Taiwanese chip giant TSMC posted a 16.4% rise in quarterly profit on the back of heightened global demand for semiconductors with the Coronavirus induced COVID-19 pandemic driving up demand for chips creating a supply crunch. Although the global chip crunch… Read More ›
coronavirus
Omicron surge increasing drag in Australia’s economic recovery
On Wednesday, Australia’s New South Wales, its most populous states, saw a significant increase in Omicron infections leading to staff shortages that have disrupted supply chains hampering its economy’s recovery. Businesses are grappling with a growing toll of workers who… Read More ›
Allegiant Air plans to buy 50 Boeing 737 MAX jets at $5 billion: sources
According to sources familiar with the matter at hand, Allegiant Air is set to place an order for 50 Boeing 737 MAX jets worth $5 billion at list prices, as the air carrier seeks to ride on the boom of… Read More ›
Omicron infection enhances neutralizing immunity against the Delta variant
A study by scientists at South African shows, an infection by the Omicron variant enhances neutralizing immunity against the Delta variant. The yet-to-be peer-reviewed article, found that people who were infected with Omicron, especially those who were vaccinated, developed enhanced… Read More ›
AstraZeneca’s booster shot effective against Omicron: Oxford University
In a statement drugmaker AstraZeneca said, a three-dose course of COVID-19 vaccine is effective against the Omicron variant of the coronavirus, citing data from an Oxford University lab study. The results of the study, which is yet to be published… Read More ›
Covid-19 vaccines likely to be less effective against Omicron variant: WHO
In a statement on Wednesday, the World Health Organization said, preliminary evidence indicates that COVID-19 vaccines may be less effective against transmission and infection from the Omicron variant of the coronavirus; it also carries a higher risk of reinfection. As… Read More ›
Double doses of vaccination will not neutralize Omicron variant: Oxford study
Two doses of COVID-19 vaccinations will not suffice to neutralize antibodies against the Omicron variant of the Coronavirus, found British scientists. They further found that those who have been previously infected or vaccinated may face increased infections. Researchers from the University… Read More ›
Israel adds Britain, Denmark to red list to contain Omicron spread
In a statement Israel said, it has added Britain and Denmark to its “red” list of countries that its citizens are forbidden to visit to contain the spread of the Omicron variant of the Wuhan Coronavirus. The travel restrictions will… Read More ›
Lessons from Wuhan Coronavirus should not be squandered: Oxford-AstraZeneca
In a statement vaccine maker Oxford-AstraZeneca said, future pandemics could potentially be more lethal than COVID-19; the lessons learned from coronavirus induced COVID-19 outbreak must not be squandered. According to Johns Hopkins University, the Wuhan Coronavirus has, so far, killed 5.26… Read More ›
Crude oil prices rise after Saudi price hike
Oil prices have risen by more than $1 dollar after Saudi Arabia raised prices for its crude oil sold to the United States and Asia. Brent crude futures for February gained $1.69 to $71.57 a barrel while U.S. West Texas… Read More ›