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Traffic in Egypt's Suez Canal resumes after stranded ship refloated

With the 400-metre-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning, Suez Canal Authority (SCA) chairman Osama Rabie said

Biden targets big offshore wind energy expansion to fight climate change

By Richard Valdmanis

Deutsche Bank CEO gives up oversight of investment bank in revamp

Germany's biggest bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its chief executive

Boeing wins biggest 737 MAX order since safety-ban lift from Southwest

Boeing Co said on Monday it sold 100 new 737 MAX-7 jets to long-time customer Southwest Airlines

SoftBank's Masayoshi Son eyes bringing Coupang services to Japan

SoftBank Group CEO Masayoshi Son said on Monday the conglomerate's domestic internet business Z Holdings is in talks with South Korean e-commerce firm Coupang about bringing its services to Japan.

India, US to revamp strategic partnership with focus on clean energy sector

India and the United States have agreed to revamp their strategic energy partnership to focus on greater collaboration in cleaner energy sectors such as biofuels, and hydrogen production

US suspends all trade engagement with Myanmar until elected govt returns

The United States is immediately suspending all engagement with Myanmar under a 2013 trade and investment agreement until the return of a democratically elected government, USTR Katherine Tai said

Gupta's Liberty Steel to restart operations, in talks with UK government

Sanjeev Gupta's Liberty Steel UK plans to restart steelmaking next week and continues to seek new funding after its main financial backer Greensill Capital went into insolvency, it said on Monday

Visa allows payments using cryptocurrency, says 'seeing demand'

Company said it launched the programme with payment and crypto platform Crypto.com

China warns western brands not to engage in politics over Xinjiang

H&M, Burberry, Nike, Adidas and other Western brands have been hit by consumer boycotts in China since last week over comments about their sourcing of cotton in Xinjiang

Oil price falls 1% after container ship blocking Suez Canal refloats

Prices also dropped as fuel demand in Europe remained weak after countries renewed lockdowns to curb a new wave of coronavirus infections.

Chinese automaker Great Wall Motor plans hydrogen fuel-cell SUV model

Great Wall Motor will roll out its first hydrogen fuel-cell sport utility vehicles and launch a fleet of 100 hydrogen heavy trucks this year

Buffett-backed Chinese electric vehicle maker BYD profit up 162% in 2020

The firm on Monday reported a 162% growth in 2020 net profit

J&J, African Union in deal for up to 400 million Covid vaccine doses

The virus has killed almost 121,000 people across Africa and infected 4.18 million

'She's free': Traffic in Suez Canal resumes after stranded ship refloated

Key waterway between Europe and Asia blocked since Tuesday; at least 369 vessels waiting to transit canal

Wall Street opens lower on hedge fund default concerns; Nasdaq down 0.78%

The S&P 500 fell 5.2 points, or 0.13%, at the open to 3,969.31

WeWork takes SPAC route to go public in $9 bn deal with BowX Acquisition

Current shareholders will own about 83% of the combined company, WeWork said

ArcelorMittal seeks partners, subsidies for cleaner steelmaking in Germany

The company would close a blast furnace in each of the two plants and build electric arc furnaces for scrap smelting

Suez blockage sets shipping rates racing, oil and gas tankers diverted away

The suspension of traffic through the narrow channel linking Europe and Asia has deepened problems for shipping lines that were already facing disruption and delays in supplying retail goods

BOJ forms panel to help guide central bank digital currency experiment

Set to begin experimenting in how to operate a central bank digital currency, the Bank of Japan said it has formed a committee bringing together policymakers and lobbyists to help with the project