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Taiwan to further tighten export controls for dual-use technology

TAIPEI (Reuters) -Taiwan will tighten its export controls for potential dual-use civilian-military technology to include quantum computers and advanced semiconductor equipment to fulfil its obligations to stop weapons proliferation, its economy ministry said. Since Russia invaded Ukraine in 2022, Taiwan has announced successive updates to its export control regime to prevent Taiwanese high-tech goods from …

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Japan trade minister says no particular change in China rare earth export controls

TOKYO (Reuters) -Japan’s Trade Minister Ryosei Akazawa said on Tuesday there are currently no particular changes in China’s export control measures on rare earths and other materials. Akazawa’s remarks come as Japan seeks to ease tensions with China amid an escalating dispute over Taiwan. (Reporting by Ritsuko Shimizu, Writing by Kaori Kaneko; Editing by Jacqueline …

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China seeks more cooperation with Russia in energy, agriculture

BEIJING (Reuters) -China is ready to deepen cooperation with Russia in energy, agriculture and other investments, Premier Li Qiang said during a meeting with Russian Prime Minister Mikhail Mishustin in Moscow on Monday. Li told Mishustin that China welcomes more agricultural and food products from Russia, according to the official news agency Xinhua. China also …

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Bank Indonesia to hold rates steady at 4.75% on November 19, cut next month

By Rahul Trivedi BENGALURU (Reuters) -Bank Indonesia will hold its key interest rate steady again on Wednesday to limit pressure on the rupiah while it presses commercial banks to lower lending rates and assess the impact of previous rate cuts on the economy, a Reuters poll of economists showed. Last month, when BI unexpectedly paused …

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China and Germany agree to work on closer commercial ties, end trade tensions

By Maria Martinez and Liz Lee BEIJING (Reuters) -China’s Vice Premier He Lifeng and German Finance Minister Lars Klingbeil agreed on Monday that the two countries should strengthen commercial ties and bring an end to months of trade tensions between the world’s second- and third-largest economies. Klingbeil met He in Beijing on the first visit …

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Japan government panel member Kataoka calls for $149 billion stimulus package

By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) -Japan must compile a stimulus package of around $149 billion to support an economy hobbled by U.S. tariffs and weak consumption, Goushi Kataoka, a private-sector member of a key government panel, told Reuters on Monday. The proposed 23 trillion yen ($148.65 billion) in spending and tax cuts …

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Exclusive-Indonesia coal power phase-out plan at risk due to stalled international funding

By Sudarshan Varadhan BELEM, Brazil (Reuters) -Indonesia’s plan to retire 6.7 gigawatts of coal-fired power plant capacity by 2030 to fight climate change is at risk of failure due to stalled disbursal of funding from rich countries, the country’s top official overseeing the program told Reuters. A coalition of 10 donor nations called the Just …

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China’s C919 takes to Dubai skies in bid to win over Gulf buyers

By Ahmed Elimam, Federico Maccioni and Tim Hepher DUBAI (Reuters) -China raised its global aerospace presence with a flying display by its C919 jetliner in Dubai on Monday, as Chinese planemaker COMAC pursues a place in a market wrestling with delivery delays at Boeing and Airbus. China’s first fully-fledged domestic jetliner, in a white livery …

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Chinese EV maker XPeng forecasts weak fourth quarter revenue amid fierce competition

(Reuters) -Chinese electric vehicle maker XPeng forecast fourth-quarter revenue below estimates on Monday, as a prolonged price war and intensifying competition in the world’s largest auto market threaten to slow its growth. The company’s U.S.-listed shares, which have more than doubled this year, fell nearly 8% in early morning trading. The cautious outlook comes despite …

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