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Most G20 nations condemn Russia for Ukraine war but China stays silent

Russia, a member of the G20 but not of the G7, refers to its actions in Ukraine as a "special military operation", and avoids calling it an invasion or war

Delhi govt's decision to allow electric bike taxis to hit thousands: Uber

Uber Technologies Inc said on Friday plans by the local government in India's Delhi city to only allow electric vehicles to function as bike taxis would risk finishing off the sector

US nominee for World Bank president gets positive reviews at G20 meeting

The finance ministers of France and Germany gave positive reviews to Banga, nominated on Thursday by US President Joe Biden as a surprise choice to lead the World Bank's transformation

G20 tussles over Ukraine war as West steps up sanctions against Moscow

US Treasury Secretary Janet Yellen accused Russian officials at the two-day Group of Twenty (G20) meeting in the Indian city of Bengaluru of being "complicit" in war atrocities

US nominee for World Bank wins positive reviews at G20 finance meeting

The US nominee to lead the World Bank, ex-MasterCard CEO Ajay Banga, gained traction with leading members, a sign that he will likely have a smooth ride to confirmation by bank's executive board

Ericsson plans to lay off 8,500 staff worldwide to reduce expenses

This would be the largest layoff in the industry. Analysts predict that North America would likely be worst affected

Germany to pursue $5.2-billion deal with India to build 6 submarines

The Indian Navy also has two indigenous nuclear-powered submarines.

Oil prices drop as rising inventories offset Russian output cuts

Brent crude futures were down 57 cents, or 0.7%, at $81.64 a barrel by 1423 GMT, having risen by more than $1 earlier in the session

US dollar surges to seven-week highs after strong inflation data

Dollar climbed to seven-week peaks on Friday, after data showed US inflation accelerated while consumer spending rebounded last month

Delhi's plans to allow only electric bike taxis to impact millions: Uber

Uber Technologies Inc said plans by the local government in India's Delhi city to only allow electric vehicles to function as bike taxis would risk "finishing off the sector"

China economy to rebound in 2023 under precise monetary policy: PBoC

2023 economic growth target, policies coming next weekend, support for domestic demand expansion a focus

Indian govt had no outstanding loans from central bank in Feb 17 week

The Indian government had no outstanding loans with the central bank under ways and means

India's foreign exchange reserves at 11-week low, down for third week

The reserves stood at $566.95 billion in the week to Feb 10, down $8.3 billion from the previous week

Merger with Sony will get stuck in insolvency proceedings: Zee group

India's Zee Entertainment Enterprises Ltd told a tribunal on Friday its merger with a local unit of Japan's Sony Group Corp will "get stuck" due to the initiation of insolvency

Counting on RBI support, offshore investors build rupee crosses positions

The rupee will hold up better in an environment where the dollar is likely to receive support from the hawkish U.S. Federal Reserve, they said

Netflix makes preparations to open Vietnam office after negotiating for yrs

A local office would make Netflix the first major US tech firm with a direct presence in the fast-growing Southeast Asian country of 100 million, increasingly seen as too lucrative to ignore

India's economic growth likely to slow further to 4.6% in Oct-Dec: Poll

The economy had expanded 13.5% in April-June -- boosted largely because of pandemic-related statistical distortions -- before moderating to 6.3% in July-September

Merger with Sony will get stuck on insolvency proceedings, says ZEEL

The comments came as Zee's chief executive, Punit Goenka, on Thursday said in a statement that he expected a timely completion of a merger between Zee and Sony

Adani Total to start operations at LNG terminal in Dhamra by mid-June

Adani Total Private Ltd will receive its first LNG cargo at the Dhamra terminal on India's east coast in April and expects to start commercial operations 30 to 45 days after receiving the shipment

G20 leaders to gauge toll on global economy on Ukraine war's anniversary

U.S. Treasury Secretary Janet Yellen on Thursday highlighted the improvement, saying the global economy "is in a better place today than many predicted just a few months ago"