The electric car has prompted a race for dominance in the battery-making sector – with the likes of CATL, LG, Panasonic and Samsung all looking to surge ahead

Tokyo slid backwards, following Wall Street’s lead, as a rise in oil prices and the political stand-off in Washington dampened enthusiasm on trading floors.

With Evergrande reeling under a $305 billion debt pile, it has emerged others are also staring into the financial abyss – with Sunshine 100 China Holdings, China Oceanwide Holdings and China Fortune Land Development all defaulting on payments this year

Many of China's biggest property firms, including the country's second largest, China Evergrande, have seen their bonds plunge amid worries they face collapse

Australian iron ore giant has already agreed to supply nickel to Tesla and work with them on lowering carbon emissions in the battery supply chain

Washington trade chief Katherine Tai is preparing to unveil the US administration’s plan for dealing with Beijing’s ‘lack of adherence to global trading norms’

The troubled property giant’s struggles, added to continued pressure from China's crackdowns on its tech firms and casinos, saw the Hang Seng shed more than 2%

Beijing has cut a deal with Inter RAO to double its electricity supplies to the country’s hard-hit northern provinces this month

The leading cryptocurrency was closing in on its biggest single-day advance since the middle of June

The world’s leading producer of semiconductors has reassured manufacturers it is working hard to restore supplies but has stressed the supply chain is global and involves many players

The Nikkei fell by more than 2% with traders preoccupied with unfolding events in the United States and the slow post-pandemic global recovery

The group, which is worth $15 billion, is under pressure after expanding its communications network and investing in logistics to try to compete with Amazon