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Intel to spend $20 bn on US chip plants as CEO challenges Asia dominance

Intel will expand advanced chip manufacturing capacity as the new chief announced plans to spend as much as $20 billion to build two factories in Arizona and to open up factories to outside customers

Iraq's SOMO awards fuel oil supply contracts to Chevron, Reliance

Iraqi state-owned marketer SOMO has finalised a term contract to supply 750,000 tonnes of straight-run fuel oil (SRFO) per month from April to September, three fuel oil trade sources said

Tesla's use of in-car cameras for self-driving tech raise privacy concerns

Tesla Inc's use of in-car cameras to record and transmit video footage of passengers to develop self-driving technology raises privacy concerns, influential US magazine Consumer Reports said

AstraZeneca to publish US trial results after rebuke over outdated data

AstraZeneca will publish up-to-date results from its US trial within 48 hours after health officials publicly criticised it for using "outdated information" to show how well the immunisation worked

Gold eases as dollar surges on Jerome Powell's reassurance on inflation

Gold prices eased on Wednesday, as the dollar touched a more than two-week high after US Federal Reserve Chair Jerome Powell reassured Congress that inflation would not spiral out of control

Tencent boss meets China antitrust officials as scrutiny widens: Report

Pony Ma, the reticent founder of Tencent Holdings, China's biggest social media and video games company, met with China's antitrust watchdog officials this month to discuss compliance at his group

First Guyanese crude cargo to India on its way to Mundra port: Report

The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel

Oil extends losses in post-settlement trade on oversupply worries

Oil prices plunged about 6% on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness

Biden administration weighs $4 trillion in fresh economic spending

The price range does not include separate proposals to make child tax credits and other benefits to lower-income Americans

AstraZeneca to issue trial update after US agency questions 'outdated' data

AstraZeneca said it had reviewed the preliminary assessment of the primary analysis and found it to be consistent with the interim report

Microsoft in talks to buy Discord messaging platform: Report

Microsoft is in talks to buy Discord Inc, a messaging platform for gamers, for more than $10 billion, people familiar with the matter said on Tuesday

Oil tumbles 4% on concerns over Europe restrictions, vaccine rollouts

Extended lockdowns are being driven by the threat of a third wave, with a new variant of the coronavirus on the continent.

From pet food to video games: Inside Ryan Cohen's GameStop obsession

On the line was Ryan Cohen, the billionaire co-founder and former chief executive of online pet supplies retailer Chewy who is now leading GameStop's push into e-commerce

S&P 500, Dow open lower ahead of Powell, Yellen testimonies

Energy and travel stocks slipped

Global shares and oil slide as sanctions, coronavirus fears strike

Global shares and oil slide as sanctions, coronavirus fears strike

China's Geely plans new EV unit after profit fell by a third in 2020

In a stock exchange filing, Geely Automobile said the venture will work on research and development, purchase and sale of smart electric vehicles under Zeekr brand

US futures drop as investors await clues on rebound from Powell, Yellen

Chevron Corp, Occidental Petroleum Corp and Exxon Mobil Corp shed between 1.5 per cent and 3.5 per cent pre-market as oil prices slumped 3 per cent

Pfizer to develop new vaccines on its own using mRNA technology: Report

Pfizer/BioNTech and Moderna's Covid-19 vaccines use mRNA technology

Coal India wants to take part in solar energy auctions: Chairman

Coal India Ltd, the world's largest coal miner, could venture into solar wafer manufacturing

China's Baidu closes flat on debut as investors wary of fundraising spree

By Scott Murdoch and Yingzhi Yang