A leading indicator of the demand for technology globally, the island's export orders are also likely to see a significant decline in December

Companies are likely to face stronger rules and scrutiny in 2023 in regard to environmental policies, to ensure they have 'climate-friendly' supply chains and investment policies

India looks set to be the economic standout in the year ahead, with the central bank forecasting 6% growth for the next fiscal year starting in March.

Smartphone giant is the latest tech firm to lay off workers, as sales and revenue have taken a hit in recent months as China battled Covid outbreaks

Buyers have been cancelling orders to buy Tesla electric vehicles because of Elon Musk's "toxic behaviour" since he took over Twitter, a new report says

The services unit’s pledged shares were last enforced a year ago, when the group's ownership was reduced from 60.96%

"China's growth outlook is subject to significant risks, stemming from the uncertain trajectory of the pandemic," the World Bank said

The Japanese yen hit a four-month high, while the Nikkei share index fell 2.5% after the Bank of Japan shocked markets on Tuesday by lifting the cap on bond yield controls.

Stocks in China suffered their biggest fall in seven weeks, while Hong Kong, Tokyo, Sydney and most of Southeast Asia also declined. Indian markets, however, enjoyed a small rise.

Taiwan's government has opened an investigation into Chinese social media platform TikTok amid suspicion it illegally runs a subsidiary on the island

The survey suggests that the Chinese economy "may be heading for recession in 2023," World Economics said

Toyota chief Akio Toyodo said the "silent majority" is wondering if electric vehicles really are "OK to have as a single option".