Japan won’t recognise a Palestinian state given US ties, media report says

TOKYO (Reuters) – Japan will not recognise a Palestinian state for now, a decision likely taken to maintain relations with the United States and to avoid a hardening of Israel’s attitude, the Asahi newspaper reported on Wednesday, citing unidentified government sources. Several governments, including those in Britain, France, Canada and Australia, have said they will …

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Japan’s exports down in August as automakers grapple with US tariffs

By Makiko Yamazaki TOKYO (Reuters) – Japan’s exports fell for a fourth straight month in August, government data showed on Wednesday, as elevated U.S. tariffs took a deeper toll on the country’s automotive and other manufacturing sectors. “Japanese automakers are still mostly absorbing the tariff costs by cutting export prices to maintain U.S. sales volumes,” …

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EU firms brace for more shutdowns due to China rare earth controls despite summit promise

By Mei Mei Chu BEIJING (Reuters) -European firms are expecting more shutdowns and suffering losses as Beijing continues to hold a tight grip on rare earth exports despite a July agreement to fast-track shipments to the bloc, the European Union Chamber of Commerce in China said on Tuesday. “Irrespective of the agreements and commitments reached …

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China’s $19 trillion stock market, once called uninvestable, lures foreigners again

(Corrects reporting credit.) By Summer Zhen, Samuel Shen and Jiaxing Li HONG KONG (Reuters) – Foreign investors are plotting a return to China’s stock markets in a big way three years after pulling back and terming them uninvestable, encouraged by the tech opportunities on offer, and a growing demand for diversification beyond U.S. assets. Progress …

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Microsoft plans $30 billion investment for UK ahead of Trump state visit

(Reuters) -Microsoft is planning to invest more than $30 billion in its UK operations and artificial intelligence infrastructure over the next four years, the software maker said on Tuesday, ahead of U.S. President Donald Trump’s second state visit to Britain. In the plan, Microsoft will expand its UK capital expenditures by $15.5 billion and bring …

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TikTok lives: US, China in deal for app to keep operating in US

By Andrea Shalal and Deborah Mary Sophia WASHINGTON (Reuters) – President Donald Trump on Tuesday announced an agreement between the U.S. and China to keep TikTok operating in the United States, with three sources familiar with the matter saying the deal was similar to one discussed earlier this year. The agreement requires TikTok’s American assets …

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China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers

BEIJING (Reuters) -China on Wednesday called the framework deal reached in Madrid to switch short-video app TikTok to U.S.-controlled ownership a “win-win” and said it would review TikTok’s technology exports and intellectual property licensing, in a state media editorial. Investors on both sides of the Pacific are now waiting for a call scheduled for Friday …

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Australia’s Orion Minerals signs deal with Glencore unit for up to $250 million funding

(Reuters) -Australia’s Orion Minerals said on Wednesday it has signed a non-binding term sheet with a unit of global miner Glencore for $200 million–$250 million funding for its Prieska copper-zinc project in South Africa. The diversified metal developer said that the deal includes an offtake agreement with Glencore to sell 100% of zinc and copper …

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Singapore’s Carro raises $60 million to promote Japanese cars in Asia

SINGAPORE (Reuters) -Carro, Southeast Asia’s largest used-car online marketplace, has raised $60 million in a funding round led by Japan sovereign wealth fund Cool Japan Fund, the company said on Wednesday. The investment will go towards promoting Japanese cars across the Asia-Pacific region, Carro said in a statement, adding it was confident that it could …

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