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As elevated commodity prices and supply chain constraints from extreme weather and COVID-19 cases, weighed on the manufacturing sector in China. Profit growth in July has grown at the slowest scale this year.

World Business Watch: China's industrial profit growth slows on Delta outbreak, floods & high costs

As a part of its new corporate strategy, Audi will end combustion engine production completely by 2033. It will launch new models from 2026, which will be all-electric.

World Business Watch: Audi to end combustion engine production in 2033

Qantas Airways is preparing for international travel with countries with high vaccine rates to resume in December, sending shares higher, as it reported a narrower annual loss of $1.26 billion.

World Business Watch: Qantas aims for international travel from December as loss narrows

British car output fell to its lowest July level since 1956 as a global shortage of semi-conductor chips and staff having to self-isolate due to COVID-19 hit the sector.

World Business Watch: British car output fell to lowest July level since 1956

The world economy is facing a supply chain problem that is more severe in countries like the UK where the surging delta variant has disturbed logistics.

World Business Watch: The world economy’s supply chain problem keeps getting worse

The US government said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to "raise the bar on cybersecurity."

World Business Watch: US to work with Big Tech, finance sector on new cybersecurity guidelines

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy.

Staff working on the planned launches have been told that they face possible redundancy and Didi has stopped hiring in Britain, pulling the launch plans for at least a year, according to the report.&nbsp;

"We continue to explore additional new markets, liaising with relevant stakeholders in each and being thoughtful about when to introduce our services," a Didi spokesperson said, without mentioning the UK launch plans.

"As soon as we have any more news on additional new markets, we look forward to sharing."

Chinese companies have been caught in a pincer with increasing U.S. scrutiny on one side and a domestic regulatory crackdown on the country's massive internet sector.

The move has rattled tech giants in the country and Didi is under a cybersecurity review, as China revamps its policy towards privacy and data security to ensure secure storage of user data.

Didi which listed its shares in New York in June after raising $4.4 billion in an initial public offering, is looking to expand its international business with recent launches in South Africa, Ecuador and Kazakhstan. 
&nbsp;

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy.

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy. Staff working on the planned launches have been told that they face possible redundancy and Didi has stopped hiring in Britain, pulling the launch plans for at least a year, according to the report. "We continue to explore additional new markets, liaising with relevant stakeholders in each and being thoughtful about when to introduce our services," a Didi spokesperson said, without mentioning the UK launch plans. "As soon as we have any more news on additional new markets, we look forward to sharing." Chinese companies have been caught in a pincer with increasing U.S. scrutiny on one side and a domestic regulatory crackdown on the country's massive internet sector. The move has rattled tech giants in the country and Didi is under a cybersecurity review, as China revamps its policy towards privacy and data security to ensure secure storage of user data. Didi which listed its shares in New York in June after raising $4.4 billion in an initial public offering, is looking to expand its international business with recent launches in South Africa, Ecuador and Kazakhstan.

Didi suspends UK launch plans amid China crackdown on tech firms - Telegraph

US officials have approved license applications worth hundreds of millions of dollars for China's blacklisted telecom company Huawei to buy chips for its growing auto component business.

World Business Watch: US approves licenses for Huawei to buy auto chips

Goldman Sachs told employees that from Tuesday anyone entering its offices in the United States must be fully vaccinated against COVID-19.

World Business Watch: Goldman Sachs to mandate COVID vaccine for staff, visitors at US offices

South Korea may ban Google and Apple from requiring software developers to use their payment systems. It will be the first such curbs on the tech companies by a major economy.

World Business Watch: South Korea set to curb Google, Apple commission dominance

Competition Commission of India (CCI) has fined Maruti Suzuki, the country's biggest carmaker, $27 million for anti-competitive practices related to how it forced dealers to discount cars.

World Business Watch: CCI fines Maruti Suzuki $27 million over dealer discount policy

Oil prices rose more than 5% on Monday, as a weaker dollar and strong global equities markets boosted crude futures after seven sessions of declines.

World Business Watch: Oil jumps 5% after 7 days of losses, boosted by weaker dollar

Indian business activity has stayed above the pre-pandemic level for a second straight week rising to 100.8 for the week ended August 22. The index was at 100.1 in the preceding week.

