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As World Bank faces scrutiny, UN chief warns lenders over fossil fuels

Guterres urged a coalition of finance ministers and economic policymakers from dozens of countries to ensure development banks end fossil fuel investments and boost renewable energy

Climate change poses 'profound threat' to global growth: IMF chief

Climate change poses a serious threat to global growth, the head of the International Monetary Fund said, urging the world's top emitters to agree on a floor for carbon prices

Thailand approves tax breaks to spur consumption, revive economy

The government will offer a tax deduction of up to 30,000 baht ($966) on purchases of goods and services from October to December

Coronavirus risks shadow Barrett's Supreme Court confirmation hearings

Republican President Donald Trump formally nominated Barrett at a packed Sept. 26 White House ceremony

A collapse of global tax talks could cost $100 billion, says OECD

Public pressure is growing on big, profitable multinationals to pay their share under international tax rules after the Covid-19 pandemic strained national budgets

'Quad' nations ready to work with others for free, open Indo-Pacific: US

Washington has been pushing for closer collaboration among the members of the so-called Quad grouping as a bulwark against China's growing regional influence

Tech stocks extend Wall Street rally as investors bet on stimulus

Apple Inc was a major support for the three main stock indexes with a 3.6 per cent gain ahead of a special event on Tuesday

Daewoong Pharma gets approval for Phase 1 trials of coronavirus drug

The company confirmed the safety of the drug in its latest study in partnership with New Delhi-based Mankind Pharma Ltd, Daewoong said in a statement

New Zealand signs deal with Pfizer, BioNTech for coronavirus vaccine

New Zealand government signed a deal to buy 1.5 million Covid-19 vaccines from Pfizer Inc and Germany's BioNTech , with delivery potentially as early as the first quarter of 2021

Oil prices extend losses as US producers restore output post-hurricane

Brent crude for December fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and US West Texas Intermediate for November was at $40.30 a barrel, down 30 cents, or 0.7%

Tesla battery supplier LG Chem forecasts record third-quarter profit

LG Chem estimated that its operating profit jumped 159% to 902 billion won in the quarter ended September

White House seeks limited relief bill, promises talks on broader stimulus

Federal Reserve officials have urged Congress to be aggressive in supporting the US economy

Nagorno-Karabakh truce under severe strain as both sides allege violations

Both sides accused one another of breaking the ceasefire almost immediately on Saturday

TikTok's budding rival Triller explores deal to go public: Report

The deal would come as Triller seeks to capitalise on TikTok's woes

Supreme Court nominee Barrett pledges fealty to law as Senate hearing looms

A four-day Senate Judiciary Committee confirmation hearing for the conservative appellate court judge is set to begin on Monday

20 killed on temple trip in Thailand as bus, train collide: Report

The accident took place at 8:05 a.m. (0105 GMT) near the Khlong Kwaeng Klan railway station 63 km (40 miles) east of Bangkok, said Maitree Tritilanon, governor of Chachoengsao province

Richard Branson's Virgin Orbit eyes $1-billion valuation in fundraising

British billionaire's satellite-launch business looking to raise money to support future launches

Trump says he is free of Covid-19 as he readies for final campaign trail

Trump is eager to get back on the campaign trail after an absence of more than a week

Saudi's biggest lender NCB to merge with Samba to create $223 bn entity

Low oil prices and weak economic growth are pushing bank consolidation across the Gulf

Brazil president to meet soy farmers amid oilseeds price inflation

Bolsonaro said he will rely on Agriculture Minister Tereza Cristina Dias to arrange the meeting with the growers