Reuters Asia Business

By Karen Freifeld and Stephen Nellis (Reuters) -Nvidia Corp, Advanced Micro Devices Inc and other U.S. firms are scrambling to assess whether they must halt sales to units of China’s Inspur Group Ltd after its addition to a U.S. export blacklist last week. The United States last week added Inspur to its trade blacklist for …

Nvidia, AMD grapple with latest U.S. curbs on sales to China’s Inspur Read More »

By Victoria Waldersee and Kate Abnett BERLIN/BRUSSELS (Reuters) – Germany has declared last-minute opposition to a landmark European Union law to end sales of CO2-emitting cars in 2035, demanding that sales be allowed of new cars with internal combustion engines after that date if they run on e-fuels. The EU law would require all new …

Explainer-What are e-fuels, and can they help make cars CO2-free? Read More »

(Reuters) – Chinese short-video sharing app TikTok said on Tuesday it will allow some creators to produce collections of longer videos and charge their audience a premium for access, opening up a new channel of monetization for its users. Its new offering “Series” will allow eligible creators to put collections of up to 80 videos, …

TikTok to allow creators to sell collections of long-format videos Read More »

(Reuters) – Singapore-based Sea Ltd on Tuesday posted its first quarterly profit, as the gaming and e-commerce company benefited from major cost cuts it undertook to offset a post-pandemic slowdown in demand. Shares of the company soared over 15% in morning trading. The Southeast Asian firm had shuttered operations in some countries, cut jobs, and …

Singapore’s Sea reports first profit on cost cuts; shares soar Read More »

SHANGHAI (Reuters) -Chinese President Xi Jinping told CATL on Monday he had mixed feelings about its status as the world’s largest battery maker – remarks that come at a time when the company is rapidly expanding abroad and moving to undercut domestic rivals. After a presentation by CATL Chairman Zeng Yuqun who described how the …

China’s Xi has mixed feelings about CATL’s battery market dominance Read More »

BEIJING (Reuters) – China will advance reforms of branches of the People’s Bank of China, according to a plan submitted on Tuesday for deliberation to the national legislature. China will abolish regional branches of the central bank and set up provincial branches, according to the plan. (Reporting by Beijing newsroom, Editing by Louise Heavens)