Europe faces a reality check as its weak auto market is set to face more closures. In their latest move, Audi takes the centre stage as the firm is considering closing the Brussels plant. Analysts says this move is indicates the troubles afflicting Europe's wider electric car industry amid low demand and competition from China.

Audi: More than 3,000 jobs at risk in Europe

Volkswagen, Europe's largest automaker, has decided to scrap decades-old job security guarantees at six German plants. This move is part of a broader cost-cutting drive aimed at competing with cheaper Asian rivals.

Volkswagen warns of shutting factories as Europe's auto market becomes weak

Two factories caught massive fire in Melbourne, Australia on Thursday. Fire Rescue Victoria (FRV) crews reached the site on Clarendon St, near Haigh St in Southbank around 4 pm.

Massive fire engulfs two factories in Melbourne, Australia

China on Monday said that a major application used for tracking COVID-19 contacts will retire, a major move in the rapid turn away from its zero-tolerance Covid strategy.

China retires Covid tracking app as part of easing virus rules

China's exports and imports shrank at their steepest pace in November. COVID-led production disruptions and a property slumped at home piled pressure on the world's second-biggest economy.

Andrew Freris, CEO of Ecognosis Advisory opens up on falling trade surplus of China

The Chinese government has decided soften their COVID-19 restrictions as part of the Zero-Covid initiative as Beijing will allow some infected people to isolate at home.

WION Dispatch: China eases Covid restrictions in Beijing, hints at possible change in stance

China's manufacturing and services activities shrank further in November to seven-month lows, stung by the country's strict Covid restrictions. Analysts said that this will hurt the economy well into 2023.

World Business Watch: China's factory, service activities shrink to 7 month low

Chinese authorities are being forced to close factories. But this time - it is not because of the pandemic. A new crisis could derail China's economy. Palki Sharma tells you about it.

Gravitas: Why factories in China are shutting down

As a heatwave drives up power consumption and depletes reservoirs, Sichuan Province, China's lithium hub, will restrict electricity delivery to manufacturers until Saturday, according to official media.

China limits electricity to factories as heatwave drives up demand

Hundreds of Bangladesh garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, raising fears the industry's vulnerable and largely female workforce could be exposed to the contagion.

Bangladesh garment factories reopen, defying virus lockdown

Only 200 out of 1,600 garment factories in Bangladesh have met the requirements of an international accord on worker safety, and 400 factories have been barred from taking international orders, the industry body's president said on Sunday.

Only one in eight Bangladesh garment factories passed international safety inspection: Industry head

Swaraj's response came after an Indian, Imran Khokhar, had tweeted that 800 unemployed nationals were starving in Saudi Arabia

Indian foreign minister reaches out to help 10,000 stranded in Jeddah

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