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ECB trims Covid-19 pandemic support but insists there's 'no tapering'

The ECB did so by slowing the pace of its Pandemic Emergency Purchase Programme (PEPP), which has kept borrowing costs low as governments took on unprecedented amounts of debt

Facebook is developing a machine learning chip, says report

The company has developed another chip for video transcoding to improve the experience of watching recorded and live-streamed videos on its apps, according to the report

Oil steady; US gasoline demand offsets China move to tap oil stocks

Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic refiners and a smaller than expected US weekly crude draw

Investors betting on 'stable' choice of renomination of Powell as Fed chair

Wall Street is widely expecting that Powell, who was nominated for the role by President Donald Trump in 2017, will be renominated by President Joe Biden for another four-year stint.

Euro inches higher ahead of expected reduction in ECB's bond buying

The ECB holds a policy meeting on Thursday at which it is expected to announce a trimming of the pace of its asset purchases

Remote learning setting back millions of children in South Asia: UNICEF

In India, 80% of children aged 14-18 reported lower levels of learning than when physically at school

Indian shares muted as energy stocks offset tech, financial losses

Indian shares were unchanged on Thursday as gains in the energy sector offset losses in some technology and financial stocks

Gold steady as investors await US jobs data to gauge Fed's taper path

Spot gold was little changed at $1,814.58 per ounce by 0646 GMT, while U.S. gold futures traded flat at $1,816.50.

ByteDance says it will downsize fintech biz, plans to sell stock broker ops

ByteDance, the owner of TikTok, said it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the fintech sector

Carmaker Mahindra warns of 20% dip in production due to chip shortage

Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages

Oil prices drop after OPEC+ reaffirms supply return as demand wavers

Oil prices fell after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many US refiners remained offline

Taliban preparing to reveal new Afghan govt amid economic turmoil

The Islamist movement's supreme leader, Haibatullah Akhundzada, is expected to have ultimate power over a governing council, with a president below him, a senior Taliban official said last month

US jobs miss pushes dollar to multi-week lows as traders wait on payrolls

The dollar loitered around multi-week lows on Thursday, pressured by softer-than-expected US labour data as traders awaited a fuller jobs readout

US SEC charges BitConnect founder Satish Kumbhani with $2 bn crypto fraud

US Securities and Exchange Commission charged BitConnect founder Satish Kumbhani, an Indian citizen, with lying about BitConnect's ability to generate profits

Twitter launches subscription-based feature 'super follows' for iOS users

People in the US and Canada using iOS can super follow a select group of people within the United States

Launching into space? Not so fast. Insurers baulk at new coverage

The insurance dilemma underlines a greater problem: no one is cleaning up the mess in space

Didi, JD.com workers get unions in watershed moment for China's tech sector

Regulators in China have come down hard on its biggest technology firms this year

Chinese state firms to take big stake in Ant's credit-scoring JV

The plan would represent one of the most prominent outcomes of a govt push for state-backed firms to exert more control and influence

With Kabul airport closed, fearful Afghans rush for the border

The Taliban is talking with Qatar and Turkey over how to run Kabul's airport, French Foreign Minister Jean-Yves Le Drian said

India asks utilities to import coal amid short supply as demand spikes

By Sudarshan Varadhan