COLOMBO (Reuters) – Sri Lanka’s lawmakers passed a bill to regulate online content on Wednesday, the speaker of the parliament announced, a law which opposition politicians and activists say will muzzle free speech. The Online Safety Bill proposes jail terms for posting content that a five-member commission considers illegal and makes social media platforms such …
Sri Lanka parliament passes bill to regulate online content Read More »
(Reuters) – China’s central bank will cut the amount of cash that banks must hold as reserves from Feb. 5, governor Pan Gongsheng said on Wednesday, the first such cut for the year as policymakers extend efforts to shore up a fragile economic recovery. The People’s Bank of China (PBOC) would cut the reserve requirement …
China central bank acts to support markets, economy Read More »
STOCKHOLM (Reuters) -Finnish telecom gear maker Nokia said on Wednesday it had signed a 5G patent cross-licensing deal with Chinese device maker Oppo that resolves patent litigation between the companies. Nokia has been involved in legal disputes with several Chinese tech firms, including Oppo and Vivo, over patent payments. The Finnish group recently signed an …
Nokia and China’s Oppo resolve disputes through cross-license deal Read More »
TOKYO (Reuters) -Japanese electric motor maker Nidec Corp slashed its full-year operating profit forecast by nearly a fifth on Wednesday, warning of uncertainty in demand and intensifying price competition in China’s electric vehicle market. The sobering outlook for the company’s signature e-axle traction motor business highlights the challenges parts makers face in the world’s biggest …
Nidec cuts profit forecast as Chinese EV competition ramps up Read More »
By Sarah Marsh BERLIN (Reuters) – The proportion of German firms exiting the Chinese market or considering doing so has more than doubled to 9% in the past four years, according to a survey by the German Chamber of Commerce in China. The survey highlights the challenges faced by German companies operating in China, including …
More German firms leave China or consider exit – survey Read More »
By Devjyot Ghoshal and Panu Wongcha-um BANGKOK (Reuters) – Thailand hopes to start producing lithium from a mine in its southwest in about two years, boosting its ambitions to become a regional electric vehicle (EV) production hub, according to government and company officials involved in the project. The silvery-white element is a key metal for …
Exclusive-Thailand aims for lithium output in two years, boosting EV ambitions Read More »
BEIJING (Reuters) – The Chinese foreign ministry on Wednesday said China’s claims to the Paracel and Spratly Islands in the South China Sea were backed by “history” after Vietnam over the weekend repeated it had sufficient evidence to claim sovereignty over the islands. The Paracel and Spratly Islands, known as the Hoang Sa and Trong …
China rebuts Vietnam’s claims to disputed South China Sea islands Read More »
By Clare Jim HONG KONG (Reuters) – A key offshore bondholder group of China Evergrande plans to join a petition to liquidate the developer at a hearing in a Hong Kong court on Monday, two sources with direct knowledge said. The bondholder group owns more than $2 billion in offshore notes guaranteed by Evergrande and …
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) -A Thai court on Wednesday cleared former prime ministerial hopeful Pita Limjaroenrat of violating election rules in the first of two cases targeting a popular opposition that has plans for radical reforms in the country. The Harvard-educated Pita, 43, whose bid to become premier last year was …
Former Thai PM hopeful cleared in first of two cases against opposition Read More »
By Satoshi Sugiyama TOKYO (Reuters) -Japan’s exports surged to record highs in December, with shipments to the U.S. soaring to their strongest-ever level while those to China were also robust, logging their first rise in more than a year. The better-than-expected data comes at a time of heightened concern about a faltering economic recovery in …
Japan exports soar to record in Dec; China shipments make long-awaited rebound Read More »
