Reuters Asia Business

By Victoria Waldersee, Christina Amann and Christoph Steitz BERLIN/FRANKFURT (Reuters) – In May, Volkswagen finance chief Arno Antlitz warned that Europe’s top carmaker had about two or three years to prepare for cut-throat competition from abroad, mainly China. This week, he cut that already-tight timetable by a year, sending shockwaves through the global auto sector …

Analysis-China, price cuts and costs: the fuel driving Volkswagen’s crisis Read More »

By Anna Chaberska and Alban Kacher (Reuters) – Several airlines are carrying out precautionary inspections on their Airbus A350 fleets after Hong Kong’s Cathay Pacific found 15 planes that needed fuel line repairs following the in-flight failure of an engine part. The issue occurred on a five-year-old Airbus A350-1000, which uses Rolls-Royce’s Trent XWB-97 engines, …

What are airlines doing in response to Cathay Pacific’s Airbus A350 engine failure Read More »

BEIJING (Reuters) – China lithium futures fell to a fresh low on Friday as worrying macro-economic sentiment accelerated a downtrend due to surging supplies of the metal mainly used in electric vehicles. The most-traded November lithium carbonate futures on the Guangzhou Futures Exchange hit 69,700 yuan ($9,835.74) per ton, the lowest since it was launched …

China lithium prices hit new low on macro concerns, surging supplies Read More »

By Toby Sterling AMSTERDAM (Reuters) -The Dutch government on Friday said it would expand export licensing requirements for some ASML chipmaking equipment, effectively retaking oversight over it from the United States and aligning the two countries’ policy. The United States had previously unilaterally regulated those tools, as part of its campaign to restrict access to …

Dutch government retakes export control over two ASML tools from US Read More »

SEOUL (Reuters) – Japan Airlines does not expect flight cancellations or delays as a result of inspections ordered by Europe’s air safety regulator on engines of Airbus A350-1000 jets, it said on Friday. The European Union Aviation Safety Agency (EASA) said on Thursday Trent XWB-97 engines made by Rolls-Royce should be checked after an engine …

Japan Airlines expects no flight cancellations from A350 inspections Read More »

By Ariba Shahid KARACHI (Reuters) – Up to 50% of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD Pakistan, a partnership between China’s BYD and Pakistani car group Mega Motors, said. Warren Buffett-backed Chinese electric vehicle giant BYD last month announced its entry into …

Electric vehicles will account for up to half of auto sales by 2030, BYD Pakistan says Read More »

By David Kirton and Sophie Yu SHENZHEN, China (Reuters) – Fast food giant Pizza Hut is adapting to China’s sluggish economy by opening stores that offer smaller, cheaper versions of its favourites to attract cost-conscious diners, a strategy its parent Yum China is also using for other brands. In the busy Bao An District of …

New Pizza Hut concept stores in China help frugal diners save Read More »