Tencent cuts cloud service prices up to 40% to fend off rivals
By Josh Ye HONG KONG (Reuters) -Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to…
Asia
Arab League head welcomes Syria back into the bloc
DUBAI (Reuters) – Arab League Secretary General Ahmed Aboul Gheit welcomed Syria back into the bloc on Wednesday, as Arab…
China’s Xi pledges deeper Kazakh ties in times of ‘prosperity and adversity’
By Andrew Hayley XIAN, China (Reuters) -China wants to further deepen relations with Kazakhstan in times of both “prosperity and…
Analysis-Amgen’s antitrust woes spur wider pharmaceutical deal fears
By David Carnevali NEW YORK (Reuters) – Investors are scrambling to assess the fallout of a U.S. regulatory challenge against…
Nomura, Barclays cut China 2023 GDP forecasts as recovery sputters
BEIJING (Reuters) – Nomura has cut its forecast for China’s 2023 gross domestic product (GDP) growth to 5.5% from 5.9%…
Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ
(Reuters) – Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66…
Japan emerges from recession on post-COVID consumer rebound
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japan’s economy emerged from recession and grew faster than expected in…
Hyundai Europe CEO: we won’t take a “knee-jerk reaction” to Tesla
MUNICH (Reuters) – Hyundai Motor Co’s European chief said the carmaker was not making a direct change to its pricing…
Vietnam EV maker VinFast sees sales boom, path to breakeven
By Phuong Nguyen HANOI (Reuters) -Vietnam’s VinFast expects to sell as many as 50,000 electric vehicles (EVs) this year, an…
Elon Musk says Tesla not immune to tough economy that he foresees
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was…