SEOUL (Reuters) – YouTube will launch its first official shopping channel for live commerce in South Korea on June 30, Yonhap news agency reported on Wednesday. South Korea already has a booming live-streaming commerce business led by tech giant Naver, making it a prime test market for the global heavyweight as the Alphabet-owned company focuses…
MELBOURNE (Reuters) – The world’s biggest iron ore miner Rio Tinto said on Wednesday that it had reopened a rail line at its Western Australian operations after a train carrying iron ore near the port of Dampier derailed at the weekend. The line will remain subject to speed restrictions while a clean up of the…
By Abhirup Roy SAN FRANCISCO (Reuters) -Electric vehicle maker Rivian said on Tuesday it will adopt Tesla’s charging standard, giving Rivian customers access to the biggest U.S. charging network and adding momentum to Tesla’s bid to set the industry standard. Rivian said its customers will be able to access 12,000 Tesla Superchargers with adapters in…
By Qiaoyi Li and Liz Lee BEIJING/SHANGHAI (Reuters) -China on Wednesday announced an extension of a purchase tax break on new energy vehicles (NEVs), a new pillar of the economy whose muted recovery has seen market watchers calling for more stimulus. NEVs bought from Jan. 1, 2024 through the end of 2025 will be exempt…
By Harish Sridharan (Reuters) -The Australian Competition Tribunal (ACT) upheld a decision to block an asset transfer deal between wireless internet firms Telstra Group and TPG Telecom, the companies said on Wednesday, in a ruling that sent TPG shares down 11%. Under the deal announced in February 2022, Telstra would have bought spectrum – airwaves…
(Reuters) – Hit television writer and producer Ryan Murphy is planning to leave Netflix to join Walt Disney, Bloomberg News reported on Tuesday, citing people familiar with the matter. Murphy is known for his creation of hits from “Glee” to “9-1-1” and “American Horror Story” and serial-killer series “Dahmer – Monster: The Jeffrey Dahmer Story,”…
TOKYO (Reuters) – SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to “offence mode”. “The time has come to shift to offence mode,” Son told shareholders at the group’s annual general meeting. The group has moved to a defensive stance, cutting back its investing activity…
BENGALURU (Reuters) -IndiGo, India’s largest airline, on Monday placed an order for 500 Airbus narrowbody jets, the largest ever plane deal by number of aircraft, overtaking an earlier deal by rival Air India that was firmed up on Tuesday. Following are the biggest plane deals, by number of aircraft. INDIGO – 500 JETS – 2023…
By Jarrett Renshaw and Hyunjoo Jin (Reuters) -Tesla scored a series of victories for its charging technology on Tuesday, capped by Texas saying it would require electric vehicle charging companies to include both Tesla’s standard as well as the nationally recognized CCS if they want to be part of a state program to electrify highways…
By Joe Cash BEIJING (Reuters) – A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and decoupling, according to the European Chamber of Commerce in China. The number of European firms that see China as a top-three destination for…
