Bloomberg
Bloomberg
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Battery-powered vehicles to concept cars: Wild wheels at IAA Mobility Show
Auto brands were already questioning the relevance of car shows before the novel coronavirus arrived
 "Battery-powered vehicles to concept cars: Wild wheels at IAA Mobility Show")
Citigroup bolsters India investment banking team on unprecedented deal boom
Companies have raised about $10.2 bn through IPOs in India this year, putting 2021 on track to beat its all-time record of $11.8 bn
 "Citigroup bolsters India investment banking team on unprecedented deal boom")
European stocks trim losses as ECB slows bond buying on recovery
The Stoxx 600 Europe Index was 0.2% lower by 2:15 p.m. in London.
 "European stocks trim losses as ECB slows bond buying on recovery")
US initial jobless claims fall by most since late June in week
Continuing claims for state benefits fell to 2.78 million in the week ended Aug. 28.
 "US initial jobless claims fall by most since late June in week")
Bharti-backed OneWeb's AT&T satellite deal challenges Musk in his backyard
OneWeb is racing against Elon Musk's rival Starlink system to offer internet to consumers and businesses in regions of the world where terrestrial fixed and wireless connections aren't profitable
 "Bharti-backed OneWeb's AT&T satellite deal challenges Musk in his backyard")
Low-cost UK carrier EasyJet spurns bid from rival Wizz, aims to raise $2 bn
Shares of EasyJet fell as much as 14%, as the company said it will instead raise $2 billion in stock and debt.
 "Low-cost UK carrier EasyJet spurns bid from rival Wizz, aims to raise $2 bn")
China tech stocks slide as regulators ramp up pressure on gaming
The Hang Seng Tech Index tumbled 4.5% as of 3:51 p.m. local time, with Tencent Holdings Ltd. dropping by almost twice that amount in its worst day in five weeks.
 "China tech stocks slide as regulators ramp up pressure on gaming")
Gold edges higher as virus spread cuts yields, pressures stocks
The relentless spread of the delta virus variant is taking its toll on America's economy as well as global supply chains, depressing growth while boosting inflation.
 "Gold edges higher as virus spread cuts yields, pressures stocks")
China will suspend approvals for new online games, says report
Tencent and Netease led a selloff of Chinese stocks in Hong Kong after the Xinhua news service reported that officials had invited gaming firms to meeting to discuss further oversight of industry
 "China will suspend approvals for new online games, says report")
Waking up the neighbours: Taliban's new govt will upset India, China, Iran
Hardliners in Kabul are all closely tied to Islamabad, have backed it on Kashmir dispute.
 "Waking up the neighbours: Taliban's new govt will upset India, China, Iran")
ONGC exploring purchase of woodside stake in Senegal oil field
State-owned ONGC is discussing acquiring an interest of 20% to 40% in the field, the people said, asking not to be identified as the matter is private
 "ONGC exploring purchase of woodside stake in Senegal oil field")
Anil Ambani's Reliance Infra wins $632 mn arbitration against Delhi Metro
The verdict is a crucial victory for Anil Ambani as his telecom firms are in bankruptcy and he is contesting a personal insolvency case.
 "Anil Ambani's Reliance Infra wins $632 mn arbitration against Delhi Metro")
China tells gaming firms Tencent, Netease to end 'solitary' focus on profit
Tencent, the country's largest gaming company, dived as much as 6.7%, on track for its biggest fall since July, while smaller rival Netease fell as much as 7.7%.
 "China tells gaming firms Tencent, Netease to end 'solitary' focus on profit")
'Happened rapidly': How a single Covid case rocked world's biggest carmaker
Toyota slashes output in September by 40%: a fallout of a series of disruptions that started when a worker at a supplier's plant in Vietnam tested positive for Covid.
 "'Happened rapidly': How a single Covid case rocked world's biggest carmaker")
Apple to let media apps avoid 30% fee from next year after global scrutiny
Companies like Netflix and Spotify Technology have long complained that Apple doesn't allow them to link to their web portals for users to sign up for their services
 "Apple to let media apps avoid 30% fee from next year after global scrutiny")
Tantrum fears fade as riskier EM bonds rise to defy taper talk
Fixed-income securities issued by South Africa, Turkey, Indonesia and India posted the biggest gains among 46 sovereign markets, returning at least 1.2% last month, excluding currency fluctuations
 "Tantrum fears fade as riskier EM bonds rise to defy taper talk")
Covid-19: Saudi Arabia now has the world's toughest vaccine rules
Few countries have imposed restrictions as tight as those in Saudi Arabia, where refusal to vaccinate can block shoppers from grocery stores
 "Covid-19: Saudi Arabia now has the world's toughest vaccine rules")
Rapid spread of Delta variant weighs on Asia's factories as PMIs drop
Vietnam's IHS Markit PMI fell to 40.2 from 45.1 in July, its third consecutive month of contraction and the lowest reading since April 2020
 "Rapid spread of Delta variant weighs on Asia's factories as PMIs drop")
Afghan crisis: Taliban will unveil govt with Akhundzada pulling strings
Consultations on forming an inclusive Afghan govt end in 'consensus'
 "Afghan crisis: Taliban will unveil govt with Akhundzada pulling strings")
OPEC+ sticks to agreed schedule for oil-production increases
Ministers ratified the 400,000 barrel-a-day supply hike scheduled for October after less than an hour of talks, one of the quickest meetings in recent memory
 "OPEC+ sticks to agreed schedule for oil-production increases")