The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country's hardline Covid policy has put the economy on the brink of recession.

Purchasing managers' indices data released on Saturday showed factory and service-sector activity declined for a second straight month in April, it said

The Deerfield, Illinois based-firm's shares declined 3% to $207 in afternoon trade, as analysts expressed disappointment over margin forecast

Bodhi Tree Systems, a joint venture investment platform run by James Murdoch's Lupa Systems and former Disney India head Uday Shankar, is leading a fundraising round in Viacom18

Chinese smart devices brand made the biggest gains in the first quarter, with sales up 15.5% on the previous quarter

Samsung will make the renewable energy pledge as early as the May 10 inauguration of South Korea's new president

Drone maker says it is reassessing compliance requirements, so it will temporarily suspend all business activities in Russia and Ukraine

ACCC said Uber admitted to have falsely represented fare estimates for its Uber Taxi option as its algorithm would almost always inflate the range of fares

The review is also looking at China's behaviour in global markets, the impact of tariffs on wages, job opportunities and America's competitive edge, but inflation may be a factor for midterm polls.

Twitter says Musk secured $25.5 billion of debt and loan finance and is providing a $21bn equity commitment. But the concern now is the platform's likely focus on free speech

Foxconn Interconnect Technology, which makes data transmission equipment and connectors, has been forced to switch operations to a back-up factory, until work can restart at Kunshan

Sentiment was undermined by fears strict lockdown measures will spread to Beijing, after the capital required everyone living or working in Chaoyang district to take Covid tests this week