COSCO’s decision comes on the back of increasing tensions in the Red Sea, one of the most used trade routes in the world

Shipping giants are bracing for significant disruptions to affect key routes like the Panama Canal and knock complex vessel schedules out of sync

The move is part of VinFast’s increasing efforts to expand its overseas footprint, while for India its a boost for the country's efforts to get EV makers to manufacture at home

The planned acquisition follows the Chinese financial technology group’s purchase of Singapore-based payments firm 2C2P

Some large Indian private and state-run lenders disbursed amounts related to employee benefit schemes directly to staff's CBDC wallets, instead of their salary account in December

The total toll on lives and industry along the Noto Peninsula from the 7.6 magnitude quake — the strongest to strike Japan in 13 years — is far from known

China and Hong Kong stocks ended 2023 as the worst performers among the world's major indexes, dragged down by geopolitical risks, a sluggish economic recovery and policy uncertainties

The Chinese EV-maker's bumper sales suggest car buyers are looking for cheaper models in a high-interest-rate economy

The funding was slated to be used for the research and development, manufacturing, and sales services of vehicles under the group

The new requirements, issued in December, seek to reduce US reliance on China in its electric-vehicle supply chain

The milestone comes just three months after the chatbot was opened to the public following months of trials and scrutiny from Beijing

The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty