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Germany to re-examine ‘security-relevant’ China trade policies

By Christian Kraemer BERLIN (Reuters) -Germany’s coalition government plans to re-examine its trade policies towards China including on energy, raw material imports and Chinese investment in critical German infrastructure and will set up a committee of experts to report to parliament. The plan comes after a recent rise in trade tensions between the world’s second …

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China says it’s hoping for action from Netherlands to resolve Nexperia crisis

SHANGHAI (Reuters) -The Chinese government said on Saturday it is waiting for concrete actions by the Netherlands to resolve a dispute over chipmaker Nexperia that has led to shortages of the company’s chips and threatened car production. The Chinese Commerce Ministry said it had agreed to a Dutch request to send representatives to Beijing for …

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Japan to seek boosting investment with upcoming economic stimulus, Nikkei says

TOKYO (Reuters) -Japan’s economic stimulus package is set to include tax cuts to spur investment focused around 17 key industries, including AI and semiconductors, and multi-year budget allocations to make policy more predictable, the Nikkei newspaper reported. Prime Minister Sanae Takaichi is expected to outline the plan’s framework when a panel under the government’s new …

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Indonesia plans a bill to redenominate rupiah currency

JAKARTA (Reuters) -Indonesia’s finance ministry said it is planning a new bill to redenominate the rupiah in an effort to improve economic efficiency, maintain stability and improve the currency’s credibility. “The bill on redenomination is a carryover draft bill that is planned to be finalized in 2027,” a ministry regulation reviewed on Saturday showed. The …

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Qcells furloughs 1,000 workers at US solar factories due to stalled shipments

(Reuters) -Qcells, the U.S. solar manufacturing arm of Korea’s Hanwha, said it would furlough 1,000 workers at its Georgia factories because shipments of components it needs from overseas are being routinely stalled by U.S. customs officials. The announcement comes months after the company said some of its shipments of solar cells had been detained at …

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Banks lend $18 billion for Oracle-tied data center project, Bloomberg News reports

(Reuters) -A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico, Bloomberg News reported on Friday. Sumitomo Mitsui Banking Corp, BNP Paribas SA, Goldman Sachs Group, and Mitsubishi UFJ Financial Group are administrative agents …

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France halts Shein suspension proceedings after sex dolls, weapons are withdrawn

PARIS (Reuters) -The French Finance Ministry on Friday halted the suspension proceedings of Chinese online retailer Shein initiated two days ago after the Chinese retailer withdrew all illicit products from its platforms. The French government started the process to block Shein in France on Wednesday after it found childlike sex dolls and weapons for sale …

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Shein sex doll scandal shines light on marketplaces’ dark corners

By Helen Reid LONDON (Reuters) -France’s crackdown on Shein over childlike sex dolls and banned weapons is exposing a perennial problem of online marketplaces: failing to properly police third-party sellers and block sales of counterfeit, illegal, dangerous or simply offensive products. Online marketplaces – platforms that let multiple vendors display and ship their goods globally …

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Honda to recall over 406,000 US vehicles over wheel detachment issue, NHTSA says

(Reuters) -Honda Motor is recalling 406,290 vehicles in the U.S. over a manufacturing flaw that could cause aluminium alloy wheels to detach, the U.S. National Highway Traffic Safety Administration said on Friday. The recall covers certain model 2016-2021 Civic vehicles that contain the 18-inch aluminum alloy wheels sold as accessories, the U.S. auto regulator said. …

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