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Tens of millions on the fringes sink into poverty as Covid wrecks India

The government estimates India's gross domestic product shrank 8 per cent in the year ended March, its biggest contraction since 1952

Iron ore turns 'very hot' as 10% surge adds to commodities boom

Copper remains a favorite long wager in the commodities complex

Mumbai seeks to import millions of vaccines to avert next Covid wave

Mumbai is open to any approved vaccine -- be it Russia's Sputnik, ones from Moderna Inc. and Johnson & Johnson, or the formula from Pfizer

Inflation debate hits emerging markets as Pimco backs economic rebound

Heavyweights including Brazil, China and India will report inflation data this week against a backdrop of quickening growth that's being fueled by months of easy money and fiscal largess

Investors brace for market fallout as most of India's states lock down

Rising Covid-19 cases force reassessment among investors who had hoped that less-severe curbs.

Facebook rules are internally inconsistent, says oversight board leader

Michael McConnell's comments follow panel's decision to leave in place a ban on Donald Trump for his posts surrounding the storming of the US Capitol.

Rupee gains under siege as coronavirus health crisis fuels lockdown fears

Prospect of stricter curbs is threatening to weaken the currency, which is among Asia's top three performers this month

Time for India to rethink health insurance as Covid rips apart safety nets

Insurance plan launched two years ago to help over 107 million people hasn't improved access to health care, say Duke University researchers.

ByteDance hires thousands to challenge e-commerce king Alibaba

A burgeoning e-commerce business could help the firm surpass its $250 billion valuation when it goes public, countering concerns around Beijing's crackdown on the country's internet behemoths

Debris of China's disintegrating Long March rocket falls into Indian Ocean

Pieces of the Long March 5B rocket re-entered the atmosphere at 10:24 a.m. Sunday local time and plunged into the sea at around 72.47 degrees east longitude and 2.65 degrees north latitude

Personality traits that help coping with lockdown in Covid easier now clear

The more conscientious people were, the less anxious and depressed when stuck at home.

Driverless taxis to cancer drugs: Google's moonshots are serious business

Alphabet could be underinvesting in the sustainability of its prosperous main business while overinvesting in adventurous sidelines.

EU seals deal with Pfizer for as many as 1.8 billion vaccine doses

The contract is for a guaranteed 900 million shots, with an option for a further 900 million

Covid-19: Depleting savings, falling incomes leave millions poor in India

Many economists are cutting their forecasts for the current fiscal year as rising unemployment and dwindling savings dim the chances of a double-digit growth

Govt gives bidders data access for $7-billion Bharat Petroleum Sale

The government's 53% stake in the refiner is valued at about Rs 50,900 crore based on Friday's closing price

Pakistan to spend 'bare minimum' $6 billion to boost economic growth

The government's GDP target for next year is a percentage point higher than the IMF's 4% projection, and FM Tarin is seeking to boost growth to 6% in the year after

Wall Street giants get swept up by India's brutal coronavirus wave

India's total coronavirus infections have risen to 21.5 million, of which about a third were added since mid-April

Copper jumps to fresh all-time high as growth bets supercharge commodities

Yet, while the biggest miners are universally bullish on the outlook for copper, there are few new projects on the horizon, constraining future supply.

Pakistan to spend 'bare minimum' $6 bn to boost growth: Finance Minister

Pakistan plans to boost spending on large infrastructure projects by as much as 40% to create jobs and foster productivity in an economy crippled by the coronavirus pandemic, Finance Minister Shaukat.

Wall Street giants' outsourcing ops in India suffer as workers call in sick

A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends