(Reuters) -German online takeaway food company Delivery Hero said on Monday that it would close its global tech hubs in Turkey and Taiwan and adjust the headcount at its headquarters in Berlin. The company has reduced the workforce of its Berlin headquarters and global service roles by around 13% this year, it said in a …
Delivery Hero to close tech hubs in Turkey and Taiwan, cut jobs Read More »
SHANGHAI (Reuters) -IM Motors, the electric car brand of state-owned Chinese automaker SAIC Motor, on Monday said it is applying to China’s industry ministry for product entry of Level 3 autonomous driving cars. IM Motors, which is also backed by Alibaba Group investments, said its EVs could be among the first models approved as legitimate …
China’s IM Motors seeks OK on L3 highly autonomous vehicles Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan business lobby Keidanren chief Masakazu Tokura said on Monday the Bank of Japan must normalise monetary policy as early as possible, amid speculation the central bank could shift away from more than a decade of stimulus policy in the coming months. Speaking on the first day of the …
Japan business lobby head: BOJ must normalise monetary policy as soon as possible Read More »
HANOI (Reuters) – Vietnamese electric vehicles (EV) maker VinFast said on Monday it had signed a memorandum of understanding with Japan’s Marubeni Corp to recycle used EV batteries. VinFast will supply the used batteries and Marubeni will repurpose into what it said would be affordable Battery Energy Storage Systems (BESS) that were easy to manufacture, …
Vietnam’s VinFast agrees deal with Marubeni to recycle used EV batteries Read More »
SHANGHAI/SINGAPORE (Reuters) – Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts amid rising consumer defaults during an ailing post-COVID economic recovery. Issuance this year of securities backed by non-performing loans (NPLs) is set to jump about 40% from a year ago …
China banks step up sales of bad loans as consumer defaults rise Read More »
SHANGHAI (Reuters) – Mercedes Benz said on Monday it would carry out level 3 autonomous driving tests on designated highways in Beijing, without giving an exact time frame. The German automaker said it was one of the first batch of companies approved by the Beijing municipal government on Saturday to run such tests as the …
By Josh Ye HONG KONG (Reuters) – Tencent Holdings is relying on one-time bitter rival ByteDance to promote its most important video game release in years, in a sign of warming relations as well as intensifying competition as China’s gaming industry returns to growth. Tencent released on Friday mobile party game “DreamStar” that it hopes …
Tencent turns to ByteDance in gaming showdown with NetEase Read More »
JAKARTA (Reuters) – The Indonesia Stock Exchange (IDX) on Monday suspended trading of securities of state-owned construction firm Wijaya Karya after the company postponed a debt principal payment, according to IDX’s statement. The debt is an Islamic bond, known as sukuk, that the company issued in 2020, IDX said, adding that “the postponement indicates that …
Indonesia stock exchange suspends trading of Wijaya Karya’s securities Read More »
BEIJING (Reuters) – China will on Friday conduct sea trials for its first ocean research drilling vessel, capable of drilling at depths of more than 10,000 metres (32,800 feet), a key step towards beefing up the country’s deep-sea oil and gas exploration capabilities. It is China’s first vessel capable of ultra-deepwater research and drilling, Chinese …
China to conduct sea trials for its first ultra-deepwater drilling ship Read More »
By Dhwani Pandya MUMBAI (Reuters) – India’s Zee Entertainment Enterprises said in a stock exchange filing on Sunday that it had sought a further extension of a merger deadline from the Indian arm of Japan’s Sony Group “to make the scheme effective”. Zee Entertainment said in seperate filing on Saturday that independent board directors Vivek …
Zee asks Sony’s Indian arm for extension of merger deadline Read More »
