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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

Ballot review in watershed Amazon union election to stretch into Wednesday

Labor board staff have begun sifting through ballots sent to over 5,800 workers at Amazon's Bessemer, Alabama-based warehouse, as part of a process expected to last days and spark legal challenges

Honda Motor recalls 761,000 vehicles worldwide to replace fuel pumps

Honda Motor Co said on Tuesday it will recall about 761,000 vehicles worldwide to replace fuel pumps that could fail and lead to engine problems

Saudi announces $1.3 trn pvt sector investment push led by Aramco, SABIC

The move aims to mobilise the Gulf Arab state's private sector to help wean the economy off its reliance on oil exports, which still account for more than half the state's income

China's Xiaomi to invest $10 billion in new EV unit over 10 years

China's Xiaomi announced plans to invest $10 billion in a new smart EV business, and separately to release a self-developed computing chip, as the group expanded out of its core smartphone business

China's factory growth accelerates most in 3 months, bolsters recovery

China's manufacturing activity expanded at the fastest pace in three months in March as factories cranked up production after a brief lull during the Lunar New Year holidays

Wells Fargo says no losses from Archegos downfall

Wells Fargo & Co said on Tuesday it had a prime brokerage relationship with Archegos Capital and it did not experience any losses related to the closing of its exposure

Pakistan PM Imran Khan replaces finance minister as part of govt shake-up

Hammad Azhar, the minister for industries and production, will replace Abdul Hafeez Shaikh

After Visa, PayPal Holdings launches cryptocurrency checkout service

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said

Leaders of 23 countries back pandemic treaty idea for future emergencies

The idea of such a treaty, also aimed at ensuring universal and equitable access to vaccines, medicines and diagnostics for pandemics, was floated by the chairman of European Union leaders

Suez Canal races to clear backlog as shipping convoys resume

By Nadeen Ebrahim

Pakistan to get 3 mn doses of Covid-19 vaccines from China's CanSino

Pakistan began a vaccination drive last month with over a million doses of Sinopharm vaccines donated by long-time ally China

Gold price slides 2% to three-week low on strong US dollar, yields

The dollar index jumped to a more than four-month high, making greenback-denominated gold more expensive for holders of other currencies.

BioNTech-Pfizer raise 2021 Covid-19 vaccine output goal to 2.5 bn doses

Pfizer previously said the partners would likely produce between 2.3 billion and 2.4 billion doses in 2021

Volkswagen confirms it will rebrand its US unit as 'Voltswagen'

The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker's US website.