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September 15, 2021 JAKARTA (Reuters) – South Korea’s LG Energy Solution (LGES) and Hyundai Motor Group have started construction on a $1.1 billion plant to make batteries for electric vehicles (EVs) in Indonesia, amid a push by the Southeast Asian nation to tap its rich nickel reserves. In a video broadcast on Wednesday, Indonesian President […]

September 15, 2021 By Hyonhee Shin SEOUL (Reuters) -North Korea fired a pair of ballistic missiles off its east coast, South Korea’s Joint Chiefs of Staff said on Wednesday, days after testing a long-range cruise missile. Pyongyang has been steadily developing its weapons programme amid a standoff over talks aimed at dismantling its nuclear and […]

Supply chains can be a complex logistical challenge. But they pose an even greater environmental challenge. And it’s that latter problem — global supply-chain sustainability — where UK startup Sourceful is fully focused, although it argues its approach can boost efficiency as well as shrink environmental impact. So it’s a win-win, per the pitch. Early […]

September 15, 2021 JAKARTA (Reuters) – Indonesia’s exports hit a record high of $21.42 billion in August, rising 64.1% on a yearly basis, boosted by a surge in shipments of mining products, data from the country’s statistics bureau showed on Wednesday. The growth pace handily beat an analysts’ forecast in a Reuters poll for a […]

September 15, 2021 (Reuters) – Bryson DeChambeau said he has “wrecked” his hands by training for long-drive contests, as the American ramps up his preparation for next week’s Ryder Cup. The world number seven will make his second appearance at the Ryder Cup, a biennial team competition between the United States and Europe, which will […]

September 15, 2021 SINGAPORE (Reuters) – Brokerages in China have dropped detailed currency forecasts from their research notes, or have restricted access to them, underlining the growing sensitivity in the financial sector to a regulatory clampdown on speculative investment. Their disappearance follows pressure to avoid stockmarket forecasts as well as a ban by authorities on […]

September 15, 2021 HANOI (Reuters) – Vietnam’s gross domestic product could grow between 3.5%-4.0% this year, well below the government’s earlier target of 6.5%, the country’s Minister of Planning and Investment Nguyen Chi Dung was cited by state media as saying. Dung said strict coronavirus restrictions had caused significant disruption to production and business activities, […]

September 15, 2021 TOKYO (Reuters) – SoftBank Group Corp Chief Executive Masayoshi Son on Wednesday said so-called smart robots can revitalise Japan’s economy and competitiveness, doubling down on robotics just as the company’s much-hyped “Pepper” robot prepares to bow out. Son, at the online SoftBank World 2021 conference, said the firm’s Vision Fund https://ift.tt/3Ae4TeS is […]

September 15, 2021 (Reuters) – Apple supplier Foxconn’s electric vehicle project with Byton has been put on hold due to the Chinese startup’s worsening financial situation, the Nikkei newspaper reported on Wednesday https://s.nikkei.com/2YOxvxg, citing unidentified sources with knowledge of the matter. “The [Byton] project is not officially terminated yet, but it is very challenging to […]

September 15, 2021 By Elizabeth Culliford (Reuters) – Snapchat’s owner has hired a longtime online safety advocate as its first global head of platform safety, Snap Inc told Reuters on Wednesday, as the company continues to ramp up efforts around user safety and as social media firms face mounting global pressure from regulators and lawmakers. […]

While LinkedIn doubles down on creators to bring a more human, less manicured element to its networking platform for professionals, a company that has built a reputation for publishing primarily the more messy and human impressions of work life has made an acquisition that might help it compete better with LinkedIn. Glassdoor, the platform that […]

September 15, 2021 By Alun John HONG KONG (Reuters) – Asian shares fell on Wednesday as weak Chinese economic data reinforced worries about slowing growth globally as well as in the world’s second-biggest economy amid fraught nerves over a still-dominant pandemic and tapering of central banks’ stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan […]

September 15, 2021 HONG KONG (Reuters) – Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China’s No.2 property developer Evergrande Group were to default, although the overall impact on the banking sector would be manageable. “We believe a default would reinforce credit polarisation among homebuilders and could result […]

September 15, 2021 By Richard Cowan and David Lawder WASHINGTON (Reuters) – U.S. tax code changes sought by Democrats in the House of Representatives to help fund $3.5 trillion in domestic investments would cut annual tax bills for Americans earning less than $200,000 a year through 2025, a congressional estimate showed on Tuesday. The bipartisan […]

September 15, 2021 By Hyonhee Shin SEOUL (Reuters) – The foreign ministers of South Korea and China held talks in Seoul on Wednesday amid concerns over North Korea’s recent missile test and stalled denuclearisation negotiations between Pyongyang and Washington. The meeting came days after North Korea said it successfully tested a new, strategic long-range cruise […]

September 15, 2021 (Reuters) -Amazon-backed Rivian’s first electric pickup truck has rolled off the production line, the company’s chief executive officer said on Tuesday. This makes Rivian the first to bring an electric pickup to the market, ahead of Tesla Inc, General Motors and others. “This morning our first customer vehicle drove off our production […]

September 15, 2021 By Martin Quin Pollard BEIJING (Reuters) -A Beijing court late on Tuesday ruled against the plaintiff in a high-profile Chinese sexual harassment case, saying there was insufficient evidence to support her claims, a decision likely to deal a blow to China’s #MeToo movement. Zhou Xiaoxuan, 28, in a series of social media […]

September 15, 2021 BEIJING (Reuters) – China’s new home prices grew at their slowest pace in eight months in August, official data showed on Wednesday, as a slew of measures to cool the country’s red-hot property market took a toll on demand in the world’s second-largest economy. Average new home prices in China’s 70 major […]

September 15, 2021 BEIJING (Reuters) – China’s industrial output grew 5.3% in August from the same period a year ago, narrowing from a 6.4% increase in July, while retail sales growth slowed significantly, official data showed on Wednesday. The growth of industrial production missed expectations for a 5.8% year-on-year increase in a Reuters poll of […]

September 15, 2021 By Elizabeth Dilts Marshall NEW YORK (Reuters) – Global equity markets and U.S. bond yields fell on Tuesday after data showed inflation cooling in the Unites States, raising fresh questions on when the U.S. central bank will begin tapering its asset purchases. MSCI’s world stocks benchmark fell 0.33%, and all 11 major […]