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Google employees who WFH could lose money; FB, Twitter also cut pay

It is an experiment taking place across Silicon Valley, which often sets trends for other large employers

SoftBank pauses China investing as tech crackdown roils portfolio

SoftBank to wait and see on China, says Chief Executive Masayoshi Son

Indian rupee slips to near two-week low on US Fed taper talk

The Indian rupee weakened on Tuesday to its lowest level in almost two weeks, in line with other Asian currencies

US Treasury yields extend rising run on Federal Reserve's taper talk

The dollar also scaled a four-month high versus the euro

China anti-graft body criticizes business drinking after Alibaba scandal

On Sunday, a female Alibaba staffer alleged that she was sexually assaulted by her manager and a client while on a business trip.

Dollar hits 4-month high against euro on Federal Reserve's taper talk

The 10-year Treasury yield rose to as high as 1.336% in London trade, its highest in more than three weeks.

Oil recovers from three-week low amid surge in Delta variant infections

(Refiles to add dropped number in second paragraph - $67.47, not $7.47)

SoftBank's Vision Fund posts $2 bn Q1 profit, share weakness casts shadow

China regulatory action has hit valuations, but sees further upside from listing of Paytm, Policybazaar

Apple says photos in iCloud will be checked by child abuse detection system

Apple Inc on Monday said that iPhone users' entire photo libraries will be checked for known child abuse images if they are stored in the online iCloud service

Oil prices slide to 3-week low on China's virus curbs, strong dollar

A United Nations panel's dire warning on climate change added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suffered deadly floods last month

China central bank to keep monetary policy 'flexible and appropriate'

In its second-quarter monetary policy implementation report, the People's Bank of China said it would keep liquidity reasonably ample

BioNTech says Covid-19 vaccine repeats beat devising new one for now

The German biotech firm said that offering a third dose of its established two-shot vaccine remained the best response to concerns over waning immune protection

India's fuel demand rose 7.9% y-o-y in July at 16.83 million tonnes

Consumption of fuel, a proxy for oil demand, totalled 16.83 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed

BioNTech says has supplied more than 1 billion Covid vaccine doses so far

BioNTech and partner Pfizer have supplied more than one billion doses of their vaccine as per July 21, a bigger number than delivered by competitor AstraZeneca the German biotech Group said

SoftBank-backed Oyo shortlists 3 investment banks for $1.2-bn IPO: Report

The hotel aggregator, in which SoftBank owns a 46% stake and is one of its biggest bets, has endured months of layoffs, cost cuts and losses during the global health crisis

India considering sharp import tax cuts on EVs after Tesla lobbying: Report

For imported EVs with a value of less than $40,000, the govt is discussing slashing the tax rate to 40% from 60% presently, say officials aware of the development

Sunflower oil imports could jump to record as prices dip below soyoil

India is the world's biggest importer of edible oils and higher purchases of sunflower oil could help exporters such as Argentina, Russia and Ukraine to dispose of surplus output.

Oil prices drop 4% on China's Covid restrictions and climate warning

Brent crude futures fell by $2.82, or 4.2%, to $67.88 a barrel by 0930 GMT after a 6% slump last week for their biggest weekly loss in four months.

Private equity firms revise China strategy as regulatory crackdown widens

Private equity and venture capital funds are pivoting away from data-heavy, consumer-facing internet companies to sectors including semiconductors and renewable energy, industry executives said

Saudi Arabia's economy returns to growth after pandemic slump

The data, which showed the economy growing 1.5% from a year ago, prompted economists to expect faster expansion in the second half of the year with the oil sector benefiting from higher output.