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Delta variant's spread in Nanjing tests China's Covid containment efforts

An outbreak that started at an airport in the eastern Chinese city of Nanjing is testing that country's zero-tolerance measures, which are some of the most sweeping and comprehensive in the world

Mark Zuckerberg says Facebook's future lies in virtual 'metaverse'

On Monday, Facebook announced a standalone product group internally tasked with building out this vision

ArcelorMittal boosts steel outlook as it sees best quarter in 13 years

Steel has surged over the past 12 months, joining a wider commodities boom as producers struggled to meet an unexpectedly strong rebound in demand from the construction and manufacturing industries.

Credit Suisse Q2 profit misses estimates as bank pares risk after scandals

Net income tumbled 78% from a year earlier

Beauty startup Nykaa seeks $4 billion valuation in IPO, says report

Company is aiming to file its draft red herring prospectus within the next few days

Delta variant's spread challenges most stringent Covid containment zones

An outbreak that started at an airport in the eastern Chinese city of Nanjing is testing that country's zero-tolerance measures, which are some of the most sweeping and comprehensive in the world

India's inflation could go past RBI target rest of 2021, say report

Forecasts for gross domestic product were raised to a 9.2% expansion in the fiscal year ending March 2022, from the previous 9%, while the gross value added outlook edged down slightly to 9%.

India's economic recovery stumbles, setting stage for sustained low rates

A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity

Tencent becomes world's worst stock bet with $170 billion wipeout

The firm is one of the key casualties of an official campaign that targets tech behemoths considered a potential threat to China's data security.

Robinhood banks on its traders' allegiance in IPO like no other

Robinhood will reserve up to 35% of shares for its app users at the pre-trading range of $38 to $42 apiece

'I can die': Olympic athletes struggle with Tokyo's sweltering heat

Earlier on Friday, Russian archer fainted as Tokyo's temperatures climbed to as high as 34 degrees C

Tether, Facebook coin spur worry at Janet Yellen's closed-door meeting

Yellen urged agency heads at the July 19 meeting to "act quickly" to ensure stablecoins face appropriate rules

Wall Street's IPO fee machine under threat after regulatory scrutiny

The heavier deal flow has provided an uptick in fees to the banks

China govt targets mobile pop-ups in latest crackdown on tech sector

Pop-ups, often used for advertising, are just the latest targets in a series of government crackdowns that have ranged from antitrust to data security

Record quarter by Apple, Alphabet, Microsoft gives way to growth scepticism

The world's largest tech companies have gotten larger at a torrid rate

Pfizer raises sales forecast for Covid vaccine by almost a third to $33 bn

The New York drugmaker had previously projected vaccine sales for the year of $26 billion.

Oil prices climb as US crude supplies tumble in peak demand season

Futures rose as much as 1.3 per cent in New York on Wednesday

Inflation comes for aluminum, as the everywhere metal surges

Demand is set to surge on the back of climate-change investment

Fed says progress made toward conditions for tapering bond buys

Any move to shrink policy support will be based on progress on the Fed's goals for jobs and inflation

Billionaire investor Rakesh Jhunjhunwala eyes 70 aircraft in 4 years

To invest Rs 260 crore for a 40% stake in low-cost airline