Lee said they cannot afford to invest $350 billion without a safety mechanism to cut risk, such as only supporting commercially feasible projects

The move is seen as bad news for rival firms in the long term, but analysts say it could take pressure off TSMC and ease US scrutiny on foreign chipmakers

China and the US 'have larger agendas to work out,' Nvidia chief says after China's cyberspace regulator bans local firms from buying its AI chips

Chinese shareholders' stake will be cut to below 20%, while Andreessen, Silver Lake and Oracle look set to be key players in the new firm running TikTok in the US

The US is anxious to boost Western control of ports around the world, as China's huge expansion in shipping and ports is seen as a dangerous 'maritime advantage'

Trade officials confirm TikTok agreement after Trump reveals deal on a 'certain' company that would make young people in America 'very happy.'

Beijing has drawn up new rules to target tax evasion among small refiners, plus the EC is threatening to impose sanctions on Chinese refineries that take Russian oil

The move – seen as a bid to placate the US and protect jobs – will increase tariffs on $52 billion worth of imports in sectors such as textiles, steel and automotive

Toyota Motor plans to start making two battery-powered sport utility vehicles at its US factory in Kentucky, a person with knowledge of the plan has revealed

A move to shut down major social media sites sparked deadly protests and riots that led to the burning of the parliament and forced Nepal's prime minister to resign

South Korean firms have often struggled to obtain the necessary visas to bring in specialists for their high-tech plants in the US. So they've been using a visa 'grey zone'

Japan's markets soar on expectation PM's successor will boost government spending. Yen slips, while bonds were firm.