By Helen Reid LONDON (Reuters) – Fast fashion retailer Shein found two cases of child labour at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage criticisms of its low-cost business model ahead of a planned flotation. Shein said in the report …
Shein reveals child labour cases as it steps up supplier audits Read More »
TOKYO (Reuters) – The Bank of Japan (BOJ) is considering adding wage-related items to its quarterly “tankan” business survey, Jiji news agency reported on Thursday. By doing so, BOJ aims to analyse companies’ wage trends faster and more accurately to reflect on monetary policy decisions, Jiji said. The central bank will first conduct experiments with …
BOJ mulls adding wage-related items to Tankan survey, Jiji reports Read More »
By Panu Wongcha-um BANGKOK (Reuters) -The Thai ruling party’s flagship 500 billion baht ($14.5 billion) handout plan is needed to boost a sluggish economy, political heavyweight Thaksin Shinawatra said on Thursday, days after his daughter was elected prime minister by parliament. Although he has no formal role in the government, Thaksin is one of the …
Thailand’s Thaksin backs his party’s $14.5 billion handout plan Read More »
(Reuters) – Baidu said its leading position in AI in China means it is well positioned to navigate an increasingly competitive market despite reporting a decline in quarterly revenue. The comment came amid an AI price war in China, where companies have slashed prices of large language models used to power generative AI products. “Competition …
BEIJING/SHANGHAI (Reuters) -Ping An Insurance (Group) Co of China reported a 6.8% rise in first-half net profit, driven by growth in new insurance policies and its move to secure long-term investments amid market volatility. The Chinese insurance giant posted net profit of 74.62 billion yuan ($10.46 billion) up from 69.84 billion yuan in the same …
China’s Ping An Insurance posts 6.8% rise in first-half profit Read More »
By Daniela Desantis and Lucinda Elliott ASUNCION (Reuters) -Paraguayan President Santiago Pena said on Wednesday he was “fully open” to trade deals with China via the South American trade bloc Mercosur, despite his country’s diplomatic ties with Taiwan. Paraguay’s long-standing diplomatic support for Taiwan has hindered local farmers’ grains exports to China, which claims sovereignty …
Paraguay open to China trade deals despite Taiwan ties, Pena says Read More »
BANGKOK (Reuters) – Thailand’s central bank should assist retail borrowers after it held its benchmark interest rate steady this week, the caretaker finance minister said on Thursday. Retail lending interest rates are too high and needed to be addressed, Pichai Chunhavajira told reporters. Minimum retail lending rates at banks are as high as 8%. The …
Thai central bank should help retail borrowers, caretaker Finance Minister says Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s cabinet approved issuing free tourist visas to visitors from 35 countries including China, India and Russia, a top official said on Thursday, in an effort to boost tourism and help revive its crisis-hit economy. Tourists will be given 30-day visas under a six-month pilot programme that will …
Sri Lanka approves free tourist visas for 35 countries to boost tourism Read More »
By Xie Yu and Julie Zhu HONG KONG (Reuters) – Chinese regulators will likely order business suspension for a big part of PricewaterhouseCoopers’ auditing unit in mainland China for six months, as part of punishment for its work on troubled property developer Evergrande, five sources said. The business ban is expected to be imposed on …
PwC China faces 6-mth business ban, large fine over Evergrande audit, sources say Read More »
By Yimou Lee and Ben Blanchard TAIPEI (Reuters) – Taiwan’s defence spending will rise 7.7% next year, outpacing expected economic growth, the cabinet said on Thursday, as the island adds more fighter jets and missiles to strengthen deterrence against a rising threat from Beijing. China, which views democratically-governed Taiwan as its own territory, has ramped …
Taiwan defence spend to outpace GDP growth as China threat rises Read More »
