The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023 that it announced last month

The system has already been used by Russia following the imposition of sanctions on Moscow over the Ukraine war

Xi wants China and Russia to transact more deals in rubles and yuan to insulate the two against future Western sanctions

The decision signals a degree of renewed cooperation between the world's two largest economies which are locked in a heated trade and technology war

The mandate, the first of its kind for a Japanese municipality, is aimed at cutting household carbon emissions in the world's fifth-largest carbon emitting country

The development means that Chinese tech giant Alibaba will not be able to buy Arm’s latest Neoverse V series, as its advanced capacity is blocked by US and UK export controls

Buffett has been trimming his stake in the electric vehicle and battery maker this year, with the first share sale reported in August

"American chip manufacturers have no problem with China as a customer," ASML CEO Peter Wennink said

"There is no more time to waste on meaningless negotiations with a CCP-puppet company," Republican Senator Marco Rubio said

“China is actually free to up its game with respect to environmental standards... and eventually join the alliance," Canada's Natural Resources Minister Jonathan Wilkinson said

Bankman-Fried was arrested in the Bahamas on Monday, at the request of US authorities, a day before he was scheduled to testify before Congress

The Biden administration aims to cut China off from certain semiconductor chips made anywhere in the world using US equipment