Dubai will begin inoculating people with the Pfizer and BioNTech COVID-19 vaccine from Wednesday, said the emirate’s government in a statement. The development marks Dubai joining Saudi Arabia, which was the first Arab country to begin inoculating people with the… Read More ›
Entrepreneurship
Daimler’s truck division preparing for stock market debut
According to sources familiar with the matter at hand, Daimler is preparing a stock market debut for its trucks division, reported German business newspaper Handelsblatt. The unit could be floated at the end of 2021, said sources while adding that… Read More ›
Brexit trade deal possible by Wednesday: ITV’s political editor Robert Peston
On Wednesday, ITV’s political editor stated a Brexit trade deal could potentially be on the cards following both sides making progress on fishing rights; the tweet follows another tweet which said there was no chance of an accord before Christmas…. Read More ›
UK trucks could start rolling into France today: British Housing minister Robert Jenrick
On Wednesday, during an interview with Sky News television, British Housing minister Robert Jenrick stated he hoped trucks would begin rolling into France following Paris lifting its ban on freight coming from Britain following the outbreak of a new strain… Read More ›
ArcelorMittal SA, Nippon Steel Corp to build electric arc furnace at joint venture factory in Alabama
On Tuesday, ArcelorMittal SA and Nippon Steel Corp will spend $775 million to build an electric arc furnace at their U.S. joint venture in Alabama. They plan on starting a production during the first half of 2023, said Nippon Steel…. Read More ›
Movie studio MGM Holdings exploring potential sale
According to a source familiar with the matter at hand, U.S. movie studio MGM Holdings is exploring a sale. MGM Holdings, the studio behind the hugely popular “James Bond” franchise, has tapped investment banks Morgan Stanley and LionTree LLC and… Read More ›
easyJet defers taking delivery of 22 Airbus jets
On Tuesday, British airline easyJet stated, it has agreed with Airbus for deferring to take the delivery of aircraft; the finances of the airline, much like its peers, have come under severe pressure during the coronavirus-induced COVID-19 pandemic. easyJet said… Read More ›
UK Could Face Food Shortages Due To French Ban, Says Sainsbury’s
The banning of hauliers carrying freight across the English Channel amid fears over the new coronavirus strain by France could result in shortages of lettuce, broccoli and citrus fruit during the festive seasons, the grocery giant Sainsbury’s has warned. Even… Read More ›
$11.7 Billion Raised Via US IPOs This Year By China-Based Firms, The Highest Since 2014
Despite tensions between the United States and China, investors of the US stock markets showed affinity for Chinese companies and which reached a six year high in 2020. According to a recent report from Renaissance Capital, so far this year,… Read More ›
Norway announces travel restrictions on Britain following discovery of COVID-19 strain
In a statement on Monday, Norway’s health minister said, Flights from Britain to Norway will be suspended with immediate effect for a minimum of 48 following the discovery of a new strain of the coronavirus. On Saturday, British Prime Minister… Read More ›