By Foo Yun Chee BRUSSELS (Reuters) -TikTok CEO Shou Zi Chew will meet EU industry chief Thierry Breton, EU digital chief Vera Jourova and EU antitrust chief Didier Reynders in Brussels next week, TikTok said on Friday. The visit by Chew, his second to Brussels, comes amid heightened regulatory scrutiny of TikTok’s role in the …
TikTok CEO to meet top EU chiefs next week amid disinformation worries Read More »
By Brenda Goh and Paul Sandle SHANGHAI/LONDON (Reuters) – China said it attended a top-level ministerial meeting at the UK AI Safety Summit on Thursday, despite not being listed by Britain among the “like-minded” participants and not featuring in official handshakes or the family photograph. China’s absence sparked questions because it participated in the first …
Exclusive-China took part in leaders’ AI meeting even though UK did not acknowledge Read More »
BEIJING (Reuters) – Chinese electric vehicle (EV) upstart Nio plans to eliminate 10% of its jobs, the company said on Friday. The adjustments will be completed in November, Nio said in a statement, without disclosing the exact number of affected staffers. “We still have a gap between our overall performance and expectations,” the company said, …
Chinese EV upstart Nio plans to eliminate 10% of its positions Read More »
By Brenda Goh SHANGHAI (Reuters) -The European Union Chamber of Commerce on Friday criticised an upcoming trade fair in China as being more of a “political showcase” than about doing business and pushed for more tangible measures to restore confidence among European companies. Shanghai is due to host the China International Import Expo (CIIE) between …
By Cynthia Kim and Seunggyu Lim (Reuters) – After hitting statutory limits on import-export lending, South Korea is gathering local banks to help Poland buy $22 billion worth of weapons in Seoul’s largest arms sale, five people familiar with the matter told Reuters. “Five local banks are reviewing a syndicated loan as a support measure” …
Exclusive-South Korea lining up banks to help finance $22 billion arms sale to Poland Read More »
BEIJING (Reuters) – China’s commerce minister told Micron Technology Inc’s president Beijing would welcome the U.S. semiconductor company deepening its footprint in the Chinese market, signally a further thaw in relations between the world’s top two economies. In a meeting on Nov. 1, Commerce Minister Wang Wentao told Sanjay Mehrotra, President and CEO of Micron …
China warms to U.S. chipmaker Micron, as tensions with Washington ease Read More »
By Casey Hall and Xiaoyu Yin News that punitive tariffs on Australian wine introduced by China in 2021 would be reviewed as part of a push to improve the relationship between the two countries was cheered by many, including Campbell Thompson. The Beijing-based Australian CEO of wine importer and distributor The Wine Republic has spent …
China’s wine market ready to welcome likely return of Aussie wine as ties improve Read More »
By Stephen Nellis and Yuvraj Malik (Reuters) -Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3% in after-hours trading. Chief Executive Tim Cook insisted that the company’s new iPhone 15 models were doing well …
Apple holiday forecast disappoints on iPad, wearables demand; shares slip Read More »
JAKARTA (Reuters) -Bank Indonesia (BI) will strengthen measures to stabilise the rupiah’s exchange rate to mitigate the effects of imported inflation, the country’s finance minister said on Friday. Sri Mulyani Indrawati made the comment as the chair of Indonesia’s Financial System Stability Committee, which comprises the finance ministry, the central bank, the Financial Services Authority …
By Summer Zhen HONG KONG (Reuters) – Hong Kong-based Infini Capital Management launched a new multi-manager investment fund starting on Nov. 1, increasing hedge fund competition in the heated multi-manager battleground. The Hong Kong manager is also planning to expand its footprint into Abu Dhabi next year. The new flagship fund, Infini Global Master Fund, …
Hedge fund Infini launches new fund, eyes office in Abu Dhabi Read More »
