Japan needs to ramp up its production of electric vehicles – or risk a 14% drop in GDP, a Climate Group report has warned, as it lags markets in Europe, China and the US in EV sales

The central bank has made three interventions in two days, spending HK$8.533 billion (US$1.08 billion) in total to defend the local currency, which is weakening because of capital outflows

The company plans to spend $1.9 billion over the next five years to ramp up production of gasoline and electric vehicles around 2025 before opening an EV line in a new factory after 2027

The sell-off was triggered by deepening investor worries over inflation and higher interest rates. Cryptocurrencies were dragged down, too.

If Sunac goes into default, it could ramp up panic about China's property crisis, executives at other firms said, as Sunac is a big group known for its mid- to high-end properties

China stocks closed higher as investors took comfort in lower Covid-19 cases, while US President Joe Biden's decision to consider eliminating Trump-era tariffs on Beijing lifted risk appetite.

Economic damage from China's current coronavirus outbreak could be more than 10 times the impact from the initial outbreak in Wuhan in 2020, the SCMP said, citing a local economist

Chinese investors are pumping funds into bonds, deposits and the money market, as Covid lockdowns slow the economy – and stock markets slump

The Premier urged officials at all levels of government to focus on measures to boost jobs and maintain stability, the report said

The ''hegemony-obsessed US'' may use SpaceX's Starlink internet service to bring ''chaos or calamity'' to the world, says a recent commentary published by China Military Online.

The figures, showing the biggest monthly drop in more than two years, coincide with the prolonged Covid lockdown in Shanghai and many other cities

A group of Apple employees has pushed back against a call by the $2.46-trillion company for them to return to the office three days a week, according to a report