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Volkswagen to buy credits from Tesla to comply with environment: Report

Shares in Volkswagen, the world's second-biggest automaker, have soared this year as investors warm to its plans to go electric.

Deliveroo's IPO slump casts doubt over London's post-Brexit ambitions

Shares in the food delivery company slumped as much as 30% on Wednesday in one of the biggest first day falls for a stock in London

S&P 500 hits 4,000 mark for first time on tech strength, reopening optimism

Seven of the 11 S&P sectors rose, with technology and communication services gaining more than 1.5%

US resumes calls to Saudi Arabia as OPEC+ debates increase or rollover

Trump insisted OPEC raise production to prevent prices from spiking too high

India state retailers' March petrol sales up 27.4% y/y; diesel up 28.6% y/y

Indian state retailers' gasoline and gas oil sales in March rose by 27.4% and 28.6%, respectively, from the low base of last year, when a lockdown to stem the spread of the coronavirus hit consumption

Gold rebounds from three-week low as dollar rally pauses, yields ease

Gold bounced back from a three-week low hit in the previous session, as the US dollar and Treasury yields eased, while President Biden's $2 trillion-plus jobs plan further supported the metal's appeal

Japan business confidence rebounds to pre-pandemic levels in 1st quarter

Japan big manufacturers' sentiment improved to pre-Covid levels in the first quarter while companies stepped up capital spending plans, suggesting the economy was benefiting from a recovery in demand

OPEC+ panel lowers oil demand growth forecast by 300,000 barrels per day

OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market's recovery as new coronavirus lockdowns take hold

Microsoft wins $21.9 billion contract with US Army to supply AR headsets

Microsoft Corp on Wednesday said it has won a deal to sell the US Army augmented reality headsets based on its HoloLens product and backed by Azure cloud computing services

Ford to update financial impact of global chip shortage next month

Ford said, while announcing the latest North American production cuts at seven plants due to the global chip shortage, that it would provide an update on April 28 to the expected hit to 2021 profit

Archegos fallout wipes $9 bn from market value of Credit Suisse, Nomura

Investors tallied the fallout from Archegos Capital's dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion while heightened scrutiny of the hedge fund industry loomed

Biden says $2 trillion jobs plan rivals the space race in its ambition

Biden called for a sweeping use of government power to reshape the world's largest economy and counter China's rise in a $2 trillion-plus proposal that was met with swift Republican resistance

Explained: What's in Joe Biden's $2.3 trillion infrastructure plan?

The infrastructure plan US President Joe Biden will roll out in Pittsburgh on Wednesday includes $2.3 trillion in investments

Biden proposes $2 trillion 'once-in-a-generation' investment in US economy

"It's a once-in-a-generation investment in America, unlike anything we've seen or done," Biden said in Pittsburgh

Oil prices mixed as US crude inventory draw supports, OPEC+ concerns weigh

By Laila Kearney

Pakistan resumes trade with India, lifts ban on cotton and sugar imports

Pakistani buyers have already started making inquiries about buying Indian sugar and cotton, which is being offered at lower prices than supplies from other countries, five dealers said

Biden kicks off effort to reshape US economy with infrastructure package

He also aims to put corporate America on the hook for the tab, which is expected to grow to a combined $4 trillion once he rolls out the second part of his economic plan in April

S&P 500 hits record high ahead of Joe Biden's spending plan outline

The size and scale of the proposal, as well as the question of how it would be paid for is likely to set the stage for the next partisan clash in Congress.

Coronavirus pandemic to shave 3% off global output in medium term: IMF

The Covid-19 shock could also have a bigger impact on the labor market over the medium- and longer term

Govt to borrow Rs 7.24 trillion from market in six months: Finance Ministry

The net borrowings during the next fiscal year will be about Rs 9.37 trillion