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China sends doctors, military to test 26 mn Shanghai residents for Covid

Multiple provinces such as Jiangsu, Zhejiang and Beijing have sent healthcare workers to the megapolis.

Sri Lankan president calls for unity govt to resolve economic crisis

The developments come after Gotabaya Rajapaksa declared a state of emergency on Friday, following protests over the economic hardship faced by the people of the country

Russia blames US, NATO after Ukraine releases footage of bodies bound

Moscow says photographs, footage broadcast from Bucha are a 'provocation' designed to disrupt peace talks.

Gold prices slip as dollar, yields strengthen on robust US jobs data

A stronger dollar makes gold less attractive for other currency holders, while higher yields increase the opportunity cost of holding non-paying bullion.

Sri Lanka's economic crisis deepens; cabinet ministers offer to resign

The debt-laden country is struggling to pay for imports of fuel and other essentials due to a severe shortage of foreign currency

Carmakers face challenges making clean, green, mean electric machines

The tasks they face range from using cleaner processes to finding less environmentally damaging battery chemistries

Oil inches up as supply concerns weigh despite reserve release, Yemen truce

The United Nations has brokered a two-month truce between a Saudi-led coalition and the Houthi group aligned with Iran for the first time in the seven-year conflict.

Factory activity slowed in March, optimism at 2-year low: PMI survey

The Manufacturing Purchasing Managers' Index declined to 54.0 in March from 54.9 in February.

Nearly half of crypto owners first bought digital assets in 2021: Study

Brazil and Indonesia lead the world in crypto adoption, with 41% of people surveyed in those countries reporting crypto ownership

Hong Kong leader Carrie Lam to not seek second term, will focus on family

City's leadership election was pushed back from March 27 to give the government time to battle a Covid outbreak.

India to US: How Pakistan PM Imran Khan's exit may impact rest of the world

The nuclear-armed nation of more than 220 million people lies between Afghanistan to the west, China to the northeast and nuclear rival India to the east, making it of vital strategic importance.

US budget seen rising $2 bn annually by end century due to climate change

The Office of Management and Budget assessment, tasked by President Joe Biden last May, found the upper range of climate change's hit to the budget by the end of the century

Ukraine accuses Russia of atrocities after bodies found bound and shot

Bucha's deputy mayor says 50 of some 300 bodies, found after Russian forces withdrew from the city late last week.

Asian stock markets start cautiously, Treasury yields keep climbing

Japan's Nikkei was flat, while S&P 500 stock futures eased 0.2% and Nasdaq futures 0.3%.

Crude oil prices extend losses on reserves release, Yemen truce

The United Nations has brokered a two-month truce between a Saudi-led coalition and the Houthi group aligned with Iran for the first time in the seven-year conflict.

Euro weighed down by talk of fresh sanctions against Russia

The euro has been weighed down by worries about the economic damage from war in Ukraine and last bought $1.1047, not too far from last month's almost two-year trough of $1.0806.

Andhra Pradesh cancels Adani bids to supply imported coal: Report

India's southern Andhra Pradesh has cancelled bids made for two separate tenders by India's Adani Enterprises to supply imported coal as the prices quoted were too high

WHO suspends UN supply of Bharat Biotech's Covaxin vaccine for Covid-19

This is to allow the manufacturer to upgrade facilities and address deficiencies found in an inspection

Australia-India trade deal to open 'biggest economic door': Morrison

Australian Prime Minister Scott Morrison said a trade agreement with India due to be signed on Saturday represented "one of the biggest economic doors there is to open in the world today".

Europe pursues payment response as Russian gas supply threat eases

European governments and companies worked on a common approach on Friday to Russia's demand that they pay for its gas in roubles as the threat of an imminent supply halt eased.