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Industry insiders, experts criticize EU's extra tariffs on Chinese EVs

STORY: Industry insiders, experts criticize EU's extra tariffs on Chinese EVs SHOOTING TIME: June 17, 2024 DATELINE: June 18, 2024 LENGTH: 00:01:12 LOCATION: SHANGHAI, China CATEGORY: POLITICS SHOTLIST: 1. various of Chinese EVs 2. SOUNDBITE 1 (Chinese): GUAN YIZHONG, General Manager, Corporate Communications Department of SAIC Motor Corporation Limited 3. SOUNDBITE 2 (Chinese): DING CHUN, Director of the Centre for European Studies at Fudan University 4. SOUNDBITE 3 (English): JORG MOSOLF, Chairman of the Board & CEO, Mosolf Group STORYLINE: The European Commission has recently revealed a list of protectionist duties on imports of battery electric vehicles (EVs) from China. Industry insiders and experts have voiced concerns regarding the decision, emphasizing the importance of fair trade and competition. SOUNDBITE 1 (Chinese): GUAN YIZHONG, General Manager, Corporate Communications Department of SAIC Motor Corporation Limited "We have noticed the recent announcement by the European Commission. We are de

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Ant Group Fined 7 Billion Chinese Yuan

BEIJING, CHINA - JULY 8, 2023 - A citizen looks at an announcement issued by Ant Group on accepting and resolutely obeying the decision of administrative punishment in Beijing, China, July 8, 2023. On July 7, according to the official website of the People's Bank of China, recently, in view of the illegal activities of Ant Group and its subsidiaries in the past year in terms of corporate governance, financial consumer protection, participation in banking and insurance institutions, payment and settlement business, fulfillment of anti-money laundering obligations and fund sales business, In accordance with the Law of the People's Bank of China, the Anti-Money Laundering Law, the Banking Supervision Law, the Insurance Law, the Securities Investment Fund Law, and the Protection of Consumer Rights and Interests, the financial authorities imposed a fine (including confiscation of illegal gains) of 7.123 billion yuan on Ant Group and its subsidiaries.

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Keidanren to cease role in political donations

TOKYO, Japan - Fujio Mitarai, chairman of the Japan Business Federation, speaks to reporters in Tokyo on March 8, 2010, about the federation's decision to end its involvement in corporate donations by its members to political parties.

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Keidanren to cease role in political donations

TOKYO, Japan - Fujio Mitarai, chairman of the Japan Business Federation, speaks to reporters in Tokyo on March 8, 2010, about the federation's decision to end its involvement in corporate donations by its members to political parties.

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Yamato Holdings, Marui announce capital, business tie-up

TOKYO, Japan - Yamato Holdings Co. President Kaoru Seto (L) and Marui Co. President Hiroshi Aoi (R) shake hands in Tokyo on May 21 after announcing their decision to form a capital and operational tie-up in an attempt to boost their corporate value by making optimal use of the two companies' managerial resources. Yamato owns Yamato Transport Co. and Marui is an operator of department stores.

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(1)Orient to ask Mizuho for 150 bil. yen capital boost

TOKYO, Japan - Hisashi Kanai, president of the ailing consumer credit company Orient Corp., speaks at a news conference March 14 on his firm's decision to ask Mizuho Corporate Bank to provide 150 billion yen for a capital increase in a bid to speed up its restructuring drive. Kanai said he will step down once the new program gets on track

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LTCB executives apologizes

Tsuneo Suzuki (C), president of the Long-Term Credit Bank of Japan (LTCB), flanked by other bank executives, offers an apology to shareholders and clients in Tokyo on Oct. 23 for any inconveniences the bank's decision to come under state control has brought. The LTCB, one of three Japanese long-term credit banks, is the first bank to be nationalized under a law enacted earlier this month to avoid the possibility of its severing credit lines to its corporate borrowers and defaulting on its obligations to creditors.

