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Solar the 'new king' of power, will break records for decades to come: IEA

The combined share of solar photovoltaic (PV) and wind in global generation will rise to almost 30% in 2030 from 8% in 2019, it said, with solar PV capacity growing by an average 12% a year

EU wins right to impose tariffs on $4 bn of US goods in Boeing case

The WTO tariff award, which confirms a decision first reported on Sept 30, threatens to intensify transatlantic trade tensions just three weeks ahead of the US presidential election

Citigroup fends off ultra-low interest rates, beats profit estimates in Q3

Adding to the bullish message from bumper results from peer JPMorgan, the bank reported respectively 18 per cent and 15 per cent jumps in revenue from bond and stock market trading

JPMorgan beats profit estimates as markets revival drives trading boom

JPMorgan also benefited as it set aside less reserve provisions, compared with the first two quarters of the year

White House moves forward with drone and missile sales to Taiwan: Report

China considers Taiwan a wayward province that it has vowed to reunite with the mainland, by force if necessary

IMF sees less severe global contraction but trouble in emerging markets

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook

JPMorgan sticks with plan to build giant headquarters in New York

"We're building that headquarters for 50 years! It is not a short-term decision," Dimon said during a call with reporters after posting quarterly results

Russia approves trial of Covid-19 vaccine on group of over 60s: Report

The testing will be conducted alongside an ongoing late-stage trial, known as a Phase III, of the vaccine on 40,000 volunteers in Moscow

European Union should retaliate in Airbus-Boeing dispute: French govt

The ruling is the latest twist in a more than 15-year dispute that has already seen Washington put border duties on EU imports.

Pelosi rejects Trump's Covid-19 relief offer, fading hopes of quick deal

In a letter to colleagues, Pelosi laid out what Democrats view as the shortcomings of a $1.8 trillion White House stimulus proposal that has also met resistance from Republicans in the US Senate

Supreme Court nominee Barrett ducks questions on abortion, gay marriage

The Senate Judiciary Committee hearing also presented Barrett with a chance to respond to Democratic lawmakers who have been unified in opposing her

Prosecutors drop money-laundering probe against Deutsche Bank managers

The economic crimes unit at the Frankfurt Prosecutor's Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases

EU wins approval to target $4 billion US imports over Boeing subsidies

Both the United States and the EU have signalled interest in settling the dispute over subsidies each provided to their respective plane makers, Boeing and Airbus

Norway to provide Covid-19 vaccine free of cost as part of health programme

Sweden, an EU member and Norway's neighbour, will buy more of the vaccines than it needs and then sell them on to Norway.

Boris Johnson tells ministers he wants EU trade deal on 'right terms'

The bulk of Australia's exports to the EU are subject to tariffs and quotas set under basic World Trade Organization (WTO) terms

S&P 500, Dow slip on J&J vaccine worries; Apple, Amazon prop up Nasdaq

The Dow Jones Industrial Average fell 72.57 points, or 0.25 per cent, at the open

Japan's Suga to order new economic stimulus as early as Nov, Nikkei says

The move would signal the government's readiness to deploy more support to cushion Japan's economy from the significant disruption to consumers and businesses by the Covid-19 pandemic

Takeda group begins manufacturing Covid plasma treatment ahead of approval

The group, known as the CoVIg Plasma Alliance, enrolled its first patient in the Phase III trial on Friday after months of delays

World Bank says G20 may agree to only six-month debt relief extension

World Bank President David Malpass said the two institutions would propose a joint action plan to reduce the debt stock for poor countries with unsustainable debts

$5 trillion investor group to lower portfolio carbon targets by 29%

All members of the Net-Zero Asset Owner Alliance are aiming to align their portfolios with the 2015 Paris Agreement on climate change