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Moderna Claims 93% Efficacy For Its Covid-19 Shot After Six Months Of Second Dose

Growth Of China's July Factory Activity Slowest Since Feb 2020

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Intel In Negotiations With GlobalFoundries For A Possible Acquisition Worth About $30 Billion - WSJ 07/16/2021

Important Rule On Dangerous Individuals Lost By Facebook For 3 Yrs 07/09/2021

Record London Direct Listing Values Wise At $11 Billion 07/08/2021

Corporate Bond Sale Helps Lufthansa Raise $1.2 Billion 07/08/2021

Analysts Expect Singapore's Temasek To Report Record Portfolio Value 07/12/2021

Latest Business News
Moderna Claims 93% Efficacy For Its Covid-19 Shot After Six Months Of Second Dose

Moderna Claims 93% Efficacy For Its Covid-19 Shot After Six Months Of Second Dose

Companies

Its Covid-19 vaccine was about 93% effective through six months after the second dose, said Moderna Inc on Thursday and the study by the company has shown that there was hardly any change in the 94% efficacy that was reported in the original clinical trial of the vaccine.   In comparison, the vaccines from Pfizer Inc and BioNTech SE were found to lose 6 per cent of their efficacy every two...
Growth Of China's July Factory Activity Slowest Since Feb 2020

Growth Of China's July Factory Activity Slowest Since Feb 2020

Markets

Higher costs of raw materials, equipment maintenance and extreme weather impacted business activity in China resulting the country’s July factory activity growing at the slowest pace in 17 years.   This has given rise to concerns about a possible slowdown the second largest economy of the world.   In July, the official manufacturing Purchasing Manager's Index (PMI) dropped to 50.4...
France's BNP Sees Profit Growth With Pandemic Blow Cushioned By The Government

France's BNP Sees Profit Growth With Pandemic Blow Cushioned By The Government

Companies

Unprecedented support from the French government to keep the economy afloat during the coronavirus pandemic benefited the country’s biggest listed lender BNP Paribas as it cut down on provisions for unpaid loans.   Banks across Europe have been able to shield profits as borrowers were able to keep up repayments because of the billions of euros of state support across Europe, ranging from...
Amazon Forecasts Continued Slowdown In Growth Despite Record Quarterly Profits

Amazon Forecasts Continued Slowdown In Growth Despite Record Quarterly Profits

Companies

With the rollout of Covid-19 vaccines allowing customers to venture more outside the home and shop at physical stores more than during the pandemic, a warning of a slow down in sales growth in the next few quarters was issued by Amazon.com Inc on Thursday.   This coincides with Andy Jassy replacing Jeff Bezos as the CEO of the company after 27 years.   The company said that there...
Renault Forecasts Profits For 2021 Despite Chip Crunch And Higher Raw Material Costs

Renault Forecasts Profits For 2021 Despite Chip Crunch And Higher Raw Material Costs

Companies

Even in the face of a global shortage in semiconductor chips and rising raw material costs curbed its car production, French carmaker Renault said it expected to be able to deliver profits for the full year of 2021.   The French company said its expected loss to production because of the chip shortage will be about 200,000 units for the entire of 2021 which was double the company’s...
Uber Shares Fall After Reports Of Offloading 45 Million Shares By SoftBank

Uber Shares Fall After Reports Of Offloading 45 Million Shares By SoftBank

Companies

Following reports that the Japanese investment firm SoftBank, one of the major investors of the ride hailing company Uber, was set to sell off about one third of its stake in the country, the shares of the United States based tech startup dropped significantly.   Recent reports quoting sources with knowledge of the matter claimed that SoftBank will be selling off about $2bn worth of shares...
Despite Growth In Sale Revenues, Nestle Warns On Margins

Despite Growth In Sale Revenues, Nestle Warns On Margins

Companies

While reporting strong organic sales for the first half of the current year because of strong demand for coffee, Nestle also cautioned investors against slight squeezing of margins for the year due to input cost inflation. Its gull year growth forecast was however raised by the world's biggest food group.   A surge in commodity costs is hitting the margins of most food companies and price...
Starbucks To Exit Its South Korean JV Which Is Valued At Over $2 Bln

Starbucks To Exit Its South Korean JV Which Is Valued At Over $2 Bln

Companies

Its joint venture in South Korea is will be ended by Starbucks Corp as the company has decided to sell off a part of its stake to local partner E-Mart Inc and the rest of its share to GIC, Singapore's sovereign wealth fund. The value of the Starbucks joint venture is touted to be valued at more than $2 billion.   Starbucks said in a filing on Tuesday that currently, half of the joint...
Intel To Build Qualcomm Chips Will Be Built At Intel Factories

Intel To Build Qualcomm Chips Will Be Built At Intel Factories

Companies

Semiconductor chips for Qualcomm Inc will now be manufactured in factories of United States based chip maker Intel Corp.   Making this announcement the US based company also laid out a roadmap for expansion of its new foundry business so that it is able to catch up with its rivals such as Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co Ltd by 2025.   Intel said...
Armani Stages Strong Bounce Back From Pandemic Hit In H1 With 34% Jump In Sale

