The heads of two House committees said the four companies have direct ties to the Chinese military, Chinese Communist Party, plus the North Korean government and alleged rights abuses in China's Xinjiang region

The strike marks a serious escalation of attacks by Houthi militants given they have, so far, primarily targeted container vessels moving through the Red Sea

Since the assault by Iran-backed Houthis began in December, 39% fewer ships are moving through the Suez Canal, leading to a 45% decline in freight tonnage

A record 9 billion domestic trips are expected to be made over the next six or so weeks, state media has predicted.

"Our observation is generally that the Chinese car companies are the most competitive car companies in the world," the Tesla chief said at a post-earnings call

Companies that normally ship exports from Vietnam to Europe are opting for more expensive air freight because of attacks on vessels in the Red Sea, a freight platform said

The country's most indebted provinces and cities have been told to delay, downsize or stop work on state-funded transport projects, so municipal debt is contained

The popularity of BYD's EVs has encouraged its sole Thai distributor to dramatically expand its business. Rever Automotive said it will triple its dealerships in Thailand over the next years

The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls; firms on thin margins facing severe impacts

China will get a 'Silk Road' gateway to South America and its resources via a $3.5 billion deep-water port at Chancay in Peru, due to open late this year

One of the primary motivators for India to reduce the EV import tax had been Tesla’s interest in building a factory in India

The situation in the Red Sea has remained volatile despite extensive efforts by a US-led coalition to avert attacks by Houthi militants