Markets

U.S. drugmaker Eli Lilly and Co said on Tuesday its antibody drug combination has received an emergency use approval in India for the treatment of mild to moderate COVID-19 cases.

SYDNEY :Australian broadcaster and publisher Nine Entertainment Co Holdings Ltd said it signed multi-year content-supply deals with Google and Facebook Inc, harnessing tough new licencing laws to bolster profit.

India's factory activity growth slowed significantly in May as an escalation in coronavirus cases whacked new orders and output while scarcity of raw materials drove up input costs, a private sector survey showed on Tuesday.

The European Union (EU) is set to unveil plans for a bloc-wide digital wallet on Wednesday, following requests from member states to find a safe way for citizens to access public and private services online, the Financial Times reported https://on.ft.com/3yPIowv.

Thailand's exports are expected to rise 15per cent in the second quarter from a year earlier, powered by improved global demand and after coming off a low base last year, the country's shippers' council said on Tuesday.

BERLIN: Digital insurance startup Wefox said on Tuesday it had raised US$650 million from investors, in what it called a record-breaking round for a so-called "insurtech" company that valued the business at US$3 billion. The funding means Berlin-based Wefox has grown in value threefold since ...

A Wuhan-based affiliate of China National Pharmaceutical Group (Sinopharm) said the start of operations at a new factory will raise the annual production capacity of its COVID-19 vaccine to at least 1 billion doses.

Japanese carmakers Toyota Motor Corp and Honda Motor Co have temporarily suspended production at their factories in Malaysia due to a nationwide coronavirus lockdown, the companies said on Tuesday.

China's market regulator fined 15 private tutoring firms for combined 36.5 million yuan (US$5.73 million) for false advertising and pricing frauds, state media the People's Daily reported on Tuesday.

Asia's factory activity continued to expand in May thanks to an ongoing recovery in global demand, surveys showed on Tuesday, though rising raw material costs and supply chain constraints clouded the outlook.