BEIJING (Reuters) – China has revised rules for the provision of online ride-hailing services, the Ministry of Transport said on Monday. Ride-hailing companies can be fined up to 30,000 yuan ($4,315) for failing to obtain operating permits, according to a statement on the ministry website. ($1 = 6.9515 Chinese yuan renminbi) (Reporting by Brenda Goh …
China revises rules for provision of online ride-hailing services Read More »
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s newly appointed Prime Minister Anwar Ibrahim said on Monday his administration will review a plan for a state-owned 5G network introduced by a previous government, as it was not formulated transparently. Under the premiership of Muhyiddin Yassin in 2021, Malaysia unveiled a plan for a state-owned agency …
Malaysia to review plans for 5G network – PM Anwar Read More »
BEIJING (Reuters) – China’s exports and imports likely contracted further in November due to weakening global demand, production disruptions and waning demand at home amid widespread pandemic controls, a Reuters poll showed on Monday. Data for November are expected to show a 3.5% fall in outbound shipments from a year earlier, after October’s figures were …
TOKYO (Reuters) -Japanese billionaire Yusaku Maezawa tweeted on Monday that he plans to make a “big announcement” related to space after a meeting with SpaceX owner Elon Musk. Yusaku Maezawa, founder of online fashion site Zozo Inc, completed a tourist trip to the International Space Station (ISS) on a Soyuz spacecraft in December last year …
Japanese billionaire to make ‘big announcement’ on space after Musk meeting Read More »
By Neil Jerome Morales and Karen Lema MANILA (Reuters) – The Philippines on Monday lowered its economic growth target for 2023, taking into account an anticipated weakening in global activity, but retained its expansion goals for the succeeding five years. The Southeast Asian nation’s economy is now expected to grow 6.0%-7.0% next year, a lower …
Philippines trims 2023 GDP growth target due to global risks Read More »
By Angelo Amante and Francesca Landini CATANIA, Italy (Reuters) – At the foot of Mount Etna in Sicily’s ancient city of Catania, utility Enel has begun work on a giant factory with the ambition of helping to end China’s dominance of the solar market and to galvanise Italy’s under-developed south. The project to expand the …
Enel turns to Sicily to take on China’s solar dominance Read More »
JERUSALEM (Reuters) – Israel’s finance minister on Sunday signed an order to eliminate customs duties on agricultural and industrial imports from South Korea, including on cars, as a new free trade agreement between the countries took effect. Finance Minister Avigdor Lieberman made the change, which will result in the end of a 7% customs duty …
Israel cancels customs duties on South Korean industrial imports Read More »
By Choonsik Yoo and Josh Smith SEOUL (Reuters) – South Korean President Yoon Suk-yeol on Sunday ordered preparations for widening a back-to-work order beyond the cement industry amid a prolonged truckers’ strike. Thousands of South Korean truckers have been on strike for more than 10 days, with negotiators for the government and unions making no …
South Korea’s Yoon prepares to widen back-to-work order amid truckers’ strike Read More »
(Reuters) – Air pollution in Bangladesh is robbing the South Asian nation of economic growth as well as causing premature death and illness, the World Bank said on Sunday. Pollution sapped gross domestic product by 3.9% to 4.4% in 2019 and was the second-biggest cause of death and disability, the global lender said in a …
Air pollution hurts Bangladesh GDP as well as health, World Bank says Read More »
TOKYO (Reuters) – Even as cost-push factors boost inflation, global central banks must be vigilant to the risk of “Japanification”, in which their economies face prolonged low inflation and stagnation, said Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe. Various structural factors could weigh on the neutral rate, or the rate at which monetary policy …
BOJ’s Wakatabe warns risk of ‘Japanification’ not gone yet Read More »
