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China plans to break up Ant's Alipay, force creation of separate loans app

Beijing wants to break up Alipay and create a separate app for the company's highly profitable loans business, the Financial Times reported on Sunday.

Oil climbs to one-week high on US supply concerns, Brent crude up 0.7%

Brent crude rose 48 cents, or 0.7% to $73.40 a barrel, and U.S. West Texas Intermediate (WTI) crude also added 49 cents, or 0.7%, to $70.21 a barrel

Sydney Airport sale a step closer after improved $17.4 billion offer

The move sent the airport's shares up 5%, with analysts saying a rival bid appeared unlikely given the scale of the funding needed and foreign ownership rules

Japan's wholesale inflation hovers near 13-yr high as material costs rise

The corporate goods price index, which measures the price companies charge each other for their goods and services, rose 5.5% in August from a year earlier

Vaccine passports ditched in UK's new plan to manage Covid-19 pandemic

Health Minister Sajid Javid said he did not anticipate more lockdowns and that the vaccine passports would not be introduced in England, as the government depends instead on vaccines and testing

Japan's vaccines minister Taro Kono leads opinion poll on succeeding Suga

Kono had 27% support in the poll by the Nikkei newspaper and TV Tokyo that asked who would be "the right person" to lead the party and become the next prime minister

China tells Alibaba, Tencent to open platforms up to each other: Report

China's industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings Ltd to stop blocking each other's website links from their platforms: report

India cuts import taxes on palm oil, sunflower oil to calm prices

India has cut base import taxes on palm oil, soyoil and sunflower oil, a government order showed, as the world's biggest vegetable oil buyer tries to cool near-record price rises

ArcelorMittal to triple iron ore production, invest $800 mn in Liberia

ArcelorMittal signed an agreement to stay for at least 25 more years in Liberia, where it will at least triple its iron ore production and invest an additional $800 million

Epic's win in App Store case toughens fight against Google Play rules

Developers including 'Fortnite' maker Epic Games in the last year took aim at the two biggest mobile app stores, run by Apple and Google

UAE lifts entry ban for vaccinated residents of India, some other countries

Countries from which residents can fly into the UAE from Sept. 12 are: India, Pakistan, Bangladesh, Nepal, Sri Lanka, Vietnam, Namibia, Zambia among others

Sri Lanka's central bank governor Lakshman resigns amid reserves crisis

Sri Lanka did not immediately announce a successor to Lakshman, who took up the post in December 2019. The government said he would step down on Tuesday

Oil rallies to $73 on tight US supplies due to Ida, Biden-Xi call

Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as US-China trade hopes gave riskier assets a boost

Toyota Motor cuts production target by 3% on parts and chips shortages

Toyota Motor Corp cut its annual production target by 300,000 vehicles on Friday as rising Covid slowed output at parts factories in Vietnam and Malaysia, compounding a global shortage of auto chips.

Gold price bounces over $1,800 on growth risks, but bound for weekly dip

Gold continues to remain a buy on dips because central banks are in no hurry to raise interest rates

Oil recovers as tight US supplies offset China reserves sale plan

By Florence Tan and Sonali Paul

Biden, Xi speak for first time since Feb, agree to avoid conflict

A White House statement said the two leaders had 'a broad, strategic discussion'

Toyota cuts annual car production target on parts and chips shortages

The Japanese car maker now expects to build 9 million vehicles in the year to March 31, rather than 9.3 million

Google's voice assistant under new EU antitrust investigation: Report

A fresh EU antitrust case could expose Alphabet Inc's Google to a fine as much as 10% of its global turnover

Gaming giants lose $60 billion on China's sermon against profit

Regulators slow down nod for new online games; warning against metaverse stocks, too