TOKYO (Reuters) – Former Nissan Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault are trying to go for “very small and reduced” cooperation between them with a deal to overhaul their long-standing alliance. “With the latest agreement, they’re trying to go for a mini alliance with a very reduced scope of…
TAIPEI (Reuters) – Taiwan is looking to buy National Advanced Surface-to-Air Missile Systems, or NASAMS, from the United States to upgrade its air defence capabilities having seen how well they work in Ukraine, the island’s defence minister said on Tuesday. China, which claims Taiwan as its own territory, has stepped up military and political pressure…
(Reuters) – Deutsche Bank lowered its forecast for China’s economic growth forecast this year to 5.3%, from 6% earlier, citing weakness in domestic consumption demand and a deterioration in the property sector. Data on Monday showed China’s economy grew 6.3% in the second quarter on a year-on-year basis, accelerating from 4.5% in the first three…
By Liliana Salgado PHOENIX (Reuters) -Asia, Europe and the United States baked under extreme heat on Monday as global temperatures soared toward alarming highs and U.S. leaders sought to reignite climate diplomacy with China. The United States was scorched by record-setting heat in the West and South, lashed with flood-triggering rain in the Northeast, and…
(Reuters) – France’s President Emmanuel Macron will visit Papua New Guinea next week, the latest world leader to visit the Pacific Islands nation which says it is “neutral ground” amid competition between China and the U.S. for influence in the region. Papua New Guinea’s Prime Minister James Marape said in a statement on Tuesday that…
By Andrea Shalal (Reuters) – World Bank President Ajay Banga unveiled new plans on Tuesday to stretch the bank’s balance sheet and help countries tackle climate change and other challenges, but said a capital increase would still eventually be needed. Banga, a former Mastercard CEO who took over the helm of the World Bank on…
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -India’s Adani Group is confident of its governance and disclosure standards after a top court panel found no lapses at the conglomerate, its chairman said on Tuesday, calling a U.S. short-seller’s report earlier this year a “malicious attempt” at damaging its reputation. The panel “confirmed the…
By Richard Cowan WASHINGTON (Reuters) -Maverick Democratic Senator Joe Manchin on Monday said he believed that having a third-party candidate run in the 2024 U.S. presidential election would “threaten” the two major political parties into tacking towards more moderate positions as their only path to victory. The former West Virginia governor left open the door…
By Faith Hung and Ben Blanchard TAIPEI (Reuters) – Taiwanese chipmaker TSMC is expected to report a 27% fall in second-quarter net profit on Thursday, as global economic woes dent demand for semiconductors, though analysts say business performance is likely to improve in the current quarter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest…
KUALA LUMPUR (Reuters) – Malaysian police said on Tuesday they had opened an investigation into the disappearance this month of a Myanmar democracy activist and her family, who are U.N. refugee card holders. Human Rights Watch (HRW) this week said Thuzar Maung, 46, her husband and three children, were feared abducted “in a planned operation”…
