(Reuters) -The IMF expects the next funding review for Pakistan in the second half of 2025 and said it would continue discussions with Pakistan authorities towards agreeing over terms of the budget for the 2026 financial year, it said in a statement on Friday. The IMF’s priority remains anchoring inflation within the central bank’s medium-term …
IMF says next Pakistan funding review expected in second half of 2025 Read More »
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) -Vietnam’s technology ministry has ordered telecommunication service providers to block the messaging app Telegram for not cooperating in combating alleged crimes committed by its users, in a move that Telegram said was surprising. In a document, dated May 21 and signed by the deputy head of the …
Telegram ‘surprised’ as Vietnam orders messaging app to be blocked Read More »
By Alberto Alerigi SAO PAULO (Reuters) -Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026. GAC’s move comes at a time of growing competition …
China’s GAC starts auto sales in Brazil, eyes local plant by late 2026 Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes and the dollar eased on Friday after U.S. President Donald Trump unleashed his latest trade threats, recommending 50% tariffs on European Union imports from June 1 and considering a 25% tariff on any Apple iPhones made outside the U.S. Shares of Apple ended 3% lower, while …
Dollar, stocks fall as Trump targets Europe and Apple in tariff threats Read More »
(Reuters) -The European Union will escalate a probe against fast-fashion retailer Shein as early as next week by detailing alleged violations of product safety and other consumer laws that could lead to fines, Bloomberg News reported on Friday, citing people familiar with the matter. The issuing of the so-called common position by the European Commission …
EU probe against Shein advances, violations to be detailed soon, Bloomberg reports Read More »
(Reuters) -Iraq has signed a contract with a consortium consisting of China-based Geo-Jade Petroleum Corp and Basra Crescent to implement an integrated energy project aimed at ramping up Iraq’s Tuba oilfield’s production to 100,000 barrels per day from 20,000 barrels. The South Basra project will also include the construction of a refinery with a capacity …
Iraq and China’s Geo-Jade sign deal for Tuba oilfield expansion Read More »
(This May 22 story has been corrected to fix the name of the chip to Xring O1, not Xring01, in paragraph 2) BEIJING (Reuters) – China’s Xiaomi plans to invest a further 200 billion yuan ($27.8 billion) in core technology research and development over the next five years, founder and CEO Lei Jun said on …
China’s Xiaomi to invest almost $28 billion in core technology R&D over next five years Read More »
BEIJING/BERLIN (Reuters) -Chinese President Xi Jinping and German Chancellor Friedrich Merz in a call on Friday highlighted the importance of their countries’ relationship as both China and Europe are trying to tackle uncertainty caused by U.S. tariff policies. Europe and China are among the biggest trading partners of the U.S. and have deep trading ties …
China’s Xi, Germany’s Merz stress ties to weather trade turmoil Read More »
BEIJING (Reuters) -Suzhou Harmontronics Automation Technology said on Friday that it has filed a lawsuit against CATL and its two subsidiaries over delayed payments totalling 60.9 million yuan ($8.48 million), according to a company filing. The Suzhou-based intelligent manufacturing solution provider said it has signed multiple contracts and orders for battery swapping stations with CATL …
Harmontronics Automation files lawsuit against CATL, subsidiaries over delayed payments Read More »
TOKYO (Reuters) -Nissan Motor is considering selling its headquarters in Yokohama City as part of restructuring plans that include the closure of seven factories worldwide, the Nikkei daily reported on Friday. The headquarters’ asset value is estimated at over 100 billion yen ($700 million), with proceeds potentially covering restructuring costs, the report said without citing …
Nissan considers sale of headquarters in Yokohama, Nikkei says Read More »
