Reuters Asia Business

BRUSSELS (Reuters) -The European Commission said on Tuesday it welcomed industry indications that China had engaged with EU companies to restore partial flow of chips, preventing a worst-case scenario and creating time and space to find a lasting solution. “We welcome the constructive approach shown by the Netherlands and China,” the EU executive said. It …

EU sees time and space to find Nexperia solution, with worst-case avoided Read More »

(Reuters) -United States Steel Corp said on Tuesday it is launching a multi-year growth plan with Nippon Steel that targets approximately $14 billion of U.S. growth capital, with $11 billion to be invested by the end of 2028. (Reporting by Aatreyee Dasgupta in Bengaluru)

SINGAPORE (Reuters) -Singapore has ditched a plan to raise its food self-sufficiency rate to 30% by 2030, Sustainability and Environment Minister Grace Fu said on Tuesday, with local production held back by land constraints as well as high labour and energy costs. The Southeast Asian city-state launched the “30-by-30” policy in 2019 in a bid …

Singapore drops 2030 food self-sufficiency goal, minister says Read More »

By Ariba Shahid KARACHI (Reuters) -Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with Italy’s Eni as part of a plan to curb excess imports that have flooded its gas network, according to an official document and two sources. The document from state-owned Pakistan LNG Ltd (PLL) …

Exclusive-Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies Read More »

BEIJING (Reuters) -Tesla’s China-made electric vehicle sales fell 9.9% to 61,497 units in October from a year earlier, reversing a 2.8% increase in September, data from the China Passenger Car Association showed on Tuesday. Sales of the U.S. automaker’s Model 3 and Model Y vehicles made at its Shanghai “gigafactory”, including exports to Europe, India …

Tesla’s China-made EV sales fall 9.9% y/y in October Read More »