EASIA

Honda will start producing a new hydrogen fuel cell system co-developed with GM

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TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of …

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US stops granting export licenses to Chinese Huawei – sources

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Jan 30 (Reuters) – The Biden administration has stopped approving licenses allowing U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export restrictions on items for 5G and other technologies for several years, but U.S. Commerce Department officials have granted licenses to some …

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China smartphone sales in 2022 plunge to lowest level in a decade

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SHANGHAI, Jan 30 (Reuters) – China’s smartphone sales suffered a record slump in 2022, falling 13% to their lowest level in a decade as COVID controls and a slowing economy sapped appetite of consumers, according to data from third-party research companies. The total number of devices shipped was 286 million, down from 329 million in …

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Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

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LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. The Justice Department on Jan. 18 said it charged Bitzlato co-founder …

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Exclusive: Geely plans to turn London black cab maker into powerhouse

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COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a big investment to transform the maker of London’s iconic black cabs into a high-volume all-electric brand with a range of commercial and passenger vehicles, unit leaders told Reuters. London Electric Vehicle Company (LEVC) is also aiming to expand its range of services, which …

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Bank of Japan policy change prompted rare request for government pause

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TOKYO, Jan 23 (Reuters) – Government officials who attended the Bank of Japan’s policy meeting in December were granted a half-hour adjournment to contact their ministries, minutes show, pointing out the importance of the central bank’s decision to change its bond market peg. In Dec. At the 19-20 meeting, the BOJ maintained its ultra-loose monetary …

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Feds seized nearly $700 million from FTX founder Bankman-Fried

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Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge …

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Amazon’s AWS to invest $35 billion in Virginia

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WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data …

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Genesis crypto lending unit files for bankruptcy in the US

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Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, topped by a market rout with the likes of exchange FTX and from the BlockFi lender. Genesis Global Capital, one of the largest crypto lenders, froze client redemptions on November 1. 16 after FTX stunned the financial …

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