TAIPEI (Reuters) – Taiwan’s government has opened a probe into Chinese-owned social media platform TikTok on suspicion of illegally operating a subsidiary on the island, and warned that the social media platform was being used by Beijing to spread disinformation. TikTok, which is not widely used in Taiwan, has come under pressure mostly in the…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) must make its monetary policy framework more flexible and stand ready to raise its long-term interest rate target next year if the economy can withstand overseas risks, former deputy governor Hirohide Yamaguchi told Reuters. Yamaguchi, who is considered a candidate to become next BOJ…
MELBOURNE (Reuters) – Newcrest Mining Ltd Chief Executive Sandeep Biswas will retire from his role at the helm of Australia’s largest gold producer, the company said on Monday. Chief Financial Officer Sherry Duhe, who joined the company in February, will step in as interim chief executive while a global internal and external search for a…
ROME (Reuters) – Italy will scrap part of its plans to facilitate cash payments for goods and services after criticism from European Union authorities, Economy Minister Giancarlo Giorgetti said on Sunday. In its draft 2023 budget the government had proposed changing the current system in which sellers risk fines if they refuse to accept card…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. There’s a reason investors are warned not to fight the Fed, but sometimes they still need to learn the hard way. When the second most powerful central bank in the world is standing shoulder to shoulder with the…
(Reuters) -Twitter on Sunday said that it will remove accounts created solely for the purpose of promoting other social platforms and content that contains links or usernames. The move would impact content from social media platforms like Meta Platforms’ Facebook and Instagram, along with Mastodon, Truth Social, Tribel, Nostr and Post while allowing cross-content posting,…
(Reuters) – Twitter on Sunday said that it will remove accounts created solely for the purpose of promoting other social platforms and content that contains links or usernames. The move would impact content from social media platforms like Meta Platforms’ Facebook and Instagram, along with Mastodon, Truth Social, Tribel, Nostr and Post while allowing cross-content…
BERLIN (Reuters) – The CEO of Uniper has asked shareholders to approve a planned bailout by Berlin that will cost more than 50 billion euros ($52.91 billion), warning that the stricken German gas trader will otherwise have to consider filing for insolvency. Ahead of Monday’s extraordinary shareholder meeting in Duesseldorf, Chief Executive Klaus-Dieter Maubach said…
BERLIN (Reuters) – German union Verdi on Sunday called on workers at Amazon warehouses across Germany to support rolling strikes in coming days in a protest over pay, aimed at maximising disruption to the online retailer’s pre-Christmas business. The union said that, in response to pay hikes that had lagged inflation, it had called on…
HONG KONG (Reuters) – Chinese logistics and commercial developer China South City Holdings Limited said it had agreed to sell a nearly 70% shareholding in a business that holds its projects in the central city of Xian to a state-owned shareholder for 5 billion yuan ($717 million). The developer said in a filing it is…
