The claim comes at a time when China is in the midst of a tense tech and trade war with the West, with both sides lobbing spying accusations at each other

The European Commission said it conducted an investigation, including sending a team to Tesla facilities in China, to verify what subsidies the firm had received

Current unilateral curbs were benefitting foreign rivals at the expense of US businesses, California Democrats said in a letter this week

Asian economies are particularly vulnerable to torrential rains and storms, which can make up for 80% of the extreme weather events in the region

A recent report saying carbon offsets were ‘largely ineffective’ could lead firms to abandon or pare back investment in nature and carbon removals

Latest allegations come at a time when Adani Enterprises is looking to launch a $1 billion share sale by mid-September

Markets took their cue from an overnight rally on Wall Street after a bigger-than-expected drop in US unemployment claims calmed investors' nerves

That was nearly as much as the climate change-related losses China suffered in the first six months of the year combined

China is the world’s biggest emitter of greenhouse gases and has set ambitious targets to cut down its emissions, including hitting peak carbon levels by 2030

The move is significant given estimates that the carbon removal industry could earn up to $100 billion a year by 2030, but remains plagued by scepticism

All existing carbon credits linked to renewable energy projects failed to qualify as per the Core Carbon Principle standards due to concerns over their role in preventing emissions

The plan comes as no surprise considering US officials, such as Commerce Secretary Gina Raimondo, have said Chinese tech presents national security risks