By Phuong Nguyen, Francesco Guarascio and Ben Klayman (Reuters) -Vietnamese electric car maker VinFast is looking at further delaying a planned $4 billion factory in North Carolina, a person briefed on the matter said, as the loss-making company struggles to gain favour with U.S. consumers. VinFast announced in 2022 that it would build an EV …
By P.J. Huffstutter and Tom Polansek CHICAGO (Reuters) -Meat processor JBS said on Wednesday that Beijing blocked U.S. beef shipments from the company’s plant in Greeley, Colorado, because traces of the feed additive ractopamine were identified in beef destined for China. Brazil-based JBS, the world’s largest beef producer, said in a statement it is working …
JBS says China blocks beef from US plant over detection of ractopamine Read More »
BERLIN (Reuters) -The European Commission will postpone its decision on Chinese electric vehicle tariffs until after the European Parliament election on June 9, a source familiar with the matter told Reuters on Wednesday. The provisional tariffs, which were expected to be announced by June 5, would be a sticker shock representing billions of dollars in …
EU Commission to postpone Chinese EV tariff decision, source says Read More »
SUZHOU, China (Reuters) – Rare earth quotas in China, which the world’s top producer uses to control supply, are set to rise at a much slower rate this year amid a supply glut, industry participants said on Wednesday. Rare earths are a group of 17 elements used in products as varied as lasers, military equipment, …
China 2024 rare earths quota growth set to slow amid supply glut Read More »
By David Shepardson WASHINGTON (Reuters) -Owners of nearly 84,000 older Nissan vehicles in the United States equipped with recalled, unrepaired Takata air bags should immediately stop driving them due to a safety hazard, the U.S. National Highway Traffic Safety Administration said on Wednesday. The agency made its announcement after the Japanese automaker issued a warning …
US tells owners to stop driving older Nissan vehicles over air bag concerns Read More »
BANGKOK (Reuters) – Thailand’s central bank could adjust interest rates if the outlook for the economy and inflation changes, but rates are not a key factor for boosting the economy, a deputy governor said. The Bank of Thailand’s inflation target range of 1% to 3% is still appropriate for now, Deputy Governor Alisara Mahasandana said …
Thai central bank says rates could change if economic outlook shifts Read More »
By Stephen Nellis (Reuters) – Arm Holdings on Wednesday unveiled new chip blueprints and software tools to help smartphones handle artificial intelligence tasks, along with changes to how it delivers those blueprints that could help speed their adoption. Arm’s technology powered the rise of smartphones and is increasingly found in PCs and in data centers, …
Arm offers new designs, software for AI on smartphones Read More »
SHANGHAI (Reuters) – China’s Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine. Geely’s engine achieves a thermal efficiency of up to 46.1%, according to a product certificate issued by the government-owned CATARC Huacheng Certification Co. …
China’s Geely to launch hybrids with more fuel-efficient engines Read More »
By Leika Kihara and Takahiko Wada TOKYO/KUMAMOTO, Japan (Reuters) -The Bank of Japan may raise interest rates if sharp falls in the yen boost inflation or the public’s perception of future prices move more than expected, board member Seiji Adachi said on Wednesday. While short-term currency moves alone would not trigger a policy shift, the …
BOJ policymaker hints at rate hike if yen’s impact on inflation is big Read More »
BEIJING (Reuters) – China plans to invest more than 6 billion yuan ($830 million) in a government-led project to develop solid-state batteries with six firms eligible for state funding to work on the next-generation technology, a person with direct knowledge of the matter said. Solid-state batteries hold the promise of improved safety, a longer lifespan …
China to invest more than $830 million in solid-state battery research -source Read More »
