While pharma companies and other institutions all around the world are in the race of developing the bets vaccine for the novel coronavirus, its effect is being felt on the Wall Street also. After getting listed on Friday, the stock of the German firm CureVac, a biotech firm that is backed by the Bill &…
With Britain adding France, the most visited country in the world, on its quarantine list, the efforts and hopes of Europe to restart its huge travel and tourism sector has been dealt a severe blow. According to the latest guidance from the UK Department of Transport, updated late on Thursday, a mandatory quarantine of 14…
United States based e-commerce giant Amazon has now ventured into the online medicine market of India with the launch of an internet pharmacy in the country. After initially starting the service in the Southern Indian city of Bangaluru, the company may also expand the services into other cities of the country as well. This move…
Shared office provider, WeWork told employees that it has managed to slow down its cash burn rate by nearly 50% from December 31, 2019 and that it has secured a $1.1 billion finance commitment from its majority owner SoftBank Group Corp. In an e-mail to employees, the company said, while the coronavirus pandemic had hurt…
With Google and Apple removing “Fortnite”, a popular video game from their app stores for violating their in-app payment guidelines, game developer Epic Games has filed federal antitrust lawsuits challenging these very rules in court. Both, Google and Apple have cited the direct payment feature on the Fortnite app as a violation of their app…
While downplaying the threat of a ban on its chatting app WeChat, its owner Tencent believes that the ban will only impact its operations in the United States. An equivalent messaging platform called Weixin is run by the tech giant in China and the company hopes that that service will remain unaffected. Tencent believes that…
In a statement, U.S. electric truck maker Nikola stated, it was open to collaborating with South Korea’s Hyundai Motor on hydrogen technology. The development comes in the wake of Chosun Ilbo, a South Korean newspaper publishing a report on Sunday, saying Trevor Milton, Nikola Corp’s founder, wants to collaborate with Hyundai Incidentally, this is the…
The Chinese owned short video sharing app TikTok could no longer be allowed to app in app stores of the United States s well as not be able to publish any advertising on the platform according to the executive order banning the app by US President Donald Trump, said a report published by the news…
A radical change in the configuration of its offices is being planned by British Petroleum (BP). According to the plan, the oil and gas giant could reduce the properties its holds by almost 50 per cent by shifting about 50,000 employees towards remote working and flexible workplace layouts because of the novel coronavirus pandemic. According…
In a notable court ruling in the United States, a judge in California has ruled that the two rivaling ride hailing companies Uber and Lyft will now have to classify their drivers as employees and not treat them as mere freelancers. The court gave the two companies a period 10 days to file an appeal…
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