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India blocks two bank accounts of China's ByteDance in tax case: Report

ByteDance has mounted court challenge against directive, say sources; account freeze can hit ByteDance salaries, employees in India

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

Nazara hits lower limit after surging 84% on debut, stock ends 45% up

Market players said the spate of recent weak listings forced high networth individuals (HNIs) to take gains at the table

Suez Canal races to clear backlog as shipping convoys resume

By Nadeen Ebrahim

India extends shelf life of Serum's Covishield to 9 months: Report

The approval, given to a licensed version of the drug made by the Serum Institute of India (SII) and exported to dozens of countries, could help health authorities minimise vaccine wastage

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.

GameStop shakeup rolls on, hires Amazon executive as chief growth officer

The company's shares, which were at the heart of a Reddit-driven retail trading frenzy early this year, rose nearly 5% in pre-market trading

Apple to host developers event online again as Covid-19 cases surge

Apple said the event will be streamed for free again on its developer app or website

Nomura faces tough questions over global plans after US client loss

Nomura and other investment banks may lose more than $6 billion after lending to Archegos Capital, a US investment firm run by former Tiger Asia manager Bill Hwang

Airbus sees medium-haul air travel recovery by 2023, says report

Chief Executive Guillaume Faury said on a webcast on Tuesday that the recovery in air travel in Europe had been "very disappointing" so far in 2021 but that traffic was rebounding in the United States

Germany to discuss AstraZeneca Covid-19 shots after blood clot reports

Health Minister Jens Spahn will talk with his regional counterparts at 1800 CET (1600 GMT), a ministry spokesman said

Oil prices fall as Suez Canal opens, focus turns to OPEC+ output

Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel

Wall Street opens lower as spike in US bond yields pressures tech stocks

The Dow Jones Industrial Average fell 43.5 points, or 0.13%

Suez Canal authority expects 140 more ships to pass through the waterway

Egyptian President said the Ever Given's grounding had drawn attention to the importance of the waterway for global trade

Asian countries seek vaccine supplies after India export curbs hit COVAX

India, the world's biggest vaccine maker, has put a temporary hold on exports of AstraZeneca's vaccine being manufactured by Serum Institute of India (SII), as officials focus on meeting rising domest

Samsung says chip production returns to near-normal levels at Texas unit

Samsung and other chipmakers with production facilities in the area had seen shutdowns due to severe weather on Feb 16

Received no compensation claims: Japanese owner of Ever Given ship

UK P&I Club has said that it was the protection and indemnity insurer for the Ever Given