BEIJING (Reuters) -China’s Geely and Baidu said on Friday they would help the management of their troubled electric vehicle venture Ji Yue Auto to solve disputes with employees including over social welfare and severance payments. The statement issued by both companies on their Weibo accounts came a day after videos and livestreams circulated on social …
Geely, Baidu pledge to solve payroll issues facing EV venture Read More »
JAKARTA (Reuters) – Indonesia will on Monday announce an economic policy package, including its decision on the value-added tax rate, its senior economic minister said after a meeting with President Prabowo Subianto. The government has previously said Indonesia would increase the VAT rate to 12% from the current 11% in January 2025, but only for …
Indonesia to announce economic policy package, VAT rate on Monday Read More »
GDANSK (Reuters) -Poland’s biggest video game maker CD Projekt on Friday released a trailer for its planned new game in the blockbuster “Witcher” fantasy series. After the troubled release of its previous big-ticket game “Cyberpunk”, CD Projekt has been careful not to indicate when “The Witcher IV”, currently in the full-scale production phase, will premiere. …
(Reuters) -Singapore’s United Overseas Bank, or UOB, on Friday said Leong Yung Chee will take over as its group chief financial officer (CFO) from April 2025, succeeding Lee Wai Fai. Leong will work alongside Lee as CFO-designate with immediate effect before officially assuming the CFO role on April 22, 2025, Southeast Asia’s third-largest bank by …
Singapore bank UOB names Leong Yung Chee as group CFO Read More »
BEIJING (Reuters) – China’s industry ministry will set up an artificial intelligence standardisation technical committee focusing on developing industry standards in areas such as large language models and AI risk assessment, it said on Friday. The 41-member committee includes representatives from tech giant Baidu and leading academic institutions such as Peking University, the ministry said …
China sets up AI standards committee as global tech race intensifies Read More »
SINGAPORE (Reuters) – China has appointed Wang Hongzhi as head of the National Energy Administration, according to a notice by its human resources ministry on Friday. (Reporting by Siyi Liu in Singapore and Beijing Newsroom; Editing by Muralikumar Anantharaman)
BEIJING (Reuters) – China will firmly prevent overshooting risks of the yuan exchange rate and keep the rate basically stable, its central bank said on Friday, state media reported. The People’s Bank of China will increase treasury bond buying and selling operations, and provide a sound liquidity environment for government bond issuance, CCTV quoted the …
China central bank promises to keep yuan exchange rate stable Read More »
By Ashley Tang and Rajendra Jadhav KUALA LUMPUR/MUMBAI (Reuters) – Malaysia’s palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world’s second-largest producer of the tropical oil, the industry regulator told Reuters on Friday. Lower output in Malaysia would curb inventories in the …
Exclusive-Heavy rains to hit Malaysian palm oil output again in December, says MPOB Read More »
SHANGHAI (Reuters) – China’s CATL has told suppliers it is willing to provide them with financial support to speed up technology innovation in battery materials and equipment, part of efforts to relieve stress on its supply chain amid a brutal EV price war. It is willing to take on part of their R&D costs and …
China’s CATL offers suppliers financial support to drive battery innovation Read More »
BEIJING (Reuters) – U.S. automaker Tesla on Friday launched the “Actually Smart Summon” feature in China. The autonomous driving feature, available in Tesla vehicles with enhanced autopilot and full self-driving, allows vehicles to autonomously drive from parking lots to a nearby location within the driver’s vision. It will be pushed to car owners through over-the-air …
Tesla launches ‘Actually Smart Summon’ feature in China Read More »
