Exclusive: Samsung workers in Vietnam bear brunt of slowdown in global demand for electronics
Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending.
Transport Secretary Grant Shapps backs rail industry to bolster jobs during visit to manufacturer Silver Fox
The UK’s Secretary of State for Transport, Grant Shapps, has visited manufacturer Silver Fox, to highlight the ongoing work of the rail sector in generating employment, skills and prosperity in difficult economic times.
Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe
President Joe Biden will declare a 24-month tariff exemption on Monday for solar panels from four Southeast Asian nations after an investigation froze imports and stalled projects in the United States, sources familiar with the matter told Reuters.
EXCLUSIVE TikTok plans big push into gaming, conducting tests in Vietnam -sources
TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the matter said.
Taiwan lifts forex trading punishment on Deutsche -sources
Taiwan’s central bank has allowed Deutsche Bank (DBKGn.DE) to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown on speculation last February.
Vietnam car maker VinFast to build U.S. battery factory as it goes all-electric
Vietnam’s VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year.
Global economy: Asian factories take Omicron risks in stride, for now
Asia’s factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the outlook for some economies.
Valuations of Southeast Asian startups becoming ‘irrational’ -Golden Gate
Valuations of startups in Southeast Asia, home to popular online platforms such as Grab and Sea (SE.N), have become irrational due to heavy capital inflows from global investors, a partner at venture capital firm Golden Gate Ventures told Reuters.
EXCLUSIVE BlackRock raises $673 mln for climate-focused infrastructure fund
BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets.
Along with Covid-19, Vietnam’s largest city proposes a re-start of the economy!
Ho Chi Minh City, Vietnam’s coronavirus epicenter, plans to loosen the strict lockdown and resume financial activities on September 15, shifting away from its “Zero-COVID-19” approach to living with the virus after two years of fighting against the odds and hoping to be free of the virus. According to a draught seen by Reuters and […]
