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Moderna, BioNTech lose nearly $60 billion in value in two-day drop

The declines deepened Wednesday with Moderna closing 16% lower and BioNTech dropping 14% as trading volume picked up

Poland government passes contentious media law; defies US and EU

Parliament's lower chamber voted 228-216 late on Wednesday to approve the legislation, which ostensibly is designed to protect broadcasters from non-European takeovers

Decoded: Understanding the debate over coronavirus booster shots

US Centers for Disease Control and Prevention recommends that ad­ults receive boosters of the tetanus vaccine every dec­a­de

At 375,000, US initial unemployment claims drop for third week in a row

Continuing claims for state benefits fell to 2.9 million in the week ended July 31.

China's new regulation blueprint signals its crackdown will go on for years

The document said authorities would "actively" work on legislation in areas including national security, technology and monopolies

Edtech firm Eruditus nears $450-mn SoftBank-led funding, valued at $3.2 bn

Some existing shareholders are also offloading about $200 million stake

India set to clear Boeing 737 Max to fly again within days: Report

India, until recently the world's fastest growing aviation market, is increasingly key for global planemakers

Buying shorter debt is now a hot trade in India's bond market

Rising inflation is constraining the central bank from easing further even as the economy remains vulnerable following a deadly wave of coronavirus infections.

New York Times puts newsletters behind paywall to boost subscribers

The subscriber-only emails will be a mix of new and existing newsletters written by Times journalists and contributors in its news and opinion sections

New rich overtake old money of chaebol in Korea's billionaire rankings

Brian Kim, the founder of mobile-messaging app Kakao Corp., is the most prominent example with a fortune of $12.9 billion

Apple faces setback in bias case filed by ex-worker of Pakistani background

Anita Nariani Schulze's lawsuit says two of her former supervisors at the company were a Hindu Indian and a Muslim Pakistani.

Weary of corporate scandals, Indian fund managers outperform foreign rivals

An equal-weighted basket of Indian stocks with high domestic MF ownership and low foreign ownership outperforms a basket with the reverse profile.

Audi's latest concept is an EV that expands and contracts: Details here

Meanwhile Audi has committed €15 billion to electrification across its entire fleet

Amazon loses bid to halt New York's warehouse Covid-19 probe

The Seattle-based company had argued in the federal suit that James was investigating Amazon in bad faith

India's largest online pharmacy PharmEasy mulls $1 billion IPO: Report

The company, backed by TPG and Temasek Holdings Pte, is working with advisers on a potential offering

MGM Resorts is auctioning 11 Picassos worth as much as $104 million

The top lot is expected to be Picasso's 1938 painting Femme au Beret Rouge-Orange

Alibaba worker's desperate plea for help sparks #MeToo reckoning

The People's Daily, a mouthpiece for China's ruling Communist Party, has highlighted the incident as an example of why companies must pay more attention to culture the larger they grow

Singapore raises 2021 GDP estimate, now expects growth of 6%-7%

Among nine economists surveyed by Bloomberg who updated their Singapore GDP forecasts this month, six saw growth exceeding 6%.

Stricter emissions rules will hit car sales, says Maruti Suzuki chairman

Automakers last week urged the government to defer tougher emissions standards

Global banks unwind India currency trades worth billions after RBI warning

The issue in focus is a flurry of currency swap trades that involved the banks converting rupee-denominated deposits into dollars that were then used to buy foreign sovereign debt