The EU executive said the scheme was deemed risky because all applicants are accepted and not sufficiently screened, despite some appearing in Interpol's security databases.

Tesla's demands for tax cuts last year prompted objections from local players, who said it would deter investment in manufacturing. But Mercedes is set to assemble EVs in India later this year

Bond markets in Asia are likely to stay resilient even as the US Federal Reserve begins to unwind stimulus and hike interest rates this year, economists said

China's cabinet issued a plan on Wednesday for development of its digital economy, aiming to increase this sector's share of national GDP by pushing tech like 6G and big data centres

India's Infosys posted a 12% jump in quarterly profit and bumped up its revenue forecast on strong demand for its software services from businesses accelerating their digital transformation

Local governments in China have been under heavy economic stress, after Beijing’s move to rein in real estate debt. Some suspect LGFVs could collapse given their huge debts ($8 trillion in 2020)

China’s cabinet has moved to quicken the pace of 102 major projects outlined in its 2021-25 plan as leaders admit that stabilising the economy in the first half of 2022 will be an uphill battle

US electric vehicle maker achieved the highest monthly rate since it started manufacturing in Shanghai in 2019

Vodafone Idea board backs conversion of all interest related to spectrum auction instalments and dues owed to government into equity

South Korean battery maker's $10.7bn IPO has received bids worth around $80 billion from institutional investors, sources have said

Volkswagen said it would likely double sales of its battery electric vehicles in China this year and aims to do even better but it could be hamstrung by a shortage of semiconductors.

Telecom regulator said Apple submitted plans to allow third-party payment systems on its app store, to comply with a new law banning operators from forcing developers to use their systems