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Oil prices steady in undersupplied market but virus clouds demand

Oil prices were steady on Monday as the spread of the Covid-19 Delta variant stoked fears over future fuel demand, though crude supply looks set to be tight through the rest of the year

Paytm eyes IPO by Oct-end, hopes to break even in 18 months: Report

Paytm's IPO plan comes at a time when several first-generation homegrown startups in India prepare to go public on domestic bourses

US will not lift travel restrictions, citing Delta Covid variant: Official

The restrictions have brought heavy criticism from people prevented from seeing loved ones.

EU gives Google 2 months to improve hotel, flight search results

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How the 'fittest and fastest' Delta variant upends assumptions about Covid

Evidence is also mounting that it is capable of infecting fully vaccinated people at a greater rate than previous versions

Wall Street enforcement to get tougher as SEC's new top cop gets to work

Former New Jersey Attorney General Gurbir Grewal starts work at the U.S. Securities and Exchange Commission (SEC) on Monday

India to miss July-end Covid vaccination target as Bharat Biotech lags

The government had been counting on deliveries of 60 million to 70 million Covaxin doses monthly from July or August.

Gold prices buoyed by lower yields, virus woes; Fed meeting in focus

Spot gold rose 0.3% to $1,806.80 per ounce by 0649 GMT.

Philips beats earnings forecast; mobilises for respiratory device recall

The group also announced a 1.5 billion euro share buyback set to start in the third quarter and take up to three years.

Asia stocks hit 2021 lows as China skids, funds favour Wall Street

Chinese blue chips shed 4.4% to their lowest since December

Bitcoin leaps 12% to test recent peaks, ether hits 3-week high

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week

Dollar holds near multi-month highs as US Fed meeting in focus

By Kevin Buckland

Oil prices little changed, coronavirus, floods threaten demand

By Florence Tan

Tokyo Olympics 2020: American medal rush begins with a splash

Host Japan follows China in list for most gold medals

Global supply chains buckle as virus variant and disasters strike

Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, parts and consumer goods

US FTC asks for more time to file amended complaint in Facebook case

The US Federal Trade Commission asked a court on Friday for more time to file an amended complaint in its antitrust lawsuit against Facebook Inc

Global insurance recovery will be faster, stronger than in 2008: Swiss Re

The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation

Tesla lobbies India for sharply lower import taxes on EVs: Report

Tesla Inc has written to Indian ministries seeking a big reduction in import duties on electric vehicles, a move it says will boost demand and generate revenue for the government, two sources said

Let the games begin: With over 100 Covid cases, Olympics get underway

The total number of cases directly linked to the Games stood at 106 on Friday with 11 of them athletes.

Car chip shortage to abate; smartphones next: Industry executives

The automotive sector has suffered the most this year but supply to the sector could improve relatively soon, with China taking up some production demand that Taiwan could not meet