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Samsung's Jay Y Lee receives two-and-a-half year jail term in bribery case

South Korea's Seoul High Court sentenced Samsung Electronics vice chairman Jay Y Lee to a two-and-a-half year jail term, the court said on Monday

Budget seen raising import duties by 5%-10% on dozens of items: Report

Finance Minister Nirmala Sitharaman will unveil the budget on Feb. 1

Jindal Steel in talks to get Covid-19 vaccines for its employees

The Indian government kicked off one of the world's largest vaccination campaigns over the weekend

Trump admin slams China's Huawei, halting shipments from Intel: Report

The United States made the latest decisions during a half dozen meetings starting on Jan. 4

Southeast Asia's ride-hail firm Grab considering U.S. IPO this year: Report

Grab is a Singaporean ride-hailing firm

Indian shares drop as shadow lenders fall on fears of tighter rules

Gains in heavyweights HDFC Bank and Reliance Industries capped losses

Reliance to embed e-commerce app into WhatsApp within six months: Report

The move to integrate JioMart with WhatsApp will allow hundreds of millions of users to order products from Reliance without having to leave the app

French energy group Total buys 20% stake in India's Adani Green Energy

Total said on Monday that its purchase of the stake in AGEL would give Total a seat on the board of directors of AGEL

Economic impact from rising Covid cases in China controllable: Stats Bureau

China has experience and capacity to control the virus, Ning told reporters at a press conference

Biden may cancel Keystone XL pipeline permit likely on first day: Report

The project, which would move oil from the province of Alberta to Nebraska, had been slowed by legal issues in the United States

Gold steadies as prospects of major US stimulus offsets firm dollar

Earlier in the session, the U.S. dollar held near a four-week peak against rival currencies, making gold expensive for holders of other currencies

Biden likely to pick FTC member Chopra to head consumer financial regulator

Chopra, an ally of Democratic Senator Elizabeth Warren, had been considered a top candidate for the job

Oil prices drops 1% as rising coronavirus cases end supply-led rally

US oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session

China's Q4 GDP grows 6.5% y-o-y, beats expectations as recovery gains pace

The gross domestic product (GDP) growth was faster than the 6.1% forecast by economists in a Reuters poll, and followed 4.9% growth in the third quarter

Samsung's Lee faces sentencing for bribery charge after 4 years of trials

Lee, 52, was convicted of bribing an associate of former President Park Geun-hye and jailed for five years in 2017

Trump admin slams China's Huawei, halting shipments from Intel: Report

The action - likely the last against Huawei Technologies under Republican President Donald Trump - is the latest in a long-running effort to weaken the world's largest telecom equipment maker

Britain invites G7 leaders for first in-person summit in 2 years

It would be Joe Biden's first trip to Europe after he becomes president

Lebanon inks final deal for 2.1 million doses of Pfizer-BioNTech vaccine

Lebanon's caretaker health minister signed a final deal on Sunday to secure 2.1 million doses of Pfizer-BioNTech's Covid-19 vaccine as the country battles a steep rise in infections

DHFL creditors vote in favour of Piramal's $5 billion bid: Report

Creditors of India's Dewan Housing Finance Corp have voted in favour of a $5.09 billion takeover bid submitted by the Piramal Group for the troubled "shadow" lender, a source said

With Samsung 'at crossroads', heir Jay Y Lee looks to make his mark

On Monday, he faces sentencing on a bribery charge that could sideline him from the world's largest smartphone and memory chip maker