Reuters Asia Business

(Reuters) -Chinese tech giant Alibaba Group launched Qwen 3 on Tuesday, an upgraded version of its flagship artificial intelligence model that introduces new hybrid reasoning capabilities. The launch comes as competition in China’s AI sector intensifies, spurred by the breakout success of local startup DeepSeek earlier this year, which claimed to have built high-performing models …

Alibaba unveils advanced Qwen 3 AI as Chinese tech rivalry intensifies Read More »

By David Shepardson WASHINGTON (Reuters) – The Federal Communications Commission will vote on May 22 to finalize a rule that will bar Chinese labs deemed a risk to U.S. national security from testing electronic devices like smartphones, cameras and computers for use in the United States. All electronics used in the United States must go …

FCC to vote to bar Chinese labs deemed security risks from testing US electronics Read More »

By Christoph Steitz, Marie Mannes, Kalea Hall, Lisa Baertlein FRANKFURT/STOCKHOLM/DETROIT/LOS ANGELES (Reuters) -The fallout from U.S. President Donald Trump’s trade war reverberated further through the corporate world on Tuesday, as delivery giant UPS said it would cut 20,000 jobs to lower costs, while General Motors pulled its outlook and pushed its investor call to Thursday …

GM delays investor call, UPS axes 20,000 jobs as Trump’s tariffs create corporate chaos Read More »

(Reuters) -Snap shares tumbled more than 15% on Wednesday after the social media company held back its forecast, stoking fears that advertisers were cutting their spending due to tariff-led economic uncertainty. Health of the advertising market will be yet again in focus when Meta Platforms, which owns ad-reliant platforms like Facebook, reports results after the …

Snap drops as scrapped forecast stokes ad slowdown fears before Meta earnings Read More »

(Reuters) -Fast fashion retailer Shein is weighing a restructuring of its U.S. operations as U.S. President Donald Trump’s tariffs on Chinese imports threaten to jeopardize its London IPO, the Financial Times reported on Wednesday. The U.S. business, which generates roughly one-third of Shein’s $38 billion annual revenue, is expected to face significant pressure as a …

Shein weighs US restructuring as tariff risks cloud London IPO, FT reports Read More »

TOKYO (Reuters) -Japan’s top trade negotiator Ryosei Akazawa said on Wednesday that he aims for steady but quick progress in tariff negotiations with the United States as losses at the country’s automakers from the tariffs constantly increase. “The head of an automaker we spoke to told us that his company is suffering a $1 million …

Japan aims for steady progress as automakers’ losses balloon, top negotiator says Read More »