Toyota, With Help From Chinese Partner BYD, To Launch A N Electric Vehicle Soon: Reuters 

An all-electric compact car in China will be launched next year by Japan’s an all-electric compact car in China, said a report from news agency Reuters, quoting information from sources with knowledge of the matter. The vehicle is reported to have been made with the help of Toyota’s local Chinese partner BYD which supplied the…

Amex Global Business Travel To Merge With Apollo SPAC For $5.3 To Go Public

American Express Global Business Travel (GBT) is set to get publicly listed at the stock market through a merger with a blank-check startup funded by Apollo Global Management Inc in a deal worth an estimated $5.3 billion, the company said on Friday. The company expects to achieve gross proceeds of up to $1.2 billion, including…

Vaccine Upgrade Being Considered By BioNtech, Can Move Fast To Address Omicron Threat, Says CEO

BioNTech should be able to change its coronavirus vaccine swiftly in reaction to the Omicron variant, and the next few weeks will demonstrate how urgently an upgrade is required, according to BioNTech CEO Ugur Sahin, who spoke at the Reuters Next conference on Friday. People should continue to seek out the established injection, which was…

Its Antibody Drug Works Against Omicron Variant, GSK Says

GlaxoSmithKline (GSK) said on Thursday that laboratory testing of the antibody-based Covid-19 treatment that it is developing in partnership with the United States based from Vir has shown that the medicine is effective against the Omicron variant of the novel coroanvirus. According to a statement made public by GSK, lab testing and a hamster research…

Delta Variant Of Covid-19 Could Be Outpaced By The Omicron Variant, Says South African Disease Expert

According to the director of South Africa’s communicable disease institution, the omicron variant of the coronavirus discovered in southern Africa might be the most probable contender to replace the highly infectious Delta vartiant. The discovery of omicron has sparked widespread concern, with governments restricting travel from southern Africa out of worry that the virus may…

Global Chip Shortage To Extend Into 2022, Warns Volvo Cars As Its Reports Drop In Q3 Profit

The global shortage of semiconductors that started earlier is slated to continue to well into the next year, warned Volvo Cars. The global auto industry is one of the sectors that has been significantly impacted by the global shortage of chips. The warning was issued by the company as it reported a drop in its…

Moderna Chief Warns Current Covid-19 Vaccines May Not Stop Omicron

According to Moderna’s chief medical officer, Omicron, a novel coronavirus strain, may evade the current generation of Covid-19 vaccinations. In the next weeks, scientists should know more about vaccinations’ capacity to give protection, according to Paul Burton. “These mutations – at least 30 of them in the spike protein alone, nine of them known to…

Lawsuit By Former Employees Complain Google Did Not Honor ‘Don’t Be Evil’ Pledge

A section of former employees of Google has filed a lawsuit against their former employer’s Alphabet Inc unit on Monday. The plaintiffs claimed that the company violated the terms of their employment agreements as it had not followed its infamous mantra “don’t be evil.” In the suit filed at California State Court in Santa Clara…