Only 2% of cars sold in Australia are electric, compared with 15% in Britain and 17% in Europe.

The meeting comes on the heels of a new US CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States.

The world's largest memory chipmaker said plans to invest about $15 billion in the centre at Giheung, south of the capital Seoul, over the next six years, it said

The Cyberspace Administration of China also said it supports overseas listings, and that the aim is to ensure that data is not abused by foreign governments.

Seoul's participation in the first meeting of the 'Chip 4' group could heighten the stakes as it seeks to navigate the divide between the US and China over semiconductors

Nomura lowered its China economic growth forecast, citing dismal July activity data, the lingering impact of the pandemic, and the worst heatwave in six decades.

Japan's tax agency wants young people to propose ways to boost alcohol consumption to bolster tax revenues.

China's banking regulator is reviewing local and foreign banks' exposure to developers to try to measure risks to the financial system from the ongoing property sector turmoil

The strong response to the first batch of rental property REITs is positive news for China, opening a new financing channel for the debt-laden real estate sector

Tesla says the upgrade of its plant in Shanghai has boosted output at its most productive facility and helped to slash delivery waiting times for two of its models

Washington and Taipei have agreed to start formal trade talks shortly on a new initiative. Taiwan hopes the talks, which are opposed by Beijing, could begin in September

Provincial governments are racing to help irrigate crops ahead of the autumn harvest amid concern the severe drought in the Yangtze River basin will spread to four more provinces