AUTOSHOW Chip shortage casts shadow on China's auto industry recovery

Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world's biggest car market could spearhead global recovery in the sector.

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Two dead in Tesla crash in Texas that was believed to be driverless

Two men died after a Tesla (TSLA.O) vehicle, which was believed to be operating without anyone in the driver's seat, crashed into a tree on Saturday night north of Houston, authorities said.

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Canada to set aside C$12 bln to extend main pandemic supports in budget - newspaper

Canada will set aside C$12 billion ($9.6 billion) to extend its main pandemic support measures in a budget to be presented on Monday, the Toronto Star reported, as much of the country battles a virulent third wave of COVID-19 infections.

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EXCLUSIVE China's Ant explores ways for Jack Ma to exit

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to a source familiar with regulators' thinking and two people with close ties to the company.

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Power companies urge Biden to implement policies to cut emissions 80% by 2030

A group of U.S. electricity companies wrote to President Joe Biden this week saying it will work with his administration and Congress to design a broad set of policies to reach a near-term goal of slashing the sector's carbon emissions by 2030.

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Swiss billionaire Wyss decides to drop out of bid for Tribune - Bloomberg, NYT

Swiss billionaire Hansjoerg Wyss has decided to drop out of a group that was bidding for Tribune Publishing Co (TPCO.O), the New York Times and Bloomberg News reported on Saturday.

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Wall Street ends mixed despite bumper big-bank earnings

​Wall Street indexes closed mixed on Wednesday, with the Nasdaq Composite and S&P 500 falling despite another record intraday high for the latter and big banks’ stellar results on the first day of earnings season.

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More than 100 companies sign letter opposing U.S. state voting restrictions

​More than 100 U.S. companies including Apple Inc, Inc, Ford Motor Co and Starbucks Corp have declared their opposition to voting curbs that a number of states are considering implementing.

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Coinbase valued at $86 billion in choppy Nasdaq debut

Coinbase Global Inc was valued at $86 billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112 billion.

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Record penalty for Ma's Alibaba marks tumultuous stretch for its founder

BEIJING (Reuters) - Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan ($2.75 billion) antitrust fine on Saturday, resolving one key uncertainty even as others persist for himself and his business empire.

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