Mashreq Bank in Dubai declined a request to take payments from at least Indian two refiners in Emirati dirhams, forcing the buyers to pay for crude in US dollars, sources say
Five state-owned banks took part in a CBDC trial focused on cross-border transactions, the Bank for International Settlements (BIS) said.
Meta said it disrupted a China-based influence operation using Facebook and Instagram accounts with political content aimed at users in the US ahead of the midterm elections
The Biden administration is keen to head off China's bid for influence in the strategically important South Pacific after the Solomons agreed a security pact with China in April
PBOC warns against gambling after onshore yuan finishes at 7.2458 per dollar, weakest close since January 2008, while the offshore yuan slumped 1.15% on the day to trade at 7.2635.
The US will work to address South Korea's worry about recently electric vehicle subsidies that could disadvantage Asian carmakers, US Vice-President Kamala Harris said on Tuesday
The British government is due to make a final decision on the 63-million-pound takeover by Nexperia, a Dutch firm owned by China's Wingnut Technology, by October 3
Many analysts believe things are set to get worse as tighter monetary policy across the globe raises the risks of a worldwide recession
Leading economists and energy experts have called on governments to use public investment and regulatory controls to rapidly scale up the transition to clean energy
Mazda said in March exports of parts to the Vladivostok plant were going to end and production would cease when stocks ran out. But it has yet to say what it will do now.