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Paytm says could turn profitable in 2021 as Covid-19 earns it users

Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments

Sterlite Power says Ricardo Zangirolami, its CEO in Brazil, resigned

He will be replaced by Amitabh Prasad in February, according to a statement

Qualcomm eyes challenge to Apple, Intel with $1.4 bn deal for chip startup

By Stephen Nellis

Global economy can shake off coronavirus pandemic in 2021, leaders say

By Mark John

J&J likely to apply for EU approval for vaccine in February: Lawmaker

US firm Johnson & Johnson is likely to apply for EU approval for its COVID-19 vaccine candidate in February, a top lawmaker said on Wednesday

Euro zone November industrial production much better than expected

Euro zone industrial production was much higher than expected in November, data showed on Wednesday, thanks to a sharp rebound in the output of intermediate and capital goods.

IEA says oil market outlook clouded by vaccine roll-out variables

By Noah Browning

ECB's Lagarde sticks to upbeat outlook in face of fresh lockdowns

Only last month, the ECB predicted economic growth of 3.9% this year in the bloc of 19 countries that share the euro, assuming a gradual end to the pandemic

M&M cuts over half of North America workforce over pandemic: Report

Positions include engineers and manufacturing jobs at its plant in Detroit that produces the off-road vehicle Roxor, as well as sales executives

Amazon India launches online academy to coach JEE aspirants

Amazon.com Inc has launched an online academy to train students for one of India's most competitive college entrance tests

China-backed AIIB to help vaccine rollout, expects steady lending in 2021

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) will follow other development banks in helping to finance the rollout of vaccines, its president said

Intel's Mobileye plans to step up use of its own radar tech by 2025

Mobileye has taken a different strategy from many of its self-driving car competitors, with a current camera-based system that helps cars with adaptive cruise control and lane change assistance

Saudi Aramco cuts February crude supply to some Asian refiners, sources say

Saudi Arabia has cut supplies of February-loading crude by 10% for at least two Asian buyers while meeting requirements of at least three others, several refinery and trade sources said

Walmart, Disney suspend contributions to US lawmakers who opposed Biden win

Walmart Inc, the world's biggest retailer, and Walt Disney Co joined other major companies in indefinitely suspending donations to US lawmakers who voted against Joe Biden's election certification

US Federal Reserve sees possible economic boom if vaccine gets on track

One US Federal official says there is now a "clearer focus" about the economy's path forward and a horizon for a fuller recovery. Another says the pandemic's "endgame" is here

Huawei had plane waiting to whisk CFO away after May extradition judgment

Huawei had a plane waiting to take CFO Meng Wanzhou back to China from Vancouver as a key verdict in her extradition case was to be handed down last May, prosecutors said in a Canadian court

Huawei CFO asks Canada to drop security detail to loosen bail conditions

Lawyers for Huawei CFO Meng Wanzhou argued in a court to let her leave home without the security detail that was a condition of her bail since she was released after her December 2018 arrest

Global investors call for end to seafarers marooned at sea due to Covid

A group of investors called for an end to a crisis involving hundreds of thousands of seafarers stuck on ships for months due to Covid, warning the situation was creating bigger risks every day

China needs to learn to restructure emerging market debt: WB economist

Increasing debt distress in emerging markets means that China, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, Reinhart said

US to require negative Covid-19 tests for international air passengers

The new rules are to take effect two weeks from the day they are signed by CDC Director Mark Redfield, which would be Jan 26