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'We can't wait:' Biden to push US Congress for $1.9 trn in Covid-19 relief

Brian Deese, director of the National Economic Council, said he would speak to the senators as part of a push by the Biden administration to make the case for a large rescue plan

Taiwan says asking firms to help ease global chip shortage for auto sector

Automakers around the world are shutting assembly lines because of a global shortage of semiconductors

Morgan Stanley CEO's annual pay rises by over 20% after bank's success

Under James Gorman, Morgan Stanley produced net income of $11 billion, compared with $9 billion a year ago.

Davos ski resort eerily quiet without World Economic Forum this year

Streets of little Alpine town lie deserted as annual meeting of business chiefs, political thinkers and national leaders moves online.

GM warns Maharashtra's move to block its exit could hit investment

GM said it planned to seek a reversal of the state's order as soon as possible

Yellen wins unanimous US Senate vote despite Republican tax, debt concerns

Yellen's nomination was approved 26-0 in the evenly split committee, with concerns expressed by Republicans about President Joe Biden's ambitious plans

Oil falls on China's Covid-19 cases, fresh restrictions, high crude build

Brent crude futures declined 60 cents, or 1.1 per cent, to US$55.50 a barrel

Biden seeks to speed delivery of coronavirus stimulus checks and food aid

Biden is using the two executive orders to try to ease people's burdens while Congress negotiates the fate of his proposed $1.9 trillion stimulus package.

IBM, Intel slump weighs on Wall Street as coronavirus concerns rise

IBM Corp slumped 9.83% and was the top drag on the Dow Jones Industrial Average after it missed estimates for quarterly revenue, hurt by a rare sales decline in its software unit

Buyout firm TPG in the lead for stake in AT&T's DirecTV, say reports

The exact price TPG is willing to pay could not be learned, but sources said the deal could value DirecTV at more than $15 billion

Google says to block search engine in Australia if forced to pay for news

Australia is on course to pass laws that will make tech giants negotiate payments with local publishers and broadcasters for content included in search results or news feeds

Boeing says its fleet will be able to fly on 100% biofuel by 2030

By Eric M. Johnson

Biden administration to discuss stimulus with lawmakers on Sunday

Democratic President Joe Biden, who took office on Wednesday, has proposed a $1.9 trillion stimulus package

British PM Boris Johnson says new variant may carry higher risk of death

Johnson said however that all the current evidence showed both vaccines remained effective against old and new variants

After Brexit deal, Ireland and France cut out the middleman: Britain

Irish traders are shipping goods directly to and from European ports, shunning the once-speedier route through Britain.

Chinese vaping firm RLX valued at nearly $35 billion in US market debut

American depositary shares of RLX Technology Inc jumped 86% in their U.S. stock market debut on Friday, giving the Chinese vaping firm a market capitalization of nearly $35 billion.

IBM Corp revenue disappoints as software sales mark rare decline

IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals

Janet Yellen wins unanimous Senate panel vote for Treasury secretary

Yellen's Republican predecessor, Steven Mnuchin, was not confirmed until three weeks after Trump's inauguration

US factory activity near 14-year high; home sales rise in December

By Lucia Mutikani

Walmart expands vaccinations in boost to US Covid-19 programme: Report

Walmart is already vaccinating healthcare workers in New Mexico and its home state of Arkansas.