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Hong Kong police ban annual march on July 1 amid tension over security law

The march planned for the July 1 anniversary of Hong Kong's return to Chinese sovereignty is against the city's social distancing rules and may cause violence, the police said

Microsoft to close retail stores permanently, take $450-million hit

Microsoft closed its 83 stores, most of which are in the US, in late March due to the Covid-19 pandemic

SoftBank Group founder Masayoshi Son and Alibaba's Jack Ma part ways

"It's not like we had a fight," Son said during the virtual shareholder meeting. "This was perfectly amicable."

Delisting spree: Investors in India betting on which companies will be next

In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares amid the coronavirus-induced sell-off in stocks

Covid-19: Singapore Airlines may grab Emirates, Etihad traffic in India

The advantage for Singapore Airlines will come from the fact that India doesn't allow foreign airlines to directly fly passengers to a third country.

First copies of Gilead coronavirus drug to start selling in Bangladesh

The Dhaka-based Beximco, which counts Norges Bank as one of its investors, will sell remdesivir for about 6,000 taka ($71) a vial to private clinics but will give it free to state-run hospitals

TikTok owner's valuation exceeds $100 billion in private markets: Report

Stock in world's most valuable start-up has changed hands recently at a price that suggests its value has risen more than 33 per cent from about $75 billion during a major round of funding 2 years ago

Secret behind stellar performance of India's oldest, smallest quant fund

Even as profit expectations got smashed due to the pandemic, the Nippon India funds model fared better as it didn't have earnings estimates in its quantitative model

Covid-19 crisis: Warren Buffett cuts crisis-era bet on Goldman Sachs

Berkshire Hathaway sold 84 per cent of its Goldman Sachs stock in the first quarter, marking a reversal for an investor who generally holds large stakes in the banking sector.

India's Covid-19 cases rising at fastest pace in Asia as govt eases curbs

India is now among the nations worst hit by the epidemic, with a 28 per cent increase in cases since last week according to Bloomberg's Coronavirus Tracker.

Facebook takes on Amazon with online shopping, commerce venture Shops

The Facebook chief executive officer announced a handful of updates Tuesday signaling the company's commitment to online shopping and commerce

Uber cuts 3,000 more jobs, closes offices amid coronavirus outbreak

Combined with the 3,700 employees in customer support and human resources, Uber dismissed earlier this month, the cuts now total about 25% of the total workforce. A spokesman said more cuts could come

Oil at 2-month high on Chinese demand rebound, Covid-19 vaccine hope

Futures in New York climbed as much as 13.2% on Monday. Chinese oil use is at 13 million barrels a day

SoftBank Vision Fund posts $17.7 billion loss on WeWork, Uber Technologies

Takes hit after writing down the value of investments in WeWork, Uber and others; plans to double buybacks

Here are a few stories of how Ebola helped Africa prepare for coronavirus

Ebola prompted the World Health Organization to change its emergency response structure, rapid laboratory testing and changing the design of treatment centres

Sitharaman launches two exchanges to take on offshore currency market

The launch comes amid the world's most expansive coronavirus lockdown, which has crippled businesses and hurt trading volumes in the country's financial markets.

Making an unloved car cool again with death-defying driving skill

Stunt driver Ken Block's rabid following might take a cue from his next automotive muse, Ford's Fox-Body Mustang, writes Hannah Elliot

Reliance Industries considers sale of $989-million Asian Paints stake

The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades

China's exports up 3.5% in April despite coronavirus hitting demand

Economists had forecast that exports would shrink by 11% while imports would contract by 10%.

Covid-19 impact: India looks to lure more than 1,000 US firms out of China

In talks with Medtronic and Abbott on relocating units