The boycott may affect more than 7.3 million people, dampening market confidence, sales and investment, says BofA

The discovery has big implications for Chinese chip companies, as it "helps reduce China's reliance on Western technologies" at a time when it was restricted by US sanctions, the report said

The tally for 2022 bond defaults in China has passed $20 billion, largely because of the debt crisis in the property market. Defaults totaled $9 billion last year.

The mortgage boycott – said to now affect over 200 projects and 80 developers – is a grave threat to private builders who relied on apartment pre-sales, as many lack funds and face a rocky future

US senators backed a procedural move that sets up potential votes to pass a semiconductor bill by next week that aims to provide billions of dollars in subsidies and tax credits for the chip industry

The world's largest battery maker has reportedly been considering at least two potential sites where it can establish facilities to supply batteries to Tesla and Ford.

Plans for SoftBank to hold an IPO in London for Arm, the British computer chip and software design group, have been put on hold because of the collapse of Boris Johnson's government

Tech experts say China will be dependent on foreign suppliers for years, so carmakers, who face a boom in demand and long supply delays, sometimes have to pay a premium to chip brokers

Sustainable infrastructure projects worth some $627 billion were announced in 2021, but many have been held up by Covid, supply chain delays and war in Ukraine, new report says

A state of emergency has been declared to prevent further unrest in Sri Lanka in the lead-up to a vote in parliament on Wednesday to select a new president

A report by the Wall Street Journal, citing sources familiar with the matter, said that Shanghai authorities had summoned executives from Alibaba's cloud division in relation to the data breach.

Spanish energy and building giant Acciona plans to spend $26 billion on renewable energy projects in Australia over the next five years, the company's chairman said