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China's Huawei, reeling from US sanctions, plans foray into EVs: Report

Huawei was placed on a trade blacklist by the Trump administration over national security concerns

Indian rupee, bonds weaken tracking US treasuries; more falls likely

India's central bank governor told investors on Wednesday to trust the bank to manage the government's massive borrowing programme

Pfizer Covid-19 vaccine reduces transmission after one dose: UK study

The study and its results have yet to be independently peer-reviewed by other scientists

India's April-Jan fiscal deficit hits 66.8% of full-year target

The federal fiscal deficit in the 10 months to end-January stood at 12.34 trillion rupees ($167 billion)

World's most popular crypto Bitcoin declines over 6% to lowest in two weeks

The sell-off echoed that in equity markets

Pandemic pushes British Airways-owner IAG to record $9 billion loss

The group, which also owns Aer Lingus, Iberia and Vueling, has been trying to boost its finances as the crisis drags on

Astra, Sputnik vaccines face hurdles if Covid shots become annual affair

Moderna as well as Pfizer and partner BioNTech said in separate statements this week they are studying additional booster shots that target new variants over time

Australia lifts ban on Boeing 737 MAX, among first in Asia-Pacific region

No Australian airlines operate the 737 MAX, but Fiji Airways and Singapore Airlines Ltd operated them on flights to Australia

Oil drops 1% on US dollar strength, expectations for supply gains

Brent crude futures for April, which expire on Friday, fell 86 cents, or 1.3%, to $66.02 a barrel

Inflation target band of 2-6% appropriate for next 5 years: RBI report

The finding is part of RBI's 'Report on Currency and Finance' for 2020-21

Britain sets out blueprint to keep fintech 'crown' after Brexit

Britain has a 10% share of the global fintech market, generating 11 billion pounds ($15.6 billion) in revenue

Planemaker Airbus unveils emissions data amid climate pressure

Airbus also reported emissions from its factories, giving a glimpse of a multinational network linked by boats, trucks, barges and huge airlifters

Gold prices headed for second monthly decline as Treasury yields rise

Prices had dropped 1.9% on Thursday as benchmark U.S. Treasury yields hit their highest since the pandemic began, lifting the dollar

China's Huawei, reeling from US sanctions, plans foray into EVs: Report

Huawei has started internally designing the EVs and approaching suppliers at home, with the aim of officially launching the project as early as this year, three of the sources said

Hyundai bought chips when rivals didn't; its assembly lines keep rolling

The South Korean automaker kept buying chips even as rivals cut orders to reflect diminished demand because of the pandemic

Biden USTR nominee Tai vows to end trade race to the bottom, counter China

Achieving Biden's trade goals would require stronger, more resilient U.S. supply chains and investments in people and infrastructure to boost American competitiveness, she said

Australia lifts ban on Boeing 737 MAX, first in Asia-Pacific region

"We...are confident that the aircraft are safe," Graeme Crawford, the acting chief of the Civil Aviation Safety Authority, said in a statement

India's economy probably resumed growing last quarter post-2020 recession

The forecasts ranged from a contraction of 4.7% to growth of 2.6%. India is set to announce GDP data for the December period on Friday

Asia stocks skid as global inflation fears, tech woes hit Wall Street

Japan's Nikkei 225 was down 1.8 per cent while Hong Kong's Hang Seng index futures lost 1.69 per cent

Oil mixed, US crude hits highest since 2019 as refineries restart

Brent futures for April delivery fell 16 cents, or 0.2%, to settle at $66.88 a barrel. The April Brent contract expires on Friday