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Apple agrees to testify before US Senate on app store antitrust concerns

App makers have long complained that mandatory revenue sharing payments and strict inclusion rules set by Apple's App Store for iPhones and iPads

China's auto sales surge 75% in March, 12th straight monthly gain

Auto sales in China surged in March for their 12th consecutive month of gains, as the world's biggest car market leads the sector's recovery from the Covid-19 pandemic

China set to clear Tencent's $3.5 bn deal to acquire search engine Sogou

The move highlights Chinese regulators are still looking to approve merger and acquisition deals in the tech sector, but now with strict conditions

India's retail inflation likely rose in March but stayed within target

The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40% in March from a year earlier as opposed to 5.03% in February. Forecasts ranged from 4.60% to 6.11%

GameStop's strong stock performance triggered board director's exit

Giving up the board seat allows Wolf to sell GameStop shares for his investors without restrictions to meet redemption requests

Amazon union drive losing by wide margin with nearly half the votes counted

The union says there have been hundreds of contested ballots, making it unclear the number of votes needed to declare a winner

Tesla scouts for showroom space in India, hires exec for lobbying: Report

The electric-car maker in Jan registered a local company in India, where it is expected to import and sell the Model 3 sedan by as early as mid-2021, seeking to target rich customers in a niche market

11 killed as Myanmar protesters fight troops with handmade guns, firebombs

Taze is near the town of Kale, where at least 12 people were killed in a similar clash between troops and protesters on Wednesday

Singapore deputy PM steps aside as future PM, in succession setback

Heng, who will turn 60 this year, is set to give up his portfolio as finance minister at the next cabinet reshuffle, which local media said is expected in about two weeks.

MacBook, iPad production delayed as supply crunch hits Apple: Report

Production of some of Apple Inc's MacBooks and iPads has been postponed due to a global component shortage, the Nikkei reported on Thursday.

Gold hits three-week peak as Fed's dovish tone pressures dollar, yields

By Sumita Layek

Australia backs Pfizer virus vaccine over AstraZeneca for under-50s

Australia's Chief Medical Officer, Paul Kelly, told reporters the risk of clots was extremely low.

S&P 500 hits new high by gains in tech stocks after Fed keeps rates low

The benchmark S&P 500 hit a record high on Thursday, helped by gains in tech-related stocks, a day after the Federal Reserve reiterated its pledge to keep interest rates low

Saudi $7 trillion investment goal puts spotlight on oil prices: Report

In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices

Tesla lashes out at German red tape ahead of planned site opening

Tesla sharply criticised lengthy regulatory processes in Germany ahead of the planned opening of its first European gigafactory this summer

Gold gains as dollar, yields fall after US Federal Reserve maintains stance

Spot gold gained 0.3 per cent at $1,741.85 per ounce by 0927 GMT. US gold futures rose 0.1 per cent to $1,742.90 per ounce

Global shares lifted to record highs by lockdown easing, benign Fed

Stocks in Europe reached record highs, buoyed by optimism in Britain over easing lockdown restrictions, while a benign outlook for US interest rates was set to push Wall Street to new heights

World food price index rises in March for 10th month running: FAO

World food prices rose for a 10th consecutive month in March, hitting their highest level since June 2014, led by jumps in vegetable oils, meat and dairy indices, the United Nations food agency said

Coal's share in India's power mix hits highest in more than two years

This year seasonal factors have limited output of renewables, including hydro electricity, which are weather dependent, helping coal's share to rebound

African Union drops plans to buy Covid vaccines from Serum, pivots to J&J

The statement comes the day after European and British medicine regulators said they had found possible links between AstraZeneca's vaccine and reports of very rare cases of brain blood clots