By Gayatri Suroyo, David Brunnstrom and Simon Lewis JAKARTA/WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken held “candid and constructive” talks with top Chinese diplomat Wang Yi on Thursday in Indonesia’s capital, an official said, the latest in a series of interactions Washington says are aimed at managing competition between the rival superpowers. In…
(Reuters) – A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday. The survey on nine “superstar” cities — Beijing, Houston, London, New York City, Paris, Munich, San Francisco, Shanghai…
By Sarah Marsh and Andreas Rinke BERLIN (Reuters) -Germany on Thursday published its first and long-awaited China strategy which was unflinching in its appraisal of Beijing’s “increasing assertiveness” but vague on policy measures to reduce critical dependencies. The 64-page document comes amid a broader push in the West to reduce strategic dependencies on a China…
NEW YORK (Reuters) – Foreigners funneled over $22 billion net into emerging market portfolios in June, the largest amount since January, and China posted its sixth consecutive month of outflows from debt securities, data from the Institute of International Finance showed on Thursday. Chinese portfolios did eke a net positive month with the $1.9 billion…
(Reuters) – Germany on Thursday passed its long-awaited China strategy after months of wrangling within Chancellor Olaf Scholz’s three-way coalition over how much to toughen Berlin’s stance. Following are highlights of the paper and statements by German leaders. GERMANY’S ASSESSMENT OF CHINA * China is trying to create economic and technological dependencies in order to…
BEIJING (Reuters) – Alibaba’s Ele.me on Thursday became China’s first delivery platform to sign collective contracts on wages and labour safety with its staff, official media reported, as Beijing signals an end to its crackdown on the tech sector. The contracts will apply to 3 million workers on the platform across 11,000 delivery stations in…
By Devjyot Ghoshal and Panu Wongcha-um BANGKOK (Reuters) – In the 60 days since a stunning election victory, the leader of Thailand’s Move Forward party forged and managed a coalition, cajoled the royalist military establishment and rallied his troops with a single goal – to become prime minister. On Thursday, 42-year-old Pita Limjaroenrat failed in…
BEIJING/SHANGHAI (Reuters) – Mitsubishi Motors’ joint venture with China’s Guangzhou Automobile Group (GAC) on Thursday said it would cut staff costs to try to revive its fortunes after sharp sales declines for sport utility vehicles (SUV) such as the Outlander. State-owned automaker GAC said in a statement the venture would look to “optimise” its employment…
By Fabian Cambero SANTIAGO (Reuters) – Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for the renewable energy revolution, with steps such as cuts in energy costs, speeded-up permit approvals and other incentives. Beginning in 2024, mining royalties…
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s Pita Limjaroenrat failed on Thursday in his initial bid to become Thailand’s next prime minister, after he was thwarted in a high-stakes parliamentary vote that included a host of no-shows and nearly 200 abstentions. The leader of election winners Move Forward was unopposed in the…
