Australia’s Infrastructure and Transport Minister Michael Ferguson said the government is investing AUS $4 million ($2.9 million) to work with industry to establish a crumbing plant in Tasmania. Per reports in the local press, the government plans to utilize recycled rubber from used truck tires in road resurfacing, in line with its commitment to cutting waste and working towards a circular economy.  

SEOUL, March 2 (Xinhua) -- South Korea's global automotive sales rose in single digits last month, marking the first turnaround in seven months, industry data showed Wednesday.

SINGAPORE, March 3 (Reuters) - The euro was pinned near a 21-month low on Thursday by worries that Russia's invasion of Ukraine will hurt European growth, while commodity currencies hit multi-week highs as export prices surged.

SINGAPORE, March 3 (Reuters) - Oil prices extended their rally on Thursday, with Brent rising above $116 a barrel, as trade disruption and shipping issues from Russian sanctions over the Ukraine crisis sparked supply worries while U.S. crude stocks fell to multi-year lows.

SYDNEY, March 3 (Reuters) - Asian shares were trying to rally on Thursday after reassuring comments from the Federal Reserve helped Wall Street bounce, even as the war in Ukraine sent oil and commodity prices spiralling ever higher in a grim omen for global inflation.

BEIJING, March 3 (Reuters) - Activity in China's services sector in February expanded at the slowest pace in six months, as the sprawling industry reeled from the government's tough containment measures to stop the spread of local COVID-19 outbreaks, a survey showed on Thursday.