Reuters Asia

Five executives at India’s Nykaa resign in latest departures

By Aditya Kalra and M. Sriram NEW DELHI/MUMBAI (Reuters) – Five executives at India’s Nykaa have resigned, a spokesperson said on Friday, the latest departures at the beauty company amid intensifying competition and a falling stock price. Among the exits are Chief Commercial Operations Officer Manoj Gandhi, Chief Business Officer of fashion division Gopal Asthana, …

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Apple Inc supplier Pegatron in talks to open second India factory -sources

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Apple Inc’s Taiwanese supplier Pegatron Corp is in talks to open a second India factory, said two sources with direct knowledge of the matter, as the U.S. tech giant’s partners continue to diversify production away from China. Pegatron plans to add a second facility near …

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TikTok attacked for China ties as US lawmakers push for ban

By David Shepardson and Rami Ayyub WASHINGTON (Reuters) -U.S. lawmakers on Thursday battered TikTok’s CEO about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns about the app’s power over Americans. CEO Shou Zi Chew’s testimony before Congress did little to assuage U.S. worries over …

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Analysis-Billionaire Ambani adopts familiar playbook in India cola battle vs Coke, Pepsi

By Praveen Paramasivam and Aditya Kalra CHENNAI/NEW DELHI (Reuters) – Indian industrial giant Reliance is reviving a historic local cola brand with plans to use its vast retail network, slash prices and tap nationalist sentiment to challenge U.S. beverage giants PepsiCo and Coca-Cola in a key market. Controlled by billionaire Mukesh Ambani, Reliance this month …

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Russian support for Myanmar junta ‘destabilising’ Southeast Asia – U.S envoy

By Poppy McPherson BANGKOK (Reuters) -Russia’s backing for Myanmar’s military rulers is unacceptable and destabilising, with its supply of weapons helping to fuel a conflict that has become a catastrophe for the country, a top U.S. official said on Thursday. The United States is concerned about the wider impact of the escalating crisis in Myanmar …

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U.S. due diligence firm Mintz Group says Beijing office raided, staff detained

By Michael Martina WASHINGTON (Reuters) -U.S. corporate due diligence firm Mintz Group said on Thursday its Beijing office was raided by authorities and that five Chinese staff have been detained. “We can confirm that Chinese authorities have detained the five staff in Mintz Group’s Beijing office, all of them Chinese nationals, and have closed our …

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U.S. House panel on China highlights abuse of Uyghurs in second hearing

By Michael Martina WASHINGTON (Reuters) -A new U.S. congressional committee on China held its second hearing on Thursday, highlighting what Washington says is an ongoing genocide against Uyghurs and other ethnic minorities in China’s Xinjiang region. Rights groups accuse Beijing of abuses, including forced labor, mass surveillance and having placed 1 million or more Uyghurs …

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Huawei makes breakthrough in design tools for 14nm chips – media

SHENZHEN, China – Huawei Technologies Co Ltd has made breakthroughs in electronic design automation (EDA) tools for chips employing 14 nanometres-plus technology, Caijing financial news magazine reported on Friday, citing a Feb. 28 speech by a senior Huawei executive. (Reporting by David Kirton; Editing by Christopher Cushing)

Payments firm Block’s Australian shares slump after Hindenburg report

By Navya Mittal (Reuters) – Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated its user numbers and understated its customer acquisition costs. Block said the report was “factually inaccurate and misleading” and that it was exploring legal …

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