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Elon Musk says would be good for US, China to increase mutual trust

Tesla Inc chief executive Elon Musk said on Saturday it would be good for the United States and China to have more trust in each other

US Jury tells Apple to pay $308.5 million for patent infringement

A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC (PMC) for infringing a patent associated with digital rights management

US Fed to let bank-leverage exemption expire this month, will review rule

Shares of the largest US banks fell after the news, with JPMorgan Chase & Co losing as much as 4 per cent before closing down 1.6 per cent on the day

Europe's Covid-19 pandemic setbacks risk another summer travel washout

Europe's airlines and travel sector are bracing for a second lost summer, with rebound hopes increasingly challenged by a hobbled Covid-19 vaccine rollout, resurgent infections and new lockdowns

Oil prices rise more than 2% but post weekly decline on demand fears

Oil rose more than 2% in volatile trading on Friday, but finished the week about 7% lower as a new wave of coronavirus infections across Europe dampened hopes that fuel demand would recover soon

Covid-19 pandemic: Keep using AstraZeneca vaccine, WHO urges world

"We urge countries to continue using this important Covid-19 vaccine," WHO Director General Tedros Adhanom Ghebreyesus told a news conference in Geneva.

Facebook lifts S&P 500 and Nasdaq as US Treasury yields pause

Reversing a recent trend, so-called growth stocks mostly outperformed value stocks viewed as more likely to outperform as the economy recovers from the coronavirus pandemic

US says it has had 'serious discussions' with China despite 'theatrics'

"We know that sometimes these diplomatic presentations can be exaggerated, or maybe even aimed at a domestic audience," State Department spokeswoman Jalina Porter told a news briefing

First US-China meeting under Biden administration gets off to a rocky start

Officials trade barbs over Hong Kong, Taiwan and Xinjiang

UK Prime Minister Boris Johnson gets his first dose of AstraZeneca vaccine

Johnson, 56, received his vaccine at the same hospital where almost a year ago he was put in an intensive care unit and given oxygen via a tube in his nose after he contracted the virus

Facebook services suffer outage with Instagram down for nearly a million

Downdetector showed there were more than 1.2 million incidents of people reporting issues with Instagram

Oil prices edge higher after sell-off driven by demand concerns

Brent crude was up 31 cents, or 0.5 per cent, at $63.59 a barrel by 8:20 pm (IST)

US Justice Department probing Visa over debit-card practices: Report

The U.S. Department of Justice is investigating whether Visa Inc is engaging in anticompetitive practices in the debit-card market, the Wall Street Journal reported on Friday

Oil prices edge higher after sell-off driven by fuel demand concerns

Brent crude was up 31 cents, or 0.5%, at $63.59 a barrel

US Fed to let leverage exemption expire on March 31, will review rule

Shares of the largest US banks dropped in pre-market trading on Friday immediately following the Fed's announcement

Bank of Japan fine-tunes massive stimulus in long drive to boost prices

BOJ said it would allow long-term interest rates to move up and down by 0.25% around its 0% target, instead of by the current implicit band of 0.2%

Blackstone Group closes inaugural growth equity fund at $4.5 billion

Blackstone said the fund was oversubscribed, with capital commitments from family offices, entrepreneurs, endowments, strategic institutional investors, pension funds and high-net-worth individuals

British Airways owner IAG raises $1.4 billion to ride out travel turmoil

IAG, which is burning through about 185 million euros a week as a result of the pandemic, has been cutting costs while flying only 20% of its normal capacity

Dow, S&P 500 drop as bank stocks slump after capital buffer relief expires

Market trading volumes and liquidity are expected to rise on Friday due to "quadruple witching," the quarterly simultaneous expiration of U.S. options and futures contracts

China bans Teslas in military complexes on concerns about cameras: Report

The Chinese military has banned Tesla Inc's cars from military complexes and housing compounds