SHANGHAI (Reuters) – Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union’s electric vehicle tariff scheme. The bloc’s latest EV tariffs to protect its auto industry from a flood of cheap Chinese imports do not apply to …
Analysis-China automakers pivot to hybrids for Europe to counter EV tariffs Read More »
By Yimou Lee and Michael Martina TAIPEI (Reuters) -Taiwan President Lai Ching-te said on Thursday he spoke with House Speaker Mike Johnson and other U.S. congressional leaders during his visit to the Pacific, as China called the Taiwan issue a “red line” not to be crossed in Sino-U.S. ties. China considers democratically governed Taiwan its …
Taiwan president speaks with US House Speaker Johnson, China warns of ‘red lines’ Read More »
NAIROBI (Reuters) – A Chinese fishing vessel is under the control of alleged pirates in Somalia’s waters in the semi-autonomous Puntland region, the European Union’s anti-piracy naval force said on Thursday. The anti-piracy force said the vessel with up to 18 crew members on board had been taken over by pirates, some armed with AK-47s …
EU naval force: Chinese fishing vessel under control of alleged pirates in Somali waters Read More »
ISLAMABAD (Reuters) – Former Prime Minister of Pakistan, Imran Khan, was indicted on Thursday by a court on charges of inciting his supporters to attack the country’s military and its installations in 2023. Here are the details of the country-wide violence that took place on May 9, 2023 that led to the indictment. Khan denies …
FACTBOX-Why has ex Pakistan PM Khan been indicted over violence on May 9 2023? Read More »
HANOI (Reuters) – Nvidia and the Vietnamese government will jointly set up an AI research and development centre and an AI data centre in the Southeast Asian country under an agreement signed on Thursday. Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn’t provide the value of …
Nvidia to build AI research, data centres in Vietnam with govt Read More »
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korean opposition lawmakers said on Thursday they would vote this weekend to impeach President Yoon Suk Yeol for his botched attempt to impose martial law, and police said they were investigating claims of treason against him and top ministers. Yoon’s declaration of martial law late on …
South Korea’s Yoon faces impeachment vote, investigation for treason Read More »
By Dhwani Pandya MUMBAI (Reuters) – Sweden’s EQT has invested more than its targeted $5 billion in India over the last few years, the head of its Asian business said on Thursday, as the private equity firm focuses on buyouts and investments in the country where it is sees strong deal activity. EQT, with about …
Sweden’s EQT exceeds investment targets in India, doubles down on healthcare Read More »
MANILA (Reuters) – Japan and the Philippines signed a 1.6 billion yen ($10.65 million) security assistance deal on Thursday to boost the Southeast Asian nation’s maritime security and surveillance abilities amid heightened tensions in the South China Sea. Both the Philippines and Japan, two of the United States’ closest Asian allies, have taken a strong …
Japan grants Philippines $11 million in security aid to bolster defences Read More »
JAKARTA (Reuters) -Indonesia’s parliament said on Thursday it had proposed to the government to only raise the current value-added tax (VAT) rate for luxury items to avoid an impact on low income people. By law, VAT is set to rise by 1 percentage point to 12% starting Jan. 1 2025 to improve the country’s revenue …
Indonesian parliament proposes VAT hike only for luxury items Read More »
(Reuters) – Singapore Technologies Telemedia said on Wednesday Malaysia’s Mawar Setia will acquire a majority stake in the company’s U Mobile unit, a mobile and broadband service provider in Malaysia. Under a conditional share purchase deal, Mawar Setia will acquire the stake in U Mobile from Straits Mobile Investments, a unit of ST Telemedia, the …
ST Telemedia sells majority stake in Malaysian telecom firm U Mobile Read More »
