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Oil prices slip as second wave of Covid takes toll on India's fuel sales

Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in demand

Cryptocurrency ether hit a record high, Ethereum breaks past $3,000 mark

Cryptocurrency ether hit a record high, extending last week's rally in the wake of a report that the European Investment Bank could launch a digital bond sale on the ethereum blockchain network

Singapore Airlines raises $1.5 bn from airplane sale-and-leaseback deals

Singapore Airlines on Monday it had raised about $1.50 billion through sale-and-leaseback deals for 11 of its planes to help bolster liquidity

Intel will 'focus' less on buying back company stock: CEO Pat Gelsinger

The chief executive of the biggest US chip-maker, Intel Corp, said the company is going to curb its focus on buying back its own stock

In Apple versus Epic Games, courtroom battle is only half the fight

Epic alleges Apple has such a strong lock on those customers that the app store constitutes a distinct market for software developers over which Apple has monopoly power

Oil climbs as demand optimism overshadows India Covid-19 infection worries

Vaccinations are expected to lift global oil demand, especially during peak travel season in the third quarter, prompting analysts to increase their forecasts for Brent prices for a fifth month

Coronavirus: Singapore's hot housing market faces risk of cooling curbs

Driven by low interest rates, confidence in property's long-term safety and a fear of missing out, the boom is putting buyers increasingly at odds with the government

Scientists say Modi govt ignored warnings amid coronavirus surge

Warning about new variant in early March was issued by the Indian SARS-CoV-2 Genetics Consortium, or INSACOG.

UAE economy shrank 6.1% last year amid Covid-19 crisis: preliminary data

The United Arab Emirates' economy shrank 6.1% last year, the country's statistics centre said on Sunday citing preliminary data, as the coronavirus crisis hit several key sectors

Volkswagen expects chip supply to remain tight in coming months

The head of the carmaker's namesake brand was quoted as saying on Saturday.

India's electricity generation falls 2.9% in second half of April

Electricity supply to Karnataka - home to India's tech hub Bengaluru - fell over 15%

Serum Institute plans to start vaccine production outside India: Report

Adar Poonawalla said last week that the Serum Institute would be able to raise its monthly output to 100 million doses by July

China's factory activity growth slows in April as supply bottlenecks weigh

The country's official manufacturing purchasing managers' index (PMI) fell to 51.1 in April from 51.9 in March

TikTok appoints ByteDance finance chief Shouzi Chew as new CEO

Chew had served as Xiaomi's chief financial officer from 2015 to 2020, and ran its international business for a year.

European Union hits Apple with music streaming charge in boost for Spotify

Apple found itself in the European Commission's crosshairs after Sweden-based Spotify complained two years ago

British banks fund supplies to help coronavirus-stricken India

India's total coronavirus cases exceeded 18 million on Thursday

Global FDI hit 15-year low in 2020, China overtook US: OECD data

China was one of the few major economies to eke out growth

Under-supplied metal palladium races past $3,000/oz for first time

Meanwhile, spot gold was down 0.2% at $1,769 per ounce by 0910 GMT.

India's bank credit growth may dip further after touching record low

Amid Covid surge, some experts fear credit growth may worsen as a dramatic improvement in macroeconomic outlook anytime soon looks unlikely

World shares near record high, euro upbeat on Fed decision, earnings

In Europe, euro Stoxx futures were steady and Britain's FTSE 100 traded up 0.2%.