There will not likely be an overall pick up in travel spending anytime soon, Mastercard said on Wednesday while also warning that the timing and the availability of Covid-19 vaccines will be the determinant for a recovery in cross border volumes of travel. There is still a significant impact of the pandemic on international travel,…
A immune response that as found to be similar among older and younger adults was produced by the under-trial vaccine candidate against Covi-19 being developed by the British pharmaceutical giant AstraZeneca. The trial also fund that the potential adverse responses to the vaccine among the elderly were lower, said AstraZeneca, which is developing its potential…
Data for the late stage trial of its vaccine candidate against Covid-19 is not yet ready to be published, said drug maker Pfizer Inc on Tuesday. The company is developing the vaccine in partnership with Germany’s BioNTech SE. Any interim efficacy analyses had not yet been conducted by the independent monitor that is tasked with…
Conclusive evidence of water being present on the Moon was revealed by the United States space agency NASA after dropping hints days ago of a an “exciting new discovery about the Moon”. Nasa’s hopes of establishing a lunar base will be boosted by this “unambiguous detection of molecular water”. The agency plans to tap into…
The global economy could lose out on trillions of dollars because countries and governments are yet to get together to draw a consensus about how to safely restart travel in the midst of the novel coronavirus pandemic, said the chief executive of Dubai Airports. “We don’t have an agreed testing procedure for a reliable, accurate…
The Chinese fintech giant Ant Group seems to be completely ready to make the biggest ever stock market debut in the world. Shares worth about $34.4bn on the Shanghai and Hong Kong stock markets is to be sold by the company which is backed by Jack Ma – the billionaire founder of e-commerce platform Alibaba.…
According to the founder of the Chinese fintech giant Ant Group, Jack Ma, the huge dual listing of the company in China will turn out to be the largest ever in the world when calculated on the basis of a pricing determined on Friday night. “It’s the first time that the pricing of such a…
American lender Goldman Sachs will be paying out almost $3bn to close a probe over its role in the 1MDB corruption scandal of Malaysia. According to the an admission in the US court by the bank’s Malaysian subsidiary, it had paid bribes worth more than $1bn to win the contract to raise money for the…
It was just six months ago that streaming service Quibi had launched as a company in the United States but earlier this week the company said that it was winding down its business and operations and was soon to initiate a process for selling off its assets. According to analysts, this sudden announcement by the…
Chinese telecom and smartphone maker Huawei reported a drop in its sales growth following the tightening of restrictions against the Chinese tech company by the United States which has cut off the company’s access from the key technologies to a much greater extent. In the first nine months of 2020 it generated 671.3 billion yuan…
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