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Suez Canal stays blocked despite efforts to dislodge massive container ship

The incident has left dozens of vessels gridlocked as they attempted to transit between the Red Sea and Mediterranean

Adar Poonawalla rents London mansion for $69,000 a week, says report

The mansion is one of the largest residences in the neighborhood and measures about 25,000 square feet (2,322 square meters), the equivalent of about 24 average English homes

Millions of millennials are piling into India's stock market, shows data

Active investor accounts rose by a record 10.4 million in 2020, according to the data from the country's two main depositories

Prestige Estates to take over $1.4-billion project from bankrupt firm

The court-appointed insolvency resolution professional Jayesh Sanghrajka declined to comment when reached by phone

Oil rises after Suez Canal blockage, strong European data

Crude was bolstered by positive economic data as Europe posted a record increase in factory output

Govt likely to resume bankruptcy filings as halt set to end on March 25

Modi govt last year halted the process of initiating most fresh insolvency proceedings to insulate cash-strapped borrowers hit by the pandemic

Suez Canal snarled with giant ship stuck sideways in top trade artery

At 400 meters in length, the vessel that was built in Japan about three years ago is longer than the Eiffel Tower laid on its side

World's biggest automakers suspend operations as chip supplies dry up

"Production is really vulnerable right now," Bloomberg Intelligence auto-industry analyst Tatsuo Yoshida said. "Any kind of abnormal occurrence causes parts to run out"

Why Coronavirus may become our permanent enemy like the flu, but worse

Most epidemics disappear once populations achieve herd immunity and the pathogen has too few vulnerable bodies available as hosts for its self-propagation

No dearth of liquidity, but RBI sees little demand for govt bonds

Indian govt bonds are the "good stuff" and must sell. It's the only way tax-strapped authorities can raise money and spend it to shake the economy out of its Covid-19 stupor

Phasing out coal for power holds key to India's net-zero goal by 2050

Under pressure to commit to a net-zero target before climate change talks in Glasgow in November, the world's third-biggest emitter of greenhouse gases has been considering a 2050 deadline

Oil tumbles with bearish market structure showing weak demand concern

Futures in New York and London fell as much as 5 per cent, with the prompt spread on both flipping into contango

Bosses are clueless that workers miserable and looking to leave: Survey

A total of 46 per cent of respondents said they are planning to move to a new location this year

'Shameful' sex acts filmed in Australia's parliament rock Morrison govt

Support for Morrison's government fell to a 13-month low in the latest Newspoll published March 15

Microsoft Corp in talks to acquire Discord for more than $10 billion

Discord has been talking to potential buyers and software giant Microsoft is in the running, but no deal is imminent

Angela Merkel imposes Easter lockdown, extends curbs in German setback

In the radical Easter shutdown - one of the toughest in Germany since the start of the pandemic - all stores will be shuttered from April 1 for five days

India's rising coronavirus cases risk denting recovery out of recession

India's jobless rate, as calculated by think-tank Centre for Monitoring Indian Economy Pvt., inched up to 6.9% in February from 6.5% in January

AstraZeneca US trial shows 79% efficacy against Covid-19 pandemic

Trial found no increased risk of blood clots

China in $1.5-billion swap deal as Sri Lanka seeks to shun IMF

The Central Bank of Sri Lanka is entitled to a 10 billion yuan ($1.5 billion) swap facility from the People's Bank of China, Sri Lanka's monetary authority said in a statement Monday

Negative yield quoted for first time on Indian bond thanks to error

A bank placed a wrong price quote, which led to a negative yield as the paper was nearing maturity