Reuters Asia Business

By Granth Vanaik (Reuters) – DoorDash Inc topped Wall Street expectations for quarterly revenue on Thursday helped by steady demand for ordering food online, despite persistently high inflation and higher prices. Shares of the company rose 11% in extended trading. The company also said Ravi Inukonda will take over as chief financial officer, effective March …

DoorDash beats revenue estimates as consumer demand remains strong Read More »

By Andrea Shalal WASHINGTON (Reuters) – The World Bank, under pressure to do more to help poor countries grapple with climate change, is considering taking on more risk to free up $4 billion in additional lending capacity each year, World Bank President David Malpass told Reuters on Thursday. Malpass said the bank’s International Bank for …

Exclusive-World Bank may loosen loan ratio to free up $4 billion a year Read More »

BEIJING (Reuters) -China on Thursday put Lockheed Martin and a unit of Raytheon Technologies on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the U.S. companies. The measures come amid heightened tensions after the U.S. military shot down what it …

China sanctions Lockheed Martin, Raytheon over Taiwan arms sales Read More »

By David Shepardson WASHINGTON (Reuters) -Tesla Inc said it would recall 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The National Highway Traffic Safety Administration (NHTSA) said the Tesla software …

Tesla recalls 362,000 U.S. vehicles over Full Self-Driving software Read More »

By Jane Lanhee Lee and Kane Wu OAKLAND, Calif./HONG KONG (Reuters) – Chip technology firm Arm China suffered a 90% drop in profit last year despite revenue rising more than 30% during the first year management appointed by SoftBank Group Corp took over, according to a financial document reviewed by Reuters. The company, set up …

Exclusive-SoftBank’s Arm China profit drops over 90% in 2022 -document Read More »

By Angus Berwick and Tom Wilson (Reuters) – Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three …

Exclusive-Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao Read More »

(Reuters) -YouTube Chief Executive and one of the first Google employees, Susan Wojcicki, is stepping down from her role at the tech giant that started in her garage nearly 25 years ago, she said in a personal update on the video-sharing platform on Thursday. Wojcicki, 54, will be replaced by her deputy Neal Mohan, a …

YouTube CEO Wojcicki, one of the first Google employees, steps down Read More »

By Huw Jones LONDON (Reuters) – The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a “pivotal” year for climate reporting. Subject to ‘balloting’, or standard checks before formal publication, the norms are expected to come into …

G20-backed standards body approves first global company sustainability rules Read More »