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Trump team plans sweeping rollback of Biden's EV, emissions policies

The recommendations, which have not been previously reported, come as the US electric-vehicle transition stalls and China's heavily subsidized EV industry continues to surge

China to boost household income with direct support, social security steps

Policymakers are weighing inclusion of more products in high demand and with potential for replacement in the scheme, as this programme had a "very good" effect this year, it added, without stating

EU imposes new sanctions on Russia, illicit oil shipments, targets China

The EU began adding ships this year in response to an increase in the number of vessels transporting cargoes that are not regulated or insured by conventional Western providers. The listing included

Bitcoin hits record high of $107,000, hopes grow for strategic reserve

Bitcoin, the world's biggest and best known cryptocurrency, extended gains to a session high of $107,148 and was most recently at $106,877, up 5.43% from late Friday

Arm, Qualcomm begin trial over AI PC chip Nuvia's licensing dispute

During opening arguments, attorneys for both companies displayed on a screen for jurors images of contracts, emails and internal corporate chats with key language highlighted

SECI changes bidding policy after bribery allegations on Adani Group

About 75 per cent of SECI's new bids for renewable power will now be based on specific demand from states instead of the earlier practice of mainly seeking power suppliers first through tenders

US treasury yields dip as traders await Fed's rate decision due on Wed

The Fed is expected to say that it will be in no rush to make further cuts as inflation improves but remains above its 2 per cent annual target, while the labor market also remains relatively strong

Ten EU nations write letter seeking wider sanctions on Russian-origin metal

There are more than 2,000 individuals and entities on the EU's sanctions list, but not Russian metal producers such as Rusal or primary metal produced in Russia

Canada's finance minister resigns after policy clash with PM Trudeau

Domestic media reports said Freeland and Trudeau had clashed over a government proposal for temporary tax breaks and other spending measures

Brazilian currency faces volatility as Prez Lula criticises rates level

Speaking in an interview with TV Globo aired late on Sunday, the leftist leader called the interest rate hikes "irresponsible" and said his government would "take care of that"

US finalises $9.63 billion loan for Ford, SK On joint battery venture

BlueOval SK said it has invested more than $11 billion to date in the construction of the three 4-million-square-foot facilities and plans to begin production at the first Kentucky plant in 2025

GST Council likely to consider lowering tax on online food delivery fees

The potential tax cut, which could take effect from Jan. 1, 2022, would not allow food delivery platforms such as Zomato and Swiggy to claim tax credits

Lenders Berkshire Hills Bancorp, Brookline to merge in $1.1 bn deal

Both Berkshire and Brookline are headquartered in Boston, Massachusetts and each hold around $12 billion in assets. The deal is set to create a $24 billion bank with a geographic footprint across five

SoftBank CEO announces $100 bn US investment in meeting with Trump

Son will also promise in a joint announcement with Trump to create 100,000 jobs focused on artificial intelligence (AI) and related infrastructure

Dollar hovers near 3-week high before Fed meet, bitcoin tops $106,000

Bitcoin soared above $106,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve

Men signing up for military voluntarily turning the tide of war: Putin

He said roughly 430,000 Russians had signed army contracts this year, up from roughly 300,000 the year before, a factor he said had huge importance for Russia's war effort

Insurers flock to catastrophe-hit US property market amid rising risks

Recent large US hurricanes Helene and Milton have added to concern about property losses. However, the increasing regularity of extreme weather events has stoked the market for more expensive excess

China to optimise use of special bonds for economic recovery next year

China has said local governments will be allowed to use special bonds to purchase unused land and support the purchase of existing commercial housing for use as affordable housing

Hurt by weak yuan, rise in US bond yields, Rupee logs record closing low

A decline in the yuan and elevated US bond yields had weighed on the rupee through the session and the currency declined further after the trade data was released

Tata faces pressure in Starbucks venture as Indian consumers cut back

However, Tata Consumer's CEO still expects its bet on coffee to pay off in the longer run as the country's coffee culture grows and cafe density is still low compared with other Asian countries such