Officials in China are seeking to prohibit online brokerage firms like Futu Holdings Ltd and UP Fintech Holdings Ltd from providing offshore trading services to mainland clients, the latest development in a comprehensive regulatory crackdown that has roiled a wide… Read More ›
Strategy
Covid-19 Pandemic Could Last Till 2024, Says Pfizer
Pfizer Inc. warned on Friday that the Covid-19 pandemic will not be over until 2024, and that a lower-dose version of its vaccine for children aged 2 to 4 years old produced a weaker immune reaction than anticipated, possibly postponing… Read More ›
Oracle in talks to acquire electronic medical records company Cerner
According to sources familiar with the matter at hand, Oracle is in talks to acquire electronic medical records company Cerner in a deal valued at $30 billion. The potential deal could bring Oracle a raft of health data to train and improve… Read More ›
Mitsubishi Corp names Katsuya Nakanishi as CEO
On Friday, in a statement Japan’s Mitsubishi Corp said, Katsuya Nakanishi, its executive vice president who is also the chief of its power business will now head the company as of April 1, 2022. Mitsubishi’s current president Takehiko Kakiuchi will become… Read More ›
Legal changes could be made to ease transport of medicines from Britain to Northern Ireland: European Commission
On Friday, in a statement the European Commission said, it is scheduled to make legal changes aimed at easing the transport of medicines from Britain to Northern Ireland. The move could release the build up of pressure over EU-UK ties… Read More ›
Novartis AG announces $15 billion share buyback plan
In a statement Novartis AG said, it has launched a new share buyback of up to $15 billion which will end by 2023. Confirming an expected sales growth by 4% through 2026, the Swiss pharma giant said its capital allocation strategy… Read More ›
IAEA strikes deal with Iran to place new cameras at centrifuge-parts workshop
In a statement the U.N. nuclear watchdog said, it has reached agreement with Iran on replacing surveillance cameras at a centrifuge-parts workshop that had been removed after an attack. The development removes one potential obstacle to wider nuclear talks. These… Read More ›
German Chancellor Olaf Scholz vows inclusive digital transformation of economy
German Chancellor Olaf Scholz said, his government would make Germany, Europe’s biggest economy, fit for the future and vowed it would leave no one behind in this major transformation of the economy. Vowing increased investments in climate protection and digitalization… Read More ›
Omicron likely to become dominant variant in Europe by early 2022: ECDC
In a statement, the European Centre for Disease Prevention and Control (ECDC) said, there is a “very high” that the Omicron variant of COVID-19 will become dominant in Europe by early 2022 and lead to a growing number of hospital… Read More ›