Experts say pricing reforms and better tech are needed for a storage sector whose rapid growth has been plagued by low utilisation and losses for operators

PBOC says it has signed deals with major financial institutions to borrow medium- and long-term bonds and will sell them depending on market conditions in a bid to cool a major rally

The world's fastest growing major economy has prioritised coal to address a surge in power demand in recent years, underscoring the challenges it faces in weaning its economy off carbon

Modi government has asked power companies to order $33 billion worth of equipment this year to ramp up more coal power for the rest of this decade

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9% to its highest since April 2022, while the Nikkei was close to its peak, the Topix hit all-time highs, and the Hang Seng rose for a fourth straight day

Two military drones were found at a port disguised as wind turbine parts, Italian officials said; they were seized because of a UN embargo linked to Libya's civil war

BYD opened an electric vehicle factory in Rayong on Thailand's eastern seaboard on Thursday, as China's grip on the local car sector ramps up

India has suffered water shortages for decades, but crises are now more frequent as summers get hotter, disrupting agriculture and industry and risking social unrest

Two billion parcels with a declared value of less than 150 euros arrived in the EU from outside countries in 2023

Among the top applicants for GenAI patents were China's ByteDance - which owns video app TikTok - and e-commerce giant Alibaba Group

South Korea's Hyundai Motor and LG Energy Solution opened the first EV battery plant in Indonesia on Wednesday. It is part of a $9.8bn plan to set up an EV supply chain in SE Asia's biggest economy

Confidence in China's services sector hit a 4-year low in June, according to a private survey, which blamed a drop in foreign orders. Meanwhile, Japan also saw a slide in services activity.