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Mumbai holds India's leading trade event on corporate gifting and stationery

STORY: Mumbai holds India's leading trade event on corporate gifting and stationery DATELINE: Aug. 29, 2022 LENGTH: 00:01:36 LOCATION: MUMBAI, India CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of the fair STORYLINE: Mumbai hosted 28th India Big 7, India's oldest and most prominent B2B event, on corporate gifting and stationery on Aug. 25-27 at Bombay Exhibition Center. The event featured writing instruments, office supplies, gadgets, and housewares with over 300 brands and more than 7,000 products on display. Over 15,000 decision-makers, corporate buyers, brand managers and bulk buyers visited India Big 7 to source a diverse range of solutions to gifting and stationery needs. In its service to the industry for the last 27 years, India Big 7 has become India's leading and trusted networking platform that enables manufacturers, traders, wholesalers, stockists, and corporate buyers altogether in one place to conduct business. Xinhua News Agency correspondents reporting from Mumbai, India. (XHTV)

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Yamato Holdings, Marui announce capital, business tie-up

TOKYO, Japan - Yamato Holdings Co. President Kaoru Seto (L) and Marui Co. President Hiroshi Aoi (R) shake hands in Tokyo on May 21 after announcing their decision to form a capital and operational tie-up in an attempt to boost their corporate value by making optimal use of the two companies' managerial resources. Yamato owns Yamato Transport Co. and Marui is an operator of department stores. (Kyodo)

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Keidanren to cease role in political donations

TOKYO, Japan - Fujio Mitarai, chairman of the Japan Business Federation, speaks to reporters in Tokyo on March 8, 2010, about the federation's decision to end its involvement in corporate donations by its members to political parties. (Kyodo)

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Keidanren to cease role in political donations

TOKYO, Japan - Fujio Mitarai, chairman of the Japan Business Federation, speaks to reporters in Tokyo on March 8, 2010, about the federation's decision to end its involvement in corporate donations by its members to political parties. (Kyodo)

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Takata files for bankruptcy protection amid air bag recall crisis

Japanese Minister of Economy, Trade and Industry Hiroshige Seko (C) speaks to reporters in Tokyo on June 26, 2017, in response to Takata Corp.'s filing for bankruptcy protection. Seko said he has instructed ministry officials to set up a "safety net" for small- and mid-sized companies that could be affected by Takata's decision, which marks the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

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Takata files for bankruptcy protection amid air bag recall crisis

Japanese Minister of Economy, Trade and Industry Hiroshige Seko speaks to reporters in Tokyo on June 26, 2017, in response to Takata Corp.'s filing for bankruptcy protection. Seko said he has instructed ministry officials to set up a "safety net" for small- and mid-sized companies that could be affected by Takata's decision, which marks the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

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Takata files for bankruptcy protection amid air bag recall crisis

Japanese Minister of Economy, Trade and Industry Hiroshige Seko speaks to reporters in Tokyo on June 26, 2017, in response to Takata Corp.'s filing for bankruptcy protection. Seko said he has instructed ministry officials to set up a "safety net" for small- and mid-sized companies that could be affected by Takata's decision, which marks the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

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(1)Orient to ask Mizuho for 150 bil. yen capital boost

TOKYO, Japan - Hisashi Kanai, president of the ailing consumer credit company Orient Corp., speaks at a news conference March 14 on his firm's decision to ask Mizuho Corporate Bank to provide 150 billion yen for a capital increase in a bid to speed up its restructuring drive. Kanai said he will step down once the new program gets on track (Kyodo)

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LTCB executives apologizes

Tsuneo Suzuki (C), president of the Long-Term Credit Bank of Japan (LTCB), flanked by other bank executives, offers an apology to shareholders and clients in Tokyo on Oct. 23 for any inconveniences the bank's decision to come under state control has brought. The LTCB, one of three Japanese long-term credit banks, is the first bank to be nationalized under a law enacted earlier this month to avoid the possibility of its severing credit lines to its corporate borrowers and defaulting on its obligations to creditors.