In a significant development, the U.S. Food and Drug Administration (FDA) has released guidance for approving a coronavirus vaccine stating that the vaccine has to prevent or decrease the severity of the COVID-19 disease in at least 50% of people who have been inoculated. Worldwide more than 100 vaccines are being tested against the coronavirus…
On Wednesday, U.S. private equity group Carlyle stated, it has decided to purchase a 25% stake in Indian telecom firm Bharti Airtel Ltd’s data center arm for $235 million. The development marks the rapid growth of digital services in India. In a statement both companies said, the acquisition will provide Airtel’s Nxtra Data Ltd an…
The constant lowering of global oil prices over the last few years, which has been compounded by a slump in demand for oil and gas because of the novel coronavirus pandemic is has forced the Anglo-Dutch company, Royal Dutch Shell, to write down the value of its assets by as much as $22 billion. These…
With a growing list of corporate advertisers agreeing to join the #StopHateForProfit campaign aimed at pressurizing Facebook to take stringent measures to stop the spread of hate, the largest social media company of the world is facing an advertising boycott that is has never experienced in its recent history. Some of biggest advertisers on Facebook,…
All paid advertisements on all social media platform globally will be stopped for at least 30 days by Coca-Cola, the company has announced. In its statement however the company confirmed that it would not be joining the official advertisement boycott campaign of social media platforms by companies, but said “we are pausing” advertising. After the…
While many with money would want to shift and move to stay in New Zealand, the current novel coornavirus pandemic and strict rules about who can buy property there currently prevents most from settling in the country. However, if one has $11.6m in their pockets and is willing to become the sheriff of a wild…
On Monday, in a significant development, the Dutch government began auctioning airwaves for 5G networks with a floor of $1 billion (900 million euro). Telecommunication companies including Vodafone, KPN, and T-Mobile are participating. The auction is for the 700, 1400 and 2100Mhz frequency ranges. The companies will submit bids in a series of daily rounds…
In a development that signals a change in its business model, Sony Corp stated, it’s image sensor business aims to replicate the PlayStation’s success to address its reliance on a handful of manufacturers in the fiercely competitive smartphone market – it plans on selling software by subscription for data-analyzing sensors in situ. Much akin to…
In a significant development, three of China’s biggest state-owned airlines have taken delivery of their first ARJ21 short haul 90-seater aircraft made by state-owned Commercial Aircraft Corporation of China (COMAC). In a statement COMAC said, China Eastern Airlines Corp Ltd, Air China Ltd, and China Southern Airlines Co Ltd have received the aircraft; they would…
Alphabet’s Google has agreed to pay more for high-quality content to some media groups in Australia, Brazil and Germany and expects that it will strike more deals, in a move that is being seen as a step forward at resolving the issue that the tech giant has with publishers. The company has however said that…
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