It “seems unlikely” at this stage that a trade deal between the United Kingdom and the European Union would be possible after Brexit, said the negotiator for the EU. He was “disappointed” and “concerned”, said Michel Barnier while speaking after… Read More ›
Month: August 2020
Coronavirus Vaccine Alone Won’t End Pandemic, Warns WHO
A vaccine against the novel coronavirus pandemic will be a “vital tool” in the global fight against the coronavirus, said the World Health Organization on Friday, but also warned that the threat of the pandemic will not come to an… Read More ›
Markit Flash PMI Shows Sudden Spike In US Business Activity To Early 2019 Levels
With a resurgence in new orders for both the manufacturing and services sectors, business activity in the United States jumped back to its highest since early 2019 this month. This assumes significance because novel coronavirus cases are still on the… Read More ›
Despite Beating Estimates, Nvidia’s Data Center Performance Worries Investors
Despite reporting estimate beating forecast for sales for the third quarter, investors remained worried about the results of the rising semiconductor industry star’s data center business during the second quarter of the current year which affected the shares of the… Read More ›
General Electric Co retains CEO Lawrence Culp up to August 31, 2024
In a statement, General Electric Co said, it has extended the employment agreement of its Chief Executive Officer Lawrence Culp up to August 31, 2024. In a regulatory filing dated August 18, GE said, its board had also approved a… Read More ›
Arcturus Therapeutics Holdings in talks with dozen countries over COVID-19 vaccine supply agreement: CEO
In a statement, the CEO of Arcturus Therapeutics Holdings Inc disclosed, the U.S.-based company is in discussions with around a dozen countries for a COVID-19 vaccine supply agreement. The company is in early human testing of its COVID-19 candidate. In… Read More ›
Bayer AG reaches $1.6 billion settlement agreement for U.S. lawsuits surrounding Essure birth control implantable device
German drugs and pesticides giant Bayer AG stated, it will pay around $1.6 billion to settle the majority of U.S. claims involving its Essure birth-control device. The agreement comes in the wake of a $10.9 billion settlement which it hammered… Read More ›
Australia rejects China Mengniu Dairy Co proposed acquisition of its best known milk brands
On Thursday, as per a report from the Australian Financial Review, Cannberra will not approve a proposed buyout of Australia’s best known milk brands from Japan’s Kirin Holdings Co Ltd by China Mengniu Dairy Co. According to anonymous sources, the… Read More ›
Telecom Italia open to find solution on single fiber optic network, open to governance issue as well: CEO
On Thursday, in an interview to Italian daily La Repubblica, the CEO of Telecom Italia (TIM) stated, TIM will not accept less than 50% of any single broadband network but is ready to find a solution over governance of the… Read More ›
Lufthansa hammers out cost cutting deal with pilots, sees recovery in 2021
In a statement, German airline Lufthansa stated, it has formulated an agreement with pilots over a package of short-term measures which will reduce it cash burn and losses induced by the Wuhan Coronavirus pandemic. As per the agreement, in return… Read More ›