(Reuters) -The European Commission is considering ways to force European Union member states to phase out Huawei and ZTE Corp from their telecommunications networks, Bloomberg News reported on Monday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Yazhini M V in Bengaluru; Editing by Alan Barona)
BEIJING (Reuters) -China’s car sales fell unexpectedly in October from a year earlier, snapping an eight-month growth streak, as consumer sentiment weakened amid reduced tax exemptions and government subsidies. Car sales edged down 0.8% to 2.27 million units last month versus a 6.6% increase in September, data from the China Passenger Car Association showed on …
China’s car sales unexpectedly contract in October after eight-month expansion Read More »
By Amy Lv and Daina Beth Solomon BEIJING/SANTIAGO (Reuters) -A planned tie-up between Chilean state copper giant Codelco and local producer SQM to produce lithium has won approval from China’s antitrust regulator, the entity said on Monday, paving the way for the joint venture to go into effect. China’s green light was the last major …
Chile’s Codelco-SQM lithium deal clears last major hurdle after China greenlight Read More »
BERLIN (Reuters) -Taiwan’s chip industry has become an indispensible part of the global economy and strengthens Taiwan’s defence in the face of threats, former Taiwan President Tsai Ing-wen told the Berlin Freedom Conference on Monday. “Our high-tech sector, particularly in semiconductors, has become an indispensable part of the global economy – in an age where …
BEIJING (Reuters) -China suspended for one year port fees levied on U.S.-linked vessels, its transport ministry said on Monday, after Washington announced a similar pause on punitive actions against China’s shipping and shipbuilding sectors. The reciprocated pauses were in line with agreements reached by U.S. President Donald Trump and Chinese President Xi Jinping during a …
China suspends port fees on US-linked ships for a year Read More »
By Marta Nogueira and Roberto Samora RIO DE JANEIRO (Reuters) -Brazilian miner Vale is preparing to meet rising iron ore demand from India, which could double its steel production by the end of the decade, Chief Executive Gustavo Pimenta told Reuters. Rising sales to India and other Asian markets should help to offset stagnant demand …
Vale gearing up to meet Indian demand as China steel output stagnates, CEO says Read More »
(Reuters) -Russia’s second-largest oil producer, Lukoil, is facing growing disruptions to its international operations following U.S. sanctions and Washington’s refusal to approve the sale of its overseas assets to Swiss commodity trader Gunvor. Lukoil’s global footprint spans upstream oil and gas projects, refining, and fuel retail networks across Europe, Central Asia, the Middle East, and …
Factbox-Lukoil international assets facing disruptions from US sanctions Read More »
(Reuters) -Grab Holdings will invest $60 million in remote driving firm Vay Technology, the Singaporean firm said on Monday, sending its shares up more than 6% in premarket trading. The company is trying to leverage its ride-hailing platform to tap into autonomous vehicles, which are largely seen as the future of mobility and a potential …
Singapore’s Grab to invest $60 million in remote driving firm Vay Read More »
((Reuters)) -Restaurant Brands International said on Monday Chinese firm CPE will invest about $350 million in Burger King China as part of a joint venture that aims to more than triple the burger chain’s store count by 2035. Following the transaction, CPE will hold an 83% stake in the business, while RBI will retain about …
Restaurant Brands to form joint venture with CPE to expand Burger King in China Read More »
By Pratima Desai LONDON (Reuters) -Premiums for consumers buying aluminium on the physical market in the U.S. have hit record highs, driven by steep import tariffs and tight supplies globally. President Donald Trump doubled tariffs on aluminium imports to 50% on June 4 with the aim of supporting investment in U.S. production of the metal, …
Aluminium premium hits record in US on tariffs, global squeeze Read More »
