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Sony, Honda roll out prototype of ‘Afeela’ EV that uses Qualcomm tech

(This Jan. 4 story has been corrected to fix spelling of CEO’s first name in the fourth paragraph) By Kiyoshi Takenaka (Reuters) – Japan’s Sony on Wednesday unveiled a prototype of the new “Afeela” electric vehicles it will build together with Honda, saying it would harness its vast entertainment content as it looks to become …

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Japan PM Kishida says he invited to visit Ukraine, nothing decided yet

TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said he had told Ukraine’s President Volodomyr Zelenskiy in a phone call on Friday that he would weigh an invitation to visit Kyiv depending on “various circumstances” but nothing had yet been decided. Kishida also reaffirmed Tokyo’s full support for Ukraine in its fight against Russia as Japan …

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China establishes mortgage rate adjustment mechanism for some home buyers

BEIJING (Reuters) -China’s central bank and the banking and insurance regulator have established a dynamic adjustment mechanism on mortgage rates for first-time home buyers, the central bank said on Thursday, in a bid to further support the property sector. For cities where the selling prices of new homes fall month-on-month and year-on-year for three consecutive …

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Vietnam’s largest refinery output to fall 20%-25% due to unit shutdown

HANOI (Reuters) – Output from Vietnam’s largest oil refinery is expected to fall by 20%-25% during the first 10 days of January as its residual fluid catalytic cracking (RFCC) unit has been shut down due to a technical problem, the government said on Thursday. The 200,000-barrel-per-day Nghi Son Refinery and Petrochemical has a leak at …

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Facing pressure over border crossings, Biden steps up migrant expulsions

By Andrea Shalal and Ted Hesson WASHINGTON (Reuters) -The United States will expand Trump-era restrictions to rapidly expel Cuban, Nicaraguan and Haitian migrants caught illegally crossing the U.S.-Mexico border, President Joe Biden said on Thursday in his first major speech on border security. At the same time, the United States will allow up to 30,000 …

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Wall St drops more than 1% with jobs data feeding fears of more Fed tightening

By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s main indexes lost more than 1% on Thursday, with Nasdaq leading the declines, as evidence of a tight labor market eroded hopes that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. Thursday’s ADP National Employment report …

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Google set to challenge India Android antitrust ruling at Supreme Court-sources

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -Google is preparing to approach India’s Supreme Court within days to try to block a ruling by the country’s antitrust watchdog that will force the U.S. company to change how it markets its Android platform, two people familiar with its strategy told Reuters. The Competition Commission …

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