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Ferrari turns to technology industry for its electric era leader

Vigna's appointment shows Ferrari's development strategy remains firmly anchored in making cutting-edge, high-end cars in an electric future

Dieselgate: VW will get $351 mn in settlement with former executives

The settlement marks a major milestone in Volkswagen's efforts to turn a page on its biggest ever corporate scandal

EU antitrust regulators turn focus on Siri, Alexa and Google Assistant

The EU antitrust watchdog said respondents cited worries over certain exclusivity and tying practices related to voice assistants

LG Energy moves ahead on South Korea IPO that IFR says may raise $10-$12 bn

LG Energy and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size

$244-billion Bill to counter China tech threat gets US Senate nod

Creating 'imaginary enemy', Beijing denounces the sweeping package

Brent oil benchmark hits 2-year high, WTI crude highest since 2018

Brent crude futures were up 44 cents, or 0.6%, at $72.66 a barrel at 1338 GMT, having earlier touched $72.83, the highest since May 20, 2019.

India's natural gas consumption starts to stage recovery in June

Gas consumption has returned to its normal level in the last week: Manoj Jain, chairman of GAIL (India)

GameStop set to report earnings results as shares reach for peak

The company on April 5 said its global sales rose 11% in the first nine weeks of its fiscal year.

May retail inflation likely rebounded to 5.3% on higher food prices: Poll

Higher international prices for commodities including crude, edible oils and gold are clearly spilling over into consumer inflation, says an economist

Brent oil benchmark hits two-year high, WTI highest since 2018

Brent crude futures were up 32 cents, or 0.3%, at $72.42 a barrel at 0911 GMT

China's highest producer inflation in 12 yrs highlights price pressures

China's May factory gate prices rose at their fastest annual pace in over 12 years

Japan policy blueprint focuses on green, digital, sticks to fiscal target

For next year's budget, the blueprint urged directing more resources to four areas: digital transformation, a greener society, the revival of regions and childcare support

AirAsia has grounded around 90% of fleet amid Covid-19 surge - executive

This comes amid a resurgence of Covid-19 outbreaks

Oil climbs on signs of strong fuel demand recovery in western economies

Brent crude futures were up 32 cents, or 0.4%, at $72.54 a barrel at 0640 GMT, having earlier touched $72.83, the highest since May 20, 2019.

Global supply chain squeeze, soaring costs threaten solar energy boom

The situation suggests slower growth for the zero-emissions solar energy industry at a time world governments are trying to ramp up their efforts to fight climate change

Gold prices hold steady as spotlight shifts to US data, ECB meeting

Gold prices held steady on Wednesday as bond yields remained under pressure, with investors on the sidelines ahead of more data on US inflation

Global crypto exchanges scout entry into India despite potential ban

US-based Kraken, Hong Kong's Bitfinex and rival KuCoin are actively scouting the market, says report.

Oil prices rise for second day on signs of strong fuel demand recovery

Brent crude futures were up 15 cents, or 0.2%, at $72.37 a barrel at 0131 GMT and earlier rose to $72.58, the highest since May 20, 2019. Brent rose 1% on Tuesday

Joe Biden supply chain 'strike force' to target China on unfair trade

Biden administration rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries

Apple, Chinese manufacturers in talks on US car battery factory: Report

Apple Inc is in early-stage talks with China's CATL and BYD about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said.