By Geert De Clercq and Helen Reid BRUSSELS (Reuters) -The European Commission has asked online fast-fashion retailer Shein to provide internal documents and more detailed information on risks linked to the presence of illegal goods and content on its marketplace, the EU executive said on Thursday. Shein said it welcomes “efforts that enhance trust and …
European Commission asks Shein for information on illegal goods Read More »
By Libby George and Virginia Furness LONDON (Reuters) – The United States’ decision to freeze and potentially scrap its core aid agency jolted countries receiving its funding and could make it harder for emerging economies to attract private cash, investors said. The U.S. Agency for International Development (USAID) not only disbursed $44 billion in fiscal …
Analysis-Trump’s aid cuts imperil emerging market investment cash Read More »
BEIJING (Reuters) – The government in the Chinese city of Shenzhen has made 10 new management appointments at China Vanke, according to an internal document seen by Reuters, in another move to tighten control over the property developer. Vanke, one of the best-known property company names in China and currently around a third owned by …
Shenzhen government tightens control over Vanke with management changes, document shows Read More »
By Neha Arora NEW DELHI (Reuters) – Japan has called on India to exempt it from any temporary tax aimed at curbing rising steel imports, according to a source and documents, arguing the move would crimp supplies of high-grade, speciality alloys that New Delhi needs. India, the world’s second biggest crude steel producer, initiated an …
Japan seeks steel import tariff exemption from India, documents show Read More »
By Abhijith Ganapavaram (Reuters) – Boeing said on Thursday it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels, as a rising middle class and healthy economic growth spur travel. The U.S. planemaker’s previous rolling 20-year market forecast, issued …
Boeing expects Indian, South Asian airlines to add over 2,800 jets in next 20 years Read More »
BEIJING (Reuters) – DeepSeek has temporarily suspended API service top-ups, a platform that allows developers of other models to integrate its AI models, due to server resource constraints, its website showed Thursday. The Chinese AI start-up has in the past two weeks faced server issues due to the high traffic spurred by the global clamour. …
DeepSeek temporarily suspends API service top-ups Read More »
(Reuters) – U.S lawmakers plan to introduce a bill on Thursday that would ban DeepSeek’s chatbot application from government-owned devices, the Wall Street Journal reported on Thursday. (Reporting by Nilutpal Timsina in Bengaluru; Editing by Christina Fincher)
TOKYO (Reuters) – Japanese trading house Itochu posted on Thursday an increase of 11% in nine-month net profit to December of 676.5 billion yen ($4.44 billion) from the corresponding period a year earlier. The company kept unchanged its full-year profit forecast of 880 billion yen for the fiscal year ending in March. Itochu is considering …
Japan’s Itochu 9-mth net up 11%, firm weighs investing in Seven & i Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – The selection committee for the chair of the Bank of Thailand expects to pick a candidate at the end of this month, the panel head said on Thursday, after a government effort to appoint a former finance minister failed due to recent political ties. The role …
Thai panel expects to pick central bank board chair this month after long delay Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank interest rates have room to fall further as inflation moderates, ECB board member Piero Cipollone said, warning that the U.S. administration’s trade war with China could have a detrimental impact on the 20-member euro zone. The ECB has lowered borrowing costs five times …
Europe could be a big loser in US-China trade war, ECB warns Read More »
