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India's prized investment grade status hanging by a thread amid Covid-19

The severity of the current virus wave is making the main agencies, S&P, Moody's and Fitch agitated

Boeing wins approval for 737 Max electrical fix, notifies airlines: Report

Boeing Co won approval from US regulators for a fix of an electrical grounding issue that had halted flights for about 100 737 MAX airplanes, clearing the way for their quick return to service

Bitcoin rebounds after Musk says Tesla will suspend using cryptocurrency

Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles

Global concern grows as deadly Covid-19 variant ravages rural India

Lacking beds, drugs and oxygen, many hospitals in the world's second-most populous country have been forced to turn away droves of sufferers

Cryptocurrency ethereum hits another record high as 2021 gains near 500%

Cryptocurrency Ether hit another record high on Wednesday, taking gains this year to close to 500% on the back of growing interest in decentralized finance applications

Oil prices rise to 8-week high on demand hopes; US export decline

Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand

Amazon wins $303-million court fight in blow to EU tax crusade

Setback renews calls from lawmakers in EU for an international corporate tax deal

US removes Xiaomi from blacklist, reversing late China jab by Trump

Xiaomi was among the more high-profile Chinese technology companies that former President Donald Trump targeted for alleged ties to China's military.

Most of India should remain locked down for 6-8 weeks: ICMR chief

Districts with over 10% Covid positivity rate should remain locked down, says Balram Bhargava while warning of disaster if Delhi reopens quickly after case surge

Oil prices on track for near two-year high on rising demand outlooks

Brent futures rose $1.12, or 1.6 per cent, to $69.67 a barrel by 10:44 am EDT (8.14 pm IST), while US West Texas Intermediate crude rose $1.10, or 1.7 per cent, to $66.38

Wall Street drops as strong April inflation data fuels rate hike bets

US consumer prices jump more than expected in April; Electronic Arts gains on upbeat revenue forecast

Fuel shortages worsen on sixth day of top US fuel pipeline outage

A ransomware attack on the Colonial Pipeline last week halted 2.5 million barrels per day of fuel shipments

In court, former Nissan executive Kelly denies helping Ghosn hide earnings

Ghosn escaped to Lebanon in December 2019 hidden in carry-on luggage on a private jet that flew out of Kansai Airport, while he awaited trial on charges of financial wrongdoing

Pandemic could have been prevented: Expert panel on WHO's handling of Covid

Independent panel's report says WHO should have declared emergency sooner, limited travel; calls for new global system to investigate disease outbreaks

Yamaha Motor to suspend production at two Indian plants due to Covid-19

This comes amid rising Covid infections across the country

Oil gains after cyberattack forces shutdown of US fuel pipelines

Colonial Pipeline said on Sunday its main fuel lines remained offline after the attack that shut the system on Friday, but some smaller lines between terminals and delivery points were now operational

Gold rises on hopes of low interest rates post bleak US jobs data

US nonfarm payrolls data on Friday showed jobs growth unexpectedly slowed in April, pushing the dollar to a more than two-month trough, making gold less expensive for holders of other currencies

Auto dealers predict slow sales recovery as Covid spreads to rural areas

Auto sales, especially cars and sport-utility vehicles (SUVs), bounced back strongly last year as buyers rushed to buy private vehicles to ensure safety and maintain social distance

Second-biggest cryptocurrency ethereum breaks $4,000 to hit record high

Bitcoin, the largest cryptocurrency, rose to a three-week high above $59,600 on Monday

Will Colonial fuel pipeline shutdown mean US pump prices rise?

The largest US fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyberattack