia's world-first social media ban starts on 10 December, with companies facing fines of up to A$49.5m (US$33m, £25m) if they fail to take "reasonable steps" to stop under-16s from having accounts.

https://www.bbc.com/news/articles/cdxekqryn1jo

A week after Hong Kong’s worst inferno in decades, police on Wednesday arrested six men from the company responsible for the fire alarm system at the Wang Fuk Court housing complex, where the blaze ripped through seven towers covered in bamboo scaffolding and protective mesh.

https://www.scmp.com/news/hong-kong/society/article/3335110/hong-kong-orders-scaffold-netting-be-removed-200-sites-wake-inferno