General Motors Co announced on Thursday that it will make an investment of $300 million in the Chinese self-driving startup Momenta for developing self-driving technology for the American company’s future models in China, marking the company’s first such partnership in the world’s largest vehicle market. Momenta is one of the few firms in China with…
Pfizer and BioNTech will donate 500 million additional doses of their Covid-19 vaccines to the United States government which will then be rerouted to poorer countries. Wednesday’s announcement expands on the existing agreement between the U.S. government and the companies to supply additional vaccine doses at no-profit prices to less-advantaged countries. This brings the total…
McDonald’s Corp announced Tuesday that it will dramatically reduce plastic use in its more than 1 billion toys for children that the company sells worldwide every year by 2025. This new initiative will involve the replacement of a Batman figurine which is currently made from plastic by one that will be made with 12 cardboard…
Evergrande’s main property unit has announced that it has reached a deal for a bond interest payment due Thursday. The domestic bond amount is $35.9 m. Investors who are worried about the company’s debt crisis will be relieved by this announcement. The world’s largest developer is due to make an $83.5m interest payment on an…
According to AirBnb’s boss, the Covid-19 pandemic has changed forever the manner of travelling by people. Brian Chesky said that the lines between leisure and business travel are becoming blurred due to remote working. He said that with people seeking more “human connection”, travellers are opting to spend longer time with friends and family. Chesky…
Johnson & Johnson announced on Tuesday that a second dose of its Covid-19 vaccine enhanced the effectiveness of its first shot to 94 per cent against moderate to severe forms of the disease in the United States if it is administered approximately two months after its first shot. In comparison, its single dose provided a…
Clover Biopharmaceuticals of China reported on Wednesday that its potential Covid-19 -19 vaccine was found to be 67 per cent effective against any severity of the coronavirus and 79 per cent effective against the highly infectious Delta variant. Currently the company already holds a deal for supplying 414 million doses its Covid-19 vaccine through the…
The Emmy award for best comedy given to “Ted Lasso” on Sunday wa san opportunity for Apple Inc. to showcase its streaming TV credentials. At the same event, a best drama win for “The Crown” landed Netflix Inc its biggest television award till date. The pioneer of video streaming of films and TV shows, Netflix…
The result of bitcoin mining is electronic waste (e-waste) and its annual quantity is the same as the tiny IT equipment waste generated from an area just like the Netherlands, research shows. According to estimates of Alex de Vries and Christian Stoll, miners of the cryptocurrency annually generate about 30,700 tonnes of e-waste. That averages…
The UK business of the US struggling fashion giant Gap has been leased a new lease of life with a joint venture formation with UK retailer Next, according to which Gap’s UK website will be managed by Next while also placing concessions in some stores. Under the JV, some of Gap’s physical presence on the…
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