World Business Watch: Indian business activity at pre-pandemic levels for second week in a row

Highlighting the increasingly heavy toll a recent wave of COVID-19 infections is taking on Japan's economy. The country's factory activity growth slowed in August, while that of the services sector shrank at the fastest pace since May last year.

World Business Watch: Japan's private-sector activity hit by COVID-19 surge

Taiwan's government said that global supply and demand for auto chips should reach a "balance" by the fourth quarter of 2021. Democratic US senators from Michigan and Ohio this week asked the Taiwanese government to help address the shortage, given that the island is a major semiconductor producer.

World Business Watch: Taiwan sees 'balance' in auto chip supplies by Q4

Indian Finance Minister Nirmala Sitharaman unveiled the 'National Monetisation Pipeline' on Monday, with the goal of monetizing assets worth $81 billion during the fiscal years 2022-25.

The plan outlines the government's four-year strategy for monetizing brownfield infrastructure assets ranging from roads and railroads to electricity transmission and production, as well as mining.

"The ownership of assets remains with the government. There will be a mandatory hand back. They (private sector partners) will have to give it back after a certain time," Sitharaman said.

"By bringing in private participation, we are going to monetize it (assets) better and with whatever resource that you obtained by monetisation, you are able to put in for further investment into infrastructure building," she added.

Asset monetisation will unlock resources and lead to value unlocking, she said.

Union Budget 2021-22 had identified monetisation of operating public infrastructure assets as a key means for sustainable infrastructure financing.

Towards this, the Budget provided for preparation of a 'National Monetisation Pipeline' of potential brownfield infrastructure assets.

NITI Aayog in consultation with infra line ministries has prepared the report on NMP.

The end objective of this initiative is to enable "infrastructure creation through monetisation" wherein the public and private sector collaborate, each excelling in their core areas of competence, so as to deliver socio-economic growth and quality of life to the country's citizens, she added.

(With inputs from agencies)

Indian Finance Minister Nirmala Sitharaman unveiled the 'National Monetisation Pipeline' on Monday, with the goal of monetizing assets worth $81 billion during the fiscal years 2022-25.

Indian Finance Minister Nirmala Sitharaman unveiled the 'National Monetisation Pipeline' on Monday, with the goal of monetizing assets worth $81 billion during the fiscal years 2022-25. The plan outlines the government's four-year strategy for monetizing brownfield infrastructure assets ranging from roads and railroads to electricity transmission and production, as well as mining. "The ownership of assets remains with the government. There will be a mandatory hand back. They (private sector partners) will have to give it back after a certain time," Sitharaman said. "By bringing in private participation, we are going to monetize it (assets) better and with whatever resource that you obtained by monetisation, you are able to put in for further investment into infrastructure building," she added. Asset monetisation will unlock resources and lead to value unlocking, she said. Union Budget 2021-22 had identified monetisation of operating public infrastructure assets as a key means for sustainable infrastructure financing. Towards this, the Budget provided for preparation of a 'National Monetisation Pipeline' of potential brownfield infrastructure assets. NITI Aayog in consultation with infra line ministries has prepared the report on NMP. The end objective of this initiative is to enable "infrastructure creation through monetisation" wherein the public and private sector collaborate, each excelling in their core areas of competence, so as to deliver socio-economic growth and quality of life to the country's citizens, she added. (With inputs from agencies)

National Monetisation Pipeline: India unveils $81 billion plan; ownership of assets will remain with govt

Global dividends are forecast to rise to $1.39 trillion this year, up slightly from a previous estimate to reflect a stronger than expected recovery in the company payouts. Its latest estimate, up 2.2 percentage points from an earlier one, is just 3% below the pre-pandemic peak.

World Business Watch: Global dividends to near pre-pandemic levels in 2021

On August 20, weak global cues pulled benchmark indexes down.

The S&amp;P BSE Sensex fell 300 points to 55,329 points, while the Nifty50 fell 118 points to 16,450 points.

Tata Steel was the top &nbsp;Sensex loser, plunging over 8 per cent, followed by SBI, Dr Reddy's, Kotak Bank, Sun Pharma, Bajaj Auto and L&amp;T.

The idea of the Federal Reserve reducing down on bond purchases frightened investors, according to a Reuters article. Asian markets extended losses on a strong dollar, which is at a nine-month high, after the prospect of the Fed pulling back on bond purchases spooked investors.&nbsp;

Except for the measure of FMCG shares, all 15 sector gauges ended down, driven by the Nifty Metal index's nearly 6% drop.

