The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania. Representatives of the European Parliament and the Council, the grouping of EU countries, reached a provisional deal on the anti-coercion […]
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The Japanese construction company targeted for takeover by the family office linked to Nintendo Co’s founder is pushing back against the fund and has asked the government to investigate alleged breaches of foreign ownership rules. Toyo Construction Co, the marine construction company now 27% owned by Yamauchi-No.10 Family Office (YFO), made the request to the […]
Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo. Employees of the social media giant, who get a rating of “met most expectations” in their 2023 year-end reviews, will receive a smaller percentage […]
The most extraordinary outcome of the March banking shock would be if the problem dissipated quickly. Many people hope the crisis of confidence infecting global banking this month can be repelled almost as quickly as it appeared. After all, regulators and policymakers are faster and more comprehensive in their response since the Lehman Brothers bust […]
European Union countries’ energy ministers are set to give final approval on Tuesday to the bloc’s law to end sales of new CO2-emitting cars in 2035, after Germany won an exemption for cars running on e-fuels. The vote comes three weeks later than planned after Germany’s transport ministry lodged last-minute opposition to the law, threatening […]
North Korea unveiled new, smaller nuclear warheads as leader Kim Jong Un called for scaling up the production of weapons-grade nuclear material to expand the country’s arsenal, state media KCNA said on Tuesday. KCNA released photos of the warheads, dubbed Hwasan-31, during Kim’s visit to the Nuclear Weapons Institute, where he inspected new tactical nuclear […]
Chinese electric vehicle (EV) maker Nio Inc began trial operation on Tuesday of faster, more efficient battery swapping stations in China in its push to make battery swapping a viable alternative to rival EV makers’ rapid-charging technology. With capacity to store up to 21 battery packs each, Nio’s Power Swap Station 3.0 can speed up […]
Japan will sign a mineral supply chain agreement with the United States that will give U.S. tax incentives for electric vehicles made with metals processed in Japan, trade minister Yasutoshi Nishimura told reporters on Tuesday. The U.S. last June announced a multinational pact called Minerals Security Partnership with Japan, Canada and other countries aimed at […]
Alibaba Group Holding Ltd said it plans split its business into six main units covering e-commerce, media and the cloud, adding that each will explore fundraising or initial public offerings. Alibaba’s U.S.-listed shares rose 7% in pre-market trading. Here are comments from analysts: THOMAS HAYES, CHAIRMAN AT GREAT HILL CAPITAL, NEW YORK “This is the […]
Nvidia Corp, the world’s leading designer of computer chips used in creating artificial intelligence, on Monday showed new research that explains how AI can be used to improve chip design. The process of designing a chip involves deciding where to place tens of billions of tiny on-off switches called transistors on a piece of silicon […]