By David Shepardson WASHINGTON (Reuters) -The top members of a U.S. House committee on China are introducing a bill that seeks to ban the U.S. government from buying Chinese drones. Mike Gallagher, the Republican chair of the committee, and Raja Krishnamoorthi, the ranking Democrat, are introducing the “American Security Drone Act” on Wednesday, the lawmakers …
US House panel seeks ban on federal purchases of China drones Read More »
MOSCOW (Reuters) – China is in talks with Russia’s Rosneft, Gazprom and Novatek about the joint development of oil and gas fields and hydrocarbon trade, state-owned China National Petroleum Corporation (CNPC) said on Wednesday. Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in …
China, top Russian energy firms discuss developing oil and gas fields -CNPC Read More »
WASHINGTON (Reuters) – Teams for U.S. President Joe Biden and Chinese President Xi Jinping have an agreement in principle for them to meet in San Francisco in November but important details need to be hammered out, a senior Biden administration official said on Tuesday. The official amplified on remarks by White House press secretary Karine …
White House aims for Biden-Xi meeting in San Francisco in November Read More »
BEIJING (Reuters) – Chinese search engine giant Baidu launched on Wednesday a paid version of its ChatGPT-like product Ernie bot, charging 59.9 yuan ($8.18) per month. Ernie bot, which like ChatGPT is powered by generative artificial intelligence, was the first of many Chinese AI-powered chatbots to be unveiled this year. ($1 = 7.3191 Chinese yuan) …
Baidu launches paid version of ChatGPT-like Ernie Bot Read More »
JAKARTA/HANOI (Reuters) – Plans to reduce the use of coal in Indonesia and Vietnam with financial support from Western donors face teething problems, which could have implications for the prospects of richer countries helping poorer ones shift to cleaner energy. Both countries are negotiating schemes known as a Just Energy Transition Partnership (JETP), under which …
Factbox: Indonesia, Vietnam energy transition financing under G7-funded plans Read More »
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan may prefer to go slow in ending ultra-low interest rates, but the weak yen and risks of an inflation overshoot could prod it to act before year-end, former central bank official Hiromi Yamaoka told Reuters on Wednesday. Under pressure to phase out …
SHANGHAI (Reuters) – China’s biggest index provider launched on Wednesday two gold-linked stock indices to cash in on surging demand for exposure to the safe-haven metal amid a slump in the local real estate market and volatile global markets. The new indexes, launched by the China Securities Index Co, include shares of global gold miners …
China firm launches stock indices to tap into rush for safe-haven gold Read More »
By Rocky Swift TOKYO (Reuters) -Japan’s Astellas Pharma cut its full-year profit forecast by more than half on Wednesday, citing effects from its largest ever acquisition and generic drug competition. The company, Japan’s third-biggest drugmaker by sales, now expects full-year operating profit of 123 billion yen ($813.17 million) for the year to March 31, 2024, …
Japan’s Astellas halves profit forecast after Iveric Bio purchase Read More »
BANGKOK (Reuters) – Thailand on Wednesday approved a new subsidy package for electric vehicles, an industry official said, in a move to support EV sales in a top regional auto hub where battery-powered cars are steadily gaining traction. The new package approved by the National Electric Vehicle Policy Committee includes a lower subsidy than the …
Thailand approves new, scaled down EV subsidy package – industry official Read More »
By Daniel Leussink TOKYO (Reuters) -Toyota Motor more than doubled its second-quarter profit and sharply raised its full-year outlook on Wednesday, as a weaker yen currency bolstered the impact of robust global sales. The world’s top-selling automaker reported a record operating profit of 1.44 trillion yen ($9.5 billion) in the three months to end-September, a …
Toyota rides weak yen, demand for hybrids to post blowout profit Read More »