The Nifty Realty, Healthcare, Private Bank, Oil &amp; Gas, PSU Bank, Auto, and Bank indices all dropped 1.5 to 4%.&nbsp;

(With inputs from agencies)

On August 20, weak global cues pulled benchmark indexes down. The S&P BSE Sensex fell 300 points to 55,329 points, while the Nifty50 fell 118 points to 16,450 points.

On August 20, weak global cues pulled benchmark indexes down. The S&P BSE Sensex fell 300 points to 55,329 points, while the Nifty50 fell 118 points to 16,450 points. Tata Steel was the top Sensex loser, plunging over 8 per cent, followed by SBI, Dr Reddy's, Kotak Bank, Sun Pharma, Bajaj Auto and L&T. The idea of the Federal Reserve reducing down on bond purchases frightened investors, according to a Reuters article. Asian markets extended losses on a strong dollar, which is at a nine-month high, after the prospect of the Fed pulling back on bond purchases spooked investors. Except for the measure of FMCG shares, all 15 sector gauges ended down, driven by the Nifty Metal index's nearly 6% drop. The Nifty Realty, Healthcare, Private Bank, Oil & Gas, PSU Bank, Auto, and Bank indices all dropped 1.5 to 4%. (With inputs from agencies)

Sensex ends 300 points lower 55329, Nifty closes at 16450

The US government has opened a formal investigation into Tesla’s Autopilot partially automated driving system after a series of collisions with parked emergency vehicles.

The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the US since the start of the 2014 model year. Of the crashes identified by the National Highway Traffic Safety Administration as part of the investigation, 17 people were injured and one was killed.

NHTSA says it has identified 11 crashes since 2018 in which Teslas on Autopilot or Traffic-Aware Cruise Control have hit vehicles at scenes where first responders have used flashing lights, flares, an illuminated arrow board or cones warning of hazards. The agency announced the action Monday in a posting on its website.

The investigation covers Tesla’s entire current model lineup, the Models Y, X, S and 3 from the 2014 through 2021 model years.

The National Transportation Safety Board, which also has investigated some of the Tesla crashes, has recommended that NHTSA and Tesla limit Autopilot’s use to areas where it can safely operate. The NTSB also recommended that NHTSA require Tesla to have a better system to make sure drivers are paying attention. NHTSA has not taken action on any of the recommendations. The NTSB has no enforcement powers and can only make recommendations to other federal agencies such as NHTSA.

Autopilot has frequently been misused by Tesla drivers, who have been caught driving drunk or even riding in the back seat while a car rolled down a California highway.

The agency has sent investigative teams to 31 crashes involving partially automated driver-assist systems since June of 2016. Such systems can keep a vehicle centred in its lane and a safe distance from vehicles in front of it. Of those crashes, 25 involved Tesla Autopilot of which 10 deaths were reported, according to data released by the agency.

Tesla and other manufacturers warn that drivers using the systems must be ready to intervene at all times. Teslas using the system have crashed into semis crossing in front of them, stopped emergency vehicles and a roadway barrier.

A message was left early Monday seeking comment from Tesla, which has disbanded its media relations office.

The crashes into emergency vehicles cited by NHTSA began on Jan. 22, 2018, in Culver City, California, near Los Angeles when a Tesla using Autopilot struck a parked firetruck that was parked partially in the travel lanes with its lights flashing. Crews were handling another crash at the time.

Since then, the agency said there were crashes in Laguna Beach, California; Norwalk, Connecticut; Cloverdale, Indiana; West Bridgewater, Massachusetts; Cochise County, Arizona; Charlotte, North Carolina, Montgomery County, Texas; Lansing, Michigan; and Miami, Florida.

“The investigation will assess the technologies and methods used to monitor, assist and enforce the driver’s engagement with the dynamic driving task during Autopilot operation,” NHTSA said in its investigation documents.

In addition, the probe will cover object and event detection by the system, as well as where it is allowed to operate. NHTSA says it will examine “contributing circumstances” to the crashes, as well as similar crashes.

An investigation could lead to a recall or other enforcement action by NHTSA.

“NHTSA reminds the public that no commercially available motor vehicles today are capable of driving themselves,” the agency said in a statement. “Every available vehicle requires a human driver to be in control at all times, and all state laws hold human drivers responsible for the operation of their vehicles.”

