"We are finalising negotiations with two big global car producers. We hope this new policy will make our position much stronger than before," senior cabinet minister Luhut Pandjaitan said

SoftBank has reportedly picked Goldman Sachs, JPMorgan Chase, Barclays and Mizuho Financial Group to lead the US listing.

The Ukraine war has prompted some elements in China's military-industrial complex to call for an increase in the defence budget

The move signifies Beijing's changing priorities as it looks to strengthen is capabilities while Washington cuts off access to cutting edge technology

Decision is a blow for the British government, which hoped to lure the chip designer home, but not unexpected, as SoftBank always favoured a US listing and needs to replenish its coffers

Foxconn chief met Indian Prime Minister Narendra Modi this week 'to build an ecosystem allowing all stakeholders to share, collaborate and thrive'

Auto giant BYD says it sold 193,655 new-energy vehicles in February – a big jump from a year earlier – amid a broader rebound in China's auto market

Binance has earlier faced challenges in Singapore, where several crypto exchanges have received central bank approval to offer payment services

Some economists say ambitious annual growth targets in China are counter-productive and have contributed significantly to the country's overall debt of almost 300% of economic output

Washington wants to coordinate support for possible restrictions with close allies but it was not clear what sanctions it would propose if China is found to provide military aid to Russia, sources said

"We'll take the advice of our national security agencies. That hasn't been the advice to date," Treasurer Jim Chalmers said

The development comes as the embattled conglomerate seeks to ease investor concerns about its credit profile; Adani Enterprise shares have surged 30% over the past two days