(1/2) Visitors stand next to a ‘Make In India’ logo during a three-day semiconductor event in Bangalore, India April 30, 2022. REUTERS/Munsif Vengattil/File Photo India’s Modi wants to turn the country into a chip manufacturing hub Companies struggle to move forward with source plans Intel-Tower deal blocks chip plans from consortium-sources The mega Vedanta-Foxconn JV … Read more
(1/3) A still photograph shows what appears to be North Korea’s new Chollima-1 rocket launched in Cholsan County, North Korea on May 31, 2023 in this image released by Korea Central News Agency. North and taken from a video. KCNA via REUTERS SEOUL, June 1 (Reuters) – North Korea’s Kim Yo Jong, sister of leader … Read more
(1/3) Tesla Chief Executive Elon Musk stands near Chinese Minister of Commerce Wang Wentao before leaving the Chinese Ministry of Commerce in Beijing, China May 31, 2023. REUTERS/Tingshu Wang BEIJING, May 31 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk kicked off his second day in China with visits to the country’s Commerce Ministry and … Read more
WASHINGTON, May 30 (Reuters) – The United States on Tuesday imposed sanctions on 17 individuals and entities based in China and Mexico that it accused of enabling the production of counterfeit pills containing fentanyl, as the administration Biden seeks to stem imports of the deadly drug. . The Treasury Department said it imposed sanctions on … Read more
The manufacturing PMI drops unexpectedly Non-manufacturing PMI drops, showing slowdown in services PMI indices show that the economic recovery is running out of steam Markets skid on weak PMI BEIJING, May 31 (Reuters) – Chinese factory activity contracted faster than expected in May due to weaker demand, putting pressure on policymakers to shore up an … Read more
SHENZHEN, China, May 31 (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the United States is becoming increasingly difficult. Prior to 2019, there were few major barriers to a Chinese company doing business in the United States from China. But amid escalating trade tensions between the United States and China, particularly after Washington … Read more
SEOUL/TOKYO, May 31 (Reuters) – North Korea launched what it calls a space satellite southwards on Wednesday, the South Korean military said, triggering emergency alerts and brief warnings of evacuation in parts of South Korea and Japan. North Korea had said it would launch its first military reconnaissance satellite between May 31 and June 11 … Read more
BEIJING, May 30 (Reuters) – A private jet used by Tesla Inc (TSLA.O) CEO Elon Musk has arrived in Beijing, a Reuters witness said. Musk is expected to meet senior Chinese officials and visit Tesla’s factory in Shanghai, sources said, in what would be his first trip to China in three years. Tesla did not … Read more
SYDNEY, May 30 (Reuters) – Asian stocks lost their first gains on Tuesday as relief that a possible U.S. government default had been averted gave way to fears that the debt ceiling suspension agreement is not a compromise that would have negative consequences. The package still needs to be approved by the Republican-controlled House of … Read more
(1/5) Wang Chunxiang waits for customers as she sells steamed sweet rice cake on a wheeled cart among other street vendors in Shanghai, China May 21, 2023. REUTERS/Nicoco Chan SHANGHAI/BEIJING, May 30 (Reuters) – Wang Chunxiang pushes a cart through busy Shanghai, playing cat and mouse with authorities as she tries to sell pastries. The … Read more
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