Key PointsIndia is set to overtake Japan as the world's third-largest economy behind the U.S. and China by 2031, according to a recent report from BofA Securities.The investment banking division of Bank of America previously predicted it would happen in 2028 but said Monday the economic shock from Covid-19 will push back the timeline by three years."We now expect India to emerge as the third largest economy in the world in 2031/FY32, from 2028 earlier, due to the Covid 19 shock," BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in the report.The researchers noted India...…Key PointsIndia is set to overtake Japan as the world's third-largest economy behind the U.S. and China by 2031, according to a recent report from BofA Securities.The investment banking division of Bank of America previously predicted it would happen in 2028 but said Monday the economic shock from Covid-19 will push back the timeline by three years."We now expect India to emerge as the third largest economy in the world in 2031/FY32, from 2028 earlier, due to the Covid 19 shock," BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in the report.The researchers noted India...WW…

Key PointsIn this articleSINGAPORE — Asia-Pacific markets traded mixed Tuesday after starting the week by struggling for gains in what some analysts have described as a fragile environment for stocks.In Australia, the benchmark trimmed some of its early gains but still finished the session up 0.47%, or 31.6 points, at 6,771.20. The heavily-weighted financials subindex advanced 0.95% as major banking names rose. shares closed up 1.32%, added 0.65%, rose 0.73% and was up 0.83%.Japanese shares initially struggled after market open, but the erased early losses and closed up 0.99%, or...…Key PointsIn this articleSINGAPORE — Asia-Pacific markets traded mixed Tuesday after starting the week by struggling for gains in what some analysts have described as a fragile environment for stocks.In Australia, the benchmark trimmed some of its early gains but still finished the session up 0.47%, or 31.6 points, at 6,771.20. The heavily-weighted financials subindex advanced 0.95% as major banking names rose. shares closed up 1.32%, added 0.65%, rose 0.73% and was up 0.83%.Japanese shares initially struggled after market open, but the erased early losses and closed up 0.99%, or...WW…

Key PointsSINGAPORE — India's finance minister, Nirmala Sitharaman, presented the country's budget Monday for the fiscal year that begins April 1 and ends March 31, 2022.In her speech to Parliament, she proposed more than doubling India's health-care and wellbeing spending to 2.2 trillion rupees ($30.1 billion). That includes a new federal scheme with an outlay of 641 billion rupees over six years to develop the country's capacity for primary, secondary and tertiary care as well as to strengthen national institutions and create new ones to detect and cure new diseases, Sitharaman...…Key PointsSINGAPORE — India's finance minister, Nirmala Sitharaman, presented the country's budget Monday for the fiscal year that begins April 1 and ends March 31, 2022.In her speech to Parliament, she proposed more than doubling India's health-care and wellbeing spending to 2.2 trillion rupees ($30.1 billion). That includes a new federal scheme with an outlay of 641 billion rupees over six years to develop the country's capacity for primary, secondary and tertiary care as well as to strengthen national institutions and create new ones to detect and cure new diseases, Sitharaman...WW…

Key Points said it locked the account of China's embassy in the United States over a tweet about Uighur women that violated company policy against dehumanization.The Chinese Embassy account, @ChineseEmbinUS, tweeted this month that Uighur women had been emancipated by government policy from being "baby making machines." The tweet cited a study reported by state-controlled newspaper China Daily, Reuters reported."We've taken action on the Tweet ... for violating our policy against dehumanization, where it states: We prohibit the dehumanization of a group of people based on their religion,...…Key Points said it locked the account of China's embassy in the United States over a tweet about Uighur women that violated company policy against dehumanization.The Chinese Embassy account, @ChineseEmbinUS, tweeted this month that Uighur women had been emancipated by government policy from being "baby making machines." The tweet cited a study reported by state-controlled newspaper China Daily, Reuters reported."We've taken action on the Tweet ... for violating our policy against dehumanization, where it states: We prohibit the dehumanization of a group of people based on their religion,...WW…

Key PointsIn this articleSINGAPORE — Shares of Hyundai Motor surged 19% after the South Korean automaker said it was in early-stage talks with over potentially working together to develop an electric car."We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided," a representative from Hyundai Motor told CNBC's Chery Kang.18 hours agoThe statement followed a local report from the Korea Economic Daily that said Apple suggested the tie-up and Hyundai Motor was reviewing the terms....…Key PointsIn this articleSINGAPORE — Shares of Hyundai Motor surged 19% after the South Korean automaker said it was in early-stage talks with over potentially working together to develop an electric car."We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided," a representative from Hyundai Motor told CNBC's Chery Kang.18 hours agoThe statement followed a local report from the Korea Economic Daily that said Apple suggested the tie-up and Hyundai Motor was reviewing the terms....WW…