Armani Stages Strong Bounce Back From Pandemic Hit In H1 With 34% Jump In Sale

Companies

A surge in sales in China and the United States helped the Italian fashion group Giorgio Armani to report a 34 per cent jump in sales for the first half of 2021 as the company strongly bounced back from the pandemic hit to its business.   The brand however said that a complete recovery for the pandemic hit could take as long as next year.    "The goal is to return to...
Indian Startup Zomato's Stellar Stock Market Debut Sets Up Stage For Other Indian Tech Listings

Indian Startup Zomato's Stellar Stock Market Debut Sets Up Stage For Other Indian Tech Listings

Companies

There was a massive 65.8 per cent surge in the stocks of the Indian food delivery firm Zomato Ltd in its stock market debut on Friday which set the value of the company at 988.49 billion rupees ($13.28 billion) while also and setting up the stage for other domestic Indian startups to plan their own listings.   Zomato, about 13 years old, is amongst the first generation of big home grown...
GM And Cruise Approaches To Stop Ford Using 'Bluecruise' Name For Hands-Free Driving

GM And Cruise Approaches To Stop Ford Using 'Bluecruise' Name For Hands-Free Driving

Companies

A federal court in the United States has been approached by General Motors Co and its Cruise robo-taxi subsidiary to stop the use of the name "BlueCruise" by Ford Motor Co in its marketing campaign for its hands-free driving technology.   This was stated by GM on Saturday.   The use of the BlueCruise name by Ford had infringed on GM's Super Cruise and other GM trademarks that the...

World

EU’s Attempt Of An Infrastructure Plan To Rival China's 'Belt And Road' Boosted By G7 Support

EU’s Attempt Of An Infrastructure Plan To Rival China's 'Belt And Road' Boosted By G7 Support
Following deals with India and Japan and support from the Group of Seven richest democracies, foreign ministers of the European Union have agreed on the launch of a global infrastructure plan seeking...

Biden Revokes Trump Ban On Tiktok, Wechat But Orders New Review

Biden Revokes Trump Ban On Tiktok, Wechat But Orders New Review
A series of Trump-era executive orders aimed at China were withdrawn by US President Joe Biden. Those executive orders that were passed by the former President Donald Trump were aimed at banning new...

Increased Likelihood Of Mild To Moderate Symptoms From Mix And Match Covid-19 Vaccine, Finds A New Study

Increased Likelihood Of Mild To Moderate Symptoms From Mix And Match Covid-19 Vaccine, Finds A New Study
A study in the United Kingdom to understand the effect on people of having two doses of two different Covid-19 vaccines found greater likelihood of reporting of mild to moderate symptoms for mix and...

Following Tit-For-Tat Sanctions, Ratification Of EU-China Trade Deal ‘Suspended’

Following Tit-For-Tat Sanctions, Ratification Of EU-China Trade Deal ‘Suspended’
Following tit-for-tat sanctions that were imposed kin March over the China’s treatment of its Uyghur population, the efforts to ratify a massive investment deal between China and the European Union...

Recovery Plans and Major Infrastructure Projects: Drawing Inspiration from France?

Recovery Plans and Major Infrastructure Projects: Drawing Inspiration from France?
The disastrous economic consequences of the COVID-19 pandemic and the subsequent national lockdowns have put unprecedented pressure on governments across the globe. Kickstarting economies through...

People

British Health Body Claims Two Shots Of Covid-19 Vaccine Effective Against India Variant

British Health Body Claims Two Shots Of Covid-19 Vaccine Effective Against India Variant
Health officials in the United Kingdom have said that the efficacy and effectiveness of a double dose of Covid-19 vaccines is almost the same for the fast spreading variant of the coronavirus that...

US Restarts Use Of J&J Covid-19 Vaccine After A 10-Day Pause

US Restarts Use Of J&J Covid-19 Vaccine After A 10-Day Pause
The United States ended its 10-day pause for the use of the cxovid-19 vaccine from Johnson & Johnson and the country can now use the vaccine immediately.   The usage was halted to...

The Most Common Side Effects After Receiving Covid-19 Vaccine Listed By America’s CDC

The Most Common Side Effects After Receiving Covid-19 Vaccine Listed By America’s CDC
Data about the most common side effects reported by Americans after taking shots of the Covid-19 vaccine from Pfizer or Moderna was released by the United States’ Centers for Disease Control and...

Covid-19 School Closures Make More Children Vulnerable To Trafficking, Says UN Report

Covid-19 School Closures Make More Children Vulnerable To Trafficking, Says UN Report
According to a report prepared by the United Nations, children are being targeted at an increasingly greater extent all across the world and traffickers will likely take advantage of the Coid-19...

Pandemic Conspiracies About Him Surprises Bill Gates

Pandemic Conspiracies About Him Surprises Bill Gates
The volume of "crazy" and "evil" conspiracy theories about him that were being spread all across social media during the Covid-19 pandemic about the Microsoft co-founder turned philanthropist Bill...

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