By Ananda Teresia and Yuddy Cahya Budiman PANDEGLANG, Indonesia (Reuters) -At a shrimp farm in Indonesia, more than 16,000 km (9,942 miles) from Washington D.C., U.S. President Donald Trump’s import tariffs have left Denny Leonardo’s expansion plans in disarray. Leonardo had aimed to add about 100 new ponds this year to his 150-pond farm on …
Hit by US tariffs, Indonesia plans to sell shrimp to China instead Read More »
By Satoshi Sugiyama TOKYO (Reuters) -Japan’s real wages fell in June for the sixth consecutive month as inflation continued to outpace pay growth, government data showed on Wednesday, raising concerns about consumption-led recovery in the world’s fourth-largest economy. Inflation-adjusted real wages, a key determinant of households’ purchasing power, fell 1.3% in June from a year …
Japan’s real wage falls for sixth straight month in June Read More »
By Unknown ba963b9d-b2a8-46f6-9c97-ab28022407c1 and Unknown 03d22270-62cb-4707-a3af-390212182764 (Reuters) -Taiwanese authorities have detained three people for allegedly stealing technology trade secrets from Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chip foundry, Taiwanese prosecutors said on Tuesday. The three were detained late last month after TSMC reported that an internal investigation had shown that former and current …
Taiwanese authorities detain three over alleged theft of TSMC chip secrets Read More »
By Waylon Cunningham (Reuters) -KFC’s parent company in China reported an aggressive expansion of stores on Tuesday, riding the growth of China’s middle-class in relatively smaller cities that have few chain restaurants despite populations numbering in the millions. Yum China Holdings reported that 336 net new store openings drove most of its 4% sales growth …
(Corrects paragraph 7 to show funds were received on Monday, not that they were announced on Monday) BEIJING (Reuters) -China has recently allocated more than one billion yuan ($139.1 million) to capital Beijing and several other areas to support recovery of agricultural production hit by floods and drought, state broadcaster CCTV said on Tuesday. Funds …
China allocates funds to support agriculture recovery in flood and drought-hit areas Read More »
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s second quarter growth was better than expected, driven by robust investment and household spending, and showed the fastest pace since the second quarter of 2023, but economists said more support may be needed to protect growth in the second half. Gross domestic product accelerated to 5.12% …
Indonesia Q2 GDP beats expectations with fastest growth in two years Read More »
By Colleen Howe BEIJING (Reuters) -China’s renewable power potential in far-flung provinces is increasingly going unused, official statistics showed on Monday, as the country rushes to build more long-distance transmission and energy storage to bridge the gap. The curtailment rate for solar power rose to 6.6% in the first half of 2025 from 3.9% in …
As China’s renewable capacity soars, utilisation lags, data show Read More »
By Jeffrey Dastin and Max A. Cherney SAN FRANCISCO (Reuters) -The production process that Intel hoped would pave the way to winning manufacturing deals and restore its edge in churning out high-end, high-margin chips is facing a big hurdle on quality as it puts newer technologies to the test, two people briefed on the matter …
Exclusive-Intel struggles with key manufacturing process for next PC chip, sources say Read More »
FRANKFURT (Reuters) -Germany’s economy ministry published plans on Tuesday to diversify the sourcing of crucial components used mainly in offshore wind turbines by 2035 to reduce dependency on China. The move is part of the government’s broader “de-risking” strategy amid geopolitical tensions with China, and after the energy crisis sparked by Russia’s war in Ukraine …
Germany aims to reduce reliance on China for wind power components Read More »
(Reuters) -Former deputy Party secretary and general manager of China National Offshore Oil Corporation, Li Yong, was sentenced to 14 years in prison for corruption, state media CCTV reported on Tuesday. Li, born in August 1963, retired in December 2023 after reaching the mandatory retirement age, and was found to have illegally accepted property worth …
