The Chinese fashion firm set out to create a global luxury clothing empire, but has struggled under the weight of its debt and its financial difficulties worsened with Covid-19
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PetroChina may exit natural gas projects in Australia and oil sands in Canada to focus on sites in Africa, Middle East and Central Asia.
Consumers in Tokyo were asked to conserve power as the Japanese capital was hit by the fourth day of a heatwave, which has led to people dying of heatstroke and others being treated in hospitals
Evergrande confirmed lawsuit by Top Shine Global in Hong Kong, for not fulfilling a financial obligation of $110 million, but insisted that the move would not effect its restructuring.
Gotion said it would build total battery production capacity of 300 gigawatt hours (GWh) over three years against the 16 GWh it produced in 2021. It plans to have a third of that output overseas
The number of coins miners are transferring to exchanges has climbed steadily from June 7, researchers said, in a sign that 'miners are increasingly liquidating their coins on exchanges'
China has set up a yuan reserve pool along with Indonesia, Malaysia, Hong Kong, Singapore and Chile at the Bank for International Settlements
Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage
US President Joe Biden and leaders of other G7 nations relaunch newly renamed 'Partnership for Global Infrastructure and Investment'
China and India have been stocking up on Russian oil, but their actions have undermined efforts by the US and Europe to impose sanctions that limit funds to the Kremlin while it wages war in Ukraine
Profits shrank 6.5% year-on-year, less than the 8.5% decline in April, according to data released by the National Bureau of Statistics (NBS) on Monday
Beijing's imports of liquefied natural gas (LNG) from the US between February and April plummeted 95% from a year ago