News brief: Big stories of the day

Iranian President Hassan Rouhani on Tuesday lashed out at the sanctions reinstated by the Donald Trump-led United States administration, saying that they amounted to "economic terrorism" and "economic war", while speaking at the ongoing 73rd session of the United Nations General Assembly (UNGA).

US President Donald Trump criticized Iran on Tuesday as a "corrupt dictatorship" that is plundering the Iranian people to pay for aggression abroad, using his speech to the United Nations General Assembly to lay down a tough message for Tehran.

Bill Cosby was marched out of court in shackles on Tuesday after a judge branded him a "predator" and sentenced him to between three and 10 years in prison for sexual assault, capping the downfall of the once-beloved comedian known as "America's Dad."

Pakistan Foreign Minister Shah Mehmood Qureshi on Tuesday reacted to India's decision of calling off talks with Pakistan on the sidelines of the United Nations General Assembly in New York, United States. Qureshi noted that he can a say a lot over the incident but that would only add to the existing issues and hamper peace.

Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts collateral damage on the region's export-reliant economies, the Asian Development Bank (ADB) said on Wednesday.

Tightening global liquidity could also weigh on business activity by pushing up borrowing costs, while capital outflows are also a risk.