By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s annual exports grew much-less than expected in June, highlighting weak Chinese and Western demand that continues to undercut the post-COVID recovery in the world’s third-biggest economy. The risk of a world recession amid monetary policy tightening since last year has cast a pall over export-led economies, with many countries…
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Taiwanese chipmaker TSMC forecast a drop of around 10% in 2023 sales on Thursday and flagged investment spending at the low end of estimates as global economic woes dent demand for chips used in everything from cars to cellphones. The world’s largest contract chipmaker said that high…
By Valerie Volcovici and David Stanway BEIJING (Reuters) – U.S. climate envoy John Kerry said more work was needed this year to reach agreements with China on major climate issues, after three days of talks in Beijing to rebuild trust between the world’s two biggest carbon polluters. The two sides agreed climate change was urgent…
By Corina Pons MADRID (Reuters) – Zara owner Inditex said on Thursday it had reached an initial agreement to transfer the operation of its stores in Argentina and Uruguay to Regency Group, which already runs other parts of its Latin American network. The 15 Zara stores in the two countries, where Inditex has been operating…
BEIJING (Reuters) – China’s exports to North Korea fell 6.6% last month versus May, customs data shows, though they remained eight times higher than in June 2022 when the secretive state was reporting tens of thousands of COVID-19 cases per day and had shut its border. The data set is erratic, with exports often increasing…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Streaming video pioneer Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling nearly 9% in after-hours trading. The revenue figure, along with a weaker-than-expected forecast for revenue in the third quarter, overshadowed the addition of 5.9 million…
By Amy-Jo Crowley LONDON (Reuters) -Three major bidders for the consumer data arm of UK business media group Ascential have walked away from the auction, people familiar with the situation said, putting a question mark over attempts to break up the 1 billion pound ($1.29 billion) group. London-listed Ascential had intended to sell the business,…
BEIJING (Reuters) – It is China’s “priority” to stop Taiwan’s vice president and presidential frontrunner William Lai from visiting the United States next month, the country’s ambassador in Washington said on Wednesday, as Beijing steps up its warnings against the trip. China, which views Taiwan as its own territory, has stepped up military and political…
By Ryan Woo and Ellen Zhang BEIJING (Reuters) -An unusually public claim by a Chinese professor the country’s youth jobless rate might have hit close to 50% in March has stoked a debate about official data and a soft labour market, despite curbs on negative portrayals of the economy. The National Bureau of Statistics said…
By Raphael Satter WASHINGTON (Reuters) – Microsoft Corp is expanding its suite of free security tools for customers, the software company said on Wednesday, following criticism that it was charging clients to protect themselves against Microsoft’s mistakes. The move follows a high-level hack that allowed allegedly Chinese spies to steal emails from senior U.S. officials…
