US President says world security depends on Pacific security, offers $810m in aid at Washington summit, as island leaders vow to strengthen partnership

BYD's expansion will start in Germany and Sweden before extending to France and the UK later in the year, the Financial Times said.

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.

The world's largest automaker produced 766,683 vehicles worldwide last month, above its target of around 700,000 and above year-ago output of 531,448.

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

Over the past week, traders have seen the pound crash to an all-time low, intervention by Japan to prop up the yen for the first time in 24 years, and the euro plunge below dollar parity.

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