By Maria Martinez HANGZHOU, China (Reuters) -German Economy Minister Robert Habeck said on Sunday that China was indispensable to achieving global climate goals and must find a safe alternative to coal, which accounted for nearly 60% of China’s electricity supply in 2023. Officials told Habeck that China was expanding coal production for security reasons, the …
German economy minister urges China to shift from coal power Read More »
By Maria Martinez SHANGHAI (Reuters) -China and the European Union have agreed to start talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs) being imported into the European market, senior officials of both sides said on Saturday. Germany’s Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis …
EU and China set for talks on planned electric vehicle tariffs Read More »
BEIJING (Reuters) -Proposed European Union tariffs on Chinese goods are not a “punishment”, Germany’s Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday. Habeck’s visit to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles (EVs) to combat what the EU considers …
EU tariffs on China not a ‘punishment’, says German economy minister Read More »
By Andrea Shalal, David Lawder, Karen Freifeld WASHINGTON/NEW YORK(Reuters) -The United States on Friday issued draft rules for banning or requiring notification of certain investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The U.S. Treasury Department published the proposed rules and a raft of exceptions after an initial …
US closer to curbing investments in China’s AI, tech sector Read More »
By Chuck Mikolajczak and Isla Binnie NEW YORK (Reuters) -A gauge of global stocks declined for a second straight session on Friday, weighed down by weakness in technology shares, while the dollar hit its highest level since early May as a gauge of U.S. business activity edged up to a more than two-year high. S&P …
Stocks dip but up for the week, US dollar climbs Read More »
By Joe Cash and Maria Martinez BEIJING (Reuters) -Beijing warned on Friday that escalating frictions with the European Union over electric vehicle imports could trigger a trade war, as Germany’s economy minister arrived in the Chinese capital with the proposed tariffs high on his agenda. Robert Habeck’s three-day trip to China is the first by …
Europe risks trade war, China says before German talks Read More »
By Orathai Sriring and Panarat Thepgumpanat BANGKOK (Reuters) -The Thai government’s 3.753 trillion baht ($102 billion) budget for the 2025 fiscal year passed its first parliamentary vote on Friday, but there will be a series of further votes before it can be enacted.After a three-day debate, the draft budget bill, aimed at kick-starting the economy, …
Thai government’s $102 billion budget clears first parliamentary vote Read More »
By David Kirton SHENZHEN, China (Reuters) -China’s Huawei Technologies said on Friday it had made breakthroughs in fields from operating systems to artificial intelligence, and that it had taken the company 10 years to do what the United States and Europe took 30 years to achieve. Richard Yu, chairman of Huawei’s Consumer Business Group, was …
Huawei says it has made huge strides, from operating systems to AI Read More »
PARIS (Reuters) – Chinese carmakers BYD and SAIC subsidiary MG have not yet decided whether they will increase prices on electric vehicle sold in the European Union to offset the impact of additional duties, sources close to the two groups have told Reuters. The sources said that there would be no decision before July 4 …
China’s BYD, SAIC’s MG undecided on EV price hikes due to tariffs, sources say Read More »
By Summer Zhen HONG KONG (Reuters) – Arrowpoint Investment Partners, one of Asia’s largest hedge fund launches this year, said on Friday it has secured investment from the Canada Pension Plan Investment Board (CPPIB) and a unit of Singapore’s Temasek Holdings. These sovereign wealth funds followed Blackstone, which had already seeded the new Singapore-based fund. …
CPPIB, Temasek join Blackstone in backing Singapore hedge fund Arrowpoint Read More »
