Page 1162 - Reuters%20/t%20_blank

Microsoft sales grow on cloud strength, shares dip on heightened valuation

Net profit had included a favorable $620 million tax benefit from court rulings in India

Russia fines Apple $12 million for alleged abuse of dominance in app market

Apple said it "respectfully disagreed" with the FAS ruling and that it would appeal it

Musk trolls Bezos as space race between world's richest men heats up

The space race between the world's two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos' attempt to challenge a major NASA contract

UBS, Nomura push global banks' Archegos losses beyond $10 billion

UBS shares fell 3.0% in morning trade.

US drugmakers step up supplies as India battles Covid-19 surge

US drugmaker Merck & Co joined Gilead Sciences on Tuesday in lending support to India

Russia's competition watchdog fines Apple $12 million for app market abuse

Apple allegedly abused its dominant position in the mobile applications market

Rush to hospitals, big gatherings worsen India's Covid crisis: WHO

Less than 15% of people infected with COVID-19 actually need hospital care and even fewer will need oxygen, says WHO spokesman Tarik Jasarevic

India expects biggest share of US doses of AstraZeneca vaccine: Report

On Monday, the White House said 10 mn of the 60 mn doses could be cleared for export 'in coming weeks' and the rest by June

Merck taps five Indian drugmakers to expand Covid-19 drug production

Merck has decided to focus on its drugs for Covid after two vaccines failed to generate desired immune responses

3M profit jumps on pandemic-driven demand for personal safety products

The US conglomerate makes N95 face masks

Gold steady ahead of Fed meeting, palladium scales record peak

Spot gold was flat at $1,780.90 per ounce by 0957 GMT.

OPEC+ to meet Tuesday amid concern about rising coronavirus cases

OPEC is responsible for over a third of global production

Novartis Q1 sales, profit miss analyst expectations amid Covid-19 impact

Swiss drugmaker Novartis on Tuesday said first-quarter core net income fell 4%

HSBC Q1 profit rises 79% as Covid vaccine rollout sparks cautious optimism

Bank releases $400 million of provisions on improved outlook; lender unlikely to repeat level of writebacks through 2021, says CFO

Global Markets: Stocks dip from record levels ahead of Fed decision

The MSCI world equity index, which tracks shares in 49 countries, fell 0.1% by 0810 GMT

Oil up, but gains limited amid demand concerns as India reels from Covid

Brent crude was up 40 cents, or 0.6%, at $66.05 a barrel by 0658 GMT

iOS 14.5: Impact of Apple ad tracking changes will hinge on app developers

Some mobile advertising analysts believe fewer than one in three users will opt-in, which could diminish the effectiveness and profitability of ad targeting

Indian economy could falter due to Covid spike: US Chamber of Commerce

CEOs from 40 firms on Monday launched a public-private task force to provide India with urgently needed medical supplies.

Total declares force majeure on Mozambique LNG after insurgent attacks

Total, which aimed to produce its first cargo from the project in 2024, suspended work on March 27 after the militant attack

Lawmakers urge UK PM Boris to publish lobbying messages from pharma firms

The proposal would temporarily waive the intellectual property (IP) rights of pharmaceutical companies to allow developing countries to produce vaccines