A government support package of $1.6 billion has been granted to Novavax Inc by the US government to allow the drug maker the finances needed for testing, commercialization and manufacturing of a potential coronavirus vaccine in the United States. The government aims that the drug maker will be able to deliver 100 million doses by…
Any request for user data from the Hong Kong law enforcement authorities will not be processed by Facebook and its messaging service WhatsApp while the company conducts an assessment of the controversial security law passed by the Chinese government and now implemented on the city. They would “pause” conducting any review of requests for information…
The “big four” accountancy firms of the United Kingdom has been asked by the regulator to make their auditing operations stricter so that there is improvement in oversight of corporate finances. Accounting scandals have in recent years caused collapse of large companies in the country such as the case of Carillion and BHS. KPMG, PwC,…
While the novel coronavirus pandemic related economic and business hit has impacted the global auto makers. The impact has not been as bad as the other for the United States based electric auto maker Tesla in terms of the company’s sales and production. During the latest completed quarter, the electric car making company delivered 90,650…
Facebook co-founder and CEO Mark Zuckerberg has shrugged off suggestions of threat to the company because of a boycott of the largest social media platform by major advertisers in support of the company being forced to take a stronger stand on hate speech. Zuckerberg said that the advertisers will be back “soon enough”. The current…
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…
A new study that was conducted for more than a year has predicted that unless there is urgent government intervention to prevent he loss of habitat of the Australian koalas, these lovable animals will become extinct before 2050 in New South Wales (NSW), Australia. An estimate of the government that there are 36,000 koalas in…
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,…
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…
Virgin Australia, the airline that went into administration about two month ago, now has a new owner. The United States private equity firm Bain Capital has been selected by the administrators to take over the carrier. The administrators however did not disclose any details of the deal. Another bidder for the collapsed airlines was Cyrus…
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