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Huawei ousted from heart of EU as Nokia wins Belgian 5G contracts

Huawei, the world's biggest telecoms equipment supplier, strongly denies the US allegations and has been highly critical of calls to ban it from 5G contracts

German conglomerate Thyssenkrupp opens books in sale of plant-building unit

Thyssenkrupp is also open to considering offers for its automotive and remaining industrial assets

UK finance minister Sunak offers Covid-hit companies more help to keep jobs

Sunak had previously resisted calls to increase the generosity of the government's support schemes amid fast-rising job losses

Glenmark's antiviral combination for moderate Covid-19 shows no benefit

The trial's findings confirm that the addition of umifenovir does not show any incremental benefit in clinical outcomes, the company said

Trump plans return to campaign trail, awaits 'negative' Covid-19 test

White House spokeswoman Kayleigh McEnany said on Friday the president was hard at work and ready to go as soon as he got the OK from his doctor.

US imposes tariffs on aluminum sheet from India, 17 other countries

The US International Trade Commission would make the final determination in February 2021, says Wilbur Ross

Pakistan to block social media app TikTok for "immoral" content: Report

In July, Pakistan's telecommunications regulator issued a "final warning" to the short-form video app over explicit content posted on the platform

Russia expected to register second Covid-19 vaccine on Oct 15: Report

The vaccine has been developed by Siberia's Vector Institute, which completed early-stage human trials of the vaccine last month

RBI Policy: Most decision by Reserve Bank in line with expert views

The RBI sees India's real GDP contracting by 9.5 per cent in the ongoing fiscal year, and economic growth only turning positive in the final January-March quarter

Boeing in talks with Alaska Airlines for potential 737 MAX order: Report

The talks are part of a series of negotiations between Boeing and several airlines over jet orders or compensation after the 737 MAX was banned worldwide following two fatal crashes

Takeda-led Covid plasma treatment enters clinical trial with first patient

Takeda Pharmaceutical said an alliance of drugmakers it spearheads has enrolled its first patient in a global clinical trial of a blood plasma treatment for Covid-19 after months of regulatory delays

Asian markets to inch up as US economic stimulus talks restart

In energy markets, oil prices rallied on production shutdowns ahead of a storm in the US Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway

'Get Lost': Taiwan strongly reacts to China's note to Indian media

China's hackles were raised by advertisements placed in leading Indian newspapers by Taiwan's govt to mark the democratic, Chinese-claimed island's national day on Saturday

IBM to break up 109-year old firm to focus on high-margin cloud computing

IBM will list its IT infrastructure services unit, which provides services including technical support for data centers, as a separate company with a new name by the end of 2021

UK parliament committee accuse Huawei of 'collusion' with Beijing

The lawmakers said that UK operators might have to consider ripping out Huawei gear from their 5G networks by 2025, rather than 2027, if certain conditions change

Wall Street closes higher as Donald Trump boosts hopes of stimulus

Two days after calling off negotiations on a comprehensive bill, Trump in an interview with Fox News said talks with Congress have restarted over further Covid-19 relief

Morgan Stanley to buy Eaton Vance for $7 bn in asset management push

Morgan Stanley's wealth management and investment management businesses already account for 40-50% of the bank's revenue

Paytm targets a million apps on its mini app store to take on Google

Paytm founder Vijay Shekhar Sharma called Google "judge, jury and executioner" after his app was temporarily removed from the Android app store last month

Denmark seeks talks on North Sea oil and gas after application withdrawn

Denmark has considered discontinuing the tender process because of the country's ambitious target of reducing greenhouse gas emissions by 70% by 2030.

Wall Street gains on stimulus bets as jobless claims remain high

The Dow Jones Industrial Average rose 45.40 points, or 0.16%, at the open to 28,348.86