In a statement, U.S. Secretary of State Antony Blinken, the United States has rejected China’s maritime claims in the South China Sea beyond what it is permitted under international law; the move marks the first time the Bidden Administration resisted… Read More ›
Steven Cohen’s Point72 Asset Management suffered a loss of nearly 15% this year due to a sudden surge in GameStop Corp’s shares. The losses at Point72, which manages nearly $19 billion in assets, came in part from its investment in… Read More ›
Apple Inc has cornered nearly a quarter of the global smartphone market during the fourth quarter and has emerged as the world’s biggest smartphone seller; shipments of Huawei’s phones have plunged after they were hit by U.S. sanctions. According to… Read More ›
Matt Gline, the founder of SoftBank-backed Roivant Sciences, a biotechnology company, said he will be stepping down from the office of the chief executive officer. The company’s Chief Financial Officer (CFO) Vivek Ramaswamy will step into the role of executive… Read More ›
In a development that sees India playing a larger role towards mitigating threats from the coronavirus that emerged from Wuhan, China, the Serum Institute of India (SII), the world’s biggest vaccine maker has signed a supply deal with Saudi Arabia… Read More ›
In a development that sees China leveraging its trade leverage against a former five eye country, Beijing has signed a free trade agreement with New Zealand allowing the island nation export opportunities to the China’s market where state-backed have an… Read More ›
In a statement, Japanese chip and display materials maker JSR Corp stated, it would nominate Robert Hale, a partner at U.S. hedge fund ValueAct Capital, to be an outside director. In early 2020, ValueAct Capital became a major shareholder in… Read More ›
On Tuesday, alleviating industry concerns that the new variant of the coronavirus disease that has been surging in northern China, Huang Libin, an official from China’s Ministry of Industry and Information Technology said, the outbreak will have an impact on… Read More ›
In a move that could eventually see the Chinese firm Huawei Technologies Co Ltd exiting the high-end smartphone-making business, the firm was reported to be in early stage talks to sell its premium smartphone brands P and Mate, claimed a… Read More ›
United States based pharma company Moderna said that its Covids-19 vaccine that is already being used in a number of countries is effective against the new variants of the virus that have been detected in Britain and South Africa However… Read More ›
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