Reuters Asia Business

WASHINGTON (Reuters) – The U.S. Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the matter. The Biden administration plans to issue a propose rule that would bar Chinese software in vehicles in the United States with Level 3 automation and …

US expected to propose barring Chinese software in autonomous vehicles Read More »

By Lewis Krauskopf and Suzanne McGee (Reuters) – A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly …

Analysis-Global stock traders face dip-buying dilemma after crushing selloff Read More »

SHANGHAI (Reuters) – Chinese battery-making giant CATL signed a pact on Saturday to invest several million dollars in Autoflight, the developer of electric aircraft said in a statement. Both companies will develop batteries for electric aircraft that could fly a longer distance with higher load capacity, Auytoflight added. (Reporting by Shanghai Newsroom; Editing by Clarence …

Chinese battery maker CATL invests in electric aircraft developer Autoflight Read More »

By David Brunnstrom and Phuong Nguyen WASHINGTON/HANOI (Reuters) -The U.S. Commerce Department announced on Friday it will continue to classify Vietnam as a non-market economy country, a decision disappointing to Hanoi, which the U.S. has been wooing in its efforts to push back against China. Vietnam has long sought an upgrade, which would have reduced …

U.S. keeps Vietnam as non-market economy, despite efforts to woo Hanoi Read More »

By David Shepardson WASHINGTON (Reuters) – A group of 21 states and more than 50 U.S. lawmakers on Friday backed the Justice Department in its defense of a law that requires China-based ByteDance to sell TikTok’s U.S. assets by Jan. 19 or face a ban. “TikTok is a threat to national security and consumer privacy,” …

More than 50 US lawmakers, 21 states back DOJ in TikTok lawsuit Read More »

JAKARTA (Reuters) – Indonesia said it has banned the privacy-oriented search engine DuckDuckGo, citing concerns that it could be used to access pornography and online gambling websites which are illegal in the country, the communications ministry said on Friday. Indonesia, with the world’s biggest Muslim population, has strict rules that ban the sharing online of …

Indonesia bans search engine DuckDuckGo on gambling, pornography concerns Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department filed a lawsuit Friday against TikTok and parent company ByteDance for failing to protect children’s privacy on the social media app as the Biden administration continues its crackdown on the social media site. The government said TikTok violated the Children’s Online Privacy Protection Act that requires …

US sues TikTok over ‘massive-scale’ privacy violations of kids under 13 Read More »

COPENHAGEN (Reuters) -Carlsberg has agreed to take full control of its business in India and Nepal, the Danish brewer said on Friday. The group will buy a 33.33% stake in Carlsberg South Asia (CSAPL) from partner CSAPL (Singapore) Holdings as well as other stakes in underlying companies for a total of $744 million, it said. …

Carlsberg to take control of India business, eyes expansion Read More »