BRUSSELS (Reuters) – The Belgian prosecutor’s office said on Tuesday that it has charged five people in connection with a bribery investigation in the European Parliament allegedly linked to China’s Huawei. The five were detained last week. Four have now been arrested and charged with active corruption and involvement in a criminal organization, while a …
Five charged in European Parliament Huawei bribery probe Read More »
By Jonathan Stempel (Reuters) – Google agreed to pay $28 million to settle a class action lawsuit claiming that it favored white and Asian employees by paying them more and putting them on higher career tracks than other workers. The accord with Google, a unit of Alphabet, won preliminary approval last week from Judge Charles …
Google to pay $28 million to settle claims it favored white and Asian employees Read More »
GENEVA (Reuters) – The U.S. mission told China and Canada it was ready to confer with its officials in Geneva after those two countries filed trade disputes in response to new tariffs, World Trade Organization documents showed on Tuesday. Canada requested consultations – the first step in a WTO trade dispute – earlier this month …
US says ready to confer with China, Canada on WTO disputes Read More »
By David Shepardson WASHINGTON (Reuters) – Commerce Secretary Howard Lutnick said Tuesday the Trump administration is seeking help from companies and foreign governments to prevent China from getting U.S. chips, and reiterated his belief Chinese AI company DeepSeek improperly used American chips. “People took our chips and redirected them to China for money,” Lutnick said …
Commerce chief seeks industry help to prevent China from getting US chips Read More »
JAKARTA (Reuters) – Indonesia’s finance minister denied rumours of her imminent resignation and pledged to maintain fiscal discipline at a hurriedly called press conference announced after the country’s benchmark index plunged to a multi-year low on Tuesday. Indonesian stocks fell as much as 7.1% on Tuesday and the rupiah slid to a two-week low against …
Indonesia finance minister denies resignation rumours amid stocks plunge Read More »
(Reuters) – Alphabet said on Tuesday it would buy Wiz for $32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com and Microsoft. Below is a list of the largest U.S. technology deals in the last decade: (Reporting by Kritkia Lamba, …
MILAN (Reuters) – China’s BYD aims to complete works to picking a location for a third plant in Europe in 7-8 months as it prepares to launch operations at its first facility in the region, in Hungary, the EV giant’s special adviser for Europe said on Tuesday. “All options are on the table, all countries …
China’s BYD expects to pick location for third European plant in 7-8 months Read More »
(Reuters) -Tencent Music Entertainment Group’s revenue rose 8.2% in the fourth quarter, as China’s biggest music streaming company registered its second straight quarter of growth after a year-long slowdown. The company posted revenue of 7.46 billion yuan ($1.03 billion) for the quarter ended December, exceeding analysts’ estimates of 7.30 billion yuan, according to LSEG data. …
Tencent Music quarterly revenue climbs 8% on stronger streaming demand Read More »
BEIJING (Reuters) – U.S. tariffs will inflict significant harm on the U.S. economy as other countries hit back with “high tariffs” on American goods, Chinese state media warned, leaving the door open for more measures by Beijing as another wave of levies looms. Barely two months after returning to the White House, President Donald Trump …
US will be hit by ‘high tariffs’ from other countries, China’s Global Times warns Read More »
(Reuters) -Costco Wholesale is pressuring mainland China suppliers to cut prices in response to U.S. tariffs, The Financial Times reported on Tuesday, citing two suppliers. This follows Beijing officials meeting with Walmart earlier this month to discuss media reports that the U.S. retailer asked Chinese suppliers to slash prices to offset tariff impacts. Costco’s Chief …
Costco is pressuring suppliers in mainland China to cut prices, FT reports Read More »
