Reuters Asia

China takes swipe at Western ‘friend-shoring’ efforts

By Leika Kihara WASHINGTON (Reuters) – China’s central bank governor on Friday took a swipe at efforts by Western economies to trade more with allies and rely less on the world’s largest goods-exporting country, saying such “friend-shoring” attempts could prevent global supply chain tension from easing. Reducing their deep dependence on supply chains with China …

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Bank of Korea chief says secular stagnation a tougher woe for emerging nations

By Leika Kihara WASHINGTON (Reuters) – Bank of Korea Governor Rhee Chang-yong said on Friday the biggest challenge for emerging market central banks could be to deal with a return of secular stagnation and low interest rates, rather than combatting higher inflation. “In terms of our strategy in coping with higher inflation, we’re following the …

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China and Brazil reset ties with tech, environment accords, agree on Ukraine

By Ethan Wang, Ryan Woo and Lisandra Paraguassu BEIJING/BRASILIA (Reuters) – Brazil reset its diplomatic ties with China, its largest trading partner, with a state visit on Friday where they agreed to boost investments and cooperation on technology and sustainable development, while urging peace talks in Ukraine. Brazilian President Luiz Inacio Lula da Silva and …

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India says new IT fact-checking unit will not censor journalism

NEW DELHI (Reuters) – A proposed Indian government unit to fact-check news on social media is not about censoring journalism nor will it have any impact on media reportage, a federal minister said on Friday. Recently amended IT regulation requires online platforms like Meta Platforms Inc’s Facebook and Twitter to “make reasonable efforts” to not …

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Exclusive-Nissan takes its own road, minus Renault, in seeking tech tie-up

By Norihiko Shirouzu and Maki Shiraki (Reuters) -Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to finalise terms of a sharply limited alliance, said seven people with knowledge of the matter. Japan’s third-biggest automaker by sales is seeking a partner outside …

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