By Joe Cash BEIJING (Reuters) -European firms in China doubt the government has a credible plan to boost demand in the ailing economy or will carry out long-promised reforms, diminishing their appetite to invest in the country, a European business lobby group said on Wednesday. The European Union Chamber of Commerce in China said in …
European firms doubt China’s appetite to fix economy, lobby group says Read More »
By Tim Hepher and David Shepardson WASHINGTON (Reuters) – The head of aerospace and defense giant RTX sounded the alarm on global supply chains in the wake of the COVID-19 pandemic and warned that finding qualified labor for in-demand jet industry production lines remains a “huge” challenge. “The supply chain has not recovered,” Executive Chairman …
RTX sees labor challenges, exploring alternatives to China suppliers Read More »
By Abigail Summerville NEW YORK (Reuters) -U.S. antitrust regulators have told Seven & i it may probe a potential deal with Canada’s Alimentation Couche-Tard, two sources familiar with the matter said, in an early sign that a merger could face regulatory scrutiny. The Federal Trade Commission sent Seven & i a notice of its intent …
FTC may probe potential Seven & i, Couche-Tard deal, sources say Read More »
By Toby Sterling AMSTERDAM (Reuters) -The Dutch government on Tuesday clarified that ASML needs a licence to provide spare parts and software updates for computer chipmaking equipment it has previously sold to Chinese customers that now falls under export restrictions. That includes the two additional tools that the Dutch government added to its national control …
ASML needs licence to service some equipment in China, Dutch government says Read More »
(Reuters) – Apple unveiled a raft of AI-powered features for its latest iPhone 16 lineup at an event on Monday, as global smartphone makers turn to generative AI to encourage customers to upgrade. Here are the key AI features from Apple and rival Android phone providers such as Alphabet’s Google, South Korea’s Samsung, as well …
Factbox-How AI features of iPhone and rival smartphones stack up Read More »
By Karen Freifeld (Reuters) -The U.S. House of Representatives passed a bill on Monday that aims to restrict business with China’s WuXi AppTec, BGI and several other biotech companies on national security grounds, drawing condemnation from Beijing. It was the first floor vote for the Biosecure Act, which would prohibit federal contracts with targeted firms …
US bill to restrict business with China’s WuXi AppTec, BGI passes House Read More »
By Praveen Paramasivam SRIPERUMBUDUR, India (Reuters) -Samsung Electronics’ production at a key plant in southern India was disrupted for a second day by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labour unrest. South Korea-based Samsung, India’s biggest consumer electronics company, counts the country …
Indian strike hits Samsung production at key electronics plant Read More »
By Joe Cash and Ethan Wang BEIJING (Reuters) -China’s exports grew at their fastest pace in nearly 1-1/2 years in August, suggesting manufacturers are rushing out orders ahead of tariffs expected from a growing number of trade partners, while imports disappointed amid weak domestic demand. The mixed trade data highlights the challenge facing Beijing as …
China’s exports up solidly but slowing imports dim trade outlook Read More »
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies on Tuesday unveiled a $2,800 tri-foldable phone as it seeks to extend its lead in the world’s biggest smartphone market and steal the spotlight from Apple hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users …
Huawei seeks to steal spotlight from Apple with launch of $2,800 tri-fold smartphone Read More »
BENGALURU (Reuters) – The Indian operations of South Korean giant Samsung Electronics were disrupted for a second day on Tuesday after hundreds of workers at its consumer electronics plant in southern India boycotted work to demand higher wages. Here are facts about Samsung’s India operations and its strike-hit factory: INDIA OPERATIONS * Samsung entered India …
Factbox-What are the Indian operations of strike-hit Samsung Electronics? Read More »
