In a significant development in a statement drugmaker Pfizer Inc said, its experimental COVID-19 vaccine has been effective more than 90%, as per initital trial results. The development marks a major victory in the war the Wuhan coronavirus-induced COVID19 pandemic which has killed more than a million people globally and has brought the growth of…
In a significant development, in a statement Richard Branson’s Virgin Hyperloop said, it has completed the world’s first passenger ride on a super high-speed levitating pod system. The development marks the passing of a key safety test in this next generation transportation technology which will transform human and cargo transportation in the coming future. In…
In a significant development that sees Facebook gaining entry into India’s booming digital payment space, WhatsApp has been granted approval to role its payments service in India. WhatsApp, which has over 400 million users in India, its biggest market, will compete with Alphabet Inc’s Google Pay, Softbank- and Alibaba-backed Paytm and Walmart’s PhonePe. Menlo Park,…
In a statement the U.S. Justice Department stated, it had seized more than $1 billion worth of bitcoin associated with the underground online marketplace Silk Road. The Justice Department is seeking the forfeiture of the bitcoins, which had been in the possession of an unnamed hacker who had stolen them from the “notorious” website. The…
Its first loss in its 94 years as a publicly-listed company was reported by Marks & Spencer as the novel coronavirus pandemic severely hit its business. A loss of £87.6m was reported by company in the six months to 26 September, compared to profits of £158.8m that the company had reported in the same period…
It has been quite some years that Asia’s richest man Mukesh Ambani has been trying to reduce the reliance on oil for his company. And this week showed why. Following a fall in the share price his conglomerate plunging as much as 8.6 per cent, the wealth of top billionaire of Asia was wiped off…
According to sources familiar with the matter at hand, Comcast and Walmart Inc are in collaborative talks to develop and distribute smart TVs. Under the terms of discussion, Walmart will promote TV sets running Comcast software and in return get a share of recurring revenues from Comcast. Comcast is competing with Apple TV+ and Netflix…
On Tuesday, Hong Kong’s securities watchdog stated, the city will require every cryptocurrency trading platforms to be regulated regardless of whether they trade securities. In a statement Hong Kong’s Securities and Futures Commission (SFC) said, previously the regulatory framework for cryptocurrency trading platforms had the ‘opt in’ option; now this has become mandatory, said SFC…
With oil prices recovering from spring lows, a surprise profit for the third quarter was posted by Chevron Corp helped by its spending cuts which propped up its operating results. A plummeting of demand for fuel and crude oil prices that stayed about 40 per cent of what the price was at the beginning of…
A new body that will deal with the thorny questions revolving around the future of transportation including self-driving cars and electric vehicles us being launched by a group of business leaders and public policy experts. The new body is called the Commission on the Future of Mobility and was launched last week. A new regulatory…
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