Reuters Asia Business

By Lisa Barrington and Tim Hepher SINGAPORE (Reuters) – Singapore will play host to Asia’s biggest air show next week for the first time since the end of COVID border restrictions, with regional travel rebounding and the military side of the show bristling with defensive systems and nervous arms buyers. An expected full return of …

China to show off homegrown airliner at Singapore air show amid supply crunch Read More »

By Katherine Masters NEW YORK (Reuters) -Republican Senator Marco Rubio asked the U.S. Securities and Exchange Commission to block Shein’s bid to list publicly in New York unless the e-tailer makes additional disclosures about its business operations and “the serious risks of doing business” in China. In a letter sent Thursday to SEC Chair Gary …

Exclusive-Rubio urges SEC to block Shein IPO unless China operating risk disclosed Read More »

By Joseph White and Nathan Gomes (Reuters) -The chief executives of U.S. automakers Ford and General Motors said on Thursday they would consider partnerships to cut electric vehicle technology costs as Chinese rivals move into the U.S. and European markets. “If there’s ways that we can partner with others, especially on technologies that are not …

Ford, GM CEOs open to partnerships to compete with China Read More »

By Yuka Obayashi and Nobuhiro Kubo TOKYO (Reuters) – Japan’s biggest city gas supplier Tokyo Gas Co Ltd expects that by 2030 its U.S. shale gas and related businesses, including trading and marketing, will contribute around 50% to its targeted overseas profit, its president said. The Japanese company paid $2.7 billion to acquire Texas-based natural …

Tokyo Gas expects half of overseas profit to come from US gas by 2030 Read More »

BANGKOK (Reuters) – Thailand’s government will forge ahead with its delayed 500 billion baht ($13.82 billion) handout scheme to stimulate an economy that was in crisis and worsening, the deputy finance minister said on Thursday. High interest rates and household debt were the main negative factors weighing on the economy, Julapun Amornvivat told reporters. “The …

Thailand sticking with handout plan to lift ‘fragile’ economy Read More »

By Nicoco Chan SHANGHAI (Reuters) – Faced with diminishing job prospects as the economy slows, Chu Yi is choosing to “lie flat”, a Chinese term used to describe people who work just enough to afford to spend their time on what they enjoy. The Shanghai-based 23-year-old used to work at a fashion company, but said …

Some Chinese youth spurn corporate jobs for ‘me time’ as economy slows Read More »

TOKYO (Reuters) – Japan’s ruling party will propose that the government introduces a new law regulating generative artificial intelligence technologies within 2024, the Nikkei business daily reported on Thursday. To address issues surrounding AI such as disinformation and rights infringement, the Liberal Democratic Party’s AI project team will draft preliminary rules, including penal regulations, for …

Japan’s ruling party pushes for AI legislation within 2024, Nikkei reports Read More »