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Trafigura attributed the majority of debts owed by its counterparty in the country, Lex Oil, but its own internal probe is ongoing to try to locate around $500 million.

China may seek to buy US food and energy in a trade deal with Trump to avoid new tariffs, but cutting the flow of fentanyl may also be a factor, analysts say

Indian clean energy firms will only be allowed to use locally-made solar cells from approved companies in state projects from June 2026, the government has said

The US continues to impose sanctions on foreign companies for crimes, such as a mass cyberattack described as potentially deadly, plus Burmese firms aiding the Myanmar military's bombing of civilians

Letting the yuan depreciate could blunt the impact of US trade tariffs. And China's central bank has considered the possibility of the yuan dropping to 7.5-per-dollar to counteract trade shocks.

The companies, which have set up a 50/50 joint venture, said they will invest $4.33 billion in a factory in Zaragoza. They expect to start making batteries by the end of 2026.

The country's top EV maker has gained a greater share of the global auto market and now looks poised to top its 4-million worldwide sales target – and overtake Ford and Honda