By Divya Rajagopal TORONTO (Reuters) -Canada will not force Chinese state-investors in three of its large mining companies to divest stakes, as such a move would create policy uncertainty, the natural resources minister told Reuters. In November, Canada had asked three Chinese companies to sell their stakes in Toronto-listed lithium explorers following a national security …
WASHINGTON (Reuters) – China’s government could use TikTok to control data on millions of American users, FBI Director Christopher Wray told a U.S. Senate hearing on Wednesday, saying the Chinese-owned video app “screams” of security concerns. Wray told a Senate Intelligence Committee hearing on worldwide threats to U.S. security that the Chinese government could also …
FBI chief says TikTok ‘screams’ of US national security concerns Read More »
By Eric Onstad LONDON (Reuters) – Indian businessman Prateek Gupta, whom commodity trader Trafigura has accused of “systematic fraud” regarding nickel shipments, is living in the sought-after Palm Jumeirah area of Dubai, London court documents said. Trafigura said on Feb. 9 it had booked a $577 million charge for the first half of 2023 and …
Businessman accused by Trafigura living in Dubai’s Palm Jumeirah-court document Read More »
By Martin Coulter LONDON (Reuters) – TikTok has announced out a new data security regime, nicknamed “Project Clover”, amid growing pressure from lawmakers on both sides of the Atlantic. The European Parliament, European Commission and the EU Council recently banned TikTok from staff phones due to growing concerns about the company, which is owned by …
Under pressure, TikTok unveils new European data security regime Read More »
By Katya Golubkova TOKYO (Reuters) – Qilak LNG plans to invest $5 billion in a proposed liquefied natural gas (LNG) facility in Alaska’s North Slope to compete with Russia’s Yamal project for Asian customers towards the end of this decade, its chief executive said. Major LNG importers such as Japan, South Korea and Taiwan are …
Alaska’s Qilak LNG targets Asia with $5 billion project to compete with Russia Read More »
By Ariba Shahid KARACHI, Pakistan (Reuters) – Honda Atlas Cars Pakistan Ltd has announced the longest plant shutdown to date in the current economic crisis amongst the country’s automakers, which are struggling to obtain raw materials due to import difficulties. The company, a unit of Japanese car giant Honda Motor Co Ltd, said its plant …
Pakistan’s Honda Atlas shuts production to end-March on import difficulties Read More »
By Jorgelina do Rosario LONDON (Reuters) – China’s pledge to support Sri Lanka’s debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations. Analysts remain cautious on how significant China’s new commitment …
Analysis-China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain Read More »
SHANGHAI/BEIJING (Reuters) -China’s passenger vehicle sales fell 20% in the first two months of this year, industry data showed on Wednesday, underscoring weak demand in the world’s biggest auto market even as some car manufacturers offer reduced prices to revive demand. Sales in February, 1.42 million units, were 10.4% higher than a year earlier, a …
China’s Jan-Feb passenger cars sales down 20% – CPCA Read More »
SHANGHAI (Reuters) -Ford Motor said on Wednesday it was offering a discount of 40,000 yuan ($5,700) on its Mustang Mach-E electric SUVs in China until the end of April. Mustang Mach-E cars were now available in China at prices starting at 209,900 yuan in China after the discount, a company representative at Ford China said. …
Ford discounts Mustang Mach-E electric SUVs in China Read More »
By Josh Ye and Julie Zhu HONG KONG (Reuters) – China has announced plans for a national data bureau, describing it as part of an effort to coordinate data resources in the country and to achieve a vision of “digital China” conceived by President Xi Jinping. Its formation, which is part of a sweeping government …
Factbox-China moves towards digital economy dream with national data bureau Read More »
