Founder of Taiwan’s Foxconn says China won’t attack if he’s president

TAIPEI (Reuters) – The billionaire founder of Taiwan’s Foxconn and presidential hopeful Terry Gou said on Thursday China does not want war with the island and would not attack if he become president as he would not declare independence. Tension between Taipei and Beijing has surged in the run-up to January’s presidential election in Taiwan,…

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Japan ex-regulator head warns against excess regulation aimed at stopping digital bank runs

By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Financial authorities must be mindful of the risk of excessive regulation aimed at preventing digital bank runs caused by online rumours and speculation, said the former commissioner of Japan’s Financial Services Agency (FSA). The failure of Silicon Valley Bank and Signature Bank in the United States…

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Australia to overhaul immigration system, smooth entry for skilled workers

SYDNEY (Reuters) – Australia proposed on Thursday overhauling its immigration system to speed up getting highly skilled workers into the country and smoothening the path to permanent residency. The federal Labor government said the current system used to select skilled migrants – the points test – will be modified to identify people with the correct…

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Toyota edges past 9.1 million vehicle output goal, warns chip shortage lingering

TOKYO (Reuters) – Japan’s Toyota Motor Corp set a global annual output record in the business year ended in March, just edging past its target of 9.1 million vehicles as factory disruption from global chip supply woes and pandemic lockdowns eased. But the world’s biggest automaker by sales warned it continued to see impacts from…

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China Jan-Mar industrial profit slump underlines patchy economic recovery

BEIJING (Reuters) -China’s industrial firms’ profits shrank at a slightly slower pace in January-March but the decline remained in the double-digits as the economy struggled to fully recover despite the country’s exit from its zero-COVID policy. Profits at these firms fell 21.4% in the first three months from a year earlier, cumulative data released by…

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China’s job market tough, especially for college graduates, vice minister says

BEIJING (Reuters) -China’s job market remains tough, and it is becoming especially hard for college graduates to find jobs, vice Human Resources minister Yu Jiadong said on Thursday. China’s cabinet on Wednesday unveiled plans to boost employment, including supporting financial institutions to offer loans to small firms and issuing subsidies to firms that hire college…

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