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Thailand approaches ex-PMs to lead reconciliation panel

Bloomberg Thailand may rope in a former prime minister to lead a reconciliation committee proposed by the parliament to resolve key issues raised by pro-democracy protesters. House Speaker Chuan Leekpai has approached at least four former premiers and representatives of several political parties to be part of the panel, which may also include protest groups. A special parliament session proposed ...

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Eta may wreak havoc in Central America

Bloomberg Hurricane Eta has strengthened into one of the Atlantic’s most powerful storms of the year, packing winds of 233 kilometres an hour as it roars towards Central America. The storm, a Category 4 major hurricane, is expected to dump rain by the foot on Central America after it slams into the coast of Nicaragua on Tuesday, delivering life-threatening storm ...

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China’s big banks facing debt woes after paring profit drops

Bloomberg China’s biggest state-owned banks are still plagued by a surge in bad loans even as an early containment of the pandemic and a recovery in the world’s second-largest economy helped them trim profit declines. Net income slid less than 5% at Industrial & Commercial Bank of China Ltd. (ICBC) and its three largest rivals in the three months through ...

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