Several Tesla owners in Shanghai also said they felt misled by Tesla sales staff who told them they would face higher prices in the new year

Rate hikes by central banks, plus Russia's war in Ukraine are causing a major economic slowdown that will hit emerging markets hard, the bank says. It forecast global growth of just 1.7% this year

Investors are optimistic US inflation will show signs of cooling this week but opinion is split over China’s post-Covid recovery prospects

Defence officials from Japan and the US will discuss agreements at a top-level meeting in Washington on Wednesday on key defence issues related to the Indo-Pacific and outer space

Tesla has chosen to lower prices and take some additional downtime at the Shanghai factory to bring supply and demand back in balance

China makes retaliatory strike against South Korea and Japan over their 'discriminatory' entry restrictions on people from the mainland, amid global concern about huge Covid outbreak

Guterres called on Monday for "massive investments" to help Pakistan rebuild after historic floods last year that devastated a large chunk of the country

Taiwan plans to set up its own satelite internet service after seeing the dramatic impact that Musk's Starlink service had on the war in Ukraine

More countries around the world are, meanwhile, demanding that visitors from China take Covid tests as the country battles a ‘tidal wave’ of infections

India has passed Japan for the first time to become the world's third largest auto market with sales of at least 4.25 million units in 2022

The battery-maker aims to produce LFP batteries that can be made at lower cost, but deliver less range than comparable nickel-cobalt electric vehicle batteries

Lacklustre profit estimate by the world's top maker of memory chips, plus smartphones and TVs, is a warning signal for other big tech firms' results