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France embraces Google, Microsoft in quest to safeguard sensitive data

Google and Microsoft, along with market leader Amazon, dominate the realm of data storage worldwide, fuelling concerns in Europe over the risk of surveillance by the United States

Dow opens lower as inflation worries persist after strong rebound last week

The Dow Jones Industrial Average fell 6.84 points, or 0.02 per cent, at the open to 34,375.29

World Economic Forum cancels 2021 annual meeting in Singapore due to Covid

WEF had already pushed back its special meeting in Singapore

Oil prices dip but recovery limits fall after fresh Asian restrictions

Brent crude fell 30 cents, or 0.4%, to $68.41 a barrel at 1302 GMT, and West Texas Intermediate (WTI) U.S. crude was down by 34 cents, or 0.5%, at $65.03.

India's cases decline but WHO expert says positive tests ominously high

Experts say official count is unreliable; Chief Scientist Soumya Swaminathan fears there could be worse to come in India

India's electricity use falls 6.2% in May due to Covid-19 lockdowns

Total daily average electricity supply to states fell to 3,666 billion units during the first sixteen days of May, compared with 3,910 billion units during the second half of April

Coronavirus: India's fuel demand plunges in May as states enforce lockdown

Gasoline and diesel sales over May 1-15 fell by about 20 per cent, while jet fuel consumption slumped by nearly 38 per cent, versus April 1-15 levels

Amid volatility, Bitcoin rallies from three-month low on Musk's tweet

Musk said Tesla would not sell its bitcoin, but the cryptocurrency has dropped by almost a quarter since Musk's reversal on Tesla taking it as payment

Global stocks steady, gold at three-month high on inflation concerns

Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns some economies could overheat

China's factory output slows in April as bottlenecks crimp production

While China's exporters are enjoying strong demand, global supply chain bottlenecks and rising raw materials costs have weighed on production

Bitcoin hits three-month low as Elon Musk drives investors to exit

Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin

Gold scales over three-month high on virus worries, lower US yields

Gold prices rose on Monday to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging Covid cases in some Asian countries boosted demand for metal

Oil edges lower as Covid-19 restrictions in Asia fuel demand concerns

Brent crude oil futures were down 8 cents, or 0.1%, at $68.63 a barrel as of 0036 GMT, and West Texas Intermediate (WTI) crude was down 7 cents, or 0.1%, at $65.30

Asia shares left listless as Chinese sales data misses expectations

Taiwan's government on Monday had to reassure investors it would stabilise stock and foreign exchange markets if needed amid a spike in Covid-19 cases

US President Joe Biden revokes Donald Trump orders on social media

The White House released an order by Biden revoking several of Trump's executive orders

India's 'never seen before' Budget may fall flat as virus strikes back

The health crisis has hit the Indian bureaucracy badly with many key officials infected by the coronavirus, slowing decisions on privatisations, among other proposed reforms

India's once-in-a-century budget runs into trouble as virus strikes back

The budget aimed to revive Asia's third-largest economy via investing in infrastructure and health care, while relying on an aggressive privatisation strategy and robust tax collections

Cipla says supply of Covid-19 drug Remdesivir catching up with demand

Backorders and complaints over low supply started moderating in the second week of May, the drugmaker said

Cairn Energy sues Air India to enforce $1.2 bn arbitration award: Report

The move ratchets up pressure on India's government to pay the sum of $1.2 billion plus interest and costs that the British firm Cairn was awarded by an arbitration tribunal in December

US capital running out of gas, even as Colonial Pipeline recovers

Widespread panic buying continued two days after the pipeline network restarted, leaving filling stations across the US Southeast out of gas