Claiming that complying with the Chinese government has become increasingly difficult, Microsoft has decided to shut down its LinkedIn social network services in China. This decision was taken after some journalists’ profiles were blocked from the career-networking site which was severely criticised InJobs, a jobs-only version of the site, bill ne launched by Linked later…
The banking group UBS AG was sanctioned this week by the United States Commodity Futures Trading Commission (CGTC) a fine of $500,000 over charges that the bank had not been able to keep in its custody some specific audio recordings till such time that it was required to according to regulations, the agency said. “The…
Permission to end late-stage trials of their generic versions of Merck & Co’s promising experimental oral antiviral drug molnupiravir to treat moderate Covid-19 has been sought by two Indian pharmaceutical companies. It was just a week ago that Merck had announced success of its own trial for mild-to-moderate patients being treated with the medicine. Development…
India’s largest conglomerate the Tata group has been sold the country’s loss making national carrier Air India in a deal worth almost $2.4bn. Tata was the highest bidder for the airline that was put up for sale by the Indian government. Originally, the airline was founded by The Tata group in 1932 and was later…
After a sale of shares by the current investors which was announced earlier this week, the market valuation of Elon Musk’s SpaceX crossed $100 billion, said reports quoting sources. According to multiple people familiar with the matter, SpaceX has reached an agreement with new and existing investors to sell up to $755 million in…
Britain’s NatWest concede that it was unable to stop money laundering through it worth 400 million pounds ($544 million) and is likely to be slapped with a substantial fine. This is the first lender of the United Kingdom to have conceded to a criminal charge of not preventing money laundering. The British bank was bailed…
One potent weapon in the fight against Covid-19 comes from somewhere you might not expect: the banknote printing industry. Bioguard is a treatment invented 15 years ago for combatting viruses, bacteria and microscopic fungi on banknotes. Tests conducted last year by the solution’s creator, security printer Oberthur Fiduciaire, clinically demonstrated its efficacy against coronavirus. But…
According to data that experts praised as a possible milestone in how the Covid-19 causing virus is handled, an experimental antiviral medicine produced by Merck & Co has shown the potential to half the risks of dying or being hospitalised for people most at risk of acquiring severe case of Covid-19. If approved, molnupiravir, which…
United States based General Motors Co was beaten by Japanese automaker Toyota Motor Corp in terms of sale of its vehicles in the US market for the first nine months of the current year, partly because of the Detroit automaker struggling to ramp up production of its cars because of issues resulting from the global…
With more of its customers choosing to move online for their banking transactions and needs, almost one in five branches of Virgin Money UK will possible have to be closed down in the coming months, said the British bank on Thursday. This makes Virgin Money to become the latest bank to bring down its physical…
