The Russian central bank has ordered professional stock market participants to suspend the execution of all orders by foreign legal entities and individuals to sell Russian securities from Monday morning. The order was published by ACI Russia, the national organisation… Read More ›
protection
Protection of environment becomes part of Italian constitution
In a significant development, the Italian parliament has approved a law making protection of the environment part of its Constitution. Politicians and activists have hailed the bill as a significant victory for the country’s future. The new law states the… Read More ›
Pfizer’s surge in revenue triggers potential acquisitions
On Tuesday, investors hope to learn Pfizer Inc’s plans for what could be a once in a generation cash infusion from COVID-19 treatments and vaccines in 2022. Some drugmakers are looking to spend on potential acquisitions. According to Chief Executive Albert… Read More ›
Booster shot appears to protect against Omicron: Moderna
In a statement Moderna Inc said, a booster dose of its COVID-19 vaccine appears to protect against the fast-spreading Omicron variant of COVID-19 in laboratory tests; its current version of the vaccine will continue to be its “first line of defense… 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 ›
British Supreme Court to rule on Uber’s drivers rights today
On Friday, Britain’s Supreme Court is set to give its verdict over workers’ rights at Uber in what could be a potentially landmark judgment with major ramifications for millions of people in the gig economy. In 2016, in a lawsuit… Read More ›
Lufthansa in advanced talks for $9.9 billion rescue package with state government
On Thursday, German airline Lufthansa stated, it is in advanced talks with the German government’s economic stabilization fund over a rescue deal worth up to $9.9 billion (9 billion euros); the deal potentially includes the German state taking a 20%… Read More ›
Climate change making insurance premium unaffordable: Australia’s QBE Insurance Group
On Monday, Australia’s QBE Insurance Group stated, climate change is likely to make a group of insurance premiums unaffordable for customers who are exposed to extreme weather events. As a result, there is “material risk” for its operations across the… Read More ›
EU-Canada free trade deal aligned with EU law: Advocate General Yves Bot
The European Court of Justice is to decide whether the provisions of the EU-Canada FTA on investment protection are tenable in within the ambit of EU law. On Tuesday, Advocate General Yves Bot recommended to the European Court of Justice… Read More ›
Exxon Mobil halts oil survey survey over confrontation with Venezuela’s navy
Home of the world’s biggest crude oil reserves, production of crude oil in Venezuela, a OPEC member, has reached its lowest levels in 70 years. Guyana’s Foreign Affairs Minister Carl Greenidge stated, the government is “in discussion” with Exxon Mobil… Read More ›