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Covid-19: Boris Johnson accepts he could have done things differently

He has pledged to hold an inquiry into his handling of the coronavirus crisis but not yet.

Bank NPAs could hit nearly 15% by March 2021 in worst-case scenario: Report

Indian banks have been battling rising bad loans for years but managed to get gross NPAs down to 8.5% in March, compared to 9.3% in September 2019

Cipla gets DCGI approval to sell Covid-19 drug favipiravir in India

Cipla said it would launch favipiravir as "Ciplenza" in the first week of August, priced at 68 Indian rupees (91 cents) per 200 mg tablet

BPCL plans to restart 200,000 bpd Kochi refinery unit by end-July

The shutdown of the crude unit and some secondary units at Kochi started earlier this month

American Express profit tumbles 85% as pandemic-related defaults loom

Shares were down about 1% before the bell, even as the group managed to eke out a small profit rather than report a loss as expected by analysts

China's Covid-19 vaccine candidate shows some promise in animal tests

It is the second potential Covid-19 vaccine that China's military-backed research unit has moved into clinical trials

Oil edges higher on weaker dollar, but demand threats from US China tension

Brent crude rose by 6 cents, or 0.1 per cent, to $43.37 a barrel by 0634 GMT, and US West Texas Intermediate (WTI) crude rose by 1 cent to $41.08

Gold poised for best week in over 3 months on soft dollar, stimulus bets

Prices have risen more than 4% this week, putting gold on course for its longest winning streak since late 2011

China shares lead Asian retreat on Sino-US tensions, euro holds near highs

For once, currencies had dominated trading as a deal on a European Union recovery plan shot the euro to its highest since late 2018

Americans want more federal relief for businesses impacted by Covid: Poll

The poll, conducted between July 15-21, comes as Congress is working toward another round of relief to support an economy thrown into its deepest recession

US weekly jobless claims unexpectedly rise as labour market takes step back

Initial claims for state unemployment benefits increased 109,000 to a seasonally adjusted 1.416 million for the week ended July 18.

Twitter shares rise 4% on highest-ever yearly growth in daily users

Twitter's average monetisable daily active users (mDAU) increased 34 per cent year over year to 186 million

Amazon in talks to pick up 9.9% stake in Reliance retail arm: Report

Amazon wants a preferred, strategic stake in Reliance Retail for JioMart

Stimulus hopes set to lift Wall Street as labor market rebound slows

The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, a report from the Labor Department showed

Make in India: Govt to offer production linked incentives in more sectors

The government earlier announced production linked incentives for large scale electronic goods makers for five years

US to pay Pfizer, BioNTech $1.95 bn for 100 mn Covid-19 vaccine doses

The companies will not receive any money from the government unless their vaccine succeeds in large clinical trials

French limits on Huawei 5G equipment amount to de facto ban by 2028: Report

The US say Huawei's equipment could be used by the Chinese government for espionage: a charge denied by the company and Beijing

New York Times names COO Meredith Kopit Levien as its new chief executive

The newspaper publisher said Levien, 49, will succeed Mark Thompson and also join the company's board

United sees around $15-20 million daily cash burn in Q4 if demand bounces

Chicago-based United flew only a fraction of its normal capacity in the second quarter and expects to fly about 35% of its normal summer schedule in the third quarter

France imposes de facto ban on Huawei 5G equipment, says report

The United States say the company's equipment could be used by the Chinese government for espionage - a charge denied by Huawei and Beijing - and has pressed its allies to ban it.