By Foo Yun Chee BRUSSELS (Reuters) – PDD Group’s fast-fashion e-commerce retailer Temu is likely to be subject to tough EU online content rules that already apply to Meta Platforms, Google, Elon Musk’s X and TikTok after its average monthly users in Europe rose above a key threshold. Under the European Union’s Digital Services Act …
Temu likely to face tougher online content rules as EU users soar Read More »
By Chen Aizhu and Florence Tan SINGAPORE (Reuters) – State-run China National Offshore Oil Co, one of the country’s top importers of Russian oil, has in recent months been pumping shipments of ESPO blend from Russia’s Far East into a newly launched reserve base, according to traders and tanker trackers. This is the first time …
By Sam Nussey TOKYO (Reuters) -Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as it opened its first Asia office in Tokyo. “This is just the first step in what I hope will be a long-term partnership with the people of Japan, government leaders, businesses and research institutions,” …
OpenAI bids for Japan business as it opens Tokyo office Read More »
By Joyce Lee CHANGWON, South Korea (Reuters) – South Korea’s Hanwha Aerospace plans to invest about 40 billion won ($28.91 million) by 2025 in a new aircraft engine factory, as it seeks to eventually develop domestically made engines for fighter jets such as South Korea’s KF-21s. The country’s largest defence company by revenue said in …
South Korea’s Hanwha Aerospace to invest in home-grown jet engine tech Read More »
By Clare Jim HONG KONG (Reuters) -State-backed property developer China Vanke said it is facing short-term liquidity pressure and operational difficulties, but added that it has prepared “a basket of plans” to stabilise its business and cut debt. Vanke’s Hong Kong-listed shares were down more than 1% in late trading on Monday after earlier hitting …
China Vanke says it has plans in place amid short-term liquidity pressure Read More »
By Kevin Yao BEIJING (Reuters) – China’s economy is expected to have slowed in the first quarter as a protracted property downturn and weak private-sector confidence weigh on demand, maintaining pressures on policymakers to unveil more stimulus measures. Data on Tuesday is forecast to show gross domestic product (GDP) grew 4.6% in January-March from a …
China’s Q1 GDP growth likely to slow, more stimulus on the cards Read More »
By Andreas Rinke SHANGHAI (Reuters) – German Chancellor Olaf Scholz on Monday pressed his case for an open and fair European market for Chinese cars but warned against dumping, overproduction and intellectual property infringements as he spoke to a group of students in Shanghai. Scholz, together with three ministers and several leading German executives, is …
Germany’s Scholz in China: we want fair auto market but no dumping Read More »
(Reuters) – Apple’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday. Global smartphone shipments increased 7.8% to 289.4 million units during January-March, with Samsung, at 20.8% market share, clinching the top …
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says Read More »
By Nina Chestney LONDON (Reuters) – Japan’s largest power company JERA Co. has created a global renewable energy business to be headquartered in London, as it seeks to increase low-carbon investments to meet decarbonisation targets, the head of the new unit told Reuters. Named JERA Nex, the unit will develop, invest in, own and operate …
Japan’s JERA creates global renewables-focused unit in Britain Read More »
(Repeats with no changes to text) SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Nio’s founder called for openness in a rare speech in the United States, where politicians have been seeking to further restrict China’s access to the world’s second-largest auto market. William Li, speaking at an event at Harvard University on Saturday, said rapid …
China EV maker Nio urges openness in US speech amid tensions Read More »
