Chinese officials acknowledge strong rationale for change but baulk at taking decisive moves that may disrupt social stability and burden indebted cities with added costs

The International Energy Agency expects world oil consumption to hit its peak in 2030 at 103 million barrels per day – a decade faster than initially predicted

CEO Huang said the group's plan "is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits".

Israel is investigating short-selling of shares in an ETF that tracks the country's stock exchange just before Hamas' attack on October 7, which researchers say could have reaped $100m

Ratings agency cuts China's credit outlook, saying Beijing will have to support debt-laden local governments and state firms, posing risks to the country's fiscal and institutional strength

The move gathered momentum on Tuesday when a draft text emerged and research revealed that global CO2 emissions from burning fossil fuels are set to hit a record high this year

Chinese President Xi Jinping will meet with European Council President Charles Michel and European Commission President Ursula von der Leyen

The number of Chinese blacklisted for defaulting on debts has hit a record high, which means millions can be blocked from using mobile apps for payments

Car giant aims to have six new EV models in Europe by 2026, and also has a unit looking at hydrogen trucks and cars

Hong Kong court gives embattled developer a further 8 weeks to finalise a revamped debt restructuring proposal; judge says plan needs support from all classes of creditors

COP28 president Sultan Al Jaber also seen opposing the UN chief's call for a halt in the use of fossil fuels

Rich Chinese families and private companies have taken or sent an estimated $50 billion a month out of China this year, a recent report says