ROME (Reuters) -The European Union needs to defend its car industry from Chinese competition, including a reassessment of its 2035 zero-emission target for new cars and vans, the bloc’s industry chief said in an interview published on Friday. Stephane Sejourne said the EU should also look at diversifying its exports and set out new rules …
EU must protect car industry from Chinese rivals, commissioner says Read More »
JAKARTA (Reuters) -Freeport Indonesia said on Friday that an investigation into a mud flow that killed workers at its Grasberg copper and gold mine has ended and the company has received improvement recommendations from the government. Seven workers were killed when around 800,000 metric tons of wet material flooded the Grasberg Block Cave (GBC), one …
Freeport Indonesia says investigation concluded on Grasberg incident Read More »
By Daniel Leussink TOKYO (Reuters) -Honda Motor slashed its full-year profit forecast by 21% on Friday, hurt by one-time electric vehicle costs, worsening sales in China and other Asian markets and a shortage of parts equipped with Nexperia chips. Japan’s second-largest automaker cut its operating profit forecast for the year through March 2026 to 550 …
Honda cuts annual operating profit outlook on EV cost hit, slow Asia sales Read More »
By Faith Hung and Emily Chan TAIPEI (Reuters) -Taiwan’s exports grew at their fastest clip in nearly 16 years in October, setting a record as booming demand for chips and artificial intelligence (AI) technology outpaces the effects of U.S. tariffs on the island’s goods. Exports jumped 49.7% in October from a year earlier to $61.80 …
Taiwan October exports log biggest growth in nearly 16 years on strong AI demand Read More »
BEIJING (Reuters) -China lifted a ban linked to Brazil’s avian influenza outbreak, the country’s General Administration of Customs said in a notice released on Friday. China issued a countrywide embargo on all imports of poultry and related products from Brazil over a bird flu outbreak in May. The ban has been repealed effective immediately “on …
China lifts Brazilian poultry imports ban over bird flu Read More »
(Reuters) -The Dutch government is ready to shelve the order that gave it power to block or change key corporate decisions at chipmaker Nexperia if China resumes exports of critical chips, Bloomberg News reported on Friday, citing people familiar with the matter. Reuters could not immediately verify the report. Nexperia did not immediately respond to …
By Wen-Yee Lee Taipei (Reuters) -Nvidia CEO Jensen Huang said on Friday that there were “no active discussions” about selling the company’s state-of-the-art Blackwell chips to China. Blackwell is Nvidia’s current flagship artificial intelligence chip that the Trump administration has so far prevented from being sold to China, for fear it would aid the Chinese …
Nvidia CEO says no ‘active discussions’ on selling Blackwell chip to China Read More »
(Reuters) -Tesla CEO Elon Musk said he expects the automaker’s Full Self-Driving software, a driver assistance system, will be fully approved in China early next year. “We have partial approval in China, and hopefully we’ll have a full approval in China around February or March or so,” Musk told the company’s annual general meeting on …
Musk expects Tesla’s Full Self-Driving software to win full China approval in early 2026 Read More »
TASHKENT (Reuters) -Uzbekistan has set up a tax-free zone for artificial intelligence and data centre projects in its western region of Karakalpakstan, the government said on Friday. Foreign companies willing to invest $100 million or more will receive a full exemption from taxes and duties until 2040, it said in a statement. The government will …
Uzbekistan sets up tax-free zone for AI to attract foreign investors Read More »
By Kane Wu HONG KONG (Reuters) -The global private credit market currently has no systemic risks, while Asia offers the biggest growth opportunities, a senior Bain Capital private credit executive told Reuters. Concerns about weak lending standards in credit markets have resurfaced after the recent collapses of U.S. auto parts supplier First Brands and car …
Bain Capital private credit executive brushes off systemic concerns, eyes Asia growth Read More »
