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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 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

Britain invites G7 leaders for first in-person summit in 2 years

It would be Joe Biden's first trip to Europe after he becomes president

Lebanon inks final deal for 2.1 million doses of Pfizer-BioNTech vaccine

Lebanon's caretaker health minister signed a final deal on Sunday to secure 2.1 million doses of Pfizer-BioNTech's Covid-19 vaccine as the country battles a steep rise in infections

DHFL creditors vote in favour of Piramal's $5 billion bid: Report

Creditors of India's Dewan Housing Finance Corp have voted in favour of a $5.09 billion takeover bid submitted by the Piramal Group for the troubled "shadow" lender, a source said

With Samsung 'at crossroads', heir Jay Y Lee looks to make his mark

On Monday, he faces sentencing on a bribery charge that could sideline him from the world's largest smartphone and memory chip maker

Vedanta Zinc International reopens Gamsberg mine in South Africa

Mining has started again following a closure in November when a pit wall collapsed

RBI likely to propose stricter regulations for shadow banks: Report

RBI looks to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years

After long journey, Fiat Chrysler, PSA to seal merger to become Stellantis

Shares in Stellantis, which will be headed by current PSA Chief Executive Carlos Tavares, will start trading in Milan and Paris on Monday, and in New York on Tuesday

Weak retail data, Covid-19 lockdowns weigh on stocks and oil; dollar rises

U.S. bond yields and stocks had risen recently partly on expectations about the rollout of coronavirus vaccines and on a massive stimulus plan

US President-elect Joe Biden unveils plan to speed Covid-19 vaccine rollout

According to a document released by his transition team, Biden would invoke the Defense Production Act to increase production of equipment needed to distribute the vaccines

Outgoing Trump admin mulls industry-wide biofuel waiver for oil refiners

The proposal for a general waiver could open the door to a contentious debate between the oil and biofuel industries just as Trump leaves the White House

Oil prices drop over 2% on China lockdowns, US stimulus concerns

Brent fell $1.32, or 2.3%, to settle at $55.10 a barrel

WhatsApp to delay launch of new business features after privacy backlash

The delay is a setback for WhatsApp's plan to generate revenue by facilitating commercial exchanges on the messaging app, which Facebook acquired for $19 billion in 2014 but has been slow to monetize

Amazon faces class-action lawsuit over eBook pricing, says report

The lawsuit comes a day after Connecticut said it was investigating Amazon for potential anti-competitive behaviour in its business selling digital books

Global temperatures in 2020 among highest on record, says WMO report

WMO said the differences in average global tempe­ratures among the three warmest years, 2016, 2019 and 2020, were indisting­uishably small