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Samsung's Jay Y Lee receives two-and-a-half year jail term in bribery case

South Korea's Seoul High Court sentenced Samsung Electronics vice chairman Jay Y Lee to a two-and-a-half year jail term, the court said on Monday

Budget seen raising import duties by 5%-10% on dozens of items: Report

Finance Minister Nirmala Sitharaman will unveil the budget on Feb. 1

'Brexit carnage': shellfish trucks protest in London over export delays

Many fishermen have been unable to export to the EU since catch certificates, health checks and customs declarations were introduced at the start of this year

US Capitol shut down temporarily out of caution over fire nearby

The lockdown comes just days ahead of President-elect Joe Biden's inauguration

IMF chief sees 'high degree of uncertainty' in global outlook due to Covid

Kristalina Georgieva said a new allocation of the IMF's own currency, Special Drawing Rights, would help give countries more fiscal space to tackle the health crisis and to a digital and green economy

Maruti Suzuki India to hike prices from Jan 18 to tackle higher costs

The firm will raise prices for some car models due to a rise in some input costs

Jindal Steel in talks to get Covid-19 vaccines for its employees

The Indian government kicked off one of the world's largest vaccination campaigns over the weekend

Trump admin slams China's Huawei, halting shipments from Intel: Report

The United States made the latest decisions during a half dozen meetings starting on Jan. 4

Southeast Asia's ride-hail firm Grab considering U.S. IPO this year: Report

Grab is a Singaporean ride-hailing firm

Indian shares drop as shadow lenders fall on fears of tighter rules

Gains in heavyweights HDFC Bank and Reliance Industries capped losses

Reliance to embed e-commerce app into WhatsApp within six months: Report

The move to integrate JioMart with WhatsApp will allow hundreds of millions of users to order products from Reliance without having to leave the app

French energy group Total buys 20% stake in India's Adani Green Energy

Total said on Monday that its purchase of the stake in AGEL would give Total a seat on the board of directors of AGEL

Economic impact from rising Covid cases in China controllable: Stats Bureau

China has experience and capacity to control the virus, Ning told reporters at a press conference

Biden may cancel Keystone XL pipeline permit likely on first day: Report

The project, which would move oil from the province of Alberta to Nebraska, had been slowed by legal issues in the United States

Gold steadies as prospects of major US stimulus offsets firm dollar

Earlier in the session, the U.S. dollar held near a four-week peak against rival currencies, making gold expensive for holders of other currencies

Biden likely to pick FTC member Chopra to head consumer financial regulator

Chopra, an ally of Democratic Senator Elizabeth Warren, had been considered a top candidate for the job

Oil prices drops 1% as rising coronavirus cases end supply-led rally

US oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session

China's Q4 GDP grows 6.5% y-o-y, beats expectations as recovery gains pace

The gross domestic product (GDP) growth was faster than the 6.1% forecast by economists in a Reuters poll, and followed 4.9% growth in the third quarter

Samsung's Lee faces sentencing for bribery charge after 4 years of trials

Lee, 52, was convicted of bribing an associate of former President Park Geun-hye and jailed for five years in 2017

Trump admin slams China's Huawei, halting shipments from Intel: Report

The action - likely the last against Huawei Technologies under Republican President Donald Trump - is the latest in a long-running effort to weaken the world's largest telecom equipment maker