GSK agreed to buy Affinivax, a U.S. biotech, for up to $3.3 billion on Tuesday, its second large transaction in two months, giving the British pharmaceutical giant access to the company’s pipeline of next-generation vaccines. GSK, one of the world’s largest vaccine manufacturers, has been under pressure to strengthen its pharmaceutical pipeline ahead of the…
Soon after the world’s largest trading bloc agreed to put a partial embargo on Russian crude, Moscow committed to find new importers. The European Union resolved on Monday to restrict most Russian oil imports by the end of the year as part of fresh sanctions aimed at punishing Russia for its unjustified invasion of Ukraine.…
The competition authority in the United Kingdom has launched a new inquiry into Google, focusing on the company’s role in the advertising technology sector. It’s the UK’s second major antitrust investigation into Google’s ad practises. Earlier this year, the Competition and Markets Authority and the European Union opened a separate inquiry into Google and Facebook…
Dyson is attempting to develop robots that can assist with domestic duties in addition to vacuum cleaners and hand dryers. The business has revealed plans to build a significant robotics centre at its Hullavington Airfield location in Wiltshire, which would focus on developing new types of home robots. 250 robotics engineers will work at the…
After a price drop destroyed the country’s fundraising efforts in May, Ukraine, which has been pummelling by three months of war, expects to continue to harness crypto investors to help collect finances. Following Russia’s invasion of Ukraine on February 24, the Ukrainian government requested cryptocurrency donations on social media. At the World Economic Forum in…
Airbnb Inc, the vacation rental provider, has announced that it will cease all listings and experiences in mainland China as of July 30, joining a long list of Western internet platforms that have abandoned the Chinese market. The news was published on the company’s official WeChat account without any explanation for the decision. Chinese customers will still…
Forecasts and expectations for its annual revenues and profits have been raised by Nordstrom Inc as the company cited demand for its goods from affluent consumers to be the key factor in overcoming decades of rising inflation. this upbeat forecast sent the stocks of the company by 11 per cent in extended trade. In the first quarter, net sales at Nordstrom’s banner stores surpassed pre-pandemic levels…
During the Covid-19 pandemic, a new billionaire arose every 30 hours, and almost a million people could slip into abject poverty at the same rate in 2022. These are the dismal facts revealed by Oxfam recently. According to a brief released on Monday, the first day of the Globe Economic Forum summit in Davos, Switzerland,…
A senior executive at HSBC has reportedly been suspended after accusing central bankers and other authorities of misrepresenting the financial consequences of climate change. “There’s always some nut job telling me about the end of the world,” Stuart Kirk, a senior in the bank’s ethical investing division, said last week. HSBC CEO Noel Quinn expressed…
Twitter has announced that it will place inaccurate messages regarding the Ukraine war from official accounts behind warning notices. The shift comes after the social media site came under increased scrutiny after the war unleashed a new wave of misinformation, some of which came from official sources. More than 300 Russian government accounts, including President…
