The new rules will include Russian cars, but exempt BYD buses assembled in California and won't cover Chinese software made before the rules take effect, so GM and Ford can continue to import some China-made vehicles

The group, which describes its business as "emissions intelligence," has raised an extra $5 million to enter the insurance sector to focus on emissions risk management.

The likely disruption to Russian supply drove oil prices to their highest in months on Monday. Much will depend on whether Trump lifts the embargo and if China acknowledges it

A rise in the value of the dollar has hit the Southeast Asian currency and caused an 18% spike in the trade deficit over the first 11 months of 2024

China's central bank is expected to cut rates and deploy its biggest stimulus in years to bolster its economy and soften the blow from higher US tariffs

Declaring an emergency would allow Trump to build a new tariff programme via the IEEPA law, which authorizes a president to manage imports during a national crisis

Some analysts think Musk's close ties with incoming President Donald Trump might allow Tesla some kind of waiver from potential future restrictions on the Chinese battery giant

Shandong Port Group has blacklisted vessels sanctioned by the US, blocking access to key ports as the US looks to enlarge its list of 'shadow fleet' tankers shipping Russian oil

Chinese tech giant and biggest battery maker say the move is 'clearly a mistake' as they are not military firms, or suppliers or engaged in military-related activities. They could sue the Pentagon.

The Shanghai Megapack facility, completed in December, is projected to produce about 10,000 Megapack units a year – 40 GWh of annual capacity.

China's proposals could help it retain its 70% grip on global processing of lithium into the material needed to make EV batteries. It could also threaten expansion plans by groups such as CATL

The two new initiatives unveiled on Friday are subsidy programmes for consumers, and a subsidy for large-scale equipment upgrades for businesses.