The boundaries of vaccine technology are being pushed by the few drug makers currently dominating the global coronavirus vaccine race. However, a more conventional and proven designs is likely to be adopted by the next crop of vaccines that are… Read More ›
Uncategorized
Samsung’s Profits Decline Due To Weak Server Chip Demand Despite Strong Earnings In Q3
Weak server chip demand and rising smartphone competition will result in a fall in profit in the fourth quarter, expects Samsung Electronics Co Ltd. On Thursday however the company offered its best quarterly operating profit in two years for… Read More ›
Covid-19 Vaccine May Be Available In The UK Even Before Christmas This Year
Kate Bingham, the chair of the United Kingdom government’s vaccine taskforce said in an interview to the media that a Covid-19 vaccine may be available for some people even before Christmas. She however added that it is more likely that… Read More ›
2020 Profit Forecast Raised By Sony After Record Q2 Performance
After reporting a record profit for its second quarter, Japanese electronics giant Sony Corp raised its annual profit outlook. The company’s performance as driven by its gaming business which continued to capture “nesting” demand just ahead of the next month… Read More ›
Efforts To Reduce Plastic Waste Being Undertaken By Global Toy Companies
After using environmentally destructive plastic in the products and packaging of toys for decades, efforts at becoming more eco-friendly are now being made by many large toy companies. With parents being forced to keep their children back at home during… Read More ›
Buyout giant Carlyle Group Inc close to purchasing Siemen’s mechanical drive arm Flender for $2.37 billion
According to a report from Bloomberg News, U.S. buyout group Carlyle Group Inc is closing in on a deal to acquire Siemens AG’s mechanical drive arm Flender for around $2.37 billion (2 billion euros). A deal could potentially be announced later this… Read More ›
200 Drink Brands To Be Discontinued By Coca Cola
Almost half of its current portfolio of brand is to be cancelled by Coca Cola. Some beloved but out dated drinks such as Tab, Zico and Odwalla would be discontinued by it, the beverage giant had already announced. But earlier… Read More ›
Barclays Beats Expectations For Q3 With Steep Drop In Provisions For Bad Loans
A net profit of £611 million ($797.7 million) was reported for the third quarter by the British bank Barclays on Friday as the lender attempts to stage a recovery from the hit it took because of the novel coronavirus pandemic…. Read More ›
UK Scientist Believes Covid-19 Will Likely Turn Into An ‘Endemic’ Such As The Flu
United Kingdom’s chief scientific advisor believes that it is likely that Covid-19 will become as “endemic” as the annual flu virus. None of the potential vaccines are likely to eradicate the virus, said Patrick Vallance, even though some of the… Read More ›
ECB’s Panetta Says Euro Zone Recovery Delay Risk Due To Second Pandemic Wave
The recovery of the euro zone from the deep recession could be derailed in the event of a large second wave of the novel coronavirus pandemic which makes it more important to announce ultra-easy monetary policy, said Fabio Panetta, a… Read More ›