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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

Wall Street opens higher on optimism over Joe Biden spending plan

Tech stocks lifted all three major indexes on Wednesday as investors awaited details on US President Joe Biden's massive infrastructure plan, while Wall Street eyed its fourth straight quarterly gain

Amazon-backed Deliveroo shares dive 30% as debut of the decade turns torrid

Within minutes of the market opening on Wednesday, it lost 2.28 billion pounds of its value, which equity capital markets bankers said could undermine the market for some IPOs in Britain and Europe

Chinese phone, car, home appliance firms join semiconductor rush

By Josh Horwitz

Top Pak economic body allows import of cotton and yarn from India: Report

Pakistan's Economic Coordination Council, a top decision-making body, on Wednesday allowed the import of cotton and yarn from India

Britain's economy grew more than thought at end of miserable 2020

UK's Covid-hit economy grew more quickly than previously thought in the final three months of last year but still shrank by the most in more than three centuries in 2020 as a whole

Hitachi to buy US software developer GlobalLogic for $9.6 billion

Hitachi Ltd said on Wednesday it will buy US software company GlobalLogic Inc for $9.6 billion, as the Japanese industrial conglomerate aims to expand from electronics hardware to digital services

Database reveals secrets of China's loans to developing nations, says study

The terms of China's loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese state-owned banks ahead of other creditors, a study showed

Just 1 in 5 of world's biggest listed firms disclosed data about workforce

Just one in five of world's biggest listed companies disclosed data about their workforce in a survey run by a $7 trillion investor coalition, as they respond slowly to pressure to be transparent

US trade war pushing China to steal technology, talent, Taiwan says

The China-US trade war is pushing Beijing to step up its efforts to steal technology and poach talent from Taiwan to boost China's semiconductor industry's self-sufficiency, Taiwan said

Japan factory output falls, hit by quake, chips shortage amid Covid worries

Japan's factory output fell in February as an earthquake and semiconductor shortage led to declines in the production of cars and electrical machinery

'Optimistic' Federal Reserve policymakers see US economy about to boom

Federal Reserve policymakers are optimistic about the US economic outlook as more Americans are vaccinated and government aid gets to households and businesses, and they are not going to stand in way

Fujifilm CEO Komori, who oversaw push into healthcare, to step down in June

Fujifilm Holdings Corp said on Wednesday that Shigetaka Komori, who oversaw the company's transition from film business to healthcare, would step down as chairman and chief executive in June

Gold set for worst quarter since 2016-end on robust dollar, yields

Gold prices fell to their lowest in more than three weeks as elevated US Treasury yields and a rising dollar kept the metal on track for its biggest quarterly drop in over four years

Uncertainties may impact recovery in oil demand, says OPEC+ panel

OPEC+ has raised concerns that uncertainties may impact the recovery in oil demand due to rising numbers of virus infections globally and lockdown measures

US FCC commissioner urges tougher steps on Chinese network equipment

FCC Commissioner Carr called for new steps to ensure Huawei and ZTE equipment is barred from telecommunications networks and ensure no electronic devices produced with forced labor enter the US

Google Maps set to direct drivers to 'eco-friendly' routes based on traffic

Google, an Alphabet unit, said the feature would launch later this year in the US and eventually reach other countries as part of its commitment to help combat climate change through its services

Archegos meltdown to intensify shadow banking regulatory scrutiny: Report

The implosion of Archegos Capital and the resulting losses for global banks is likely to intensify regulatory efforts to curtail the ballooning shadow banking sector and shed light on its risks

BlackBerry misses 4th-quarter revenue est despite rebound in software sales

Canada's BlackBerry Ltd missed Wall Street estimates for fourth-quarter revenue on Tuesday, even as the company said sales of its QNX car software showed improvement