EASIA

US bans Huawei, ZTE equipment sales citing national security risk

Nov 25 (Reuters) – The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose “an unacceptable risk” to US national security. The US Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of equipment …

US bans Huawei, ZTE equipment sales citing national security risk Read More »

Tokyo prosecutors raid ad giant Dentsu as Olympics scandal widens

TOKYO, Nov 25 (Reuters) – Tokyo prosecutors raided the headquarters of ad agency Dentsu Inc and an events company on Friday, part of a widening scandal into corruption during the Tokyo 2020 Olympics. The companies are being investigated on suspicion of rigging bids for contracts related to Olympics test events, public broadcaster NHK and other …

Tokyo prosecutors raid ad giant Dentsu as Olympics scandal widens Read More »

China regulator says Tesla recalls more than 80,000 cars

BEIJING, Nov 25 (Reuters) – Tesla Inc is recalling more than 80,000 China-made and imported cars produced from as early as 2013, for software and seat belt issues, a statement by the Chinese market regulator revealed on Friday. The US-based electric car maker has recalled 67,698 Model S and Model X cars imported to China …

China regulator says Tesla recalls more than 80,000 cars Read More »

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave -source

Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of …

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave -source Read More »

Consumer inflation in Japan’s capital rises at fastest pace in 40 years

Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for 6th straight month Data underscores broadening inflationary pressure TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November and exceeded …

Consumer inflation in Japan’s capital rises at fastest pace in 40 years Read More »

Dollar nears 3-mth low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plough on. With Wall Street shut for Thanksgiving, it was up to …

Dollar nears 3-mth low, shares climb after Fed tests the brakes Read More »

Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, conditions Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China …

Foxconn apologises for pay-related error at China iPhone plant after worker unrest Read More »

Russia revives Soviet-era Moskvich brand with Chinese model

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 23 (Reuters) – After a two-decade hiatus, Russia on Wednesday launched production of the Moskvich car brand at a plant near Moscow given up by the French carmaker Renault, with a new, modern Chinese design that …

Russia revives Soviet-era Moskvich brand with Chinese model Read More »

Investors batten down ahead of Fed minutes, Eurozone recession fears grow

Fed minutes awaited US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Eurozone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares were little changed on Wednesday as investors kept their eyes peeled for the minutes of a Federal Reserve meeting that could …

Investors batten down ahead of Fed minutes, Eurozone recession fears grow Read More »

Stick-wielding men smash surveillance cameras at China iPhone plant

SHANGHAI, Nov 23 (Reuters) – Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform showed on Wednesday. Hundreds of workers protested at the campus, home to the world’s largest iPhone …

Stick-wielding men smash surveillance cameras at China iPhone plant Read More »