The impending emergency use authorization of Pfizer’s Covid-19 vaccine in the United States is a major money making ticket for the company and its partner in the vaccine development. Within the next year alone, $32 billion in revenues from sale of Covid-19 vaccines will be generated by Pfizer and Moderna, according to projections by Wall…
Some telecommunication companies of the United States have been ordered by the US Federal Communications Commission (FCC) to remove Huawei equipment from their network and replace them with equipment from other vendors. The process of cancellation of China Telecom’s authorisation to operate in the US has also been initiated by the FCC. This is the…
An additional grant of $250 million was pledged by the Bill and Melinda Gates Foundation this week for the purpose of supporting the development and distribution of Covid-19 treatments and vaccines that were of low costs and were much easier to distribute and deliver to the common people. This latest contribution to the cause is…
With the novel coronavirus pandemic continuing to generate huge demand for home delivery, its annual earnings forecast was raised for the second time in two months on Thursday by the British online supermarket Ocado Group. A forecast of earnings before interest, tax, depreciation and amortisation (EBITDA) of “over 70 million pounds” ($93 million), compared to…
With for the first time in more than a decade, the consumer price index of China dropped in November with a drop in food prices. According to data from China’s National Bureau of Statistics on Wednesday, there was a drop of 0.5 per cent year on year in the month of November in the consumer…
The stakes for the United Kingdom have never been as high with days left for it to reach a trade deal with the European Union. But the three sticking points of fishing rights, government aid for companies and how disputes are settled stull threaten to collapse the trade talks. While costs for UK companies would…
Increasing chances of defaults and ultra-low interest rates are the two major headwinds that would be faced by global banks next year, believes Piyush Gupta, the chief executive of Singapore’s largest bank DBS. Gupta said that the economic hit of the novel coronavirus pandemic has been cushioned to a great extent by government support around…
No fresh investment in manufacturing of battery electric cars in Britain will not be made by the Japanese car giant Toyota until at least the mid-2030s. That announcement was a blow to the aims of the United Kingdom that its car industry will lead the path in the government’s efforts to shift away from conventional…
Despite the presence of billions of dollars in emergency World Bank funding, healthcare was either not available or had to be purchased during the novel coronavirus pandemic by millions of people in low-income countries of the world, a new research has concluded. According to an Oxfam report published on Friday, efforts to strengthen health systems…
Tech giants will have to change how they promote themselves, suggested the European Union’s competition chief with the bloc preparing to amend its competition regulations. A complete overhaul of digital regulation is expected to be announced by the EU later this month. It is expected that the new changed regulations will target the business models…
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