By Chandni Shah (Reuters) – British supermarket group Sainsbury’s said on Sunday it has terminated talks with Chinese e-commerce giant JD.com over selling the Argos general merchandise retailer, a day after confirming discussions were underway. “JD.com has communicated that it would now only be prepared to engage on a materially revised set of terms and …
UK’s Sainsbury’s ends talks to sell Argos to China’s JD.com Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Jamieson Greer will attend a new round of talks with Chinese officials due to start on Sunday in Madrid on trade and other economic issues including a Wednesday deadline for TikTok to divest its U.S. assets, a USTR official said on Saturday. Greer will join U.S. Treasury …
USTR Greer to attend talks with Chinese officials in Madrid on trade, TikTok Read More »
(Reuters) -The International Monetary Fund expressed deep condolences on Saturday for the loss of life caused by Pakistan’s devastating floods and said its upcoming Extended Fund Facility review mission will evaluate whether the country’s fiscal policies and emergency provisions can effectively address the crisis, a senior IMF official said. “The mission will assess whether the …
IMF says Pakistan’s flood spending, budget agility to be reviewed Read More »
By James Davey LONDON (Reuters) – British supermarket group Sainsbury’s is in talks with Chinese e-commerce giant JD.com about selling the Argos general merchandise retailer it bought for 1.1 billion pounds ($1.5 billion) in 2016. Sainsbury’s, which has been focusing more on food since Simon Roberts became CEO in 2020, said on Saturday a deal …
UK’s Sainsbury’s in talks to sell Argos to China’s JD.com Read More »
SHANGHAI (Reuters) -China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for the year by the China Association of Automobile Manufacturers (CAAM). The target was part of a plan to support stable growth in the auto sector that China’s Ministry of Industry and …
China sets 2025 auto sales target below association forecast, vows tighter regulation Read More »
By Karen Freifeld (Reuters) -The United States on Friday penalized two Chinese firms that acquired U.S. chipmaking equipment for China’s top chipmaker SMIC, including them among 32 entities that were added to the Commerce Department’s restricted trade list, according to a U.S. government posting. Twenty-three of the 32 were in China. GMC Semiconductor Technology (Wuxi) …
US penalizes two Chinese companies that acquired tools for chipmaker SMIC Read More »
By Emily Green (Reuters) -Electric car rivals BYD and Tesla are set to be the biggest losers from Mexico’s proposed 50 percent tariff on autos imported from China, triggering a likely blow to the fast-growing electric car market in Mexico while sparing the traditional “Big Three” U.S. car manufacturers. The proposed tariff, announced on Wednesday, …
Analysis-BYD and Tesla set to lose most from Mexico’s proposed tariffs on China Read More »
HANOI (Reuters) – A large database in Vietnam containing data on creditors has been attacked by hackers, and the impact of the breach is still being assessed, according to the country’s cybersecurity agency as well as a document seen by Reuters. The incident involves Vietnam’s National Credit Information Center (CIC), a unit managed by the …
Vietnam investigates cyberattack on creditors data Read More »
MEXICO CITY (Reuters) – Mexican officials are set to speak with representatives from China next week about Mexico’s planned tariffs on goods from the Asian country, President Claudia Sheinbaum said on Friday, saying the tariffs were not intended as a coercion measures. Sheinbaum added that the proposed measures, which are set to impact hundreds of …
Mexican officials to speak with China on tariffs next week Read More »
By Charlie Devereux and Aislinn Laing MADRID (Reuters) -Spain sees hosting talks between the United States and China in the coming days as a chance to repair ties with Donald Trump’s government, days after Washington described its plan to impede arms sales to Israel as “emboldening terrorists”. Treasury Secretary Scott Bessent and Chinese Vice Premier …
Spain sees chance to repair ties with US as it hosts China trade talks Read More »
