Reuters Asia Business

SINGAPORE (Reuters) -Two Chinese robotaxi companies said on Saturday they will partner with Singapore companies to launch shuttle services in the city-state as it expands into autonomous driving.  Ride-hailing operator Grab said it would partner with China’s WeRide to begin services next year. Pony.ai and Singapore taxi and transport company ComfortDelGro said they were teaming …

Two robotaxi groups flag autonomous shuttle services for Singapore Read More »

By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Donald Trump said he and Chinese President Xi Jinping made progress on a TikTok agreement and would meet face-to-face in six weeks in South Korea to discuss trade, illicit drugs and Russia’s war in Ukraine. The two sides appeared to lower tensions during the first call in three …

Trump and Xi make progress on TikTok deal, plan to meet in South Korea Read More »

By Leika Kihara TOKYO (Reuters) -Shinjiro Koizumi, launching a bid to become Japan’s next prime minister, pledged on Saturday to focus on revitalising the economy by boosting wages and productivity to counter rising prices. Koizumi, seen as a frontrunner in the ruling party’s leadership race, said Japan must shift the focus of economic policy from …

Japan PM contender Koizumi vows wage hikes to counter inflation Read More »

By David Shepardson and David Brunnstrom WASHINGTON (Reuters) – President Donald Trump and Chinese President Xi Jinping’s progress on a TikTok deal this week could help bolster talks to allow parent ByteDance to divest the U.S. assets of the short video app, experts said.  The move forward, albeit a small one, comes eight months after …

Sale of TikTok’s US assets may get boost after Trump-Xi call Read More »

BEIJING (Reuters) – China’s market regulator launched an investigation into Kauigou, an e-commerce unit of live-streaming service provider Kuaishou Technology, over suspected violations of China’s e-commerce law, it said on Friday. The live-streaming e-commerce industry is “plagued by illegal and irregular occurrences such as false marketing and counterfeit products despite repeated bans,” the State Administration …

China’s market regulator probes Kuaishou’s e-commerce unit Read More »

By Rashika Singh and Shivansh Tiwary (Reuters) – Shares of FedEx rose as much as 2% in early trade on Friday, after the parcel giant’s first-quarter results surprised Wall Street, driven by strong domestic deliveries and cost-cutting measures that offset a tariff-induced decline in international volumes. The company, seen as a bellwether for global trade …

FedEx shares rise as U.S. deliveries, cost cuts drive first-quarter results beat Read More »

By Samantha Marshak NEW YORK (Reuters) – Fleur Arbel and Christophe Kairouz, both from France, were lured into Louis Vuitton’s New York flagship recently by a colorful sculpture of a monogrammed giraffe and ostrich above the store’s entrance. But the two 24-year-olds are more likely to spend their shopping dollars elsewhere, as Louis Vuitton’s heavy …

Luxury brands’ big challenge: figuring out Gen Z ​ Read More »