Hong Kong court gives embattled developer a further 8 weeks to finalise a revamped debt restructuring proposal; judge says plan needs support from all classes of creditors

COP28 president Sultan Al Jaber also seen opposing the UN chief's call for a halt in the use of fossil fuels

Rich Chinese families and private companies have taken or sent an estimated $50 billion a month out of China this year, a recent report says

Jakarta and the Asian Development Bank have agreed to a deal that will see a 660-MW coal plant in West Java shut seven years earlier than scheduled

The pledge by over half the world's countries to triple renewable energy was perhaps the most positive news at COP28 on Saturday

The US will give $3 billion to the Green Climate Fund, sources said Saturday. The fund helps poor countries lower emissions and transition to clean energy

Group's vice-president and chief financial officer are suspected to have been detained by authorities, who are now probing the shadow bank's dramatic implosion

China International Capital Corp tells its analysts not to publish negative views on China's economy or its financial markets, asks staff not wear luxury brands or disclose their pay

Organisers are keen to generate goodwill before talks on the future of fossil fuels; fund would help poor nations cope with the cost of climate damage from drought, floods and rising seas

The US Treasury is expected to block an EV tax subsidy for buyers of cars containing batteries, components or minerals made by state-owned Chinese companies

A flurry of approvals of new coal-fired plants in recent years spurs fear over China's climate pledges – and the huge task for the world to meet its global warming targets

A huge increase in China's solar production capacity and installation will give its citizens power prices less than half the user-prices in Europe or Australia, a new report says