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US Fed joins international group of central banks in climate change fight

The US Federal Reserve has joined an international group of central banks focused on climate change risk, a signal that it could move to incorporate the impacts of global warming into regulatory writ

Bank of Japan to buy $6 billion in cash to combat potential market turmoil

The Bank of Japan has decided to tap $6 billion in cash from a government account in a rare arrangement to ensure it has enough ammunition to combat any market disruptions

Japan exports fall in Nov for 24th straight month in record decline stretch

Japan's exports fell in November, dashing expectations for an end to the two-year run of declines, largely due to weaker US- and China-bound shipments and suggesting a slower pace of recovery

Amazon asks US judge to toss out $10 bn cloud contract award to Microsoft

Amazon urged a US judge to toss out the $10 billion JEDI cloud computing contract award after a court-ordered re-evaluation determined Microsoft's proposal still represented the best value

US Federal Reserve joins global club of peers in climate change fight

The Fed's membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) comes after a yearlong collaboration, the Fed said

Irish watchdog imposes $547,000 fine on Twitter in GDPR landmark

The EU's General Data Protection Regulation's (GDPR) "One Stop Shop" regime makes Ireland's Data Protection Commission lead regulator of Twitter, Facebook, Apple, and Google in the bloc

Wall Street edges higher as investors await new economic cues from Fed

The Dow Jones Industrial Average rose 57.54 points, or 0.19 per cent

European Union set to approve Pfizer Covid-19 vaccine before Christmas

German Health Minister Jens Spahn told a news conference that he hoped EU approval would be in place before Christmas, clearing a path for the first inoculations by the end of the year

Facebook, Twitter will face UK fines if they fail to limit harmful content

Tech platforms will also need to do more to protect children from being exposed to grooming, bullying and pornography, the government said

Moderna's vaccine may prevent some asymptomatic infections after first shot

The vaccine maker said in briefing documents it submitted to the US FDA released on Tuesday that it had not yet completed its full analysis on the efficacy against asymptomatic infections

Oil prices rise above $50 as Covid vaccine optimism offsets new lockdowns

The United States began vaccinating people on Monday as the country's Covid-19 death toll crossed the 300,000 mark

New kinds of loans and bonds could fill $28 billion Covid funding gap: WHO

The WHO and GAVI vaccine alliance aim to provide poor and middle-income countries with diagnostic tests, drugs and vaccines through a fund known as the Access to Covid-19 Tools (ACT) Accelerator

Facebook, Twitter face British fines if they fail on harmful content

Tech platforms will also need to do more to protect children from being exposed to grooming, bullying and pornography, the government said

Apple aims to make 30% more iPhones in first half of 2021 on strong demand

The target will be regularly reviewed and revised in response to consumer demand

Natural disasters cost insurance industry $76 billion in 2020: Swiss Re

Natural disasters like wildfires devastated parts of the United States and a record number of hurricanes in the Atlantic caused

Vaccine impact on moribund oil demand is several months away - IEA

The roll-out of vaccines this month will not quickly reverse the destruction wrought on global oil demand, International Energy Agency warned

Britain needs EU to move for mutually beneficial trade deal, minister says

'Whether there is a deal is not simply down to the actions of the Prime Minister. It needs the EU to move'

Australia's Sheffield Resources gets nod for $98 mn funding by Chinese firm

Australia's Sheffield Resources said it had received regulatory approval for an $98 million investment by a Chinese firm in the miner's flagship mineral sands project at home

FB, Twitter, TikTok face fines in UK if they fail to limit illegal content

Facebook, Twitter and TikTok face fines of up to 10% of turnover if they fail to remove and limit the spread of illegal content under laws proposed by Britain

Will pursue all avenues to defend businesses: Australia on China coal curbs

Australia's Trade Minister Simon Birmingham said he would pursue all avenues to defend the rights of the country's businesses after Chinese media reported China had banned imports of Australian coal