By Andrew Mills and Maha El Dahan DOHA (Reuters) -Qatar is set to secure its second large gas supply deal with a Chinese state-controlled company in less than a year, sources familiar with the deal told Reuters on Tuesday. China National Petroleum Corporation (CNPC) and QatarEnergy are expected to sign a 27-year agreement later on …
Qatar set to strike second big LNG supply deal with China Read More »
MILAN (Reuters) – Carmaker Stellantis and iPhone assembler Foxconn have created a 50-50 joint venture to design and sell semiconductors for the automotive industry from 2026. The joint venture, called SiliconAuto, will supply Stellantis, including its new ‘STLA Brain’ electronic and software architecture, Foxconn and other customers, the two companies said in a statement. “SiliconAuto …
Stellantis, Foxconn form 50-50 JV on semiconductors for auto industry Read More »
SINGAPORE (Reuters) – Malaysian logistics company MISC Group has signed an agreement to develop ammonia engines for ships, marking a step towards zero-emission shipping operations, the company said on Tuesday. MISC-owned AET and Akademi Laut Malaysia (ALAM) have signed an agreement with WinGD to develop engines for ammonia dual-fuelled vessels, a first for deep-sea vessels, …
Malaysia’s MISC Group to develop ammonia engines for ships Read More »
(Reuters) – HSBC on Tuesday lowered China’s economic growth forecast for this year, citing drag from the property sector, and tempered business and household confidence. The global bank now forecasts China’s gross domestic product (GDP) to grow at 5.3% in 2023, from 6.3% expected earlier. Last week, brokerages including J.P. Morgan and BofA Global Research …
HSBC cuts China’s GDP forecast to 5.3% on weak property, business outlook Read More »
SINGAPORE (Reuters) – Singapore-based Grab Holdings is preparing its biggest round of job cuts since the pandemic, Bloomberg News reported on Tuesday, citing people familiar with the matter. The layoffs are set to be announced as soon as this week and are likely to surpass a 2020 round that shrank staff by 5%, or about …
Singapore’s Grab plans biggest round of job cuts since pandemic – Bloomberg News Read More »
By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday. Four lawmakers who are part of the House of Representatives China Select Committee will travel to Detroit Tuesday …
US lawmakers to urge automakers to cut reliance on China Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission plans to propose measures this year to address security risks posed by outbound investments as well as reinforcing export controls on goods that have both civilian and military uses, with an eye on rivals such as China. In a document entitled “European Economic Security Strategy”, seen by …
Exclusive-EU to target export controls on military use goods, outbound investment risks Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports of power loss while driving tied to a battery charging issue. The National Highway Traffic Safety Administration’s preliminary investigation covers 2022 model-year vehicles after it received 30 consumer complaints alleging a loss of acceleration. The …
US opens safety probe into Hyundai Ioniq 5 EVs over power loss reports Read More »
LA PAZ (Reuters) – Chinese battery giant CATL confirmed a $1.4 billion investment to help develop Bolivia’s huge but largely untapped reserves of lithium, cementing on Sunday a partnership with the government made in January. The agreement connects CATL, the world’s largest manufacturer of electric vehicle batteries, with Bolivia’s salt flats that are home to …
Chinese battery giant CATL seals $1.4 billion deal to develop Bolivia lithium Read More »
GENEVA (Reuters) -The World Trade Organization largely backed Japan on Monday in its challenge to Chinese anti-dumping duties imposed in 2019 on imports of Japanese stainless steel. A three-person panel recommended in a report on the case that China bring its measures into conformity with WTO rules. China imposed anti-dumping duties in July 2019 on …
WTO backs Japan over Chinese stainless steel tariffs Read More »
