KUALA LUMPUR (Reuters) – Diesel fuel prices in much of Malaysia are set to rise by roughly 50% on Monday as the government begins shifting away from costly blanket subsidies to a targeted approach that mainly helps the needy. Malaysia, which heavily subsidises prices of fuel, cooking oil and rice among other basic items, has …
Malaysia begins diesel subsidy reforms, prices to rise by about 50% on Monday Read More »
(Corrects wording of headline) (Reuters) -Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the Times reported on Saturday. Volvo, which is majority-owned by China’s Geely, was considering halting sales of Chinese-built EVs bound for …
Volvo shifting EV production to Belgium to avoid China tariffs, The Times reports Read More »
BEIJING (Reuters) -China and Pakistan have agreed to boost mining cooperation and promote the implementation of a pact on strengthening mining development and industrial cooperation, according to a joint statement from the two countries. Pakistani Prime Minister Shehbaz Sharif visited in Beijing from June 4 to 8, in a bid to upgrade cooperation under the …
China, Pakistan agree to strengthen mining, oil and gas cooperation Read More »
By Alexandra Alper and James Pearson WASHINGTON/LONDON (Reuters) -Three U.S. lawmakers have called for more scrutiny of NewsBreak, a popular news aggregation app in the United States, after Reuters reported it has Chinese origins and has used artificial intelligence tools to produce erroneous stories. The Reuters story drew upon previously unreported court documents related to …
Some US lawmakers call for more scrutiny of news app NewsBreak over Chinese origins Read More »
ISTANBUL (Reuters) -Turkey will impose a 40% additional tariff on imports of vehicles from China to halt a possible deterioration of its current account balance and protect domestic automakers, the trade ministry said on Saturday. China is facing increasing trade pressures worldwide over its growing exports of electric vehicles, which many countries claim are being …
Turkey imposes 40% tariff on vehicle imports from China Read More »
TOKYO (Reuters) – Nippon Steel Vice Chairman Takahiro Mori met with U.S. Steel’s employees and community leaders this week to gain better understanding of its proposed acquisition of the U.S. company and saw positive reaction, a company spokesperson said. Mori, the key negotiator for the U.S. Steel deal, returned to the United States this week, …
Nippon Steel executive saw positive reaction from U.S. Steel workers and others Read More »
HANOI (Reuters) – Police in Vietnam have arrested two well-known Vietnamese Facebook users on charges of abusing democratic freedoms, the government said on Saturday, as a major leadership reshuffle in the Communist-ruled country is settling down. Ex-reporter Truong Huy San, 62, and lawyer Tran Dinh Trien, 65, were arrested on accusations of “abusing democratic freedoms …
Vietnam arrests two well-known Facebook users over democratic freedom abuse Read More »
MANILA (Reuters) – The Philippines’ agriculture ministry said it was banning the imports of birds and poultry products from Australia because of a bird flu outbreak in Australian states. Imports from Australia of wild and domestic birds, including poultry meat, day-old chicks, eggs and semen will be immediately stopped, the ministry said on Saturday. As …
Philippines bans imports of poultry products from Australia due to bird flu Read More »
(Reuters) -Chinese battery companies CATL and Gotion High Tech should be added immediately to a U.S. import ban list, a group of Republican lawmakers said, alleging their supply chains use forced labour, the Wall Street Journal reported. The lawmakers called for CATL and Gotion, which have ties to Ford and Volkswagen, respectively, to be added …
US lawmakers call to add China’s CATL, Gotion to import ban list, WSJ reports Read More »
SHANGHAI (Reuters) – China’s high-frequency traders will face additional transaction fees in draft rules published on Friday by the country’s exchanges, as regulators tighten scrutiny on the sector to revive retail investor confidence. The details unveiled by the Shanghai and Shenzhen stock exchanges come after the country’s securities regulator published rules last month to increase …
China plans higher transaction fees for high-frequency trading Read More »