Key PointsSINGAPORE — The last three months of the year are typically synonymous with malls and stores teeming with customers who stand in long, snaking queues to pay for their holiday shopping hauls.But due to the coronavirus pandemic this year, which forced countries around the world to either go into lockdowns or enforce strict social distancing rules, a lot of the holiday shopping is being done online, according to multiple research reports. found that 37% of respondents said they intended to spend more online during the holidays this year than they did in 2019. The report, which...…Key PointsSINGAPORE — The last three months of the year are typically synonymous with malls and stores teeming with customers who stand in long, snaking queues to pay for their holiday shopping hauls.But due to the coronavirus pandemic this year, which forced countries around the world to either go into lockdowns or enforce strict social distancing rules, a lot of the holiday shopping is being done online, according to multiple research reports. found that 37% of respondents said they intended to spend more online during the holidays this year than they did in 2019. The report, which...WW…

Key PointsSINGAPORE — China has accused India of discriminatory practices that violate World Trade Organization rules after New Delhi banned another 43 Chinese mobile apps. to block those apps, claiming they engaged in activities that threatened India's national security."This action was taken based on the inputs regarding these apps for engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order," India's information technology ministry said.It added that the decision was taken "based on the comprehensive reports...…Key PointsSINGAPORE — China has accused India of discriminatory practices that violate World Trade Organization rules after New Delhi banned another 43 Chinese mobile apps. to block those apps, claiming they engaged in activities that threatened India's national security."This action was taken based on the inputs regarding these apps for engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order," India's information technology ministry said.It added that the decision was taken "based on the comprehensive reports...WW…

Key PointsIn this articleSINGAPORE — China has drafted a slew of new anti-monopoly laws that will likely hit the country's major internet companies, says Morgan Stanley.It comes as the competitive landscape in China intensifies and tech giants continue to fend off new rivals that are taking away chunks of their market share, according to a report by the investment bank.China's bureau for regulating monopolies — the State Administration for Market Regulation (SAMR) —  on Tuesday to stop anti-competitive practices in the internet sector. It said the laws are aimed at...…Key PointsIn this articleSINGAPORE — China has drafted a slew of new anti-monopoly laws that will likely hit the country's major internet companies, says Morgan Stanley.It comes as the competitive landscape in China intensifies and tech giants continue to fend off new rivals that are taking away chunks of their market share, according to a report by the investment bank.China's bureau for regulating monopolies — the State Administration for Market Regulation (SAMR) —  on Tuesday to stop anti-competitive practices in the internet sector. It said the laws are aimed at...WW…

Key PointsIn this articleSINGAPORE — is betting big on Asia-Pacific by investing millions of dollars into original and licensed content in major markets like India, a senior executive at the company told CNBC.When the tech company reported third-quarter earnings last month, it said — the greatest share of any region. International expansion has been a major focus for Netflix in recent years, particularly in markets across Asia-Pacific since 2016.Netflix focused on localization as it launched in the region, Tony Zameczkowski, vice president for business development in APAC at Netflix said in...…Key PointsIn this articleSINGAPORE — is betting big on Asia-Pacific by investing millions of dollars into original and licensed content in major markets like India, a senior executive at the company told CNBC.When the tech company reported third-quarter earnings last month, it said — the greatest share of any region. International expansion has been a major focus for Netflix in recent years, particularly in markets across Asia-Pacific since 2016.Netflix focused on localization as it launched in the region, Tony Zameczkowski, vice president for business development in APAC at Netflix said in...WW…

Keep Me Logged InKey PointsCoronavirus worldwide death toll surpasses SARSThe coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, .All times below are in Beijing time.Chinese President Xi Jinping insisted the country will win the fight against the coronavirus outbreak, saying he will adopt more decisive measures to contain the spread.Speaking on state television Monday, Xi said the country would speed up the development of drugs that have relatively good clinical effects against the deadly pneumonia-like virus.Xi's come shortly after China's National...…Keep Me Logged InKey PointsCoronavirus worldwide death toll surpasses SARSThe coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, .All times below are in Beijing time.Chinese President Xi Jinping insisted the country will win the fight against the coronavirus outbreak, saying he will adopt more decisive measures to contain the spread.Speaking on state television Monday, Xi said the country would speed up the development of drugs that have relatively good clinical effects against the deadly pneumonia-like virus.Xi's come shortly after China's National...WW…