In a statement the President of the Richmond Federal Reserve said, the U.S. economy may be “on the brink of completing the recovery” from the recession that was triggered by the coronavirus-induced COVID-19 pandemic. “Vaccines are rolling out, and case… Read More ›
On Wednesday, in a statement Pfizer Inc said, it has decided to stop producing biosimilar products in China; it has also decided to sell one of its business unit in the eastern city of Hangzhou to WuXi Biologics Inc. “The… Read More ›
In a statement Singapore’s foreign ministry said, it is in discussion with Australia on introducing the possibility of an air travel bubble that allows residents to travel between the two countries without requiring them to be quarantined. “Singapore is discussing… Read More ›
In a significant development, Singapore has launched a travel “bubble” business hotel, in one of the world’s first such facilities, that enable executives to conduct face-to-face meetings without exposing themselves to potential coronavirus-induced COVID-19 infection. The bubble hotel has meeting… Read More ›
In a statement Okta Inc, an identity management company said, it has agreed to acquire Auth0, a smaller rival, for $6.5 billion in an all-stock deal. The development marks one of the largest software deals so far this year. The… Read More ›
According to a report from The Times, AstraZeneca Plc has sold its 7.7% stake in Moderna Inc for more than $1 billion. Moderna’s shares soared following news of its COVID-19 vaccine breakthrough. The report did not clarify the period over… Read More ›
On Friday, in a statement Australia’s aviation regulator stated, it will lift its ban on flights to and from the country that use Boeing Co’s 737 MAX aircraft. The development marks Australia as the first nation in the Asia-Pacific region… Read More ›
Discovery Inc said on Monday it expects to have 12 million global paid streaming subscribers by the end of this month, as coronavirus-led restrictions kept people home and fueled streaming subscriber growth. Launched in January, discovery+ houses 55,000 episodes from… Read More ›
In a development that marks China capitalizing on the coronavirus-driven COVID-19 pandemic, the Chinese government has made an investment in BGI Genomics Co, a Chinese listed company that supplies millions of COVID-19 tests globally. BGI is seeking to fund exponential… Read More ›
In a significant development, the Sunday Times reported, British finance minister in the upcoming budget in March, Rishi Sunak is likely to raise taxes on businesses to pay for the Government’s COVID-19 support schemes. During his March 3, 2020 speech,… Read More ›
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