Reuters Asia Business

By David Shepardson WASHINGTON (Reuters) -The top Republican and Democrat on the U.S. House of Representatives’ China committee on Thursday asked the Biden administration to consider adding China’s Quectel Wireless to a list of Chinese military companies. Inclusion on the Treasury Department list would bar U.S. entities from buying or selling publicly traded securities in …

Lawmakers ask Pentagon to consider barring US investments in China’s Quectel Read More »

JAKARTA (Reuters) – Indonesia’s state flag carrier Garuda Indonesia said late on Thursday that it has paid back $113.8 million of the debt it owes to bondholders as part of its restructuring process. In 2022, the airline won creditors’ approval to restructure more than $9 billion of debt after it faced financial difficulties due to …

Indonesian airline Garuda reduces debt owed to bondholders by $114 million Read More »

By Valerie Insinna and Joanna Plucinska WASHINGTON/LONDON (Reuters) – Tuesday’s runway collision in Japan marks the first time a modern lightweight airliner has burnt down and is being seen as a test case for how well a new generation of carbon-composite airplanes copes with a catastrophic fire. The Japan Airlines (JAL) Airbus A350 crashed into …

Analysis-Japan crash marks test of how new carbon jets cope in a disaster Read More »

By Anne Kauranen HELSINKI (Reuters) – Finnish telecom equipment maker Nokia said on Thursday it had signed a 5G patent agreement with one of China’s leading smartphone makers Honor, but its legal battles with other Chinese companies over patents continue. Nokia, once the world’s number one mobile phone maker, holds a significant patent portfolio of …

Nokia’s patent dispute persists in China despite deal with one smartphone maker Read More »

By Stephen Nellis (Reuters) – Qualcomm on Thursday said Samsung Electronics and Alphabet’s Google plan to use a new computing chip it designed to power mixed and virtual reality headsets. The Qualcomm chip, called the Snapdragon XR2+ Gen 2, will be able to handle data feeds from a dozen cameras inside the headset. It comes …

Qualcomm says Samsung, Google plan to use its new headset chip Read More »

HONG KONG (Reuters) – The continued revival of inbound tourism helped Hong Kong’s retail sales notch up a 12th consecutive month of growth in November, official data showed on Thursday. Sales increased 15.9% year-on-year to HK$34.2 billion ($4.38 billion) in November, the Hong Kong government said. That was compared with 5.8% growth in October, 13% …

Hong Kong November retail sales up 15.9%, helped by inbound tourism Read More »

SHANGHAI (Reuters) – China’s aviation regulator said on Thursday it expects the number of international flights to and from the country to reach 6,000 per week by the end of this year, or about 80% of pre-COVID levels. The Civil Aviation Administration of China (CAAC) said in a statement following its annual work conference that …

China sees international flights reaching 80% of pre-COVID levels by end-2024 Read More »