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The 'metaverse' bet: Crypto-rich investors snap up virtual real estate

The work is a non-fungible token (NFT) - a new type of virtual asset that has its ownership status and authenticity verified by blockchain

ESR, GIC to buy Australian logistics property portfolio from Blackstone

Logistics real estate manager ESR Cayman Limited said it will join with Singaporean sovereign wealth fund GIC to buy an Australian portfolio from Blackstone for $2.9 billion

China's exports to North Korea spike to 6-month high in March: Details here

China's exports to North Korea in March rose to a six-month high, with outbound shipments to its neighbour that month nearly 400 times more than January-February combined

Volvo to provide cars for China-based Didi's self-driving test fleet

Volvo will provide XC90 SUVs equipped with backup steering and braking systems that DiDi Autonomous Driving will integrate with Didi Gemini, its new self-driving hardware platform

Japan firms brace for further hit amid fears of new wave of Covid-19

Japan has so far seen far fewer Covid-19 cases than many Western countries, but concerns about a new wave of infections are rising fast

Oil falls amid surging coronavirus infections in India, other countries

Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity

India may build new coal plants due to low cost despite climate change

Coal's contribution to electricity generation in India fell for the second straight year in 2020

Chip shortage casts shadow on China's auto industry recovery: Details here

Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China

China launches first class-action lawsuit in war against corporate fraud

The mechanism was introduced last year to bolster investor confidence

AstraZeneca could have Covid-19 vaccine against variant by 2021 end

Walters blamed challenges - including delivery delays for the AstraZeneca shot in the European Union - on the "complex process" of producing a vaccine

Wall Street Week Ahead: Tech retakes market lead as investors eye yields

One of the key drivers of the move in tech has been the Treasury market

US stops short of branding Vietnam, Switzerland currency manipulators

The Treasury report also said the COVID-19 crisis was likely to continue to affect current account positions over the next year

White House's secret weapon on US infrastructure: Small businesses

White House officials have held a spate of private briefings with small business leaders to explain Biden's more than $2 trillion-dollar plan

S&P 500, Dow hit record highs on earnings boost from big banks

Nine of the 11 S&P indexes were trading higher

Bitcoin tumbles after Turkey bans cryptocurrency payments citing risks

The decision could stall Turkey's crypto market

Google misled consumers over data collection: Australian watchdog

A setting to control web and application activity, when turned on, also enabled Google to collect, store and use the data and was turned on by default on the devices

Gold prices hit seven-week peak as retreating US yields boost appeal

Benchmark U.S. bond yields hovered near a one-month low hit in the previous session, while the dollar edged lower against its rivals.

Morgan Stanley profit blows past estimates, flags $900-mn loss on Archegos

Net revenue jumped 61% to $15.72 billion.

Scandal-hit Toshiba bid to test Japan's corporate governance rules

Toshiba has been hit by a succession of accounting and other scandals

China's GDP hits record growth but post-Covid recovery seen losing steam

China's rebound has been led by exports as factories raced to fill overseas orders