By Ju-min Park SEOUL (Reuters) -South Korea needs to take measures to support its economy in the short term as it continues tariff talks with the U.S., its likely new finance minister Koo Yun-cheol said on Sunday after being nominated for the role by President Lee Jae Myung. Koo, a former vice finance minister, still …
South Korea’s Lee names Koo Yun-cheol finance minister, makes other picks Read More »
JAKARTA (Reuters) -A lithium-ion battery plant by an Indonesian company and China’s CATL is expected to be in operation by the end of 2026 with initial capacity of 6.9 gigawatt hours, an Indonesian official said on Sunday. The plant is expected to expand to produce electric vehicle batteries with storage capacity of up to 15 …
Indonesia-China lithium battery plant operational by end-2026, official says Read More »
HANOI (Reuters) -Vietnamese electric vehicle manufacturer VinFast began production on Sunday at its second domestic factory, aiming to ramp up output of affordable mini urban models as its global expansion plans face delays. The new facility, located in the central province of Ha Tinh, has an initial annual capacity of 200,000 units and spans 36 …
VinFast opens second domestic EV factory amid global expansion Read More »
By Kanishka Singh and Ismail Shakil OTTAWA (Reuters) -The Canadian government has ordered Chinese surveillance camera manufacturer Hikvision to cease operations in Canada over national security concerns, Industry Minister Melanie Joly said late on Friday. Hikvision, also known as Hangzhou Hikvision Digital Technology Co, has faced numerous sanctions and restrictions by Canada’s neighbor, the United …
Canada orders China’s Hikvision to close Canadian operations Read More »
(Reuters) -Indian state-owned Mazagon Dock Shipbuilders said it would buy a controlling stake in Sri Lankan peer Colombo Dockyard in a deal not exceeding $52.96 million to grow its shipbuilding and repair business. The transaction, involving the acquisition of at least 51% equity in Colombo Dockyard, will close within six months, after which the Sri …
India’s Mazagon Dock Shipbuilders to buy controlling stake in Colombo Shipyard Read More »
By David Lawder, David Ljunggren and Susan Heavey WASHINGTON (Reuters) -U.S. President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting U.S. technology firms, saying that it was a “blatant attack” and that he would set a new tariff rate on Canadian goods within the next week. The move …
Trump cuts off US trade talks with Canada, shattering optimism over tariff deals Read More »
By Hakan Ersen and Miranda Murray FRANKFURT (Reuters) -Germany’s data protection commissioner has asked Apple and Google to remove Chinese AI startup DeepSeek from their app stores in the country due to concerns about data protection, following a similar crackdown elsewhere. Commissioner Meike Kamp said in a statement on Friday that she had made the …
DeepSeek faces ban from Apple, Google app stores in Germany Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices edged up slightly on Friday, recovering from a midday drop into negative territory following a report that OPEC+ was planning to hike production in August, but tumbled about 12% in the week in their biggest drop since March 2023. Brent crude futures settled at $67.77 a barrel, up …
Oil steadies after report of planned OPEC+ August output hike Read More »
WARSAW (Reuters) -Hanwha Ocean has added a comprehensive financing deal to its proposal to sell Poland submarines, the South Korean shipbuilder said on Friday, as it battles rival European bidders. Poland is seeking to buy three submarines under its “Orka” programme as part of an expansion of its military to counter what it says is …
Hanwha Ocean offers Poland financing deal for submarines Read More »
BUDAPEST (Reuters) -Chinese automaker BYD will invest 32 billion forints ($94 million) in a new plant in the northern Hungarian town of Komarom, tripling its annual capacity to 1,250 electric buses and trucks, Hungarian Foreign Minister Peter Szijjarto said. Under right-wing Prime Minister Viktor Orban, Hungary has become an important trade and investment partner for …
BYD to invest $94 million to triple electric bus output in Hungary Read More »
