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…
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…
According to sources familiar with the matter at hand, Chinese electric vehicle startup Great Wall Motor plans on launching a new standalone brand for electric and smart vehicles in China, as it tries to pursue growth in this burgeoning segment. Inspired by U.S. technology and auto giant Tesla Inc, several Chinese automakers have announced plans…
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…
In a statement Uber Technologies Inc said, it is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora; the development underscores Uber Technologies Inc’s drive to accelerate its goal to achieve profitability. According to sources familiar with the matter at hand, the equity deal values ATG at $4 billion,…
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…
In a statement the head of cyber security at the United Arab Emirates stated the Arab state is facing increased incidents of cyber attacks after establishing formal ties with Israel. In August, breaking a decades old policy, in a landmark shift the UAE agreed to formally establish diplomatic ties with Israel, Following the move, Bahrain…
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