TOKYO (Reuters) – Inpex, Japan’s largest oil and gas exploration and production company, said on Thursday it has bought a 16.7% stake in the Moray East offshore wind farm in Scotland from Mitsubishi to expand further into renewable energy. The Moray East offshore wind farm, launched last April, has capacity of 950 megawatts from 100 …
Japan’s Inpex buys stake in UK offshore wind farm from Mitsubishi Read More »
(Reuters) – Hong Kong’s January retail sales rose 7% from a year earlier as economic sentiment improved alongside further relaxation of social distancing measures, government data showed on Thursday. Sales increased to HK$36.2 billion ($4.61 billion) in a second consecutive month of growth. That compared with a revised 1.2% rise in December. In volume terms, …
BEIJING (Reuters) – China is willing to conduct candid consultations with the United States to reduce restrictions on bilateral trade and investment, China’s vice minister for commerce said on Thursday. The two countries need to create a stable and predictable trade and economic environment to enhance confidence and business cooperation, he told a news conference. …
China wants candid talks with US on improving trade, investment – Chinese minister Read More »
By Hyunjoo Jin, Joseph White and Akash Sriram SAN FRANCISCO (Reuters) -Tesla Inc will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil when it will debut a much-awaited affordable electric vehicle. Shares fell more than 5% in after hours trade …
Tesla vows to halve EV production costs, Musk keeps affordable car plan under wraps Read More »
By Jorgelina do Rosario LONDON (Reuters) – Countries in debt distress such as Zambia and Sri Lanka turning to the International Monetary Fund (IMF) for financial help are facing unprecedented delays to secure bailouts as China and Western economies clash over how to provide debt relief. IMF funding is often the sole financial lifeline available …
Analysis-Cash-strapped countries face IMF bailout delays as debt talks drag on Read More »
(Reuters) -Video streaming service of Netflix Inc was back up on Thursday after facing a brief disruption in the United States, according to outage reports on Downdetector.com. At its peak, there were more than 2,000 incidents of issues with Netflix, said Downdetector, which collates status reports from a number of sources. Netflix did not immediately …
Netflix back up after brief outage in US – Downdetector Read More »
BEIJING (Reuters) – Budweiser Brewing Co APAC, Asia’s largest beer company by sales, said on Thursday it will expand into more Chinese cities with its premium products as it sees a rebound in demand after the country lifted its COVID-19 curbs. In December, China suddenly dropped its strict three-year-old zero-COVID policy, which had battered business …
Budweiser APAC bets on post-COVID China thirst for premium beer Read More »
(Reuters) – Vietnamese electric vehicle maker VinFast delivered its first 45 cars to customers in California on Wednesday, its first sales outside Vietnam. The company, a subsidiary of conglomerate Vingroup JSC, had shipped 999 vehicles to California in November but faced more than two months of costly delays in preparing them for delivery. Last week, …
BEIJING (Reuters) -China is willing to “constructively” participate in solving the debt problems of relevant countries under a multilateral framework, Premier Li Keqiang said on Wednesday. China, the world’s largest bilateral creditor, has criticised multilateral lenders for not accepting losses, or haircuts, on loans to low-income countries while Beijing is being asked to do so …
China willing to play constructive role in debt talks Read More »
By Richa Naidu, Elisa Anzolin, Christoph Steitz and Jessica DiNapoli LONDON/MILAN/FRANKFURT/NEW YORK (Reuters) – The world’s top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world’s No. 2 economy is reviving after the pandemic. Upbeat comments …
From condoms to cosmetics, China sales grow as lockdowns end Read More »
