Page 551 - Reuters

China's exports rise, but deflation persists as economy enters 2024

Analysts also anticipate that interest rates will drop at least 1.5 percentage points in the United States and Europe this year, which should improve demand for imported goods

US, Britain carry out strikes against Iran-backed Houthis in Yemen

Britain's ministry of defense said in a statement that "early indications are that the Houthis' ability to threaten merchant shipping has taken a blow"

China media warns against taking China's Indian Ocean research as threats

Detailed knowledge of ocean depths, currents and temperature was vital to China's growing submarine operations

UK economy grew more than expected in Nov but still risks recession

Britain's economy struggled to gain momentum in 2023, as households were squeezed by rapid inflation and the highest Bank of England (BoE) interest rates in 15 years

China's Harvest Fund cuts Hong Kong staff in pullback from offshore biz

Harvest is one of the first Chinese asset managers to make sizable layoffs in Hong Kong in recent years

Russia requests UNSC meeting after US, Britain strike Houthis in Yemen

A spokesman for Yemen's Houthis said there was no justification for the US-British attack and said the Iran-backed group will continue targeting ships heading towards Israel

Taiwan expects China to apply pressure on incoming govt after election

Taiwan goes to the polls to elect a new president and parliament under the shadow of an increasingly assertive China which has called the vote a choice between "peace and war"

BlackRock slashes Byju's valuation by 95% from $22 bn to $1 bn: Report

Tech investor Prosus NV valued Byju's at under $3 billion in November last year after BlackRock cut its valuation to about $8.4 billion in May

Saudi Arabia calls for restraint after US-British airstrikes on Yemen

The group has been attacking commercial ships it says are linked to Israel or bound for Israeli ports

Sebi proposes changes to ease fundraising, disclosure for listed companies

The regulator proposes considering funds and insurance companies holding 5% in firms post-public offer as large non-public shareholders, as per the paper

Britain to make big tech give rivals access to data under new plans

The Competition and Markets Authority (CMA) has bolstered its oversight of Big Tech firms like Facebook owner Meta , Google parent Alphabet, Amazon and Apple

With $2.8 trn mcap Microsoft overtakes Apple as most valuable company

Shares of Redmond, Washington-based Microsoft rose 1.5%, giving it market valuation of $2.888 trillion as early lead in race to make money from generative artificial intelligence helped draw investors

Data centre firm Yotta's Nvidia AI chip orders to reach $1 billion: CEO

Sunil Gupta, CEO and co-founder of Yotta, told Reuters on Thursday that the order would comprise nearly 16,000 of Nvidia's artificial intelligence chips H100 and GH200 and will be placed by March 2025

US consumer prices up more than expected in Dec, weekly jobless claims fall

The consumer price index (CPI) rose 0.3% last month after nudging up 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday

Toyota to roll out solid-state battery EVs globally in a couple of years

Last year, Toyota and oil refiner Idemitsu Kosan said they would tie up to develop and mass produce all-solid-state batteries, which they aim to commercialise in 2027 and 2028

BOJ considers lowering FY2024 inflation outlook to mid-2% range: Report

The central bank's latest inflation outlook for the year starting April stands at 2.8%, in the last report released in October

UK plans new framework to tackle small bank failures after SVB collapse

The proposals would require the industry to meet some costs associated with the bank failures rather than the taxpayer, Britain's Treasury said

Google's $2.7 bn EU antitrust fine should be upheld, says court adviser

The European Commission handed down the fine to the company in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals

Indonesian firms Bulog, IDFood to import meat from Brazil and India in 2024

The meat import quota for Bulog and IDFood has been kept around the same level as last year, NFA chief Arief said

Pakistan's former PM Sharif to launch election campaign as front-runner

Analysts believe the South Asian nation's powerful military has thrown its backing to Sharif, 74, after it was locked in a standoff with former cricket star Khan, 71