The agency said it has “robust enforcement tools” to protect the public and investigate potential safety issues, and it will act when it finds evidence “of noncompliance or an unreasonable safety risk.”

In June NHTSA ordered all automakers to report any crashes involving fully autonomous vehicles or partially automated driver-assist systems.

The measures show the agency has started to take a tougher stance on automated vehicle safety than in the past. It has been reluctant to issue any regulations of the new technology for fear of hampering the adoption of the potentially life-saving systems.

Shares of Tesla Inc., based in Palo Alto, California, fell nearly 2% before the opening bell.

The US government has opened a formal investigation into Tesla’s Autopilot partially automated driving system after a series of collisions with parked emergency vehicles.

The US government has opened a formal investigation into Tesla’s Autopilot partially automated driving system after a series of collisions with parked emergency vehicles. The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the US since the start of the 2014 model year. Of the crashes identified by the National Highway Traffic Safety Administration as part of the investigation, 17 people were injured and one was killed. NHTSA says it has identified 11 crashes since 2018 in which Teslas on Autopilot or Traffic-Aware Cruise Control have hit vehicles at scenes where first responders have used flashing lights, flares, an illuminated arrow board or cones warning of hazards. The agency announced the action Monday in a posting on its website. The investigation covers Tesla’s entire current model lineup, the Models Y, X, S and 3 from the 2014 through 2021 model years. The National Transportation Safety Board, which also has investigated some of the Tesla crashes, has recommended that NHTSA and Tesla limit Autopilot’s use to areas where it can safely operate. The NTSB also recommended that NHTSA require Tesla to have a better system to make sure drivers are paying attention. NHTSA has not taken action on any of the recommendations. The NTSB has no enforcement powers and can only make recommendations to other federal agencies such as NHTSA. Autopilot has frequently been misused by Tesla drivers, who have been caught driving drunk or even riding in the back seat while a car rolled down a California highway. The agency has sent investigative teams to 31 crashes involving partially automated driver-assist systems since June of 2016. Such systems can keep a vehicle centred in its lane and a safe distance from vehicles in front of it. Of those crashes, 25 involved Tesla Autopilot of which 10 deaths were reported, according to data released by the agency. Tesla and other manufacturers warn that drivers using the systems must be ready to intervene at all times. Teslas using the system have crashed into semis crossing in front of them, stopped emergency vehicles and a roadway barrier. A message was left early Monday seeking comment from Tesla, which has disbanded its media relations office. The crashes into emergency vehicles cited by NHTSA began on Jan. 22, 2018, in Culver City, California, near Los Angeles when a Tesla using Autopilot struck a parked firetruck that was parked partially in the travel lanes with its lights flashing. Crews were handling another crash at the time. Since then, the agency said there were crashes in Laguna Beach, California; Norwalk, Connecticut; Cloverdale, Indiana; West Bridgewater, Massachusetts; Cochise County, Arizona; Charlotte, North Carolina, Montgomery County, Texas; Lansing, Michigan; and Miami, Florida. “The investigation will assess the technologies and methods used to monitor, assist and enforce the driver’s engagement with the dynamic driving task during Autopilot operation,” NHTSA said in its investigation documents. In addition, the probe will cover object and event detection by the system, as well as where it is allowed to operate. NHTSA says it will examine “contributing circumstances” to the crashes, as well as similar crashes. An investigation could lead to a recall or other enforcement action by NHTSA. “NHTSA reminds the public that no commercially available motor vehicles today are capable of driving themselves,” the agency said in a statement. “Every available vehicle requires a human driver to be in control at all times, and all state laws hold human drivers responsible for the operation of their vehicles.” The agency said it has “robust enforcement tools” to protect the public and investigate potential safety issues, and it will act when it finds evidence “of noncompliance or an unreasonable safety risk.” In June NHTSA ordered all automakers to report any crashes involving fully autonomous vehicles or partially automated driver-assist systems. The measures show the agency has started to take a tougher stance on automated vehicle safety than in the past. It has been reluctant to issue any regulations of the new technology for fear of hampering the adoption of the potentially life-saving systems. Shares of Tesla Inc., based in Palo Alto, California, fell nearly 2% before the opening bell.

