Updated

Thailand expects 5 million Chinese tourists this year in post-COVID rebound

BANGKOK (Reuters) – Thailand is expecting at least five million Chinese tourist arrivals this year, about half the number recorded before the coronavirus pandemic, as China reopens its borders, the government tourism body said on Tuesday. The return of Chinese tourists would be a further boost to Southeast Asian country’s economy and its vital tourism …

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Samsung’s quarterly profit plunges to 8-year low on demand slump

By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world’s largest memory chip, smartphone and TV maker …

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Sony, Honda roll out prototype of ‘Afeela’ EV that uses Qualcomm tech

(This Jan. 4 story has been corrected to fix spelling of CEO’s first name in the fourth paragraph) By Kiyoshi Takenaka (Reuters) – Japan’s Sony on Wednesday unveiled a prototype of the new “Afeela” electric vehicles it will build together with Honda, saying it would harness its vast entertainment content as it looks to become …

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Japan PM Kishida says he invited to visit Ukraine, nothing decided yet

TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said he had told Ukraine’s President Volodomyr Zelenskiy in a phone call on Friday that he would weigh an invitation to visit Kyiv depending on “various circumstances” but nothing had yet been decided. Kishida also reaffirmed Tokyo’s full support for Ukraine in its fight against Russia as Japan …

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China establishes mortgage rate adjustment mechanism for some home buyers

BEIJING (Reuters) -China’s central bank and the banking and insurance regulator have established a dynamic adjustment mechanism on mortgage rates for first-time home buyers, the central bank said on Thursday, in a bid to further support the property sector. For cities where the selling prices of new homes fall month-on-month and year-on-year for three consecutive …

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Vietnam’s largest refinery output to fall 20%-25% due to unit shutdown

HANOI (Reuters) – Output from Vietnam’s largest oil refinery is expected to fall by 20%-25% during the first 10 days of January as its residual fluid catalytic cracking (RFCC) unit has been shut down due to a technical problem, the government said on Thursday. The 200,000-barrel-per-day Nghi Son Refinery and Petrochemical has a leak at …

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Facing pressure over border crossings, Biden steps up migrant expulsions

By Andrea Shalal and Ted Hesson WASHINGTON (Reuters) -The United States will expand Trump-era restrictions to rapidly expel Cuban, Nicaraguan and Haitian migrants caught illegally crossing the U.S.-Mexico border, President Joe Biden said on Thursday in his first major speech on border security. At the same time, the United States will allow up to 30,000 …

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