Biden calls for the U.S. to become more competitive against a 'deadly earnest' China
Chinese President Xi Jinping is "deadly earnest on becoming the most significant, consequential nation in the world," Biden said in a speech to Congress.
CNBC Asia
India could soon have another locally developed vaccine as the deadly Covid crisis shows no signs of slowing
Drugmaker Cadila Healthcare, which is also known as Zydus Cadila, is conducting phase three clinical trials on 28,000 people.
Samsung family announces plans to pay off more than $10 billion of inheritance tax
The family of late Samsung Group Chairman Lee Kun-hee said Wednesday they will be paying off their massive $10 billion inheritance tax bill over five years.
Asia-Pacific stocks mixed as investors digest economic data from Australia, Japan
Shares in Asia-Pacific were mixed in Wednesday morning trade after a slew of economic data.
India reports record new cases and fatalities, official Covid death toll surpasses 200,000
Government data showed at least another 3,293 people died, while overall cases also rose by a record 360,960 reported infections.
Starbucks faces more competition from local beverage brands in China, its biggest market outside the U.S.
Investors in China are stepping up their bets that locals will buy more beverages that aren't from Starbucks.
MIT researchers say time spent indoors increases risk of Covid at 6 feet or 60 feet in new study challenging social distancing policies
The CDC and WHO guidelines fail to factor in the amount of time spent indoors, which increases the chance of transmission the longer people are inside.
Asia-Pacific markets mixed; HSBC shares jump after reporting surge in first-quarter profits
Shares of HSBC in Hong Kong jumped 2% on Tuesday after the firm said its pre-tax profit rose 79% in the first quarter to $5.8 billion, topping expectations.
HSBC shares in Hong Kong up 2% after pre-tax profit in the first quarter beat expectations
The London-headquartered bank, which makes most of its revenue in Asia, said its reported profit before tax rose to $5.8 billion.
India's economy will likely contract this quarter as Covid cases soar, economists warn
Sonal Varma, India chief economist at Nomura, said GDP will shrink around 1.5% in the current quarter, and there is "downside risk" to this estimate.
E-commerce giant JD.com used China's digital currency to pay some employees
JD.com's use of the digital yuan highlights how China's central bank is increasing the scope of testing for its digital currency.
Asia markets mixed as investors monitor Covid situation in India
The Covid situation in India remains severe, with more than 350,000 new daily infections registered on Monday.
India reports record Covid cases for a fifth straight day with more than 350,000 new infections
In April, alone, India reported more than 5 million new cases, sending the country's health care system to the brink.
Southeast Asia's tech giants could 'gobble up' start-ups after going public, venture capitalist says
Companies such as Grab, Sea could be the ones acquiring start-ups, according to Vinnie Lauria of Golden Gate Ventures.
U.S. to give India raw materials for vaccines, medical supplies to help fight Covid surge
The U.S. response comes after Britain, France and Germany pledged aid to India over the weekend.
Singapore's top banks could see a boost in share prices as earnings bounce back
Singapore's largest bank DBS will release first-quarter earnings on Friday, while smaller peers UOB and OCBC will report on May 6 and May 7, respectively.
India reports more than 330,000 new Covid cases, setting a fresh global record
As of Friday, India has reported more than 4 million cases in April and at least 24,452 people have died.
Tesla branded as 'arrogant' in China as pressure mounts on the electric car maker
Tesla has been a poster child for China's efforts to demonstrate it's letting more foreign businesses operate in its market. But with success comes scrutiny.
India reports record single-day jump in Covid cases, with more than 314,000 new infections
So far in April, India has reported more than 3.78 million new cases and over 22,000 deaths.
Singapore names new finance minister in cabinet reshuffle after setback in leadership succession
Lawrence Wong, current education minister and second finance minister, will helm the finance portfolio from May 15, the prime minister's office said on Friday.
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