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China smartphone maker Xiaomi to make EVs using Great Wall's plant: Report

China's Xiaomi plans to make electric vehicles using Great Wall Motor's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race

Burberry becomes 1st luxury brand to suffer Chinese backlash over Xinjiang

Burberry lost a Chinese brand ambassador and its hallmark design was scrubbed from a video game, becoming the first luxury brand assailed by Chinese backlash to Western accusations of Xinjiang abuses

Deutsche Bank CEO willing to give up investment bank oversight role: Report

Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in the foreseeable future, a person with knowledge of the matter said

Oil prices recover some ground on fears Suez blockage may last weeks

Oil reversed a sharp sell-off a day earlier to rise 1% on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude

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

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway

China airfares rebound in potential rehearsal for global recovery

Widely watched airfares in China are recovering to pre-pandemic levels as domestic tourists lead a patchy air travel recovery, scattering crumbs of hope to a shattered global travel sector

Big Tech CEOs told 'time for self-regulation is over' by US lawmakers

The chief executives of Facebook, Google and Twitter faced criticism from US lawmakers on Thursday about their approaches to extremism and misinformation

US weekly jobless claims drop to one-year low in boost to economy

The number of Americans filing new claims for unemployment benefits dropped to a one-year low last week, providing a powerful boost to an economy on the verge of stronger growth

Suez Canal could be blocked for weeks by stuck 'beached whale' ship

A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel in a new setback for global trade

Oil prices drop 4% as new lockdowns undermine hopes for economic recovery

By Stephanie Kelly

Pfizer, BioNTech launch Covid-19 vaccine trial in kids under 12

By Michael Erman

AstraZeneca updates Covid-19 vaccine efficacy rate to 76%

AstraZeneca said its COVID-19 vaccine was 76% effective at preventing symptomatic illness in a new analysis of its major U.S. trial

Tech stocks drag Wall Steer lower in choppy trade

By Herbert Lash

Robinhood aims to allow users to buy into IPOs: Report

By David French and Anirban Sen

EU joint debt plan must remain a 'one-off' instrument, says Angela Merkel

She spoke to the Bundestag lower house of Parliament before it voted to approve the legislation for the EU plan

China proposes a set of global rules for central bank digital currencies

The PBOC is aiming to become the first major central bank to issue a CBDC

Chinese tech stocks fall sharply as US SEC rolls out delisting law

Move adds to the unprecedented crackdown in China on domestic tech firms

North Korea missile launch tests Biden, alarms Japan ahead of Olympics

Thursday's launches came just days after North Korea fired several cruise missiles in an exercise that Biden said was not provocative but "business as usual."

Oil prices slide on fresh Covid-19 curbs in Europe, stranded ship

Brent crude slid more than 2 per cent, to $61.64 a barrel at 7.57 pm (IST)

Nike, Adidas join brands feeling Chinese social media heat over Xinjiang

Both Nike and Adidas, which have been growing rapidly in China, have said previously that they do not source products or yarn from the Xinjiang region