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China's Geely plans new EV unit after profit fell by a third in 2020

In a stock exchange filing, Geely Automobile said the venture will work on research and development, purchase and sale of smart electric vehicles under Zeekr brand

US futures drop as investors await clues on rebound from Powell, Yellen

Chevron Corp, Occidental Petroleum Corp and Exxon Mobil Corp shed between 1.5 per cent and 3.5 per cent pre-market as oil prices slumped 3 per cent

Pfizer to develop new vaccines on its own using mRNA technology: Report

Pfizer/BioNTech and Moderna's Covid-19 vaccines use mRNA technology

Coal India wants to take part in solar energy auctions: Chairman

Coal India Ltd, the world's largest coal miner, could venture into solar wafer manufacturing

China's Baidu closes flat on debut as investors wary of fundraising spree

By Scott Murdoch and Yingzhi Yang

Regeneron and Roche's antibody cocktail shown helping in Covid-19 cases

Roche has said that it and Regeneron can produce more than 2 million doses annually

Abu Dhabi funds invest $150 million in messaging app Telegram

Abu Dhabi sovereign wealth fund Mubadala Investment Company and Abu Dhabi Catalyst Partners have invested a combined $150 million in messaging app Telegram, a joint statement said on Tuesday.

Cineworld's US theatres to lift curtains in time for 'Godzilla vs. Kong'

Cinema operators have been devastated by empty halls during the lockdowns

Tencent faces concessions to win green light for giant videogaming merger

Tencent is having to offer concessions in a plan to merge the country's top two videogame live-streaming sites in order to resolve antitrust concerns, people with knowledge of the matters said

Investors seek 'back to the future' trades to beat inflation as yields rise

Widespread expectations of a coming US economic boom are forcing bond fund managers to dust off their playbooks to combat a nemesis they have not had to worry about for more than a decade: inflation

BlackRock hires law firm for review after latest exec conduct complaints

BlackRock said it's hiring a law firm to conduct an internal review after a trade publication report detailed new employee complaints about the conduct of executives, including senior leader Wiedman

Microsoft in talks to acquire Discord for more than $10 billion: Report

Microsoft is in talks to buy messaging platform Discord for more than $10 billion, a report said, citing people familiar with the matter

Nintendo partners with Pokemon Go maker Niantic on Pikmin-themed game

Nintendo said on Tuesday it is partnering with Pokemon Go app developer Niantic to create augmented reality (AR) titles, with a Pikmin-themed game launching this year

WeWork discloses $3.2 billion loss in 2020 as it seeks SPAC deal: Report

WeWork lost $3.2 billion last year, according to documents shown to prospective investors by the office-sharing startup as apart of a pitch for $1 billion in investment and a stock market listing

Tencent Music to start new record label in China with Warner Music

Tencent Music Entertainment Group said it will create a joint venture record label with Warner Music in China, after reporting better-than-expected revenue on higher subscriptions in the 4th quarter

Boeing enters into $5.28 billion two-year revolving credit agreement

Boeing said on Monday it had entered into a $5.28 billion, two-year revolving credit agreement, as the US planemaker contends with a prolonged slowdown in commercial air travel fueled by the pandemic

Online education platform Coursera targets over $4 bn valuation in US IPO

Online education provider Coursera Inc is aiming for a valuation of more than $4 billion in a US initial public offering (IPO), a regulatory filing on Monday showed

Low tips, long waits: DoorDash Inc takes on drivers' Walmart gripes

DoorDash is taking steps to address what it says are frustrations from independent drivers toting Walmart merchandise and grocery orders, including low customer tips, the company confirmed

Amazon workers strike in Italy over pandemic-driven delivery demands

Amazon workers in Italy went on a 24-hour strike on Monday in the first such action by the US company's entire logistics operation in the country, including third-party delivery service providers

Microsoft to allow more employees at its headquarters from March 29

Microsoft Corp said on Monday it would start allowing more employees to work from its headquarters in Redmond, Washington and nearby campuses from March 29