Category Archives:
Japan’s largest labour union to seek wage hike over 5% next year – NHK
TOKYO (Reuters) - Japan's largest labour organisation Rengo is planning to ask for a total pay hike of more than 5%, including a 3% increase in base salaries, at negotiations in spring next year, publ...
Oct 17, 2023
Chinese AI upstart Baichuan raises $300 million from Alibaba, Tencent, others
HONG KONG/BEIJING (Reuters) - Chinese artificial intelligence (AI) startup Baichuan said on Tuesday it has raised $300 million from investors including Chinese tech giants Alibaba and Tencent. The com...
Oct 17, 2023
Amazon to launch online shopping service in South Africa in 2024
JOHANNESBURG (Reuters) -U.S. ecommerce firm Amazon said on Tuesday it would launch its online shopping service in South Africa in 2024, entering a market dominated by Naspers' TakeAlot. The online ret...
Oct 17, 2023
US opens probe into 594 vehicles of GM’s Cruise LLC
(Reuters) - U.S. auto safety regulators said on Tuesday they have opened a preliminary evaluation into about 594 vehicles of General Motors' self-driving unit Cruise LLC. The National Highway Traffic ...
Oct 17, 2023
Exclusive-China tells banks to roll over local government debts – sources
BEIJING (Reuters) - China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part ...
Oct 17, 2023
Taiwan’s Powerchip considering 5 sites in Japan for $5.4 billion factory – sources
By Fanny Potkin, Sam Nussey and Miho Uranaka SINGAPORE/TOKYO (Reuters) - Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp is considering around five sites in Japan, including Mie prefecture...
Oct 17, 2023
Tesla recalls nearly 55,000 Model X vehicles, auto regulator says
(Reuters) - Tesla has recalled 54,676 Model X vehicles manufactured between 2021-2023 as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light, U.S. auto r...
Oct 17, 2023
Virgin Australia’s IPO executive David Marr resigns
(Reuters) - Bain Capital-owned Virgin Australia on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), ha...
Oct 17, 2023
Explainer-Country Garden: What happens next?
By Clare Jim HONG KONG (Reuters) - Country Garden's entire offshore debt will be deemed to be in default if China's largest private property developer fails to make a $15 million coupon payment on Tue...
Oct 17, 2023
Japan ruling LDP offers proposals for Kishida’s economic package, but no income tax cuts
TOKYO (Reuters) - Lawmakers from Japan's ruling Liberal Democratic Party (LDP) gave a list of proposals to Prime Minister Fumio Kishida's cabinet for possible inclusion in an economic package to help ...
Oct 17, 2023
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