China’s COVID infections hit a record as economic outlook worsens

China hit record high during the Shanghai outbreak in April Cabinet hints at reduction of reserve ratio requirement (RRR) Nomura cuts China’s GDP targets as lockdowns expand Chinese stocks fall, lagging rise in global stocks BEIJING, Nov 24 (Reuters) – China reported a record number of COVID-19 infections on Thursday, with cities across the country … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

China widens COVID sidewalks, Apple factory unrest adds to economic concerns

COVID restrictions are increasing as the number of cases increases iPhone factory unrest adds to economic concerns, highlights frustrations Analysts warn of potential for wider lockdowns BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to curb rising coronavirus cases, heightening investor concerns about the economy as new unrest at the world’s … Read more

Third Japanese cabinet minister in a month resigns in blow for prime minister

TOKYO, Nov 21 (Reuters) – Japan’s interior minister resigned on Sunday over a funding scandal. He is the third cabinet member to leave in less than a month, a major blow to Prime Minister Fumio Kishida’s already shaky support. Kishida’s approval ratings have plummeted after the assassination of former Prime Minister Shinzo Abe in July … Read more

Microsoft boosts search for Chinese game hits in race against Sony

HONG KONG, Oct. 25 (Reuters) – Microsoft Corp (MSFT.O) stocks Chinese video game content to mimic the success of Sony Group Corp (6758.T) with “Genshin Impact,” sources said, signaling China’s transition from a country only confirms from players to a hub of blockbuster developers. The US software giant and Japan’s technology vanguard has been offering … Read more

Tencent shifts focus to majority deals, foreign gaming assets for growth sources

HONG KONG, Oct. 1 (Reuters) – Tencent is realigning its M&A strategy to focus more on buying controlling stakes, primarily in foreign gaming companies, as the tech giant sees global expansion to offset slowing growth at home in China, people with direct knowledge of said case. Tencent Holding Ltd (0700.HK) has been investing in hundreds … Read more

British-Ghanaian gaming collective provides safe haven for players of diversity

Register now for FREE unlimited access to Register ACCRA, Sept. 8 (Reuters) – A door with a keyboard in the Ghanaian capital Accra hid a neon-lit hall with flickering processors, clicking keyboards and excited voices. The young crowd erupted as brother defeated sister in a hard-fought but good-humoured round of Mortal Kombat. British-Ghanaian gamer … Read more

South Korea braces for ‘very strong’ typhoon, companies curb operations

Register now for FREE unlimited access to Register SEOUL, Sept. 5 (Reuters) – South Korea raised its typhoon alert to its highest level on Monday as approaching Typhoon Hinnamnor approached forced flight cancellations, the suspension of some business activities and the closure of schools. Heavy rain and strong winds swept the south of the … Read more

As Japanese manufacturing fades, a factory town fights to stay alive

HIGASHIOSAKA, Japan Aug. 22 (Reuters) – For decades small factories in the western Japanese city of Higashiosaka have fueled the boom of the country’s biggest brands – but a weak yen and rising costs have accelerated a slow decline and are reshaping industrial heartland . Home to about 6,000 companies, 87% of which have fewer … Read more

The gaming industry’s fortunes are fading as spending pressures follow a pandemic

Aug 10 (Reuters) – Gaming companies are facing a slowdown in video game demand from pandemic highs, casting doubt on their ability to weather an economic downturn. Rising prices and a lack of hit titles have compounded problems for video game publishers Activision Blizzard Inc (ATVI.O) and Electronic Arts (EA.O) who are also dealing with … Read more