Page 1125 - Reuters

OECD sees 5.8% global GDP growth in 2021 on vaccine rollouts, US stimulus

The OECD said central banks in advanced economies should keep financial conditions relaxed and tolerate inflation overshooting their targets.

Nestle, under fire over unhealthy products, working on new strategy

Nestle shares were 0.2% higher at 0951 GMT, broadly in line with the European food sector.

India's second Covid-19 wave rattles business confidence: Survey

India is set to announce gross domestic product data for the January-to-March quarter on Monday.

India's economy likely accelerated in Jan-Mar, before Covid-19 wave: Poll

But the second wave of infections and deaths across the world's second-hardest hit country has caused forecasters to trim their projections for the coming months

Covid crisis: British retail faces 'tsunami of closures' without rent help

They will be subject to legal measures to recover unpaid rent from July

UK could make COVID-19 jabs compulsory in healthcare, minister says

There is precedent for this; obviously surgeons get vaccinated for hepatitis B, said Zahawi

After new virus variant, Vietnam's Ho Chi Minh to enact social distancing

Go Vap district, where the Revival Ekklesia Mission is located, will be under full restrictions

Iran's central bank governor ousted after presidential bid: Report

Iranian media identified several possible candidates to succeed Hemmati at the bank, including Akbar Komeijani, a deputy governor of the bank.

Monsoon likely to hit Indian coast around Monday, says Weather office

Monsoon rains are likely to hit India's southern coast around May 31, in line with typical patterns, the state-run India Meteorological Department said in its latest forecast on Sunday.

Mahindra CEO expects car sales to take 2 years to rebound after Covid shock

Anish Shah said sales would rebound by fiscal year 2023 if a majority of the country's population is inoculated and new Covid cases ease

Bitcoin slumps more than 8% as it heads for bruising monthly drop

The cryptocurrency has lost 37% in May, which if sustained would be its worst monthly performance since September 2011.

French antitrust case: Google is nearing a settlement, says report

The French case also alleged other forms of self-preferencing in the advertising side of Google's business

Pakistan govt sets 4.8% GDP growth target for next financial year

Pakistan has also revised down its GDP data for the financial year that ended last June to show a contraction of 0.47 per cent from one of 0.38 per cent

India's Mahindra sees demand rebound but chip crunch, pandemic hurt

By Chandini Monnappa and Aditi Shah

EU regulator backs Pfizer-BioNTech Covid-19 vaccine for adolescents

Inoculating children and young people is considered a critical step toward reaching "herd immunity" and taming the pandemic

Wall Street stock indices open higher, unshaken by inflation surge

Although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February.

Oil inches higher as upbeat demand outlook counters supply concerns

Brent was up 33 cents, or 0.5%, at $69.79 a barrel by 1333 GMT

M&M expects chip crunch going forward, pandemic to hurt first quarter

Apart from the chip shortage triggered by factors including pandemic-driven supply-chain disruptions, the Indian auto industry is under pressure from a severe second wave of Covid-19 infections

Oil prices steady as Iran supply concerns offset demand outlook

Brent crude was down 16 cents, 0.2%, to $69.30 a barrel by 0809 GMT

European shares at record high on gains in financials, US spending plan

Bank stocks at 15-month high; travel and leisure stocks best weekly performers