UK fashion retailer, ASOS, predicts huge fall in profits due to Brexit and supply chain demands

 ASOS, one of the UK's leading online fashion retailers, says its profits could fall by as much as 40% over the next year.

The company blames the expected fall on chain supply demands and Brexit duties.

Chris Jones has more in London.

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Coal Crisis: Indian government says ample stocks of coal available for power demand

India is denying claims made by regional governments that the country is on the brink of a power crisis.

The Coal Ministry of India says fears of a disruption in power supply are "entirely misplaced".

According to data published by the Indian government, more than 52% of the country's electricity is generated by coal.

Sreoshi Mukherjee reports..

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COVID PASSES COME INTO FORCE IN WALES

Adults attending large events and nightclubs in Wales are now required to show a Covid pass.

They show proof of a negative rapid test - or that the holder is fully-vaccinated against coronavirus.

The measure was narrowly approved by the Welsh Parliament last week.

Nick Newman from the Cardiff Licensees Forum says it puts more pressure on businesses.

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China enraged by Taiwan’s National Day Rally speech

China has reacted with fury at a speech delivered by Taiwan's president Tsai Ing-wen at the island's National Day Rally.

Tsai says that nobody can force the island to accept Chinese rule, as it offers neither freedom nor democracy.

This comes as the self-ruled island faces growing military and political pressure from Beijing, which claims Taiwan as its own territory.

Samuel Wong reports.

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Chinese tech stocks rebound as investors bet on end to regulation

China's biggest tech companies surged in early Hong Kong trading, as investors bet that a regulatory crackdown on the sector may be coming to an end. Food delivery giant Meituan (PRON: May-Twan) led the gains, days after being fined more than 500 million dollars by the authorities. 

Richard Kimber reports from Hong Kong.

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Japanese shares boosted as PM Kishida rolls back tax plans

Japanese shares began the week with a rally after Prime Minister Fumio Kishida rolled back suggestions that he would change financial income tax in the near future. A weaker yen also helped to lift market sentiment. 

Phoebe Amoroso reports from Tokyo.

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US couple charged with attempting to sell nuclear secrets to foreign power

A US navy engineer and his wife have been charged with attempting to sell secrets about American nuclear reactors to a foreign government according to a statement from the U.S. Department of Justice.

Our US correspondent Julia Sun has been following this story from New York and she has the details.

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SHORTAGES WORSEN IN SUDAN AMID PROTESTS

A blockade of Sudan's crucial port, Port Sudan, by political protesters, is pushing the fragile nation to the brink.

Key supplies (including oil from land-locked South Sudan) have stopped flowing altogether- bringing Sudan to a standstill, amid a deepening political crisis.

Naba Mohiedeen has more from Khartoum.

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China demands US breaks off relations with Taiwan, over troop training reports

China has warned the United States to abandon military relations with
Taiwan following reports US troops are stationed on the island to help
train its military.

Taiwan, although self-governed, is claimed by China as part of its
sovereign territory.

Nick Harper reports from Washington.

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U.S. consumer and earnings in focus in week ahead

This week on Wall Street investors will be focusing on the health of
the U.S. consumer.

And earnings season is getting underway with some of the major banks
releasing quarterly figures.

William Denselow reports from New York.


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U.S. jobs report badly misses expectations

U.S. job creation slowed in September far more than analysts expected
as Covid-19 fears continue to hamper the labor market.

The unemployment rate dipped below five percent but more Americans
have dropped out of the labor force.

William Denselow reports from New York.

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​It’s official: Tesla moving headquarters to Texas

After months of hinting, Telsa has now made it official: it is moving its company headquarters from Silicon Valley, California to Austin, Texas.

CEO Elon Musk announced the news at a shareholders meeting, making the electric car giant the latest tech company to up sticks and reroot in the Lone Star state.  

Toni Waterman has more from Austin, Texas.

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Tata emerges as winning bidder for Air India

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Tata Sons has emerged as the winning bidder for loss-making Air India, following years of struggling to privatise the national carrier.

The decision sees history coming full circle, as Air India was founded by JRD Tata in the 1930s before its nationalisation about 20 years later.

Our correspondent Rebecca Bundhun reports from Mumbai.

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GERMANY URGES POLAND TO FOLLOW EU LAW

Poland's top court has ruled against the primacy of EU law in the country. 

The move has further strained relations between Brussels and Warsaw, with neighbouring Germany coming out in support of the EU's efforts to implement continent wide rules. 

From Berlin, Trent Murray reports

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Nobel Peace Prize jointly awarded to Russian and Filipino journalists

The Nobel Peace Prize has been awarded to Russian journalist Dmitry Muratov and Filipino journalist Maria Ressa. The committee said the two were chosen for their commitment to freedom of expression under challenging conditions. Julia Chapman has more.

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Global tax deal set to be agreed in Paris

An expected international deal on corporate tax is set to be unveiled in Paris - with reports suggesting that the agreement could be unveiled today/this Friday.

Talks have been taking place on a move that would see companies pay an extra 100 billion dollars in corporation tax.

From the French capital, here's Ross Cullen.

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India's active Covid-19 cases at more than 200-day low

India reported 21,257 new Covid-19 infections in the past 24 hours, while the country's active caseload is at a more than 200 day low, according to health ministry data.

But officials and doctors are however warning of a risk of a spike in infections during India's current festive season.

Our correspondent Rebecca Bundhun reports from Mumbai.

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UK'S BIGGEST EVER FLU VACCINATION CAMPAIGN STARTS

There are fears in the UK of as many as 60 000 flu deaths this winter.

The National Health Service is starting the biggest flu vaccination programme in its history.

Because of the last year's covid lockdown restrictions - there isn't as much natural immunity to flu in communities as normal.

GP DR Sarah Jarvis says there could be challenging months ahead.

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India condemns killing of civilians in Kashmir

India has criticised the recent attacks on civilians in the contested region of Kashmir- calling them 'targeted killings'.

Five civilians have been killed by militants in the last three days alone.

Neha Poonia has more.

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Australia – Third dose recommended for immuno-compromised.

Australia's expert body on immunisation is recommending a third dose of a Covid vaccine for the immuno-compromised.

The booster program will involve about 500-thousand Australians that fall into this category.

Shaun Bindley reports.

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COURTESY AIR NEWS MEDIA - AUSTRALIA