Reuters Asia Business

EU to make Temu, Shein and Amazon liable for ‘unsafe’ goods, FT reports

1 Feb 2025

(Reuters) – The European Union is planning to make e-commerce platforms such as Temu, Shein and Amazon Marketplace liable for dangerous or illegal products sold online, the Financial Times reported on Saturday. Customs reforms would oblige online platforms to provide data before goods arrive in the EU, allowing officials to better control and inspect packages, …

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US looking into whether DeepSeek used restricted AI chips, source says

1 Feb 2025

By Karen Freifeld (Reuters) – The U.S. Commerce Department is looking into whether DeepSeek – the Chinese company whose AI model’s performance rocked the tech world – has been using U.S. chips that are not allowed to be shipped to China, a person familiar with the matter said. China’s DeepSeek last week launched a free …

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India axes import tax on some smartphone parts in boost to Apple, Xiaomi

1 Feb 2025

By Shivangi Acharya NEW DELHI (Reuters) – India has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman announced in the annual budget on Saturday, in a boost for local production efforts and benefiting firms such as Apple and Xiaomi. India’s electronics production has more than doubled in the …

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China home prices, sales slip further in January, report shows

1 Feb 2025

(Reuters) – China’s sales of new housing and prices for existing residential units both continued to decline in January, a leading real estate research institute said on Saturday. The average price per square meter for existing residential properties was down just over 7% in January from a year earlier based on a survey of markets …

China home prices, sales slip further in January, report shows Read More »

China’s market regulator says ‘stabilising confidence’ key

1 Feb 2025

BEIJING (Reuters) – China’s top financial market regulator said on Saturday that “stabilising the market, stabilising confidence and stabilising expectations” were priorities as the government works to provide better access to capital for leading technology. Wu Qing, who took over as the head of China’s Securities Regulatory Commission a year ago when China’s stock markets …

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South Korea privacy watchdog to ask DeepSeek about personal information use

1 Feb 2025

SEOUL (Reuters) – South Korea’s information privacy watchdog plans to ask DeepSeek about how the personal information of users is managed, an agency official said on Friday. The country’s Personal Information Protection Commission will be sending a written request for information to the operators of the Chinese artificial intelligence model soon, the official said. Authorities …

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Dutch privacy watchdog to launch investigation into China’s DeepSeek AI

31 Jan 2025

AMSTERDAM (Reuters) -The Netherlands’ privacy watchdog AP on Friday said it will launch an investigation into Chinese artificial intelligence firm DeepSeek’s data collection practices and urged Dutch users to exercise caution with the company’s software. “The AP is (issuing this) warning because of the serious concerns that there are over DeepSeek’s privacy policies … and …

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Exclusive-Chinese workers in BYD Brazil factory signed contracts with abusive clauses, investigators say

31 Jan 2025

By Fabio Teixeira, Luciana Magalhaes and Lisandra Paraguassu CAMAÇARI, Brazil (Reuters) -The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions. For many, that made signing up an easy decision …

Exclusive-Chinese workers in BYD Brazil factory signed contracts with abusive clauses, investigators say Read More »

AESC France gains EU nod for $50 million French aid for EV batteries plant

31 Jan 2025

PARIS (Reuters) -AESC France on Friday secured EU approval for 48 million euros ($50 million) worth of French state aid for a new factory to produce lithium-ion batteries for electric vehicles. “We are grateful for this decision and look forward to starting production in Douai later this year,” said Raj Shah, chief communications officer at …

AESC France gains EU nod for $50 million French aid for EV batteries plant Read More »

China’s COFCO committed to Brazil soy-buying moratorium

31 Jan 2025

By Ana Mano SAO PAULO (Reuters) -Chinese state-owned grain trader COFCO is committed to Brazil’s soy-buying moratorium, Allan Virtanen, the company’s global director of communications and sustainability said on Friday, despite pressure from local farmers to make it less rigorous. Virtanen was addressing a news conference and declined to comment further.  The soy moratorium is …

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