Page 1047 - Reuters

Carmaker Mahindra warns of 20% dip in production due to chip shortage

Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages

Oil prices drop after OPEC+ reaffirms supply return as demand wavers

Oil prices fell after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many US refiners remained offline

Taliban preparing to reveal new Afghan govt amid economic turmoil

The Islamist movement's supreme leader, Haibatullah Akhundzada, is expected to have ultimate power over a governing council, with a president below him, a senior Taliban official said last month

US jobs miss pushes dollar to multi-week lows as traders wait on payrolls

The dollar loitered around multi-week lows on Thursday, pressured by softer-than-expected US labour data as traders awaited a fuller jobs readout

US SEC charges BitConnect founder Satish Kumbhani with $2 bn crypto fraud

US Securities and Exchange Commission charged BitConnect founder Satish Kumbhani, an Indian citizen, with lying about BitConnect's ability to generate profits

Twitter launches subscription-based feature 'super follows' for iOS users

People in the US and Canada using iOS can super follow a select group of people within the United States

Launching into space? Not so fast. Insurers baulk at new coverage

The insurance dilemma underlines a greater problem: no one is cleaning up the mess in space

Didi, JD.com workers get unions in watershed moment for China's tech sector

Regulators in China have come down hard on its biggest technology firms this year

Chinese state firms to take big stake in Ant's credit-scoring JV

The plan would represent one of the most prominent outcomes of a govt push for state-backed firms to exert more control and influence

Google appeals France's 'disproportionate' $591 mn fine in copyright row

Google said on Wednesday it was appealing against a 500 million euro ($591 mn) fine imposed by France's antitrust watchdog in July over a dispute with local media about paying for news content

With Kabul airport closed, fearful Afghans rush for the border

The Taliban is talking with Qatar and Turkey over how to run Kabul's airport, French Foreign Minister Jean-Yves Le Drian said

India asks utilities to import coal amid short supply as demand spikes

By Sudarshan Varadhan

OPEC+ seen sticking to policy despite higher oil demand

By Ahmad Ghaddar, Rania El Gamal and Alex Lawler

OPEC+ seen sticking to existing policy despite higher oil demand

OPEC and its allies will likely stick to their existing policy of gradual oil output increases, four sources said on Wednesday, even though the group revised up its 2022 demand outlook

Coal India starts project to replace diesel with LNG in dumpers

Coal India, the country's biggest coal miner, is retrofitting its diesel-engine trucks used in mines with liquefied natural gas (LNG) kits to cut its carbon footprint and save fuel costs

With Kabul airport closed, fearful Afghans rush for the border

Thousands seen at border crossings with Pakistan, Iran; crowds gather at banks in Kabul

Amazon CEO unveils 55,000 tech jobs in first hiring push under his watch

Amazon's new hires would represent a 20% increase in tech and corporate staff, who currently number 275,000

India asks utilities to import coal amid short supply as demand spikes

By Sudarshan Varadhan

OPEC+ raises 2022 oil demand growth forecast as US pushes to hike output

Two OPEC+ sources said the group's experts revised the 2022 oil demand growth forecast to 4.2 million barrels per day (bpd), up from the previous forecast of 3.28 million bpd.

India's monsoon rainfall forecast to be above average in September

Monsoon rains were 10% above average in June