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China takes yuan global in bid to repel weaponised dollar's impact on money

Antagonism has flared between the two economic titans over issues ranging from trade and Taiwan to TikTok and technological know-how

EV ride-hailing startup BluSmart Mobility raises $42 mn from BP, others

Investors include BP Ventures, the investment arm of energy giant BP Plc that holds 20% equity

Pratt & Whitney's engine woes cost Go Air 47 years worth of flying time

Go Airlines was re-branded Go First ahead of a planned 36 billion rupee ($440 million) initial share sale last year

A torrid summer, rise in power demand risks stalling Asia's climate goals

It's the expectation of a torrid summer that has sent coal stockpiles in Asia's biggest economies soaring in recent months - and sooner or later, all that carbon is going to end up getting burned

Fierce war to bag AI talent shifts to India with salaries being doubled

An AI hiring frenzy is ricocheting around the world, from Silicon Valley to Europe, Asia and beyond

Siemens Energy weighs sale of electrical components maker Trench

Siemens Energy is analyzing how to improve the long-term profitability and competitiveness of its bushings, instrument transformers and coils business, according to a spokesperson

Twitter makes second interest payment on Elon Musk's buyout debt

Twitter, which no longer has a team handling media queries, didn't specifically respond to an emailed request for comment

Biden admin looks past India's rights record as China worries deepen

Rising concerns about China's growing assertiveness under Xi Jinping have helped drive the US and India even closer together

Goldman Sachs Group Inc names Kim Posnett as global head of TMT

Former TMT co-head Sam Britton will become a co-chairman of the unit, according to the memo. Britton's co-head Matt Gibson moved to a key role in asset management earlier this year

Bhutan plans $500-mn fund for cryptocurrency mining in the Himalayas

Forest-laden Bhutan, sandwiched between China and India, has a population of about 777,000 and has long sought to diversify an economy reliant on hydropower revenues

Airbus reports a drop in first-quarter profit, sales on slow deliveries

The world's largest planemaker has struggled to meet soaring demand for aircraft as travel rebounds from the Covid-19 pandemic

Engine trouble grounds third of Airbus A220 fleet in Zurich, says Lufthansa

The idling of the narrow-body aircraft is on top of three other "brand new" aircraft with Pratt engines that are also down

Downed drone that tried to attack Putin's residence, says Russia

The drones were disabled and crashed in the Kremlin without causing injuries or damage, the Kremlin said in a statement

China financial data providers stop sharing key corporate information

Investors operating in China are facing a more challenging environment despite Beijing's push to improve ties globally

As war jams food supply, hunger now grips quarter of a billion globally

Some 258 million people across 58 countries or territories suffered food insecurity acute enough to threaten their lives or livelihoods in 2022

Indian Oil Corp plans green jet fuel plant worth $10 bn to meet demand

The International Civil Aviation Organization last year adopted a target to cut emissions to net zero by 2050, and SAF has long been seen as the industry's fastest way to reduce emissions

Times Group owners initiate talks with financiers as firm's partition looms

The funding lines being discussed will be backed by the group's assets and its cash flows, according to the report

Despite it's economic, political troubles, here's why Britain needs a king

Unexpectedly, he seems to offer at least the possibility of following his mother as a bastion of stability in a nation that is suffering a protracted crisis of self-confidence

China to avoid stimulus injection to boost post-Covid economy: Macquarie

"China's economic experience after abandoning Covid Zero restrictions is following a similar trajectory to that of western economies when they reopened"

Former SVB chief Greg Becker set to testify to Senate on bank collapses

Scott Shay and Eric Howell, the former chair and president of Signature Bank, which also failed in March, are to appear on May 16