
William Nordhaus of Yale University and Paul M Romer from New York University’s Stern School of Business have been awarded the 2018 Nobel Prize in Economics for including long-term thinking on climate issues and technological innovation in economic research.

China's central bank announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.

The expulsion of British journalist Victor Mallet from Hong Kong is regarded worldwide as a chilling message about the steady erosion of basic rights in the semi autonomous Chinese city, according to the Financial Times.

Canada has not invited the United States or China to a high-level meeting on reforming the World Trade Organization (WTO). The country will host a small group of like-minded trade ministers in Ottawa in late October to discuss the global trade body. Officials say countries like the US and China will be included at a later date in the reforms discussion process.

A magnitude 5.2 aftershock struck Haiti on Sunday, even as survivors of the previous day’s temblor were sifting through the rubble of their cinder block homes. The death toll stood at 12, with fears it could rise. The U.S. Geological Survey said the epicenter of the aftershock was located 15.8 kilometers north-northwest of Port-de-Paix, the city hard hit by Saturday night’s 5.9 magnitude earthquake. Sunday’s aftershock had a depth of 10 kilometers.

China on Sunday said it was investigating Interpol's President Meng Hongwei, who went missing in September, over “suspected law violations”. The international police agency then announced it had received Meng's resignation.

Scottish National Party members of parliament would back a new Brexit referendum if it were put to them, party leader Nicola Sturgeon has said. Campaigners have been pressing for a fresh vote on whatever exit plans result from talks with EU leaders. Ms Sturgeon said SNP MPs would oppose anything short of staying in the single market and customs union.

The United Kingdom Ambassador to Chile, Mr. Jamie Bowden, presented his credentials to President Sebastián Piñera, at a ceremony that took place at La Moneda presidential palace on October 3rd.

Toyota Motor Corp on Friday said it was recalling a total of 2.43 million gasoline hybrid vehicles at home and abroad over a hybrid system issue which can lead to stalling.

After years of delays Tokyo’s 83-year-old Tsukiji fish market is closing on Saturday to move to a more modern facility on reclaimed industrial land in Tokyo Bay. The new, US$ 5 billion facility at Toyosu will open Oct. 11, over the objections of many working in Tsukiji who contend the new site is contaminated, inconvenient and unsafe.