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BERLIN (Reuters) – Robert Bosch has opened a new test centre for chips and sensors in Malaysia for 65-million-euro ($71.62 million) and plans to invest a further 285 million euros by the middle of next decade, the German technology group announced on Tuesday. Up to 400 jobs will be created by the mid-2030s, it added. Bosch currently carries out most of the final testing of its semiconductors from its factories […]

BEIJING (Reuters) – Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday as a weakening typhoon brought non-stop precipitation and widespread flooding to northern China, so far claiming 11 lives. Rivers have swollen to dangerous levels, prompting Beijing to use a flood storage reservoir for the first time since it was built 25 years ago. As of Monday night, China’s capital city had sealed off […]

By Sophie Yu and Brenda Goh BEIJING (Reuters) – Yum China Holdings, owner of the KFC and Pizza Hut chains in mainland China, plans to stick to a goal of opening up to 1,300 stores in 2023, as it still sees growth opportunities despite the slowing economy, its CEO said on Tuesday. Joey Wat told Reuters in an interview after the company’s results, which showed a 25% rise in second-quarter […]

BERLIN (Reuters) -Daimler Truck achieved a record adjusted return on sales in its second quarter of 10.3% for its industrial business making trucks and buses, the company said on Tuesday, boosted by considerable growth in its North America and Asia business. Unit sales rose by 9% with revenue up 15%, indicating the company had upheld its strategy of combatting rising costs by hiking prices – but incoming orders were down […]

BEIJING (Reuters) -Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday as a weakening typhoon brought non-stop precipitation and widespread flooding to northern China, so far claiming 11 lives. Rivers have swollen to dangerous levels, prompting Beijing to use a flood storage reservoir for the first time since it was built 25 years ago. As of Monday night, China’s capital city had sealed off over […]

(Reuters) – Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing it of asserting false claims and encouraging advertisers to pause investment on the platform. U.S. media reported earlier that X, owned by Elon Musk, had sent a letter to the Center for Countering Digital Hate (CCDH) and threatened to sue the non-profit for unspecified damages. In response to […]

(Reuters) – Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing it of asserting false claims and encouraging advertisers to pause investment on the platform. U.S. media reported earlier that X, owned by Elon Musk, had sent a letter to the Center for Countering Digital Hate (CCDH) and threatened to sue the non-profit for unspecified damages. In response to […]

By Selena Li and Lawrence White HONG KONG (Reuters) – HSBC Holdings raised its key performance target on Tuesday as its first-half profit surged more than two-fold, boosted by rising interest rates worldwide and gains from the planned sale of its French unit. The bank also announced fresh share buybacks of up to $2 billion, as it looks to reward long-suffering investors by using spare cash to bolster its share […]

SYDNEY (Reuters) – Australia’s central bank on Tuesday held interest rates at 4.1% for a second straight month, saying past increases were working to cool demand, but retained a warning that some more tightening might be needed to curb inflation. Wrapping up its August policy meeting, the Reserve Bank of Australia (RBA) largely left its economic forecasts unchanged from the previous quarter, forecasting headline inflation would return to within its […]