Reuters Asia Business

By Toby Sterling AMSTERDAM (Reuters) -The Dutch government on Friday said it would expand export licensing requirements for some ASML chipmaking equipment, effectively retaking oversight over it from the United States and aligning the two countries’ policy. The United States had previously unilaterally regulated those tools, as part of its campaign to restrict access to …

Dutch government retakes export control over two ASML tools from US Read More »

SEOUL (Reuters) – Japan Airlines does not expect flight cancellations or delays as a result of inspections ordered by Europe’s air safety regulator on engines of Airbus A350-1000 jets, it said on Friday. The European Union Aviation Safety Agency (EASA) said on Thursday Trent XWB-97 engines made by Rolls-Royce should be checked after an engine …

Japan Airlines expects no flight cancellations from A350 inspections Read More »

By Ariba Shahid KARACHI (Reuters) – Up to 50% of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD Pakistan, a partnership between China’s BYD and Pakistani car group Mega Motors, said. Warren Buffett-backed Chinese electric vehicle giant BYD last month announced its entry into …

Electric vehicles will account for up to half of auto sales by 2030, BYD Pakistan says Read More »

By David Kirton and Sophie Yu SHENZHEN, China (Reuters) – Fast food giant Pizza Hut is adapting to China’s sluggish economy by opening stores that offer smaller, cheaper versions of its favourites to attract cost-conscious diners, a strategy its parent Yum China is also using for other brands. In the busy Bao An District of …

New Pizza Hut concept stores in China help frugal diners save Read More »

TOKYO (Reuters) -Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei business daily reported, becoming the latest automaker to roll back electric car plans as EV sales momentum wanes. The world’s biggest automaker now plans to build 1 million EVs in 2026, compared with the company’s earlier …

Toyota cuts 2026 global EV output plans by a third, Nikkei reports Read More »

By Mariko Katsumura, Scott Murdoch and Kane Wu TOKYO (Reuters) -Japanese retail giant Seven & i Holdings said on Friday it had turned down Canada’s Alimentation Couche-Tard’s $38.5 billion cash bid, rejecting an offer that would be the largest-ever foreign buyout of a Japanese company. 7-Eleven operator Seven & i said the takeover proposal was …

Japan’s Seven & i rejects Couche-Tard’s $38.5 billion takeover offer Read More »

By Hyunjoo Jin SEOUL (Reuters) – Japanese products, from cars to beer, whisky and clothes, have been rising in popularity in South Korea, rebounding from consumer boycotts in 2019 on the back of improving bilateral relations and the cheaper yen. The monthly sales of Japanese cars, including Toyota Motor and Lexus, jumped 31% in August …

Japanese cars, beer gain ground in S.Korea as relations thaw Read More »

(Reuters) -Toyota Motor, Nissan Motor and other companies will help expand Japanese production capacity for storage batteries by around 50% with government support through a total investment of 1 trillion yen ($6.97 billion), the Nikkei reported on Friday. The investments will be mainly directed to automotive batteries and lift capacity to 120 gigawatt-hours (GWh) from …

Toyota, Nissan to expand Japan’s battery production capacity, Nikkei reports Read More »

BERLIN (Reuters) -Germany is drafting new regulations to ensure Chinese discount retailers such as Temu and Shein comply with standards for product safety, environmental protection, consumer rights, as well as customs and tax laws, Capital magazine reported. Germany’s main retail association HDE has been lobbying the government to “ensure fair competition for all market participants”, …

Germany drafting regulations for Chinese online discounters, Capital reports Read More »