Daihatsu's four factories in Japan will shut down till the end of January while its parent Toyota talks to authorities about what to do about the safety tests scandal revealed last week

Costs have shot up as ships have rerouted around Africa. Some shippers are looking to boost the number of vessels sailing through the Suez Canal, but others want to see if the response to Houthi attacks is effective

"A more dovish Fed means the likelihood of recession in 2024 has fallen considerably," one market analyst said

Uncertainty in the Red Sea, after Yemen's Houthi militant group began targeting vessels this month, is threatening to worsen the global surge in inflation

The US Department of Defence said on Saturday the drone that attacked the Japanese-owned chemical tanker was launched from Iran.

The ET9, which is still a year away from delivery, features self-developed tech such as an autonomous driving chip, a 900-volt electric drive for fast charging and large cylindrical battery cells

Beijing has condemned a US plan to review procurement of mature-node chips from China, as it likely fears the move will create further upheaval in its volatile chip sector

The National Development and Reform Commission said on Saturday it had identified thousands of flood control and disaster relief projects under a $140bn plan to boost the economy

Tesla paid 222.42 million yuan ($31.13 million) for use rights to a 19.7-hectare (48.7 acres) plot in Shanghai for $31.13 million

The new facility to be built in Szeged, in southern Hungary, China's biggest carmaker by sales, said on Friday

China exported some 1.63 million vehicles to Europe in the first 10 months of this year, but attacks on ships in the Red Sea mean it will now take longer for their EVs to reach EU ports

The new rules, which effectively set spending limits for online games, dealt a big blow to the world's biggest gaming market. Tencent shares tumbled 12.3%, while Netease plunged 24%