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World Bank chief expects G20 to extend debt payment freeze through end-2021

The G20 Debt Service Suspension Initiative (DSSI) has already helped countries defer some $5.7 billion in payments through the end of 2020

Biden says no evidence higher corporation taxes will drive companies abroad

President Joe Biden defended his proposal to raise corporate taxes to help pay for his infrastructure spending plans

Indian refiners deepen cuts to Saudi oil purchases, to buy 36% less in May

Energy relations between India, the world's third biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked

GameStop's shares tank 12% after it plans a $1 billion stock sale

At Thursday's closing price of $191.45, the "at-the-market" sale could fetch GameStop up to $670 million

Tesla's market value set to gain $50 billion on record EV deliveries

The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.

UK eyes coronavirus tests twice a week for all as economy reopens

New mass testing programme would break the chain of transmissions and spot cases without symptoms, says PM

Singapore will be first to accept Covid-19 digital travel passes

Over 20 carriers, including Emirates, Qatar Airways and Malaysia Airlines, are also testing the pass.

US Supreme Court sides with Google in major copyright dispute with Oracle

Google had appealed a 2018 ruling by the US Court of Appeals for the Federal Circuit in Washington reviving the suit.

LG Electronics to end production, sales of its loss-making smartphone biz

The division is the smallest of LG's five divisions, accounting for just 7.4% of revenue in the fourth quarter

Cryptocurrency market cap hits record $2 trn; bitcoin's at $1.1 trn

The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio

British PM Johnson to unveil international travel plan amid Covid-19

Johnson has already announced a staggered plan to ease coronavirus restrictions in the months ahead

Carl Icahn's investment firm appoints former GE dealmaker as CEO

Icahn Enterprises has market capitalisation of more than $13 billion and investments in energy, metals and real estate, among others

Oil prices drop below $64 as rising OPEC+, Iranian output weighs

Oil has recovered from historic lows last year with the support of record OPEC+ cuts, most of which will remain after July

S&P 500, Dow at all-time highs after strong jobs data; Nasdaq rises 110 pts

Ten of the 11 major S&P sectors rose, with consumer discretionary, industrials, financials and communication services leading gains

Illegal content row: Russia extends punitive Twitter slowdown until May 15

Russia said on Monday it would extend a punitive slowdown of Twitter until May 15 though it acknowledged the US social media company had speeded up deletion of banned content

Malaysia's ex-PM Najib starts appeal against 1MDB conviction, jail sentence

Malaysia's Court of Appeal began hearing a bid by ex Prime Minister Najib Razak to set aside his conviction on corruption charges in a case linked to a multi-billion dollar scandal at state fund 1MDB

Oil price slips to $64 as rising OPEC+ supply, Iranian output weighs

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. Iran is also boosting supply

Gold prices slip as strong US jobs data boosts dollar, bond yields

Spot gold was down 0.1% to $1,726.36 per ounce by 0733 GMT. Gold futures were flat at $11,762.40 per ounce

India's less industrialised states lead electricity demand recovery

Power use in less industrialised states such as Bihar, Chhattisgarh, UP and Punjab, grew at over 10% each compared with the previous year, both for the quarter and the six months ending on March 31

India's factory activity slows to 7-month low amid surging Covid-19 cases

Despite foreign orders growing at a faster pace in March, a sub-index tracking overall demand declined to its lowest since August 2020. Output also grew at its weakest pace in seven months