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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

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

U.S. Treasury yields vaulted to their highest since the pandemic began on expectations of a strong economic expansion and related inflation

Car sector seeks more British government support as output tumbles

Output in January fell by 27% year-on-year to 86,052 vehicles, hit by factors including dealership closures during a latest Covid-19 lockdown

GameStop jumps nearly 19%; 'meme stocks' fade after another wild ride

"The power of the "three R's" (Robinhood, Retail, Reddit) are back in play," said Neil Campling, head of technology research at Mirabaud Securities

G20 to pledge support for robust post-Covid-19 recovery, cash for IMF

Finance ministers and central bank governors of the world's top 20 economies, called the G20, will hold a video-conference on Friday and the global response to the unprecedented havoc wreaked by Covid

Texas lawmakers look to lay blame for deadly blackout, investigation on

"Who's at fault?" State Representative Todd Hunter demanded of utility executives. "I want to hear who's at fault. I want the public to know who screwed up"

Tesla to cut Model 3 production in US for 2 weeks due to parts shortage

Several automakers, including General Motors, Volkswagen, and Ford Motor, are hit by the shortage of chips, forcing them to scale down production

Boeing, hit with $6.6 million FAA fine, faces major 787 repair bill: Report

The Federal Aviation Administration said Boeing had agreed to pay $6.6 million in penalties after the aviation regulator said it failed to comply with a 2015 safety agreement

Twitter aims to double revenue by 2023, teases new 'super follow' feature

The "super follow" feature, which lets users charge followers for access to exclusive content, will launch this year, a spokesman said

India tightens regulatory grip on Facebook, WhatsApp with new rules

India is the largest market by users for both Facebook and its messenger service WhatsApp

Wall Street ends sharply lower, tech selloff weighs as bond yields climb

The Dow and the S&P 500 notched their biggest daily decline since late January

Google pledges changes to research oversight after internal revolt

Google Research executives said they were working to regain trust after the company ousted two prominent women and rejected their work

Twitter plans to double revenue in 2023 to $7.5 bn, shares hit record high

In a regulatory filing, Twitter estimated reaching at least 315 million monetizable daily active users (mDAU), or those who see ads, by the fourth quarter of 2023