SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to Japan, marking its first foray into the Asian market. The marketplace, the sister site of Chinese discount e-commerce platform Pinduoduo, ships everything from clothing to electronics and home goods, mainly from Chinese merchants to customers overseas at rock bottom prices….
(Reuters) – Russia will allow the U.S. ambassador to Moscow to visit detained Wall Street Journal reporter Evan Gershkovich “on a reciprocal basis”, Foreign Ministry spokeswoman Maria Zakharova said on Thursday. Ambassador Lynne Tracy was able to visit Gershkovich this week for only the second time since he was detained in March on espionage charges,…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets have taken a hit from a deepening selloff in China as they await critical health checks on U.S. employment over the next two days. With U.S. Treasury Secretary Janet Yellen in Beijing just as tit-for-tat trade restrictions ratchet up,…
By Brendan Pierson and Andrew Goudsward (Reuters) – A federal judge’s order restricting Biden administration officials from contacting social media companies about moderating their content will face tough legal challenges on appeal, experts said. Several legal scholars and attorneys said while the lawsuit challenging the administration’s communications with social media companies raised real free speech…
By Kirsty Needham SYDNEY (Reuters) – An Australian lawyer with a bounty on his head from the Hong Kong authorities, said on Thursday he was being pursued for “exercising my democratic rights” in a crackdown on free speech. Kevin Yam, 47, is one of eight overseas-based activists accused by Hong Kong police of “serious” national…
By David Shepardson WASHINGTON (Reuters) -TikTok Inc on Wednesday asked a U.S. judge to block enforcement of a Montana state ban on use of the Chinese-owned app before it takes effect on Jan. 1. TikTok, which is owned by China’s ByteDance and filed suit in May, asked U.S. District Judge Donald W. Molloy to issue…
By Lewis Jackson SYDNEY (Reuters) – Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax plans, after a report linked Google to the national scandal first exposed in January. Citing two sources, Reuters reported on Wednesday that Google had received…
By Sofia Menchu GUATEMALA CITY (Reuters) – Guatemala presidential candidate Bernardo Arevalo, the surprise second-place finisher in first-round elections, said the government is behind attempts to question the result and wants to remove him from the run-off. The country’s top court called for a ballot review of the June 25 vote after the ruling party…
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Equity funds with an environmental, social and governance (ESG) tilt suffered a large loss of investors in the three months to end-June, dragging the sector into a rare net outflow for a first half of the year, data showed. Outflows were driven by economic and regulatory…
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates that have boosted carry trades, a Reuters poll found on Thursday. The June 30-July 5 poll of 52 currency strategists found as long as most…
