Francesco Guarascio
Reuters Top News
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Past articles by Francesco:
World's apparel and sneakers hub Vietnam struggles as US ban on Xinjiang cotton bites
Tighter U.S. rules to ban imports from China's Xinjiang are compounding pressure on Vietnam's apparel and footwear makers, hitting a sector that has already shed nearly 90,000 jobs since October in the global manufacturing hub as demand slowed. → Read More
Exclusive: Chip equipment maker ASML's suppliers eye Asia plants outside China amid tensions
Suppliers to Dutch chip-making machines giant ASML Holding NV are considering building plants in Southeast Asia instead of China amid political tensions between Beijing and the West, according to two sources and documents seen by Reuters. → Read More
Vietnam parliament elects Vo Van Thuong as new state president
Vietnam's National Assembly on Thursday elected Vo Van Thuong as the country's new president, in a reshuffle of the country's top leadership amid a sweeping anti-graft campaign. → Read More
Vietnam exporters fret over potential trade fallout of U.S. rules on Xinjiang
Concerned Vietnam-based exporters are seeking to ensure they comply with a U.S. ban on imported products using raw materials from China's Xinjiang as lucrative trade in goods like garments and solar panels comes under closer scrutiny in Washington. → Read More
Exclusive: Intel weighs boost to investment in Vietnam chip packaging plant
Intel Corp is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and packaging plant in the Southeast Asian nation, two sources familiar with the matter told Reuters. → Read More
Exclusive: Chinese EV maker BYD to build Vietnam component plant
Chinese electric vehicle (EV) maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, three people with knowledge of the plan told Reuters, in a move that would reduce the company's reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion. → Read More
Exclusive: Apple supplier BOE plans new factories in Vietnam
Chinese display maker BOE Technology Group Co Ltd , a supplier of both Apple Inc and Samsung Electronics Co Ltd , plans to invest a substantial sum to build two factories in Vietnam, two people familiar with the matter said. → Read More
Exclusive: U.S. defence companies in talks to sell Vietnam helicopters, drones
U.S. defence firms have discussed supplying military gear, including helicopters and drones, to Vietnam in talks with top government officials, two sources with knowledge of the dialogue told Reuters, a new sign the country may reduce its reliance on Russian arms. → Read More
G7, Vietnam reach $15.5 bln climate deal to cut coal use -sources
The Group of Seven (G7) industrialised nations will provide $15.5 billion to Vietnam to help the country transition away from coal, two Western sources told Reuters on Wednesday. → Read More
U.S., Russia vie to sell arms to Vietnam at first Hanoi fair
U.S. and Russian defence firms on Thursday displayed weapons and promoted models of aircraft at Vietnam's first large-scale arms fair, as the two powers vie for influence and arms sales in the strategic Southeast Asian country that borders China. → Read More
G7 makes new $15 billion offer to Vietnam to cut coal use -sources
The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transition away from coal, three people familiar with the talks told Reuters. → Read More
Analysis: Vietnam's anti-graft crackdown chills supply chains, investment
An anti-corruption drive in Vietnam has paralysed many routine transactions in the country, causing shortages of essential goods and dampening investor confidence in one of Asia's fastest growing economies. → Read More
Germany's Scholz visits Vietnam as manufacturers eye shift from China
German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam's Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade. → Read More
Apple forced to change charger in Europe as EU approves overhaul
Apple will have to change the charger for its iPhones in the European Union from autumn 2024 to comply with new rules introducing a single charging port for most electronic devices. → Read More
EU boosts military support to gas-rich Mozambique amid energy crisis
The European Union said on Thursday it would provide additional support to an African military mission in Mozambique, as Islamist attacks threaten gas projects meant to reduce the bloc's reliance on Russian energy. → Read More
Amid energy crisis, EU plans to help gas-rich Mozambique boost security
The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, an internal EU document shows, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy. → Read More
EU drops nearly all of its order for Valneva COVID vaccine
The European Commission has dropped nearly all of its order of 60 million doses of a new COVID-19 vaccine from French firm Valneva , the EU executive said on Wednesday, in a move that all but wipes out the shot's value for the company. → Read More
EU to add Sberbank, Russian metals baron to sanctions list
The EU is set to add Russia's top lender Sberbank and the head of giant zinc and copper firm UMMC to its list of individuals and companies banned for supporting Moscow's invasion of Ukraine, according to draft documents seen by Reuters. → Read More
EU to adopt on Friday new Russia sanctions, tweaks to avert food shortages
The European Commission is set to adopt on Friday its seventh package of sanctions against Russia, which will add a ban to the import of Russian gold and tweak existing restrictive measures to avoid hampering food exports, two officials told Reuters. → Read More
EU, Southeast Asia to hold first full summit amid security fears
EU and Southeast Asian nations will hold their first full summit in December, a sign that the two blocs are looking for closer ties amid concerns over security threats from China and Russia, officials told Reuters. → Read More