SEOUL (Reuters) -South Korea’s Kia Corp said on Wednesday that it aims to sell 1.26 million electric vehicles by 2030, lowering its earlier target of 1.6 million units announced last year. Kia said that it plans to achieve a sales target of 993,000 units of hybrid cars by 2030. Kia also said there was increasing …
South Korea’s Kia cuts EV sales target by more than 20% for 2030 Read More »
By Leika Kihara TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Wednesday trade negotiations with the United States could include discussions on foreign exchange rates. “There has been various communication, including on exchange rates, from the U.S. side, so currency moves could be among themes up for discussion. But specifics have yet to be …
Japan, US may discuss FX in trade talks, Finance Minister Kato says Read More »
By Jarrett Renshaw, Timothy Gardner and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Donald Trump signed executive orders on Tuesday that aim to boost coal production in his latest action that runs counter to global efforts to curb carbon emissions. Coal-burning plants generate less than 20% of U.S. electricity, a drop from 50% in 2000, according …
Trump signs executive orders to boost US coal as power demand rises Read More »
By Karen Freifeld (Reuters) -Taiwan Semiconductor Manufacturing could face a penalty of $1 billion or more to settle a U.S. export control investigation over a chip it made that ended up inside a Huawei AI processor, according to two people familiar with the matter. The U.S. Department of Commerce has been investigating the world’s biggest …
Exclusive-TSMC could face $1 billion or more fine from US probe, sources say Read More »
By Leika Kihara TOKYO (Reuters) – Japanese Finance Minister Katsunobu Kato on Wednesday ruled out using the country’s U.S. Treasury holdings as a bargaining tool against President Donald Trump’s decision to slap tariffs against imports from Japan. “We manage our U.S. Treasury holdings from the standpoint of preparing for in case we need to conduct …
Japan rules out using US Treasury holdings to counter Trump tariffs Read More »
(Reuters) – President Donald Trump on Tuesday said the U.S. will soon announce a “major” tariff on pharmaceutical imports. Speaking to an event at the National Republican Congressional Committee, Trump said the tariff will incentivize drug companies to move their operations to the U.S. (Reporting by Nandita Bose; Writing by Ryan Patrick Jones; Editing by …
Trump says US will soon announce tariffs on pharmaceutical imports Read More »
By Cynthia Kim SEOUL (Reuters) – South Korea’s central bank may be forced to bring forward or deepen interest rate cuts this year as Asia’s fourth-largest economy grapples with the risk of recession due to the escalating U.S. trade war. Until recently, the Bank of Korea was expected to make two quarter-point cuts in the …
Analysis-Trade war pressures South Korea to cut rates faster and deeper Read More »
By Jody Godoy (Reuters) – Two Democratic U.S. senators demanded information from Microsoft and Google about their cloud computing partnerships with artificial intelligence companies, expressing concern the arrangements could stifle competition in the cutting-edge industry. U.S. Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon, the ranking Democrats on the Senate banking and finance …
Democratic US senators question Google and Microsoft’s AI deals Read More »
By Mike Scarcella (Reuters) – Elon Musk’s X has reached an agreement to resolve claims that live streaming service Twitch conspired with other companies and an advertising industry group to boycott the social media platform, causing it to lose ad revenue. In a court filing on Monday, X told a federal judge in Texas that …
Musk’s X reaches deal to drop Twitch from lawsuit over ad spending Read More »
By Yousef Saba DUBAI (Reuters) -Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda to diversify its economy. Oil prices have tumbled to near four-year lows on fears a trade war will …
How the oil price plunge complicates Saudi Arabia’s economic agenda Read More »
