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Novartis cuts uneasy 20-year ties to Roche with $20.7-bn voting stake sale

The company is booking a capital gain of about $14 billion on the investment at a time when the cost of acquisitions in pharma have been soaring

Covid: White House sets Jan 4 shots-or-tests deadline for US workers

Biden was elected in part on a pledge to quell the pandemic-views vaccination as the fastest path to reopening society

Volkswagen CEO tells German workers Tesla factory will threaten jobs

The lack of chips forced VW to slash output at the sprawling Wolfsburg factory that's about as big as Monaco to the lowest level since the end of the 1950ies

Bank of England defies markets by keeping interest rates on hold

Policy makers also updated forecasts for the economy, cutting the outlook for growth and increasing it for inflation

China ring-fences Beijing as coronavirus outbreaks continue to swell

The escalating restrictions come after the number of infections in the capital rose persistently over the past few days and are now nearing 40.

'Full of prejudice': China says Pentagon's nuclear report disregards facts

The Pentagon estimated in its Wednesday report that China will have at least 1,000 nuclear warheads by 2030

Qualcomm's outlook adds to signs that chip crunch is on cusp of easing

The chipmaker is now more adept at getting its hands on scarce parts

Jerome Powell gambles on inflation easing as Fed waits for more jobs

Powell is doubling down on the US central bank's new policy framework

ByteDance founder Zhang Yiming steps down as chairman to focus on TikTok

New CEO Liang Rubo has replaced Zhang on the five-member board, according to sources

China's latest delta outbreak is most widespread since one in Wuhan 2019

The highly-infectious delta variant is hurtling across the country

'Turning point': Pfizer vaccine gets final nod for children over five

CDC Director Rochelle Walensky recommended the vaccine for children from 5 to 11 years old

Ikea forecasts more difficult year on supply-chain issues, store closures

Inter Ikea, the worldwide franchiser for the brand, said Wednesday that net income fell 17% to 1.43 billion euros ($1.7 billion) in the 12 months through August

Covid: China's latest Delta outbreak its most widespread since Wuhan

China reported 93 new local cases on Wednesday, and 11 asymptomatic infections. Three more provinces detected cases: central Chongqing, Henan, and Jiangsu on the eastern coast.

Taliban govt bans foreign currencies to keep Afghanistan economy afloat

Taliban has banned the use of foreign currencies in Afghanistan, a move that could weigh on an economy struggling with a cash crunch.

James Bond needs a salary raise: His restaurant bills aren't keeping up

The British secret agent's purchasing power depreciated over time: especially since the 1999 introduction of the euro.

Global oil demand back above 100 million barrels a day, says BP

Company posts $3.3 billion third-quarter profit, beating estimates as oil prices surge

Festive cheer for jewellers as Dhanteras fetches bumper gold sales

Dhanteras is traditionally seen as the most auspicious day in the Hindu calendar to buy gold

Warren Buffett, Goldman Sachs win from fintech gold rush in India

India's digital transactions are expected by PricewaterhouseCoopers to touch $3 trillion by March 2025 from more than $1.3 trillion now

Singapore has grand ambitions to become a global cryptocurrency hub

Singapore aiming to become a key player for cryptocurrency-related businesses as financial centers around the world grapple with approaches to handle one of the fastest growing areas of finance.

India must clean up coal-reliant power sector to reach net-zero emissions

Indian Prime Minister Narendra Modi delighted delegates at the COP26 climate summit with his announcement that the third-biggest emitter would reach net-zero by 2070.