By Urvi Dugar, Akanksha Khushi and Yuka Obayashi , TOKYO (Reuters) -Japan’s Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S. Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal. A spokesperson for …
Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal Read More »
(Reuters) -Canada is looking at whether it needs to raise tariffs on Chinese-made electric vehicles after the White House announced major new levies on them, Trade Minister Mary Ng told Bloomberg News on Friday. “We are looking at this very carefully and we have an open dialogue with our American partners,” Bloomberg quoted Ng as …
Canada exploring higher tariffs on Chinese EVs, Bloomberg News reports Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department and TikTok on Friday asked a U.S. appeals court to set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. TikTok, ByteDance and a group of TikTok content …
US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban Read More »
SHANGHAI (Reuters) -Shanghai has compiled a list of data that can be transferred overseas without security assessments, according to a government document seen by Reuters, a much anticipated move as China tries to lure foreign investment to boost a sluggish economy. Foreign firms including financials and automakers such as Elon Musk’s Tesla have been lobbying …
Shanghai eases data-export curbs sought by Tesla, other firms, document shows Read More »
By Gilles Guillaume and Christina Amann PARIS/BERLIN (Reuters) -Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, four sources familiar with the situation said, in a setback for the EU carmakers’ efforts to fend off Chinese rivals. The collapse of negotiations could mean the German …
Exclusive-VW and Renault end talks to develop affordable EV, sources say Read More »
SINGAPORE (Reuters) – Biofuel firms are pouring more than $1 billion into building China’s first plants to turn waste cooking oil into aviation fuel for export and meet domestic demand, once Beijing mandates the fuel’s use on airplanes to cut emissions. Here are details of the investors. Capacity figures refer to feedstock volumes, with SAF …
Factbox-China biofuel makers bet on sustainable aviation fuel Read More »
(Reuters) – Super Hi International jumped 38% in its debut on Nasdaq, giving the operator of Chinese hotpot restaurant chain Haidilao a valuation of about $1.74 billion. Shares opened at $27 per share compared with the initial public offering (IPO) price of $19.56 per share. The Chinese restaurant brand on Thursday raised $52.7 million by …
Haidilao restaurant operator Super Hi’s shares surge 38% in strong US market debut Read More »
(Reuters) -The European Union launched an investigation into flat-rolled iron or steel products plated or coated with tin from China in a latest effort to protect home-grown manufacturers. It has also launched several probes into whether Chinese clean tech producers are dumping subsidised goods on EU markets and whether Chinese-owned companies unfairly benefit from subsidies …
Factbox-EU probes into Chinese subsidies and imports Read More »
MOSCOW (Reuters) – Russian President Vladimir Putin said on Friday during a visit to China that U.S. tariffs on Chinese-made electric vehicles were an example of unfair competition. “Unfortunately, the way the world works today, sometimes situations arise related to unfair competition. This is how the Americans recently imposed sanctions on China on electric transport, …
Putin calls U.S. tariffs on Chinese electric vehicles ‘unfair competition’ Read More »
By Fanny Potkin SHANGHAI/SINGAPORE (Reuters) – Tesla is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed within the country, part of a strategic shift by Elon Musk, according to people with knowledge of the work. As part of that effort, Tesla has …
Musk pushes plan for China data to power Tesla’s AI ambitions Read More »
