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China plans on curbing monopoly in online payments may hit Ant, Tencent

China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co. and its biggest rival Tencent Holdings

Indonesia to cut foreign ownership curbs to add jobs, lure funds

The list of industries limited to foreign investment has been cut to just 48, from more than 300, according to a draft of the presidential decree.

China plans online payment rules that may hit Ant Group, Tencent

The rules present the strongest and most detailed message yet of regulators' plans to curb monopolistic practices in the online payments industry

Jack Ma ends silence, prompts $58-billion sigh of relief by investors

Much about the future of China's most famous businessman remains unclear

On Day 1, Biden to undo Trump's Muslim travel ban, Mexico border wall

The new president's mask mandate will require face coverings and physical distancing for everyone in federal buildings and on federal lands

End of Netflix's cash bonfires in sight as it nears turning profitable

Netflix stunned investors Tuesday by announcing that it's "very close" to becoming a true cash-flow-generating company and that it no longer needs to borrow to finance its day-to-day operations

UK, Belgium among nations seeking cheaper India-made coronavirus vaccines

Serum, the world's largest producer of vaccines by volume, can ship out the Astra vaccine priced between $5-10 per dose

Pfizer-BioNTech shot may neutralise mutating coronavirus, study shows

The new research tested all 10 mutations located on the virus's spike protein, which helps it bind to cells in the host

Jack Ma emerges for first time in months since crackdown on Ant, Alibaba

Speculation about Ma's whereabouts and his standing with President Xi Jinping's government had reached a fever pitch in recent weeks

De Beers implements biggest diamonds price increase of 5% in years

The diamond industry has surprised many by the speed of its recovery after being brought to a complete standstill in the first half of last year

Covid-19 pandemic could be source of global crises for years: WEF

The WEF said most countries struggled with crisis management during the pandemic, despite some remarkable examples of determination and cooperation

Janet Yellen faces Senate to sell $1.9 trillion stimulus package

The Senate Finance Committee's 10 am hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes

Brent oil rises on weaker dollar though IEA cuts demand outlook

Consumption in the first quarter of 2021 will be 600,000 barrels a day lower than previously thought, the agency said as the coronavirus outbreak continues to impede people's movements

PVR in talks with producers to release films in theatres as virus eases

The country's biggest cinema operator, which runs about 835 screens across 71 cities, is currently operating most theaters at half capacity due to Covid-related restrictions

Bill Gates-led fund raises another $1 billion to invest in clean tech

Created in 2016, BEV began funding startups just as the second wave of clean-tech investments was gaining momentum

Trump leaves Washington an outcast, trailed by pandemic, joblessness

Biden will arrive in Washington on Tuesday, where Trump isn't expected to give him a meeting, according to people familiar with the matter

The rich are minting money in Covid-19 pandemic like never before

For them, not only has it been relatively easy to carry out their white-collar jobs from home

Malaysia unveils $3.7 billion package as Covid-19 pandemic cases surge

The measures come a week after Malaysia declared a state of emergency, allowing the government to enact immediate laws to contain the pandemic and support the economy

BT Group 'overcharged' customers, faces $815-million lawsuit: Report

Each of 2.3 million customers could be compensated £500

China GDP grows 2.3% in 2020, back to pre-Covid pandemic trajectory

GDP rises 6.5% in fourth quarter, even as other big economies struggle