PRESS DIGEST- New York Times business news - April 12
April 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Two days after Chinese regulators fined the e-commerce giant Alibaba $2.8 billion for placing illegal restrictions on the vendors on its shopping sites, the company said it would lower the fees it charges such merchants and invest in new services for them. https://nyti.ms/326R2HW
- The economy is at an "inflection point" and on the cusp of growing more quickly, the Federal Reserve chairman, Jerome Powell, said in an interview broadcast on Sunday night. But he warned that the crisis was not yet over. https://nyti.ms/3mF8w7p
- A power failure that appeared to have been caused by a deliberately planned explosion struck Iran's Natanz uranium enrichment site on Sunday, in what Iranian officials called an act of sabotage that they suggested had been carried out by Israel. https://nyti.ms/2PYDZWe (Compiled by Bengaluru newsroom)