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UK economy grows by monthly 1.1% in September, slower than expected

Britain's economy grew by a slower than expected 1.1% in September from August, even before the latest restrictions on businesses, official data showed

Pandemic sends Emirates to half-year loss for first time over 30 years

Emirates airline said on Thursday it lost $3.4 billion in the first half of the year due to the coronavirus crisis, handing its holding company a half-year loss for the first time in over thirty years

Apple supplier Foxconn third-quarter profit near flat, beats estimates

Foxconn's share price ended trade 0.4% higher ahead of the earnings release

Covid-19 impact: Emirates posts $3.4 bn half-year loss in more than 30 yrs

Emirates had reported a 862 million dirham profit for the first half of the previous year

Exclusive: Gold market authority threatens to blacklist UAE, other centres

The world's most influential gold market authority is threatening to stop bullion from countries including UAE entering the mainstream market if they fail to meet regulatory standards, a letter showed

Biden win lifts Asia FX sentiment; bullish bets on rupiah at 6-yr high

Investors took long positions in all Asian currencies for the first time since early September, a Reuters poll showed

Alibaba, JD.com say US was top seller to China during Singles' Day event

Alibaba and JD.com said the US was the top seller of goods to China during the Singles' Day shopping extravaganza that generated about $116 billion in merchandise volume for the pair

Gold edges higher as coronavirus worries eclipse vaccine optimism

Gold prices edged higher, after dropping over 1% in the previous session, as concerns over the economic fallout from surging Covid-19 cases outweighed positive vaccine news

Boeing raises 20-year forecast for China aircraft demand despite pandemic

The forecast makes the country a bright spot in the aviation market even as Covid-19 decimates global deliveries over the next few years

Japan machinery orders fall, clouding outlook for capital spending recovery

Japan's core machinery orders fell for the first time in three months in September and at a faster than expected pace

Lufthansa reaches crisis deal with union to cut 200 million euros in costs

German airline Lufthansa said it had reached a new deal with trade union Verdi to cut 200 million euros (£178 million) in costs in return for making no compulsory redundancies in 2021

IMF eyes new relationship with biggest shareholder after Joe Biden's win

The election of Joe Biden as US president gives the IMF a chance to reset its relationship with its largest shareholder and make green initiatives a bigger part of its global economic recovery plan

Oil keeps climbing on hopes OPEC+ will hold back supply as Covid cases rise

The weakening outlook has piled pressure on OPEC+ to delay a supply increase of 2 million bpd scheduled for January, which the market is now pricing in

Have enough data for first interim analysis of Covid-19 vaccine: Moderna

Moderna said it has enough data for a first interim analysis of the late-stage trial of its experimental Covid-19 vaccine, which should help determine the vaccine's efficacy

Brazil says Chinese coronavirus vaccine trial can resume after suspension

Brazil allowed resumption of late-stage Brazilian clinical trials for China's Sinovac Covid-19 vaccine, which was suspended due to a study subject's death that was reported in Sao Paulo as a suicide

UK tries to reassure business leaders over Brexit with new taskforce

Britain will attempt to reassure business leaders it appreciates need for clarity on rules outside of the EU by setting up a task force to discuss challenges 50 days before the transition period ends

Asian share markets follow Wall Street higher on US gridlock bets

Asian share markets firmed while bonds held big gains as investors awaited a clear result from the US election, with the likely prospect of policy gridlock seemingly welcomed by Wall Street overnight

Oil rises 4% after Trump falsely claims victory in tight US election

Oil prices rose nearly 4% after President Trump falsely claimed victory in a tight US election with millions of votes still to be counted and after data showed a large decline in US crude inventories

Qualcomm forecasts strong first quarter revenue on 5G phone sales growth

Qualcomm forecast fiscal first-quarter revenue above estimates as it predicted sales of 5G phones would balloon to over half a billion units next year, powered in part by new Apple iPhone 12 models

American election thriller: What happens if the outcome is disputed

Despite incomplete results from several battleground states that could determine the outcome of the US presidential race, President Donald Trump proclaimed victory