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China's Xiaomi announces smart EV business, to invest $10 bn over 10 years

Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing

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

Brent crude was down 50 cents, or 0.8%, at $64.48 a barrel by 0851 GMT. US oil was off by 58 cents, or 0.9%, at $60.98 barrel

Google Maps app to start directing drivers to 'eco-friendly' routes

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

After firing Turkey's central bank chief, Erdogan also removes deputy

President Tayyip Erdogan removed a central bank deputy governor, Murat Cetinkaya, from his post on Tuesday

Turkey removes deputy central bank governor Cetinkaya: Official Gazette

ISTANBUL (Reuters) - Turkish deputy central bank governor Murat Cetinkaya has been removed from his post, according to a presidential decree published in the Official Gazette on Tuesday.

SoftBank CEO Masayoshi Son considers bringing Coupang services to Japan

SoftBank Group Corp CEO Masayoshi Son said on Monday the conglomerate is considering bringing services from South Korean e-commerce firm Coupang to Japan

Japan asks Taiwan manufacturers to cooperate in production of chips

Japan has asked some Taiwanese manufacturers to cooperate in alternative production of semiconductors, industry minister Hiroshi Kajiyama said

Gold prices hover near 2-week low as US dollar rallies on economic recovery

Gold prices slipped on Tuesday, around a more than two-week low hit in the previous session, pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery

Global banks may lose more than $6 billion from Archegos Capital fallout

Japan's Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks

Traffic in Egypt's Suez Canal resumes after stranded ship refloated

With the 400-metre-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning, Suez Canal Authority (SCA) chairman Osama Rabie said

US Customs finds forced labour at Malaysia's Top Glove, to seize gloves

The US Customs has found forced labour practices in Top Glove Corp Bhd's production of disposable gloves and directed its ports to seize goods from the manufacturer, it said on Monday

US safety agency says it'll gather information on Jersey Tesla-truck crash

The US auto safety agency said on Monday that it will collect information about an accident in which a Tesla vehicle crashed into a tractor-trailer in New Jersey

Biden targets big offshore wind energy expansion to fight climate change

By Richard Valdmanis

Deutsche Bank CEO gives up oversight of investment bank in revamp

Germany's biggest bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its chief executive

Boeing wins biggest 737 MAX order since safety-ban lift from Southwest

Boeing Co said on Monday it sold 100 new 737 MAX-7 jets to long-time customer Southwest Airlines

SoftBank's Masayoshi Son eyes bringing Coupang services to Japan

SoftBank Group CEO Masayoshi Son said on Monday the conglomerate's domestic internet business Z Holdings is in talks with South Korean e-commerce firm Coupang about bringing its services to Japan.

India, US to revamp strategic partnership with focus on clean energy sector

India and the United States have agreed to revamp their strategic energy partnership to focus on greater collaboration in cleaner energy sectors such as biofuels, and hydrogen production

US suspends all trade engagement with Myanmar until elected govt returns

The United States is immediately suspending all engagement with Myanmar under a 2013 trade and investment agreement until the return of a democratically elected government, USTR Katherine Tai said

Visa allows payments using cryptocurrency, says 'seeing demand'

Company said it launched the programme with payment and crypto platform Crypto.com

China warns western brands not to engage in politics over Xinjiang

H&M, Burberry, Nike, Adidas and other Western brands have been hit by consumer boycotts in China since last week over comments about their sourcing of cotton in Xinjiang