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Google closes Fitbit deal as US, Australia probe $2.1 billion transaction

Google closed its deal to buy fitness tracking company Fitbit, the companies said, even as US and Australian competition regulators said they were continuing probes of the $2.1 billion transaction

IMF urges countries to continue strong fiscal and monetary support

In October, the Fund forecast a 4.4% global GDP contraction for 2020, followed by a rebound to growth of 5.2% for 2021.

'Not the time' to discuss any change to bond purchases: Fed's Powell

Powell promised that would be the case with the current purchases as well.

Hundreds of US election videos deleted by YouTube, says Sundar Pichai

Pichai also said regulations over content moderation makes sense if clear policies are laid out

Trump admin adds China's Comac, Xiaomi to Chinese military blacklist

The companies will be subject to a new US investment ban which forces American investors to divest their holdings of the blacklisted firms by Nov. 11, 2021.

Govt brings forward target of 20% ethanol-blending with gasoline by 2025

Last year the government had set a target of reaching 10% ethanol-blending by 2022 - meaning 10% of ethanol mixed with 90% of gasoline - and 20% by 2030

Gold edges higher as weak US labour market data boosts stimulus bets

The number of Americans filing first-time applications for unemployment benefits surged last week

Wells Fargo in talks to sell asset management business to PE firms: Report

The exact price being negotiated could not be learned, but Reuters previously reported that Wells Fargo was seeking more than $3 billion for the unit

Toyota settles US probe into delayed emissions defect reports for $180 mn

The $180 million fine is the largest civil penalty for violation of EPA's emission-reporting requirements

Oil prices ease as Covid surge, lockdowns outweigh Chinese, US data

Brent's six-month backwardation, whereby contracts for later delivery are cheaper, fell to its lowest since Jan. 5, indicating bullish sentiment easing

Brazil says flight to India for 2 mn AstraZeneca Covid-19 vaccines delayed

In a statement, the ministry cited "international logistical issues" for the delay

Tata Group puts post-pandemic bet on digital, electronics and health

Tata has already made public its intent to launch an umbrella app enabling access to all its consumer businesses

Trump administration set for its last auction of US oil drilling rights

Biden has said he would halt new oil and gas leases on federal lands and waters, but he has not laid out a method or timeline for realizing that goal

American Airlines readies non-mandatory Covid vaccine rollout for workers

The company is still working out details but will likely offer the vaccine to employees by appointment or on a walk-in basis

Samsung unveils new flagship Galaxy S early; targets remote workers, gamers

Samsung is also looking to grab market share after China's Huawei Technologies was hit with U.S. sanctions that restricted its supply and hurt sales, analysts have said

Bitter Senate impeachment trial of Trump could bog down Biden's first days

Trump became the first president in US history to be impeached twice when the House voted 232-197 on Wednesday to charge him with inciting an insurrection

Dow, Nasdaq hit record highs as focus turns to Biden's stimulus plan

Dow Jones Industrial Average rose 116.19 points, or 0.38%, to 31,178.17, Nasdaq Composite gained 81.07 points, or 0.62 %, to 13,210.89

Google closes deal to buy Fitbit as Justice dept probe continues

Search and advertising giant Google has closed its deal to buy Fitbit, the companies said on Thursday, even as the Justice Department said it was continuing its probe of the $2.1 billion transaction.

Nokia partners with Google for building cloud-based 5G network infra

Nokia on Thursday partnered with Alphabet's Google Cloud unit to build 5G core network infrastructure

Despite controversy, govt to treat homegrown vaccine same as AstraZeneca's

Administering Bharat Biotech's Covaxin, a move cheered by nationalist politicians, has worried some health experts who consider it rushed