US opens formal probe into Tesla Autopilot system

Airbnb said its current-quarter bookings could be hit by the delta variant of the coronavirus and a slowing pace of vaccination in the united states. The news sends its shares down more than 4 percent.

World Business Watch: Airbnb warns of Coronavirus' Delta variant impact on bookings

Samsung Electronics Vice Chairman Jay Y. Lee, convicted of bribery and embezzlement, was released on parole. With hopes high at the tech giant that he will also soon be allowed to work as big investment decisions await him.

World Business Watch: Samsung leader Jay Y Lee releases from jail on parole

Adidas said on Thursday that it has reached an agreement to sell Reebok, a struggling shoe and sportswear brand, to Authentic Brands Group for up to 2.1 billion euros ($2.5 billion).&nbsp;

The businesses said in a statement on Thursday that the majority of the price will be paid in cash at closing, with the remainder arriving as delayed and contingent compensation.

In the first quarter of 2022, the acquisition is scheduled to conclude.&nbsp;

Reebok will join a retail behemoth that has purchased numerous insolvent brands, including Brooks Brothers, Aeropostale, and Forever 21.

Authentic Brands is gearing up for an IPO, which may happen as early as this summer.&nbsp;

Adidas purchased Reebok for $3.8 billion in 2006 to better fight with arch-rival Nike, but the company's slow performance led repeated requests from investors to sell the brand, which is centred on the United States and Canada.

Meanwhile, Adidas' own brand has managed to eat into Nike's supremacy in the United States, aided by collaborations with superstars such as Kanye West, Beyonce, and Pharrell Williams.&nbsp;

Reebok will keep its headquarters in Boston and continue operations in North and Latin America, Asia-Pacific, Europe and Russia, the U.S. brand management firm said in a statement, adding it will work closely with Adidas during the transition.

Over 11 years, ABG has amassed more than 30 labels sold in some 6,000 stores. Its brands include apparel chains Aéropostale and Forever21, as well as and Sports Illustrated magazine.

(With inputs from agencies)

Adidas said on Thursday that it has reached an agreement to sell Reebok, a struggling shoe and sportswear brand, to Authentic Brands Group for up to 2.1 billion euros ($2.

Adidas said on Thursday that it has reached an agreement to sell Reebok, a struggling shoe and sportswear brand, to Authentic Brands Group for up to 2.1 billion euros ($2.5 billion). The businesses said in a statement on Thursday that the majority of the price will be paid in cash at closing, with the remainder arriving as delayed and contingent compensation. In the first quarter of 2022, the acquisition is scheduled to conclude. Reebok will join a retail behemoth that has purchased numerous insolvent brands, including Brooks Brothers, Aeropostale, and Forever 21. Authentic Brands is gearing up for an IPO, which may happen as early as this summer. Adidas purchased Reebok for $3.8 billion in 2006 to better fight with arch-rival Nike, but the company's slow performance led repeated requests from investors to sell the brand, which is centred on the United States and Canada. Meanwhile, Adidas' own brand has managed to eat into Nike's supremacy in the United States, aided by collaborations with superstars such as Kanye West, Beyonce, and Pharrell Williams. Reebok will keep its headquarters in Boston and continue operations in North and Latin America, Asia-Pacific, Europe and Russia, the U.S. brand management firm said in a statement, adding it will work closely with Adidas during the transition. Over 11 years, ABG has amassed more than 30 labels sold in some 6,000 stores. Its brands include apparel chains Aéropostale and Forever21, as well as and Sports Illustrated magazine. (With inputs from agencies)

Adidas sells Reebok to Authentic Brands in $2.5 billion deal

It would also prohibit them from punishing apps that offer different prices or conditions through another app store or payment system.

US lawmakers introduce bill to rein in Apple, Google app stores

EBay shares are up 35% from the beginning of the year and are trading at $71.22 , down-from-52-week-high.

EBay forecasts revenue below estimates

Nigeria will soon lift its ban on Twitter, roughly two months after suspending the microblogging platform indefinitely in Africa's most populous nation, the nation’s information minister Lai Mohammed said.

Nigeria to lift ban on Twitter after two months of suspension

The agreement with Fahari Aviation, the unmanned aircraft division of Kenya Airways, aims to design a network for the safe operation of Electric Vertical Aircraft

Embraer and Kenya Airways agree to study flying taxis