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Chinese property giant Vanke warns of huge loss, CEO resigns
Chinese property giant Vanke warns of huge loss, CEO resigns
by  AFP

Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had been taken away by authorities. Vanke has not confirmed Zhu's detention but said in a statement on Monday that he "has applied to resign... owing to health reasons".

Troubled European carmakers to talk fines and EVs with EU
Troubled European carmakers to talk fines and EVs with EU
by  AFP

Europe's biggest carmakers will converge on Brussels for talks this week as the EU seeks to chart a way forward for an embattled industry struggling to cope with Chinese competition and climate rules. Italy's Industry Minister Adolfo Urso this week described the scheme as a "perfect storm" due to the potential for European firms to dodge EU fines by buying carbon credits from overseas EV-makers.

Japan's Fuji TV faces heat over sex allegations
Japan's Fuji TV faces heat over sex allegations
by  AFP

Pressure grew Monday on Fuji Television over an alleged sexual assault by a celebrity presenter, with the Japanese broadcaster set to address media as criticism mounts from advertisers and the public. They have shocked the nation although most other Japanese media more cautiously refer to sexual "trouble" or misconduct.

Weak yuan, Trump tariff threats confound Beijing's economic puzzle
Weak yuan, Trump tariff threats confound Beijing's economic puzzle
by  AFP

Higher US tariffs under President Donald Trump could accelerate a slump in the value of China's currency, complicating recent efforts by Beijing to kickstart a rebound in its struggling economy, analysts warn. But such moves may come into conflict with Beijing's efforts elsewhere to boost an economy that is struggling to regain momentum.

Asian stocks mixed as tariff fears return, new AI programme emerges
Asian stocks mixed as tariff fears return, new AI programme emerges
by  AFP

Asian markets fluctuated Monday on fresh trade fears after Donald Trump's decision to impose huge tariffs on Colombia, in retaliation for its refusal to accept deportation flights from the United States. The move came after President Gustavo Petro blocked deportation flights from the United States.