Auto Industry News

China's cabinet unveiled a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive a pandemic-ravaged economy, saying it will inspect how provincial governments implement them.

Lasanda Deepthi, a 43-year-old Sri Lankan woman, plans her day around fuel queues.

European Union leaders agreed to ban most imports of Russian oil to the 27-nation bloc as Ukrainian and Russian forces battled on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine's strategic Luhansk province.

The council predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the year doing business with South Asia, the Far East and Middle East.

European Union leaders agreed in principle to cut 90% of oil imports from Russia by the end of 2022

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers

India's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.