(Corrects range of price cuts in Japan in last paragraph to between 3% and 4%, not 3% and $5) BEIJING (Reuters) – Tesla on Friday said it would offer new buyers of its top-selling electric vehicles in China a cash bonus equivalent to almost $500 if they have a referral from an existing owner, deepening…
By Pavel Polityuk KYIV (Reuters) – Ukraine would welcome receiving cluster munitions from the United States because they would have an “extraordinary psycho-emotional impact” on Russian forces, a senior Ukrainian official said on Friday. Three U.S officials speaking on condition of anonymity this week said a weapons aid package that includes cluster munitions fired by…
BEIJING (Reuters) – China has announced export restrictions to take effect from Aug. 1 on some gallium and germanium products, metals used in computer chips and other products, citing national security interests. China produces around 60% of the world’s germanium, or 180 metric tons in 2022, and over 90% of the world’s gallium, about 606…
By Josh Ye and David Kirton HONG KONG (Reuters) -Alibaba Group Holdings and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race. Alibaba Cloud, an Alibaba subsidiary, presented at the World Artificial Intelligence…
A look at the day ahead in U.S. and global markets from Mike Dolan The seeming serenity of June markets has finally been broken by summer storms as a blistering selloff in bonds snowballed following news of buoyant U.S. job creation last month that stiffens expectations for more interest rate rises. A trio of U.S….
By Karl Plume CHICAGO (Reuters) – U.S. corn export dominance is fading in an increasingly competitive global marketplace as Brazil, aided by a new supply agreement with China, is set to out-ship the U.S. for just the second time ever this season. Meanwhile, Mexico, America’s other top market, is preparing to limit imports of genetically…
BEIJING (Reuters) – China’s President Xi Jinping, on an inspection tour of a major industrial province, renewed his call for greater innovation and technological self-reliance, as the United States intensifies curbs on Chinese access to advanced technologies. China should accelerate the upgrades of key technologies and core products, state-run Xinhua news agency reported on Friday,…
By Hyunsu Yim and Soo-hyang Choi SEOUL (Reuters) – South Korea said on Friday Japan’s plan to discharge treated radioactive water from its tsunami-wrecked Fukushima nuclear plant met global safety standards and it respected the U.N. nuclear watchdog’s approval for the release. Japan plans to soon start releasing more than a million tons of treated…
By Riddhima Talwani and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – Restaurants of fast food chain McDonald’s have dropped tomatoes from their burgers and wraps in many parts of India, hit by supply shortages and quality concerns after prices of the vegetable soared to records. In some regions, wholesale prices of the staple of traditional Indian…
By Sakura Murakami and Tim Kelly TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida will join NATO leaders in Lithuania on Tuesday to remind an alliance focused on Ukraine to pay heed to Chinese and Russian activity in Asia, which Japan sees as a threat to global security. Kishida’s second visit to a North Atlantic Treaty…
