On Monday, in a statement Rio Tinto said it will trim the short-term bonuses of its CEO as well as two other senior executives following a review of the company’s destruction of two historic caves in Australia in May which… Read More ›
Creativity
Explosion at Arab gas pipeline causes total blackout in Syria: SANA
On Monday, Syria’s state news agency (SANA) reported, an explosion on the Arab gas pipeline has caused a total blackout in Syria. The explosion occurred between the Ad Dumayr and Adra areas in Syria. In a statement, Syrian oil minister… Read More ›
Chairman of Australian wealth manager AMP Ltd resigns
On Monday, Australian wealth manager AMP Ltd stated, its chairman had resigned and the CEO of its funds management unit will be demoted, following concerns about alleged inappropriate conduct by the latter. In June 2020, AMP’s board, chaired by David… Read More ›
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 ›
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 ›
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