On Tuesday, Novartis raised the prospect of divesting its generic drugs unit Sandoz while revising upwards its revenue estimate for its two best-selling pharmaceuticals. “Novartis has commenced a strategic review of the Sandoz Division. The review will explore all options, ranging… Read More ›
Entrepreneurship
Japanese financial services group Orix Corp to divest software business Yayoi Co for more than $1.75 billion
According to a report from Bloomberg, Orix Corp, a Japanese financial services group, is likely to divest its software business Yayoi Co for more than $1.75 billion (200 billion yen). Blackstone Inc and Bain Capital are among its bidders, said… Read More ›
Northern China braces for more COVID-19 cases, stringent lockdown imposed
Parts of northern China are facing heightened COVID-19 curbs following a broader outbreak of COVID-19. Three new areas are being locked down with schools halting physical classes and an aerospace company delaying work on a rocket project. According to data… Read More ›
Egypt’s hotel running at 100% capacity: Ministry of Tourism
In a statement, an official from Egypt’s Ministry of Tourism said, Cairo has officially allowed hotels to run at full capacity while observing strict protocols against the Wuhan Coronavirus. Egypt’s Assistant Minister Abdel Fattah al-Asi said, the decision to allow… Read More ›
Jerusalem, Abu Dhabi sign green corridor agreement for vaccinated travelers
In a tweet, the Israeli consulate in Dubai said, Jerusalem and Abu Dhabi have signed a “green corridor” agreement which allows travelers vaccinated against the Wuhan Coronavirus to travel freely between the two countries.
Indian Actors And Cricket Players Launching Their Own NFTs
More and more celebrated and famous Indian filmstars from Bollywood as well as celebrities from the sports of cricket are launching their won non-fungible tokens (NFT) for making digital collectibles and memorabilia, expecting to profit thousands of dollars by capitalising… Read More ›
Indian fintech giant Paytm gets regulatory approval for market listing: sources
According to a source familiar with the matter at hand, Indian fintech giant Paytm has received regulatory approval from India’s capital markets regulator for its $2.2 billion stock market listing in what is slated to be India’s biggest ever IPO…. Read More ›
Sales of electric vehicles in the EU during Q3 registers major growth
Sales data released by a trade organization in the European Union shows, nearly one in five vehicles sold in the bloc during the third quarter of this year was an electrified model underscoring the trend of soaring EV sales. In… Read More ›
Tesla Inc updates prices of Model X, Model S Model Y and Model 3 cars
According to Tesla Inc’s website, the price of the Model X Long Range and variants of the Model S Long Range have gone up by $5,000. While the Model X Long Range has been priced at $104,990, the Model S… Read More ›
Saudi Arabia Targets To Achieve Net-Zero Emissions By 2060
The largest producer of oil, Saudi Arabia, has set a target to attain “net zero” greenhouse gas emissions by 2060 as the kingdom joined more than 100 countries around the world that are campaigning to address the issue of climate… Read More ›