China pledges to lift economy with stable employment, prices in H2

BEIJING (Reuters) -China will step up measures to boost demand and stabilise employment and prices in the second half of the year to optimise economic outcomes, the country's finance ministry said on Tuesday, as policymakers strive to prop up faltering growth.

newspaper

30-08-2022

Toyota's July global vehicle output drops again, puts annual target in doubt

Toyota Motor Corp said on Tuesday its July global vehicle production fell 8.6% year-on-year, missing its target for four straight months, as COVID outbreaks, severe weather and a recall probe on top of a persistent chip shortage hurt output.

newspaper

30-08-2022

Republican Rubio slams U.S. approval of chip deal with China ties

WASHINGTON (Reuters) -Republican Senator Marco Rubio on Monday blasted U.S. regulatory approval of a bid by chip intellectual property company Alphawave to purchase U.S.-based OpenFive, over alleged national security risks posed by the buyer's ties to China's Wise Road Capital.

newspaper

29-08-2022

More western tech companies set out Russian exit plans

Western technology companies, including Ericsson and Nokia, announced plans for complete exits from Russia on Monday, following Dell last week, as the pace of withdrawals accelerates.

newspaper

29-08-2022

Ericsson, Nokia to wind down Russian operations by year end

STOCKHOLM/MOSCOW (Reuters) -Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months, while its Finnish rival Nokia said it also plans to shutter most of its Russian business by the end of the year.

newspaper

29-08-2022

Ericsson to wind down business activities in Russia over coming months

STOCKHOLM/MOSCOW (Reuters) -Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers.

newspaper

29-08-2022

China's August factory activity likely shrank amid COVID flare-ups, property crisis - Reuters poll

China's factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crunch in southwestern China hit production.

newspaper

29-08-2022

Fortescue posts 40% profit drop on weak iron ore prices, China slowdown

(Reuters) -Australian miner Fortescue Metals Group Ltd said on Monday its annual profit fell 40% despite record shipments of iron ore, due to declining prices of the steelmaking material amid cooling demand from top consumer China.

newspaper

29-08-2022