(Reuters) – A Trump administration policy that allowed companies to ship some U.S. technology below the “5G level” to China’s blacklisted telecommunications equipment maker Huawei is “under assessment,” a key U.S. official said on Tuesday. “A licensing rule of the previous administration still stands for Huawei that allows things below 5G, below cloud level, to …
By Victoria Waldersee and Jan Schwartz BERLIN/HAMBURG (Reuters) -Volkswagen drew criticism from campaigners and a big investor on Tuesday after the head of its Chinese business said he saw no sign of forced labour during a visit to the carmaker’s Xinjiang plant. The works council, which is represented on Volkswagen’s supervisory board, in a statement …
Volkswagen under fire over Xinjiang plant after China chief visit Read More »
By Praveen Paramasivam and Munsif Vengattil CHITTOOR, India (Reuters) -Much of the fire safety equipment at Apple supplier Foxlink’s facility in southern India was not functional, a government official told Reuters on Tuesday, a day after a blaze halted production at the maker of iPhone charging cables. The factory is located in the Chittoor district …
Apple supplier Foxlink’s fire safety systems mostly faulty, official says Read More »
By Ryan Woo BEIJING (Reuters) -Chinese President Xi Jinping envisages “intensive” and “wide-ranging” re-organisation of state and Communist Party entities, with part of the plan to be presented to the annual meeting of parliament, state media said on Tuesday. The renewed call for ambitious institutional reforms follows Xi’s clinching of a precedent-breaking third leadership term …
China’s President Xi, poised for third term, urges ‘intensive’ state and party revamp Read More »
By Siyi Liu and Melanie Burton BEIJING/MELBOURNE (Reuters) – Rare discounts offered by Chinese battery giant CATL to automakers have accelerated a plunge in lithium prices, and the market is set to drop a further 25% with supply growth outpacing demand, analysts and traders say. After a frenzied rush by electric vehicle makers to secure …
Analysis-Lithium price slide deepens as China battery giant bets on cheaper inputs Read More »
By Eduardo Baptista and Farah Master WUDAOGANG, China (Reuters) – Wang Fengqin suffered from hunger in her youth, when Mao Zedong was running China, so it brings her joy to cook a nice dinner whenever her sons visit her in the rapidly depopulating northeastern village of Wudaogang. “Come home to eat, mum can still afford …
Rust belt province got old before it got rich, as much of China will Read More »
By Satoshi Sugiyama and Kaori Kaneko TOKYO (Reuters) -Japanese prosecutors on Tuesday indicted six companies including advertising giant Dentsu Group and seven individuals over the suspected rigging of bids worth $320 million for the Tokyo 2020 Olympics and Paralympics. The indictments follow months of investigations into alleged corruption in the planning and sponsorship of the …
Japan’s Dentsu, others indicted over alleged Olympic contract bid rigging Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s lower house of parliament passed on Tuesday a record 114.4 trillion yen ($839.3 billion) budget for the next fiscal year, a move that promises to further increase the industrial world’s heaviest debt burden. The budget for the year beginning in April features record military spending to cope with threats …
Japan’s lower house of parliament passes record budget Read More »
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Japan will stress the importance of investment in natural gas, liquefied natural gas as well as cleaner fuels such as hydrogen and ammonia during its presidency of the G7 this year, a senior energy official said on Tuesday. Japan, president of the rich-country grouping for 2023, will …
Japan to promote gas, LNG, hydrogen investment during G7 presidency Read More »
By Ariba Shahid KARACHI, PAKISTAN (Reuters) – Pakistan’s central bank is widely expected to raise its key policy rate by 200 basis points in an off-cycle meeting on Thursday as it struggles to unlock critical funding from the IMF, a Reuters poll showed. Investors had anticipated an emergency meeting, which is not uncommon in Pakistan. …
Pakistan central bank may hike rates another 200 bps to unlock IMF funds Read More »
