Reuters Asia Business

Chinese hack of US telecoms compromised more firms than previously known, WSJ says

WASHINGTON (Reuters) – A Chinese hack compromised even more U.S. telecoms than previously known, including Charter Communications, Consolidated Communications and Windstream, the Wall Street Journal reported late on Saturday, citing people familiar with the matter. Hackers also exploited unpatched network devices from security vendor Fortinet and compromised large network routers from Cisco Systems, the newspaper …

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China seeks to bolster ports and aviation hubs in western regions

(Reuters) – China said on Sunday it would launch 15 measures to bolster the development of its western provinces with the construction of logistical infrastructure such as ports and aviation hubs. The General Administration of Customs said the measures would enhance the integration of rail, air, river and sea links in China’s west, state media …

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Hong Kong budget deficit to be just under HK$100 billion, financial chief says

HONG KONG (Reuters) – Hong Kong’s deficit for this fiscal year is expected to be just below HK$100 billion ($13 billion), the city’s finance chief said on Saturday. The government is “focussing on cost-saving measures” to tackle the deficit, Paul Chan told residents on a programme on public broadcaster RTHK where he was gathering public …

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TikTok knew its livestreams exploit children, Utah lawsuit claims

By Jonathan Stempel (Reuters) – TikTok has long known its video livestreams encourage sexual conduct and exploit children yet turned a blind eye because it “profited significantly” from them, according to newly unsealed material in a lawsuit by the state of Utah. The accusations were made public on Friday, ahead of a scheduled Jan. 19 …

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Indonesia signs 15.6 million kilolitres biodiesel allocation for 2025

By Bernadette Christina and Fransiska Nangoy JAKARTA (Reuters) -Indonesia Energy and Mineral Resources Minister signed a decree on Friday allocating 15.6 million kilolitres (KL) of biodiesel for 2025 distribution, while giving the industry until the end of next month to adapt to the higher level of the fuel in the mix. Indonesia, the world’s largest …

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US sanctions China’s Integrity Technology over alleged hacking sweep

WASHINGTON (Reuters) -The U.S. on Friday sanctioned China’s Integrity Technology Group, accusing it of being behind a prolific hacking group known as “Flax Typhoon.” In a statement, the State Department said that Integrity Tech was a large Chinese government contractor with ties to the Ministry of State Security and that its hackers were working at …

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UK lawmakers summon Shein and Temu for questioning over labour practices

By Helen Reid and James Davey LONDON (Reuters) – Fast-fashion online retailer Shein, which is hoping to list in London, faces a UK hearing on Jan. 7 where a British parliamentary committee plans to question the firm, founded in China in 2008, about the rights of workers in its supply chain. The cross-party Business and …

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US Steelworkers’ union criticizes Nippon Steel’s proposal for lack of long-term commitment

(Reuters) -The United Steelworkers union expressed concerns about Nippon Steel’s latest proposal that gives the U.S. government veto power over any potential reductions in U.S. Steel’s production capacity, if they get the approval to merge. The union, which has opposed U.S. Steel’s merger with the Japanese steel giant, said Nippon’s offer fails to commit to …

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