Reuters Asia Business

By Francesco Guarascio and Phuong Nguyen HANOI – U.S. tech companies have warned Vietnam’s government that a draft law to tighten rules on data protection and limit data transfers abroad would hamper social media platforms and data centre operators from growing their businesses in the country. The Southeast Asian nation with a population of 100 …

US tech firms warn Vietnam’s planned law to hamper data centres, social media Read More »

(Reuters) -China’s currency and equities will bear the brunt of a protectionist shift in the U.S. and are seen trading sensitively to the election’s trade and foreign policy implications. Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the yuan and shares in export …

What’s at stake for China’s markets at the US election Read More »

By Helen Reid LONDON (Reuters) -Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68% in 2023, hitting 7.684 billion euros ($8.36 billion), according to annual results published on Monday. Fast-fashion retailer Shein, which sells $4 tops and $8 dresses, has grown rapidly in the U.S., Europe and the UK and is working towards …

Shein’s European entity reports 68% sales growth in 2023 Read More »

LONDON (Reuters) -British lawmakers could question executives of online fast-fashion group Shein on workers’ rights as early as January, ahead of a possible London listing, according to the head of a parliamentary committee. The House of Commons’ Business and Trade Committee last week opened an inquiry into employment rights. It plans to examine the new …

UK lawmakers could question Shein over workers’ rights early next year Read More »

By Liz Lee BEIJING (Reuters) -China has urged France to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle industries, while France said the bloc would not yield on key matters as it pushes to overturn a tariff on brandy. The EU launched an anti-subsidy investigation into imports …

China urges palatable EV trade solution from EU as France defends bloc Read More »

TOKYO (Reuters) – Japan’s Mitsubishi Corp and Nissan have decided to establish a joint venture to provide services related to autonomous driving and using electric vehicle batteries as storage batteries, the Yomiuri newspaper reported on Monday. The new company will be launched by March 2025 and equally owned by the two firms, Yomiuri reported. (This …

Mitsubishi Corp, Nissan to establish JV on autonomous driving, EV batteries, Yomiuri says Read More »