(Reuters) -The European Union plans to levy a flat fee on billions of small packages entering the bloc, mainly from China, the Financial Times reported on Tuesday, citing a proposal. The European Commission circulated a draft proposal on a handling fee on Monday after pressure from member states whose customs authorities are overwhelmed by the …
EU to impose flat tax on small items ordered online, FT reports Read More »
By Hongmei Li, Pratima Desai, Lewis Jackson HONG KONG/LONDON (Reuters) -Unusually large shipments of copper to the United States are unlikely to abate as long as the threat of tariffs hangs over the market and price premiums for the metal on U.S.-based COMEX make deals profitable for traders and producers, analysts said. Since February, when …
Trump’s copper tariff threat still a lucrative bet for traders Read More »
By Chang-Ran Kim and Yoshifumi Takemoto TOKYO (Reuters) -Japanese farm minister Taku Eto resigned on Wednesday after remarks he made about rice triggered a firestorm of criticism from voters and lawmakers, posing a fresh challenge to Prime Minister Shigeru Ishiba’s embattled government. Eto has been in hot water since media reports exposed comments he made …
Japanese farm minister resigns following gaffe over rice Read More »
SEOUL (Reuters) -South Korea’s largest defence firm Hanwha Aerospace said in a regulatory filing on Wednesday it is revising a previously announced capital increase plan. The new plan is worth 2.9 trillion won ($2.09 billion), up from its previous plan of 2.3 trillion won, according to the filing. A Hanwha Aerospace spokesperson said the change …
South Korea’s Hanwha Aerospace revises capital increase plan Read More »
HONG KONG (Reuters) -China and the Association of Southeast Asian Nations (ASEAN) have completed negotiations to further refine their free trade area to include the digital and green economy and other new industries, China’s commerce ministry said on Wednesday. ASEAN, made up of 10 Southeast Asian countries, is China’s largest trading partner, with the value …
China, ASEAN complete negotiations on upgraded free trade deal Read More »
By Nick Carey (Reuters) -Volvo Cars and Alphabet’s Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new versions long before they are available via car industry rivals. “We’re going to be able to be fast in bringing new capabilities, …
Google, Volvo Cars deepen partnership to develop Android software for vehicles Read More »
By Rocky Swift TOKYO (Reuters) -Yields on long-dated Japanese government bonds rose to new records on Wednesday in the wake of a poor auction result that cast doubt over debt sales looming in the weeks ahead. Super-long yields have been on the rise, following U.S. Treasury yields higher and as concerns swirled about new fiscal …
Japan’s super-long yields rise to all-time highs on fiscal, auction concerns Read More »
KUALA LUMPUR (Reuters) -Malaysia’s trade ministry is planning incentives for its domestic semiconductor industry in July, state media reported on Wednesday, citing the trade minister. Trade Minister Tengku Zafrul Aziz said he could not provide details at the moment but said that the government would continue to support the chipmaking industry, state news agency Bernama …
Malaysia to offer incentives for its chipmaking industry, state media reports Read More »
By Zhang Yan ABU DHABI (Reuters) -FAW Trucks, China’s largest truck maker by sales, believes it will be able to eventually sell more than 10,000 trucks a year in the Middle East and is seeking local partners to reach that goal, its chairman said on Wednesday. Li Sheng, chairman of FAW Trucks, said as part …
China’s FAW Trucks aims for 10,000 sales a year in Middle East, chairman says Read More »
(This May 20 story has been refiled to remove a typo in paragraph 6) TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Tuesday an artificial intelligence centre it has announced with Nvidia will be built in phases and is targeted to have 100 megawatts of power. Foxconn Chairman Young Liu …
Taiwan’s Foxconn says AI data centre with Nvidia to have 100 MW of power Read More »
