By Stephen Nellis SAN FRANCISCO (Reuters) -Apple on Thursday said it would lower commissions for “mini apps” on iPhones and other devices. Apple’s App Store charges commissions of up to 30% on digital purchases. Under the program announced Thursday, that rate will come down to 15% for developers of mini apps – often game titles and …
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By Alexandra Alper WASHINGTON (Reuters) -Top Senate Democrats including Senate Minority Leader Chuck Schumer took aim at the Trump administration for suspending a measure that blocked thousands of Chinese companies from accessing U.S. technology in the last round of trade talks with Beijing, calling it a “giveaway of key national security tools.” The rule, unveiled …
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By Toby Sterling AMSTERDAM (Reuters) -Customers of Chinese-owned Dutch chipmaker Nexperia are working with the company on a workaround to bypass a feud between the Europe-based unit and its packaging plant in China, two sources close to the firm told Reuters. The workaround, previously unreported, is not a permanent solution, nor feasible for smaller clients, …
(Reuters) -Toyota is recalling 126,691 Tundra and Lexus vehicles in the U.S. over manufacturing debris that may stall the engine, the U.S. National Highway Traffic Safety Administration said on Thursday. NHTSA said the remedy is under development and will be performed once available. (Reporting by Ananya Palyekar in Bengaluru; Editing by Mrigank Dhaniwala)
By Philip Blenkinsop and Helen Reid BRUSSELS (Reuters) -European finance ministers agreed on Thursday to bring forward to next year customs duties on low-value parcels arriving in the bloc to crack down on cheap Chinese e-commerce imports, in a move set to hit Chinese online retailers Shein and Temu. The agreement to introduce duties as …
EU ministers agree faster crackdown on China parcels that could hit Shein, Temu Read More »
TOKYO (Reuters) -Nissan Motor is considering a joint project for vehicle and powertrain development with Honda Motor in the U.S., Nissan CEO Ivan Espinosa told the Nikkei business daily on Thursday. Nissan and Honda said last December they were in talks to merge but in February the two Japanese automakers ended the discussions, which were …
Nissan considering car development with Honda in US, Nikkei reports Read More »
By Liam Mo and Brenda Goh BEIJING (Reuters) -Tencent on Thursday said chip shortages were constraining the growth of its cloud business as China’s largest social media and gaming company prioritizes internal AI chip use over renting computing power to external clients. The remarks, which came after Tencent posted strong third-quarter earnings, underscore how escalating …
China’s Tencent says chip shortage curbs cloud growth despite strong Q3 results Read More »
(Reuters) -China’s JD.com topped quarterly revenue estimates on Thursday, as the e-commerce giant benefited from steady consumer spending thanks to government subsidies and lower prices. JD.com saw growth in both user base and customer shopping frequency in the July-September quarter, CEO Sandy Xu told analysts on a results call, adding annual active customers hit 700 …
JD.com tops revenue forecasts as discounts, China subsidy program lift demand Read More »
BRUSSELS (Reuters) -European Union finance ministers agreed on Thursday to bring forward to “as soon as possible in 2026” the introduction of customs duties on low-value parcels arriving in the 27-nation EU, an EU spokesman said, in a move that will hit Chinese on-line retailers Shein and Temu. The initial EU plan was to remove …
EU to impose customs duties on small parcels in 2026 in hit to China’s Shein, Temu Read More »
By Sneha Kumar (Reuters) -Singapore Airlines on Thursday reported a sharp fall in first-half profit, hit by losses at its Indian associate Air India, higher costs and intensifying competition. The airline’s profit slid steeply in the second quarter to S$52 million ($40.18 million) from S$186 million in the first quarter, highlighting Air India’s drag on …
Singapore Airlines profit drop deepens on Air India losses Read More »
