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Dollar in retreat as Powell says Fed won't raise rates on fear of inflation

The US dollar remained on the back foot against major peers on Wednesday after a two-day drop as US Fed officials including Chair Powell reaffirmed that tighter monetary policy was still some way off

Oil resumes climb as US crude inventories fall more than expected

Oil prices rose after data showed US crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America

World Bank vows to keep board apprised of climate action progress

The World Bank on Tuesday agreed to boost its spending on climate change to 35% from 28% and to provide annual progress reports to its board

Facebook expands 'Shops' feature to WhatsApp, Marketplace in commerce push

Facebook is expanding its "Shops" feature to its messaging app WhatsApp in several countries and to Facebook Marketplace in the US, the company said as it announced changes to its commerce tools

Intel to create new units for software, high-performance computing

Chipmaker Intel Corp said on Tuesday it would create two new business units that would focus separately on software and high-performance computing and graphics

Fed will not raise rates on inflation fears alone, Jerome Powell says

Federal Reserve Chair Jerome Powell reaffirmed the US central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly

Google likely to soon face antitrust claims over Play store from US states

The lawsuit has been in the works since last year and has already been delayed, but seems close again, a report said

India e-commerce rules cast cloud over Amazon, Walmart and local rivals

New Indian e-commerce rules will raise costs for all online retailers but particularly Amazon and Walmart's Flipkart as they may have to review their business structures, senior industry sources said

Japan's June factory activity expands at slowest pace in 4 months

Japan's factory activity expanded at the slowest pace in four months in June, in a sign momentum in the world's third-largest economy was levelling out before Tokyo is set to host the Olympic Games

Twitter opens applications to test new content subscription features

Users must have at least 10,000 followers on Twitter to be eligible to apply for Super Follows, and at least 1,000 followers to apply for first access to Ticketed Spaces.

Wall Street rises as Fed chief Powell testifies to panel, oil wavers

Wall Street moved past mixed results in early trading to post solid gains by the afternoon, as investors awaited Powell's testimony to a congressional panel

YouTube wins user copyright fight in long-running top EU court battle

The case marks the latest development in a long-running battle between Europe's $1-trn creative industry and online platforms, with the former seeking redress for unauthorised works that are uploaded

Fed will not raise rates on inflation fears alone, says Jerome Powell

Fed will watch broad set of labor market data, says Powell

Probe Renault-Nissan plant's social distancing: Madras High Court

Only the Renault-Nissan factory will be inspected as unions at other automakers have not raised objections

Antitrust watchdog CCI orders probe into Google in smart TVs suit

India's antitrust watchdog on Tuesday ordered an investigation into allegations that Alphabet Inc's Google abused its Android operating system's position in the country's smart television market.

Nordic fund KLP divests from Adani Ports over links to Myanmar military

Adani Ports has been under scrutiny from international investors over its project to build a container terminal in the city of Yangon on land leased from a Myanmar military-owned conglomerate

Doing laundry in space: Nasa taps P&G to create detergent for astronauts

Nasa sends 160 pounds of clothing per cre­w member to the Inter­national Space Station per year.

Bitcoin sinks below $30,000 for first time since late January

The world's largest cryptocurrency fell as much as 6.4% to $29,614, its lowest since Jan. 27

Malaysia surpasses Indonesia to become India's top palm oil supplier

Indonesia's export levies have been at their highest level for five months in a row, according to trade officials.

Google drops engineering residency after protests over 'inequities'

Google last year pledged to improve retention for underrepresented employee groups.