ASXPAC

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

Foxconn Zhengzhou plant’s November shipments to fall further – source Worker unhappiness at the plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout …

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source Read More »

Consumer inflation in Japan’s capital rises at the fastest pace in 40 years

Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for the 6th straight month The data underscores widening inflationary pressure TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November …

Consumer inflation in Japan’s capital rises at the fastest pace in 40 years Read More »

Stick-wielding men smash surveillance cameras at China iPhone plant

SHANGHAI, Nov 23 (Reuters) – Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple ( AAPL.O ) supplier Foxconn ( 2317.TW ) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform shown on Wednesday. Hundreds of workers protested at the campus, home to …

Stick-wielding men smash surveillance cameras at China iPhone plant Read More »

Saudi Arabia says it is close to making a $5 billion deposit with Turkey

DUBAI/ANKARA, Nov 22 (Reuters) – Saudi Arabia and Turkey are discussing Riyadh placing a $5 billion deposit at Turkey’s central bank, a Saudi Ministry of Finance spokesperson said on Tuesday. “We are in final discussion to make a USD 5 billion deposit with the central bank of (Turkey),” the spokesperson said in an emailed response …

Saudi Arabia says it is close to making a $5 billion deposit with Turkey Read More »

Ukraine promises shelters for its people as harsh winter sets in

Invincibility centres, to provide heat, water and internet Power outages widespread as Russia targets electricity grid G7 to soon announce price cap on Russian oil – US official KYIV, Nov 23 (Reuters) – Ukraine’s government promised to create shelters to provide heat and water and encouraged citizens to conserve energy as a harsh winter loomed …

Ukraine promises shelters for its people as harsh winter sets in Read More »

Asia shares gain despite Chinese COVID case numbers rising

SYDNEY, Nov 23 (Reuters) – Asian share markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.3%, after US stocks …

Asia shares gain despite Chinese COVID case numbers rising Read More »

Ronaldo to leave Manchester United after criticism of the club

Nov 22 (Reuters) – Manchester United forward Cristiano Ronaldo will leave with immediate effect, the Premier League team said on Tuesday, marking a bitter end to the Portugal captain’s second spell at Old Trafford after he said he felt betrayed by the club. An explosive interview with TalkTV this month — in which Ronaldo also …

Ronaldo to leave Manchester United after criticism of the club Read More »

India proposes guidelines for combat fake online reviews and ratings

NEW DELHI/BENGALURU, Nov 21 (Reuters) – India launched a crackdown on Monday against fake consumer reviews and unverified ratings in a bid to make the online world and e-commerce more authentic and less misleading for users. The government has drafted guidelines for companies from Alphabet Inc’s (GOOGL.O) Google, Meta Platform’s (META.O) Facebook and Instagram, and …

India proposes guidelines for combat fake online reviews and ratings Read More »

TSMC is planning advanced chip production in Arizona, says the company’s founder

TAIPEI, Nov 21 (Reuters) – Taiwanese chipmaker TSMC is planning to produce chips with advanced 3-nanometer technology at its new factory in the US state of Arizona but the plans are not completely finalized yet, the company’s founder Morris Chang said on Monday. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), a major Apple Inc (AAPL.O) …

TSMC is planning advanced chip production in Arizona, says the company’s founder Read More »