TOKYO (Reuters) – Nidec said on Sunday that it is teaming up with Brazilian firm Embraer to form a new company that will make parts for flying cars and be set up in the United States. The new firm, to be known as Nidec Aerospace, will be based in St Louis, making use of existing…
By Philip Blenkinsop (Reuters) – European countries should strengthen relations with Taiwan if they want continued Taiwanese investment in semiconductor production, Foreign Minister Joseph Wu said during a visit to Europe last week. Overseas investments by Taiwan Semiconductor Manufacturing Corp (TSMC), the world’s largest contract chipmaker, need government approval, including for a potential factory in…
MEXICO CITY (Reuters) – Mexican authorities found 129 migrants, mostly from Guatemala, crowded into a truck trailer in the eastern state of Veracruz, the National Migration Institute (INM) said in a statement on Saturday. The migrants were crammed into a trailer in the midst of a heat wave in Mexico, where higher-than-normal temperatures have topped…
(Reuters) – Saudi Arabia wants enhanced maritime security in the crucial Gulf region as part of its rapprochement with long-time rival Iran, Foreign Minister Prince Faisal bin Farhan said on Saturday. Iran and Saudi Arabia agreed in March, in a deal brokered by China, to end a diplomatic rift and reestablish relations following years of…
By Andrew Osborn (Reuters) – President Vladimir Putin said on Friday that his deployment of tactical nuclear weapons to Belarus, something he confirmed for the first time had already happened, was a reminder to the West that it could not inflict a strategic defeat on Russia. Speaking at Russia’s flagship economic forum in St Petersburg,…
TAIPEI (Reuters) – Taiwan’s central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them about foreign exchange policies, after the United States kept the island on a monitoring list. Treasury said on Friday it found that no major U.S. trading partners had manipulated their…
TOKYO (Reuters) – Japan plans to stoke competition in smartphone app payments, dominated by Apple and Google, by banning major app store operators from forcing software developers to use the operators’ own payment systems, a government panel said. The final report by the panel, released on Friday, also said major suppliers of smartphone operating systems…
SEOUL (Reuters) – North Korea convened a key party meeting to decide its diplomatic and defence strategy “to cope with the changed international situation”, with leader Kim Jong Un attending, state media KCNA said on Saturday. The enlarged plenary meeting of the Central Committee of the ruling Workers’ Party of Korea (WPK) opened on Friday…
By Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stock markets took a breather on Friday after a run to 14-month highs, while the U.S. dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings around the world. The MSCI All-World index edged…
By Stephanie Kelly NEW YORK (Reuters) -Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness in the global economy and the prospect for further interest rate hikes. Brent crude gained 94 cents to settle at $76.61 a barrel. U.S. West Texas Intermediate…
