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Exclusive-G7 summit statement to target China’s ‘economic coercion’ -source

Exclusive-G7 summit statement to target China’s ‘economic coercion’ -source

May 13, 2023 | Asia, Business, Canada, Economy, Europe, Politics, UK, US

By Trevor Hunnicutt WASHINGTON (Reuters) -Leaders of the Group of Seven (G7) countries are set to discuss concern about China’s use of “economic coercion” in its dealings abroad as part of their larger joint statement next week, according to a U.S....
France lands battery gigafactory with sweeteners, zero-carbon power

France lands battery gigafactory with sweeteners, zero-carbon power

May 12, 2023 | Asia, Business, Economy, Europe

By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas car battery plant thanks to lobbying from President Emmanuel Macron, deal sweeteners and competitive power prices,...
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter

Soros Fund Management cut Tesla stake, added Netflix in 1st quarter

May 12, 2023 | Asia, Business, Economy, US

By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first quarter, and added Netflix Inc shares, filings released Friday...
Why the US delayed China sanctions after shooting down a spy balloon

Why the US delayed China sanctions after shooting down a spy balloon

May 11, 2023 | Asia, Economy, Politics, Top News, US

By Michael Martina WASHINGTON (Reuters) -When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials were confident the incursion would galvanize the U.S. bureaucracy to push forward a slate of actions to counter China.  Instead,...
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