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

Employee of Canada’s largest electricity producer charged with spying for China, police say

Hydro-Quebec is Canada’s largest electricity producer Employee accused of stealing trade secrets for China The man will appear in court on Tuesday Beijing calls on Canada not to politicize the matter OTTAWA, Nov. 14 (Reuters) – An employee of Canada’s largest electricity producer, Hydro-Quebec, who was involved in research into battery materials has been charged … Read more

Exclusive: US Blocks More Than 1,000 Solar Shipments Over Chinese Slave Labor Concerns

Nov. 11 (Reuters) – More than 1,000 shipments of solar components worth hundreds of millions of dollars have piled up in U.S. ports since June under a new law banning imports from China’s Xinjiang region over slave labor concerns, according to federal customs officials and sources from the industry. The previously unreported number of seizures … Read more

China’s Xiaomi says it will protect its business interests after India freezes its assets

MUMBAI, Oct. 3 (Reuters) – Chinese smartphone maker Xiaomi Corp (1810.HK) said Sunday it was “disappointed” with an Indian order that froze $682 million of its assets and would continue to protect its interests. An Indian appellate body on Friday confirmed an order in April from India’s federal agency to fight financial crime, the Enforcement … Read more

Russia’s Gazprom says Siemens Energy is ready to fix Nord Stream flaw

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Register Sept 3 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Saturday that Siemens (ENR1n.DE) was ready to make repairs to the Nord Stream 1 … 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

South Korea’s Yoon Pardons Samsung’s Jay Y. Lee to Fight ‘Economic Crisis’

Samsung scion spent 18 months in prison for bribery S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee grace – analysts SEOUL, Aug. 12 (Reuters) – South Korean President Yoon Suk-yeol on Friday pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee, with the South Korean Ministry of Justice … Read more