India faces a likely blistering summer, with higher-than-average heat already straining power grids amid energy shortages.

India Finance Ministry warns supply shocks from Middle East war are hitting domestic demand, calling it a 'serious concern' in monthly review.

India is facing supply shocks from the war in the Middle East, and the resulting hit to domestic demand is a serious concern, the Finance Ministry said in its monthly economic review.

At least 16 women killed in train crash outside Jakarta. Families mourn their daughters, sisters and wives after accident early this week.

At least 16 people, all women, died in a train crash outside Jakarta earlier this week, leaving many families mourning their daughters, sisters and wives.

China threatens retaliation against the European Union if the bloc proceeds with a proposed ban on Huawei equipment across the continent.

The Chinese government has threatened retaliatory measures against the European Union should the bloc move forward with a proposed ban on Huawei equipment.

China's financial regulatory head Li Yunze has been demoted, according to reports. The move marks a significant shift within the country's financial oversight leadership.

Sources report that Li Yunze, the head of China's financial regulatory body, has been demoted from his position.