By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist After two days of strong gains in world stocks amid the widespread relief over cooling Middle East tensions, relative stability was the hallmark of trading on Wednesday, with major asset classes moving in …
LONDON (Reuters) -Samsung Electronics on Wednesday won a ruling from London’s High Court in its attempt to get an interim licence to use ZTE’s patents, in the English leg of the firms’ global licensing dispute over mobile phone patents. English courts have recently permitted parties to pursue short-term patent licences pending trial, including in Amazon’s …
Samsung wins interim licence in UK patent fight with ZTE Read More »
By Ernest Scheyder LAS VEGAS (Reuters) -China by next year will overtake Australia as the world’s top miner of the battery metal lithium, according to a forecast from consultancy Fastmarkets, and its market prowess is expected to grow through 2035 even as many Chinese producers remain unprofitable. The projections are the latest data point underscoring …
China to overtake Australia as world’s top lithium miner by 2026, Fastmarkets says Read More »
(Reuters) -Foxconn is nearing a deal to supply electric buses to Japanese commercial automaker Mitsubishi Fuso Truck and Bus, Japan’s Nikkei newspaper reported on Thursday, citing a source close to the Taiwanese chipmaker. Mitsubishi Fuso, owned by Daimler Truck, plans to sell the Model T bus and Model U microbus, both developed by Foxconn, under …
Foxconn nears deal to supply electric buses to Mitsubishi Fuso, Nikkei reports Read More »
By Sudarshan Varadhan and Sam Li SINGAPORE/BEIJING (Reuters) -Top thermal coal importers China and India are slashing Indonesian shipments of the power-generating fuel in favour of energy-dense grades from elsewhere as a global fall in prices has made higher-quality coal more competitive. Coal purchases by China and India from Indonesia, the world’s biggest exporter, are …
China, India shift to higher-grade coal, cut Indonesian imports Read More »
BEIJING (Reuters) -Chinese automaker BYD said it signed an agreement with Austrian steelmaker voestalpine on Tuesday, selecting it as the steel supplier for BYD’s passenger vehicle plant in Hungary. The cooperation marks an important step in BYD’s localisation strategy, the company said in its statement posted on its social media account on Wednesday. (Reporting by …
BYD names voestalpine as steel supplier for its Hungarian auto plant Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -A bipartisan group of U.S. lawmakers on Wednesday planned to introduce a bill in both houses of Congress that would bar U.S. executive agencies from using artificial intelligence models developed in China, including those from DeepSeek. The introduction of the bill, dubbed the “No Adversarial AI Act,” comes after …
US lawmakers introduce bill to bar Chinese AI in US government agencies Read More »
(Reuters) -OpenAI said on Wednesday its analysts have seen notable progress by Chinese start-up Zhipu AI in securing government contracts across several regions, signaling China’s growing momentum in pursuing global AI leadership. Zhipu AI, which is backed by the Chinese Communist Party, aims to “lock Chinese systems and standards into emerging markets before U.S. or …
OpenAI says China’s Zhipu AI gaining ground amid Beijing’s global AI push Read More »
By Yuka Obayashi TOKYO (Reuters) -Japan could face a big power shortfall in 2050 if demand surges and aging thermal power plants are not replaced and older nuclear plants are decommissioned, the country’s power transmission operators said on Wednesday in a long-term forecast. For years Japan had predicted a drop in future electricity demand due …
Japan could face potential power supply crunch in 2050, grid monitor says Read More »
BEIJING (Reuters) -Chinese electric vehicle maker Xpeng has not been exporting new cars as used, an Xpeng executive was reported as saying by Shanghai-based official media outlet The Paper on Wednesday. China’s auto industry has inflated car sales for years through a burgeoning government-backed grey market that registers new cars right off the assembly line …
Xpeng executive says company does not export new cars as ‘used’, Chinese media report Read More »
