By Mark John (Reuters) – As Texas baked in this summer’s record temperatures, local UPS driver Chris Begley started feeling unwell before collapsing at a customer’s premises. The 57-year-old’s death in hospital was announced in late August – just as his trade union was ratifying a deal with UPS on improved heat protections. “Chris Begley …
Analysis-Climate change adds workplace costs and hazards Read More »
TAIPEI (Reuters) – Taiwan is seeking other trade agreements with the European Union given a long-sought investment deal is a “long shot”, a senior government official said on Thursday, as the bloc courts Taiwanese chip firms to build factories on the continent. Taiwan has repeatedly called for progress on a Bilateral Investment Agreement (BIA) with …
Chipmaker Taiwan seeks other EU trade deals given investment agreement ‘a long shot’ Read More »
By Stephen Nellis (Reuters) – The U.S. Commerce Department should end all technology exports to Huawei and China’s top semiconductor firm following the discovery of new chips in Huawei phones that may violate trade restrictions, the chair of the House of Representatives’ committee on China said on Wednesday. The comments from Representative Mike Gallagher, an …
US lawmaker calls for ending Huawei, SMIC exports after chip breakthrough Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s top currency diplomat Masato Kanda said on Wednesday that authorities won’t rule out any option to clamp down on “speculative” currency moves, in a warning against a sell-off in the yen. “Looking at underlying moves, speculative action or activity that cannot be explained by fundamentals can be observed,” Kanda …
Japan won’t rule out options to halt FX speculation, officials say Read More »
MEXICO CITY (Reuters) – Tesla is eyeing 2026 or 2027 to potentially begin production at a major new factory planned for Mexico, according to a report published in Mexican daily Reforma on Wednesday. The report cited an anonymous Chinese supplier saying that they and several other Chinese companies may delay plans to launch operations near …
By Kanishka Singh WASHINGTON (Reuters) -The office of U.S. Trade Representative Katherine Tai on Wednesday further extended China “Section 301” tariff exclusions on 352 Chinese import and 77 COVID-19-related categories till Dec. 31 that were set to expire on Sept. 30. THE TAKE The import tariff exclusions include industrial components such as pumps and electric …
US extends tariff exclusions on some Chinese categories till end of 2023 Read More »
By Anirban Sen and Abigail Summerville (Reuters) – Kroger Co and Albertsons Cos Inc are nearing a deal they hope will secure U.S. regulatory clearance for their proposed $24.5 billion merger, by selling more than 400 grocery stores to C&S Wholesale Grocers for nearly $2 billion, according to people familiar with the matter. The deal …
Kroger, Albertsons plan to offload over 400 stores for close to $2 billion-sources Read More »
BEIJING (Reuters) – Chinese auto chipmaker GTA Semiconductor recently completed a largely state-funded financing round worth over $1.8 billion, state-backed Securities Times reported on Wednesday, with the move described as a clear signal to the domestic chip manufacturing industry that Beijing is still willing to invest in it. With this injection of capital Shanghai-based GTA …
Chinese auto chipmaker raises over $1.8 billion as Beijing prepares new chip fund Read More »
By Divya Chowdhury MUMBAI (Reuters) – Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an infrastructure- and investment-led economy to becoming consumption-driven as “difficult”. Viewing the crisis in the world’s second largest economy as more structural than cyclical, policymakers expect it to feed into …
Policymakers see darker days ahead in China as growth sputters Read More »
ROME (Reuters) – A strategic partnership between Italy and China would be more valuable than a deal such as the Belt and Road initiative, Italian Foreign Minister Antonio Tajani said on Wednesday addressing Parliament. In 2019, Italy became the first major Western nation to join China’s Belt and Road, a global trade and infrastructure initiative modeled on …
Partnership with China more important than Belt and Road-Italy’s Tajani Read More »
