By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan wants renewable energy to account for up to 50% of its electricity mix by fiscal year 2040 with nuclear power taking up another 20%, according to a draft of its revised basic energy policy, as it makes a clean energy push while meeting rising power demand. …
Japan targets 40-50% power supply from renewables by 2040 Read More »
By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korean investigators probing President Yoon Suk Yeol’s short-lived martial law declaration failed to gain entry to his office to seek evidence on Tuesday after presidential office security staff denied them entry, Yonhap news agency reported. Yoon was impeached on Saturday over his martial law decree and …
South Korean authorities fail to raid presidential office again, Yonhap says Read More »
TAIPEI (Reuters) – Taiwan is in talks with Amazon about collaborating for the company’s new Kuiper broadband internet constellation of satellites, the island’s technology minister said on Tuesday, as the government seeks to build communication resilience. Taipei has been looking at plans to preserve communications if China attacks, including satellites in medium and low Earth …
Taiwan says it is in talks for Amazon’s Kuiper internet satellite system Read More »
By Casey Hall, Roushni Nair and Rishav Chatterjee (Reuters) -Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the retail giant reshuffles its business portfolio to focus on its core e-commerce operation. The sale marks a further acceleration of Alibaba’s …
Alibaba to sell China department store chain Intime for $1.3 billion loss Read More »
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate held steady at 3.1% in the September-November period versus the prior three-month period, the government said on Tuesday. “The labour market should remain largely stable in the near term, though the situation in some sectors might be more affected by increased uncertainties in the global …
Hong Kong’s Sept-Nov unemployment holds steady at 3.1% Read More »
SEOUL (Reuters) – South Korea’s monetary policy board members said there was a need to respond quickly and preemptively to a slowing economy, as they decided to lower interest rates for a second straight meeting on Nov. 28, according to minutes released on Tuesday. “It is deemed more urgent at this time to respond preemptively …
Bank of Korea board members see need to respond to slowing economy, minutes show Read More »
By Libby George and Karin Strohecker LONDON (Reuters) – Investors burned by Sri Lanka’s $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation’s leaders to better manage the country. Industry experts say the result is a first-of-its-kind bond linked to governance that will cut Sri Lanka’s debt …
By Andrew Chung and David Shepardson WASHINGTON (Reuters) -TikTok made a last-ditch effort on Monday to continue operating in the United States, asking the Supreme Court to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by Jan. 19 or face a ban. TikTok and ByteDance filed …
TikTok turns to US Supreme Court in last-ditch bid to avert ban Read More »
SEOUL (Reuters) – South Korea’s central bank governor said on Tuesday the dollar-won exchange rate had risen since the Dec. 3 martial law attempt, but the market was functioning normally and did not show any crisis-like signs that raise concern. The won traded at 1,438.1 per dollar as of 0611 GMT, compared with its two-year …
Bank of Korea chief sees no crisis-like signs in forex market Read More »
By Karin Strohecker LONDON (Reuters) -Sri Lanka’s restructuring of $12.55 billion in international bond debt is set to lead to the launch of a series of new, as-yet-untested instruments linked to economic growth and governance. Observers say it is one of the most complex set of instruments ever arranged in a restructuring. The bonds aim …
Sri Lanka’s ambitious governance and macro-linked bonds Read More »
