Reuters Asia Business

ROME (Reuters) – World food prices dipped in May for a second consecutive month after hitting a record high in March, although the cost of cereals and meat both rose, the United Nations’ food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index https://www.fao.org/worldfoodsituation/foodpricesindex/en, which tracks the most globally traded food …

Food prices dip in May, cereal output set to decline, U.N. agency says Read More »

TOKYO (Reuters) – Japan’s Panasonic Holdings Corp, which makes batteries for electric car maker Tesla, is finalising a decision on which U.S. state it will choose as the site for a new battery plant, a top executive said on Friday. “We’ve been making various considerations, but we are starting to finalise,” said Panasonic Energy Chief …

Panasonic finalising choice of U.S. state for battery plant – exec Read More »

By Munsif Vengattil NEW DELHI (Reuters) – Indian cybersecurity rules due to come into force later this month will create an “environment of fear rather than trust”, a body representing top tech companies has warned the government, calling for a one-year delay before the rules take effect. The Internet and Mobile Association of India (IAMAI), …

Tech firms say India cyber rules risk creating ‘environment of fear’ Read More »

BANGKOK (Reuters) -Thailand’s parliament on Friday passed the first reading of a 3.185 trillion baht ($92.6 billion) draft budget bill for the 2023 fiscal year starting Oct. 1, aimed at supporting an economic recovery. The budget is crucial to Prime Minister Prayuth Chan-ocha’s government as it attempts to boost Southeast Asia’s second-largest economy, hit by …

Thai parliament passes $93 billion budget bill at first reading Read More »

By Nivedita Balu (Reuters) – Sheryl Sandberg’s exit from Meta Platforms Inc comes at a crucial time for the Facebook parent as it pivots to “metaverse” in the face of slowing ad revenue, although Wall Street analysts say her departure will not be as significant. As second-in-command to founder and Chief Executive Mark Zuckerberg, Sandberg …

Sandberg’s exit may not be a big blow for Facebook-parent Meta Read More »