By Farah Master and Sophie YuHONG KONG/BEIJING (Reuters) - A handful of major Chinese companies like home appliance maker Midea have new badges of honour this year: mandatory clock-off times for staff and bans on after-hours meetings.Staff at Midea once toiled till late in the evening, but now they’re told to leave by 6:20 p.m. The company’s page on social media app WeChat even shows a photo o ...
By Karen Freifeld(Reuters) -Taiwan Semiconductor Manufacturing could face a penalty of $1 billion or more to settle a U.S. export control investigation over a chip it made that ended up inside a Huawei AI processor, according to two people familiar with the matter. The U.S. Department of Commerce has been investigating the world’s biggest contract chipmaker’s work for China-based Sophgo, ...
By Jihoon Lee and Heekyong YangSEOUL (Reuters) -South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump’s tariffs on a sector that has seen years of sharply rising exports to the United States.The measures include financial support for the auto industry as well as tax cuts and subsidies to boost domestic demand, ...
TAIPEI (Reuters) - Taiwan’s hopes that it can come to a quick agreement with the United States to resolve the tariffs issue and last weekend already approached Washington to discuss the issue, a senior Taiwanese official said on Wednesday.Taiwan has responded to U.S. President Donald Trump’s 32% tariff on island with an offer of zero tariffs, more investment in the country and purchases from i ...