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Global equity markets rose while the U.S. dollar retreated against major currencies on Friday as new data affirmed concerns of a surging inflation and further strengthening of economic activity from pent-up demand.

The CoronaVac vaccine reduces coronavirus mortality by 97 percent, according to early results of the immunization campaign in Uruguay, which relies heavily on the Chinese jab.

WASHINGTON :U.S. Senate Majority Leader Chuck Schumer said on Friday the Senate would resume consideration of a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology on June 8.

The global shortage of semiconductor chips could last three to six months, Logitech Chief Executive Bracken Darrell told Swiss newspaper Finanz und Wirtschaft, with some industries facing shortages of up to a year.

U.S. Senate Majority Leader Chuck Schumer said on Friday the Senate would consider a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology on June 8.

ZURICH: The Swiss government on Friday blamed the state intelligence leadership for concealing that a Swiss company had for decades sold encryption devices as a front for the U.S. and German spy agencies, insisting the cabinet itself had remained in the dark. Crypto AG, based near Zug, sold ......

MOSCOW: A US$250 million funding round has given Russian streaming service IVI more flexibility over a possible IPO, met its mid-term financing needs and supports its high growth targets, its chief executive Oleg Tumanov told Reuters. Russia's answer to Netflix and its major local player ...

SAO PAULO: The Brazilian unit of China's seed company LongPing High-Tech has made an agreement with a university in its home country to improve the quality of soy seeds, according to a statement sent to Reuters on Friday. Brazil, the world's biggest producer and exporter of soybeans, sells the...

Japanese automaker Nissan will carry out temporary work stoppages at three Mexican plants for several days in June because of production adjustments needed to manage a semiconductor chip shortage, the company told Reuters on Friday.

MOSCOW: Russia and Pakistan have signed an agreement to build the Pakistan Stream gas pipeline, Russia's energy ministry said on Friday. Russian Energy Minister Nikolai Shulginov and Pakistan's ambassador in Moscow Shafqat Ali Khan signed the agreement, the minsitry said. (Reporting by Maria ...