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Reddit to raise up to $700 million at over $10 billion valuation

In the ongoing round, it has already raised $410 million from Fidelity

OPEC sticks to oil demand view despite virus, sees more US shale coming

The OPEC in a monthly report also raised its forecast of supply from rivals, including US shale producers, next year, a potential headwind for the efforts of the group and allies to balance the market

Crude oil prices steady as IEA warns of slowdown in demand recovery

Brent crude futures was down 26 cents, or 0.36%, at $71.18 a barrel by 11212 GMT, after earlier rising to a session-high of $71.90.

Over half of crypto tokens stolen in $610 mn hack now returned: Report

Poly Network, which allows users to transfer or swap tokens across different blockchains, said on Tuesday it had been hit by the cyberheists, urging the culprits to return the stolen funds.

Facebook may have to unwind $400-mn Giphy deal on UK's competition concerns

Facebook, the world's largest social media company, bought Giphy, a website for making and sharing animated images, or GIFs, in May last year to integrate it with its photo-sharing app, Instagram

Foxconn says watching for impact from worsening Covid-19 in Asia

For the Taiwanese company, demand for smartphones has been the main driver of record high net profit and revenue in the first half of the year, Chief Financial Officer David Huang said

Foxconn's Q2 profit beats estimates as pandemic drives tech demand

Taiwan's Foxconn reported a better-than expected quarterly profit on Thursday due to strong demand for technology products from clients, such as Apple Inc

Spread of Covid-19 Delta variant knocks oil demand outlook: IEA

Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to the spread of the COVID-19 Delta variant, the International Energy Agency said

Lionel Messi's Paris St Germain package includes crypto fan tokens

Messi, 34, left Spanish side Barcelona and signed a two-year contract with Paris St Germain (PSG), with an option for a third year, on Tuesday

India gets below-average monsoon rains for second straight week: IMD

Poor rain could lead to lower crop yields this year, especially in crops like soybean, cotton and pulses: Expert

US lawmakers introduce bill to rein in Apple, Google app stores

The bill won praise from Spotify, Epic and Tile. Tile, which makes tags to find lost objects, complained earlier this year about Apple launching a rival product

Indian shares rise on energy gains; investors focus on inflation data

Indian shares opened slightly higher on Thursday, driven by energy shares, with investors eyeing domestic retail inflation data for July due later in the day.

Asian shares fall as Delta variant fears eclipse Wall Street uptick

That data also caused dollar to retreat against most major currencies and U.S. Treasury yields to edge down overnight though both were steadier in Asian hours

China investors turn to renewables, chips, to avoid regulators' attention

China indexes of clean energy stocks and semiconductor firms are up more than 30% compared with a 5% fall in the broader market and a 15% drop in Hong Kong tech shares

Oil prices steady after US call for more oil raises supply concerns

By Jessica Jaganathan

Global stocks hit record highs as Federal Reserve's tapering concerns ease

Global shares hit record highs Wednesday after data showed US consumer price increases slowed in July, easing concerns that the Federal Reserve will imminently signal a scaling back of bond purchases

Heathrow reports busiest month since March 2020 as travel recovery begins

Heathrow also called on Britain and the US to reach an agreement to allow Britons to travel to the US

Oil rebounds after White House says not calling for US output hike

Oil gained Wednesday, changing course after Biden administration said it would not call on US producers to increase crude output, and that efforts to increase OPEC production were a longer-range plan

Hackers return $260 million to cryptocurrency platform after massive theft

Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of about $600 million in digital coins they stole, blockchain researchers said

US lawmakers introduce bill to rein in Apple, Google app stores

A bipartisan trio of senators introduced a bill that would rein in app stores of companies they said exert too much market control, including Apple Inc and Alphabet Inc's Google