Carmakers in the Indian automobile hub of Chennai will be allowed to keep operating, the state government said on Saturday, amid protests by workers who fear catching Covid-19 in one of the country’s hardest-hit states.

Colonial Pipeline, the largest fuel pipeline in the United States, on Friday said it had resolved a temporary network disruption, just weeks after a ransomware attack crippled fuel delivery for several days in the southeast region.

Small, cottage and medium entrepreneurs across the country will get an opportunity to sell their produce through the online marketing platform of Bangladesh Small and Cottage Industries Corporation (BSCIC).

US consumer prices surged in April, with a measure of underlying inflation blowing past the Federal Reserve’s 2 per cent target and posting its largest annual gain since 1992, because of pent-up demand and supply constraints as the economy reopens.

HSBC announced it is withdrawing from US mass market retail banking by selling some parts of the money-losing business and winding down others, a long-awaited move as the lender steps up a shift in focus to Asia, its biggest market. Europe’s biggest bank has for years been trying to shrink its presence in some European and North American markets where it has struggled against competition from larger domestic players.

Earnings at China’s industrial firms grew at a slower pace in April, with high commodity prices and weaker performance in the consumer goods sector limiting overall profitability from manufacturing.

Special allocation is needed for the cottage, micro, small, and medium enterprises (CMSMEs) in the upcoming budget to recover the losses induced by the Covid-19 pandemic, speakers said at a webinar yesterday.

Germany wants the European Union to create a “climate club” with other countries like the United States, Japan and possibly even China to avoid trade friction linked to green tariffs such as a planned carbon border levy.

The killing of George Floyd prompted a wave of promises from corporate America to advance racial equity. Nearly a year later, large US companies are under pressure to show progress on fulfilling those promises.

After dealing with two coronavirus funerals in two weeks, Raj Sharma was too grief-stricken to negotiate a third with profiteering hearse drivers and crematoriums, so he turned to one of the many new businesses that have sprung up around India helping struggling people while also turning a tidy profit.

Bitcoin fell by 8.9 per cent to $34,156 at 1000 GMT on Sunday, losing $3,344.54 from its previous close.

The US energy regulator on Thursday ordered GreenHat Energy LLC to pay $229 million in civil penalties and $13.1 million in unjust profits on allegations of electric market manipulation.

India’s largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two people familiar with the matter told Reuters, as would-be buyers circle Sanjeev Gupta’s global commodities empire.

Federal Reserve officials and new Dallas Fed data have begun lowering expectations for May jobs growth in the United States as business hiring plans continue to outrun the supply of people able or willing to work.

Planemaker Boeing Co has drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022, industry sources said, in a bid to extend its recovery from overlapping safety and Covid-19 crises.

China will crack down on bitcoin mining and trading activities as part of efforts to fend off financial risks, the State Council’s Financial Stability and Development Committee said on Friday.

Pakistan said on Friday its economy was on course to grow 3.94 per cent in the financial year 2020/2021 that ends in June, almost double the International Monetary Fund (IMF) and World Bank’s projections, as it recovers from the worst of the pandemic.

London’s FTSE 100 was flat on Friday, posting a weekly loss, as weakness in mining stocks countered a bigger-than-expected jump in retail sales and business activity.

A federal judge on Friday grilled Apple Inc Chief Executive Tim Cook over whether the iPhone maker’s App Store profits from developers such as “Fortnite” maker Epic Games are justified and whether Apple faces any real competitive pressure to change its ways.

The White House said on Friday it had pared down its infrastructure bill to $1.7 trillion from $2.25 trillion, with cuts to investments in broadband and roads and bridges, but Republicans dismissed the changes as insufficient for a deal.