TOKYO (Reuters) – Japanese automotive hose maker Nichirin Co. on Wednesday said that a U.S. subsidiary had been hit by a ransomware attack forcing it shut down its computerised production controls. The U.S. unit, which supplies hoses to Japanese carmakers, has switched to manual production and shipping in order to keep parts flowing to customers, …
Japanese automotive hose maker Nichirin hit by ransomware attack Read More »
BANGKOK (Reuters) – Thailand’s economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency said on Wednesday. Exports, a key driver of growth, still had momentum despite the impact of Russia’s invasion of Ukraine on the global …
Thai economy to grow 3% this year, 3.7% next year – state agency Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on global indexes rose sharply on Tuesday, with major U.S. stock indexes each ending up more than 2% following a recent selloff, while the Japanese yen fell against the U.S. dollar to its lowest level since October 1998. Wall Street climbed as participants returned from a long …
U.S. stocks jump 2% after recent selloff; yen drops vs dollar Read More »
(Reuters) – Japan’s SoftBank Group Corp said on Tuesday it has named Alex Clavel as the chief executive of its SoftBank Group International (SBGI) unit, replacing Michel Combes. The SBGI division runs the company’s flagship SoftBank Vision Funds as well as all other operations outside Japan. Clavel, who is at present a managing partner at …
SoftBank Group International names Alex Clavel as CEO Read More »
By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) – The Japanese yen plunged against the U.S. dollar on Tuesday to its lowest since October 1998, as the Bank of Japan’s ultra-loose monetary policy was in stark contrast to an aggressive Federal Reserve determined to stamp out soaring inflation. The yen dropped to a new …
By Michael Martina WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken said on Tuesday that the United States is rallying its allies against forced labor as it begins implementing an import ban on goods from China’s Xinjiang region, where Washington says Beijing is committing genocide. U.S. Customs and Border Protection on Tuesday begins enforcing the …
U.S. ‘rallying’ allies against Xinjiang forced labor as import ban begins Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices edged up on Tuesday on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude futures settled 52 cents, or 0.5%, higher at $114.65 a barrel. The U.S. West Texas Intermediate (WTI) crude contract for July …
SEOUL (Reuters) -Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. TerraUSD’s paired token, Luna, plunged in value last month, sparking a sell off and igniting a chain reaction that has pushed some major institutions in the …
South Korea puts crypto company Terraform Labs’ staff on no-fly list Read More »
PARIS (Reuters) -Carmaking partners Renault and Nissan face legal action in France from customers who have suffered problems with some engines made between 2012 and 2016. Christophe Lèguevaques, a lawyer for the MyLeo legal platform involved in the lawsuit, said the companies had just been notified of the group action representing some 1,100 people. He …
Renault and Nissan face legal action in France over engine problem Read More »
By Tim Hepher and Jamie Freed DOHA (Reuters) -Global airlines wrapped up an annual summit on Tuesday by pledging to overcome operational problems that have marred the industry’s recovery from the COVID-19 pandemic such as labour shortages in airports. The International Air Transport Association (IATA) comprising almost 300 airlines sought to put into perspective the …
