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Mongolian President Ukhnaagiin Khurelsukh said that he supports the construction of oil and gas pipelines from Russia to China via Mongolia.

Oil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one.

The global movement by governments and automakers to boost electrification of cars does not mean ethanol will be dead as a product, according to an executive of one of the world's largest producers of the biofuel.

Tesla Inc was sued on Wednesday in a proposed class action accusing Elon Musk's electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features.

The sporty all-electric car from the Netherlands resembles a BMW coupe, but is unique: It captures more carbon than it emits.

Taiwan's President Tsai Ing-wen warned the semiconductor industry faces new and "volatile" challenges, but said her government will work with the sector to overcome them.

Ride-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passengers and they work, days after a local business tycoon died in a crash involving his private car.