Reuters Asia Business

China suspends Lithuanian beef, dairy, beer imports as Taiwan row grows

By Dominique Patton and Andrius Sytas BEIJING/VILNIUS (Reuters) -China suspended imports of beef, dairy and beer from Lithuania this week, Lithuania’s veterinary control agency said on Thursday, amid a growing trade dispute over the Baltic nation’s relations with Taiwan. China’s General Administration of Customs had informed the country it was halting the exports due to …

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China gives property firms easier access to escrow funds -report

By Xie Yu and Clare Jim HONG KONG (Reuters) – China has moved to give real estate firms easier access to presale proceeds from residential projects, local media outlet Cailianshe said on Thursday, as authorities seek to loosen a stifling liquidity squeeze in the property sector. Chinese developers are allowed to sell projects before completing …

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YouTube floats ideas of verifying NFTs, watching games in metaverse

By Paresh Dave (Reuters) – YouTube on Thursday elaborated on its blockchain and metaverse plans for 2022, saying it could harness the emerging technologies to cut fraud in the fast-growing digital art market and offer a more social viewing experience for gaming content. The world’s largest streaming service, which is owned by Alphabet Inc’s Google, …

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United States to host APEC summit next year – White House

WASHINGTON (Reuters) – The United States will host the Asia-Pacific Economic Cooperation’s (APEC) annual meeting in 2023, according to a White House statement on Thursday. White House spokeswoman Jen Psaki, in a statement, thanked the group for supporting the U.S. offer to host, saying President Joe Biden’s administration was committed to advancing fair trade, open …

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France seals $8.1 billion deal with Indonesia to sell 42 Rafale jets

By Tassilo Hummel and Stanley Widianto JAKARTA (Reuters) -Indonesia will order 42 Rafale fighter jets in a $8.1 billion deal, France’s defence ministry said on Thursday, as part of a series of agreements also including submarine development and ammunition, making Jakarta the biggest French arms client in the region. The deal comes as Paris, which …

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China’s cyber watchdog spells out development strategies for tech giants

BEIJING (Reuters) -China’s cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a “clearer understanding” and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried out interviews with …

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Samsung’s newest Galaxy S smartphones have enhanced camera, faster chip

By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled the latest versions of its flagship Galaxy S smartphones on Wednesday which feature enhanced camera functions and a faster processor chip, hoping the upgrade will revive sales after two weak years. The S22 series will directly compete with Apple’s iPhone 13 launched last September. Samsung’s two-track …

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