The Tesla supplier dropped its full-year operating profit forecast to $769 million as a result of falling demand for luxury electric vehicles

The electric vehicle giant continues to preserve its domestic market leadership despite softer demand and increased competition

New order will require developers of AI systems that pose risks to security, the economy, health or safety to share test results, while officials set standards for key chemical, biological, radiological, nuclear, and cyber risks

The Biden administration sees direct leader-level engagement with Xi as particularly important in managing US-China tensions

Manila has scrapped a deal with China to fund and build three rail projects on Luzon and Mindanao islands, which were considered defunct even before Marcos Jr took office in mid-2022

Three-quarters of the money went into manufacturing and processing with the cash coming from China, Singapore and South Korea

Wang, who is in the US until Saturday, is also set to meet Biden's national security adviser, Jake Sullivan, at the White House

The Japanese investment bank’s joint venture lost $30.75 million last year, after losing $11.48 million in the previous year

A push since last year to replace all Western equipment in critical sectors with domestic alternatives 'has re-drawn entire sub-sectors' of China's software industry

Demand for EVs is growing, but the scrapping of an EV partnership between GM and Honda, plus a warning from China's top battery maker suggest the transition may be slower in 2024

The country's automakers have been unnerved by China’s graphite licensing move and are now looking to limit their EV battery risks

The automakers believed they may be able to create "affordable" EVs, built using GM's Ultium battery technology, but found that it would be difficult to achieve