The deal, expected late this month, will take CYVN's shareholding to 20.1% of Nio's total shares, the carmaker said in a statement

The Asian Development Bank has upgraded its projections for the region off the back of robust domestic demand and recovering tourism

Oil producing nations were accused of blocking a deal at the climate summit on Tuesday; many countries sought a new draft as the original failed to endorse a 'phase-out' of fossil fuels

Beijing’s ties with Jeddah have deepened with the Saudis saying in June that they would look to collaborate, not compete, with China

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

The pledge by over half the world's countries to triple renewable energy was perhaps the most positive news at COP28 on Saturday

Organisers are keen to generate goodwill before talks on the future of fossil fuels; fund would help poor nations cope with the cost of climate damage from drought, floods and rising seas

Leaked document has talking points for the president of the UN climate conference, who is an oil executive in the UAE, to advance oil and gas deals, reports say

The rebel group said 'machinery and staff will be targeted’ along a major rail and road development if the taxes are not paid

Indian refiners have trouble paying for oil because Moscow prefers yuan, while Delhi likes to settle deals in UAE dirham, but that now involves extra clearing requirements

Fossil fuel subsidies have risen $2 trillion to $7 trillion, according to the International Monetary Fund, as governments around the world try to protect consumers from rising energy prices

India and China are expected to oppose the move to block private funding for coal-fired power plants. Both claim their citizens still need more energy from fossil fuel sources.