Reuters Asia Business

By Minwoo Park SEOUL (Reuters) – South Korean researchers have developed a transport drone flying on multiple flexible rotors that self-correct to stay level in flight and can be used as a “flying shopping cart” to carry goods over uneven terrain such as stairs. The prototype developed by a Seoul National University of Science and …

South Korea team showcases drone that serves as ‘flying shopping cart’ Read More »

By David Lawder WASHINGTON (Reuters) -The U.S. economy will continue to provide most of the thrust for global growth through the balance of this year and in 2025, led by robust consumer spending that has held up through a wrenching bout of inflation and the high interest rates used to tame it, the International Monetary …

US remains engine of global growth in latest IMF forecasts Read More »

(Reuters) -Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch, the Information reported on Tuesday. The company’s price limits include $8 for jewelry, $13 for guitars and $20 for sofas, according to the report, which cited messages …

Amazon sets ultra-low pricing plans for Temu rival store, The Information reports Read More »

By David Shepardson (Reuters) -Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel. A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker told the U.S. National Highway Traffic Safety Administration. The recall includes various …

Honda recalling 780,000 vehicles in North America on fuel pump concern Read More »

By Pete Schroeder WASHINGTON (Reuters) -Near-term global financial risks are contained, but monetary policy easing could fuel asset price bubbles and markets might be underestimating risks posed by military conflicts and impending elections, the International Monetary Fund said on Tuesday.  In its semi-annual Global Financial Stability Report, the IMF warned that a “widening disconnect” between …

Global markets may be underestimating geopolitical risks, IMF says Read More »

(Reuters) -Taiwan Semiconductor Manufacturing Company (TSMC) said on Tuesday it has informed the United States of a potential attempt by Huawei to circumvent U.S. export controls prohibiting the chipmaker from producing AI chips for the Chinese company. The U.S. government restricted the export of high-end AI chips to China two years ago, citing the need …

TSMC says it has alerted US of potential China AI chip curbs violation Read More »