Page 1053 - Reuters/workspace/business Standard Web/video

UAE lifts entry ban for vaccinated residents of India, some other countries

Countries from which residents can fly into the UAE from Sept. 12 are: India, Pakistan, Bangladesh, Nepal, Sri Lanka, Vietnam, Namibia, Zambia among others

Oil rallies to $73 on tight US supplies due to Ida, Biden-Xi call

Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as US-China trade hopes gave riskier assets a boost

Toyota Motor cuts production target by 3% on parts and chips shortages

Toyota Motor Corp cut its annual production target by 300,000 vehicles on Friday as rising Covid slowed output at parts factories in Vietnam and Malaysia, compounding a global shortage of auto chips.

Gold price bounces over $1,800 on growth risks, but bound for weekly dip

Gold continues to remain a buy on dips because central banks are in no hurry to raise interest rates

Oil recovers as tight US supplies offset China reserves sale plan

By Florence Tan and Sonali Paul

Biden, Xi speak for first time since Feb, agree to avoid conflict

A White House statement said the two leaders had 'a broad, strategic discussion'

Toyota cuts annual car production target on parts and chips shortages

The Japanese car maker now expects to build 9 million vehicles in the year to March 31, rather than 9.3 million

Google's voice assistant under new EU antitrust investigation: Report

A fresh EU antitrust case could expose Alphabet Inc's Google to a fine as much as 10% of its global turnover

Gaming giants lose $60 billion on China's sermon against profit

Regulators slow down nod for new online games; warning against metaverse stocks, too

ECB trims Covid-19 pandemic support but insists there's 'no tapering'

The ECB did so by slowing the pace of its Pandemic Emergency Purchase Programme (PEPP), which has kept borrowing costs low as governments took on unprecedented amounts of debt

Facebook is developing a machine learning chip, says report

The company has developed another chip for video transcoding to improve the experience of watching recorded and live-streamed videos on its apps, according to the report

Oil steady; US gasoline demand offsets China move to tap oil stocks

Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic refiners and a smaller than expected US weekly crude draw

Investors betting on 'stable' choice of renomination of Powell as Fed chair

Wall Street is widely expecting that Powell, who was nominated for the role by President Donald Trump in 2017, will be renominated by President Joe Biden for another four-year stint.

Euro inches higher ahead of expected reduction in ECB's bond buying

The ECB holds a policy meeting on Thursday at which it is expected to announce a trimming of the pace of its asset purchases

Remote learning setting back millions of children in South Asia: UNICEF

In India, 80% of children aged 14-18 reported lower levels of learning than when physically at school

Indian shares muted as energy stocks offset tech, financial losses

Indian shares were unchanged on Thursday as gains in the energy sector offset losses in some technology and financial stocks

Gold steady as investors await US jobs data to gauge Fed's taper path

Spot gold was little changed at $1,814.58 per ounce by 0646 GMT, while U.S. gold futures traded flat at $1,816.50.

ByteDance says it will downsize fintech biz, plans to sell stock broker ops

ByteDance, the owner of TikTok, said it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the fintech sector

Carmaker Mahindra warns of 20% dip in production due to chip shortage

Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages

Oil prices drop after OPEC+ reaffirms supply return as demand wavers

Oil prices fell after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many US refiners remained offline