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Alibaba freezes executive pay rises amid China's big-tech crackdown: report

This is in an effort to preserve its workforce amid a regulatory clampdown: report

Euro zone GDP shrinks less than expected in Q1, April inflation rises

The core inflation drop reinforces calls by European Central Bank doves to maintain the stimulus to the economy

European Union hits Apple with music streaming charge in boost for Spotify

Apple found itself in the European Commission's crosshairs after Sweden-based Spotify complained two years ago

British banks fund supplies to help coronavirus-stricken India

India's total coronavirus cases exceeded 18 million on Thursday

Global FDI hit 15-year low in 2020, China overtook US: OECD data

China was one of the few major economies to eke out growth

Under-supplied metal palladium races past $3,000/oz for first time

Meanwhile, spot gold was down 0.2% at $1,769 per ounce by 0910 GMT.

India's bank credit growth may dip further after touching record low

Amid Covid surge, some experts fear credit growth may worsen as a dramatic improvement in macroeconomic outlook anytime soon looks unlikely

World shares near record high, euro upbeat on Fed decision, earnings

In Europe, euro Stoxx futures were steady and Britain's FTSE 100 traded up 0.2%.

Huawei deepens dive into EVs, seeks control of small automaker: report

The push into smart cars, if finalised, would signal a major shift in business focus for Huawei

AstraZeneca reports Covid vaccine sales of $275 mn, expects hit to ease

The results come after a bruising start to the year as the drugmaker struggles with production of its vaccine and faces a legal battle after cutting deliveries to Europe

AstraZeneca first-quarter Covid-19 vaccine revenue at $275 million

This is the first time the drugmaker has given financial details from the distribution and sales of its vaccine.

Amazon expects spring windfall as US economy reopens, posts record profits

Amazon said it expects operating income for the current quarter to be between $4.5 billion and $8 billion, which assumes about $1.5 billion of costs related to Covid-19

Shell raises its dividend for second time in six months as profits surge

Sales of oil and gas assets in countries including Nigeria, Canada and Egypt added $1.4 billion to first-quarter profits

S&P 500, Nasdaq hit record highs on tech earnings boost, upbeat data

Apple Inc gained 1.0% after posting sales and profits ahead of Wall Street estimates

US economic recovery gains steam as spending fuels 6.4% GDP growth in Q1

Personal consumption, the biggest part of the economy, surged an annualised 10.7%, the second-fastest since the 1960s

Oil prices increase, bullish demand outlook offsets India concerns

Oil prices increase, bullish demand outlook offsets India concerns

Domino's Pizza quarterly revenue misses estimates on slowing demand

Demand for its pizzas weakened after coronavirus-led restrictions were eased in the United States

Unilever plans $3.6 billion buyback as China and home cooks boost growth

It also forecast a slight increase in underlying operating margin this year

Samsung takes back smartphone crown from Apple; China's Xiaomi surges

Xiaomi clocked its best quarterly performance ever

Airbus sticks with plan to raise production of its jets, shares rise

India is one of Airbus' biggest markets