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Challenge For Biontech-Pfizer Is To Scale Up Vaccovid-19 Vaccine Production

Scaling up manufacturing facilities to cater to the huge demand for their Covid-19 vaccine is the biggest challenge for Germany's BioNTech SE and its partner in the vaccine development, Pfizer now that the vaccine has been approved by the United States for emergency usage, said the chief executive...

Rolls-Royce Downgrades Its Own 2020 Outlook Due To Pandemic

The continued slump in air travel because of the novel coronavirus pandemic and related travel restrictions has forced the British engineering company Rolls-Royce to downgrade its forecast for cash flow for the current year while also warning of a challenging outlook for the next year.  ...

Fines Slapped On Google And Amazon For Violation Of Cookies Rules By French Watchdog

Its biggest ever fine of 100 million euros ($121 million) was handed over by France's data privacy watchdog to Alphabet's Google over charges of the tech giant violating the regulations on online advertising trackers (cookies) of the country.   A fine of 35 million euros was also slapped on...

New Fuel Cell Car Based On Hydrogen Technology Unveiled By Toyota

With the aim of cashing in on the growing demand for electric vehicles, including its own, Japanese auto making giant Toyota Motor Corp launched for sale its revamped Mirai hydrogen fuel cell car that has a 30 per cent greater travel range on a single charge as the company initiated a fresh push...

US Food Delivery Firm Raises $3.4 Bln In U.S. Listing And Doubles Valuation

The United States based food delivery firm DoorDash Inc managed to raise $3.37 billion through the sale of its shares in its initial public offering at $102 apiece which was higher than the upwardly revised target range that was announced by the company, the company said on Tuesday. This IPO mega...

Aramco Steps Into Non-Metallics Segment In A Joint Venture With Baker Hughes

A broad range of non-metallic products for multiple applications in the energy sector will be developed and commercialised through a 50-50 joint venture between Aramco and Baker Hughe, which has been named Novel, the two companies announced on Tuesday at a ceremony to mark the launch.   The...

Second Share Sale Worth $5billion In Three Months Launched By Tesla

With the meteoric rise in its share price in recent times, United States based electric car maker Tesla Inc plans to ride the wave of its stellar share prices and unveiled a $5 billion capital raise on Tuesday which if the second such move by the company in three months.   The market value...

Allegations Against Pornhub To Be Investigated By Mastercard

After a report was published in The New York Times of videos in the website Pornhub.com, that the authors of the report described to be of assaults on unconscious women and girls and many of the videos were of child abuse were , an investigation against the allegations against Pornhub will be...

LG Reorganizes Its Loss-Making Smartphone Business And Will Outsource Its Lower-End Models

South Korean tech giant LG Electronics has decided to reorganize its mobile phone business unit and is set to increase the role of outsourcing for manufacturing of its mid-end smartphones, the company said on Monday. According to analysts, this step by the company is strategy by it to bring down...

Over 400 Lawmakers From 34 Countries Sign Letter Supporting Make Amazon Pay Campaign

A campaign that claims the e-commerce and tech giant Amazon has "dodged and dismissed … debts to workers, societies, and the planet," has found support from more than 400 lawmakers from 34 countries, the organizers of the campaign said. The lawmakers have signed a letter supporting the campaign...

South Korean Battery Makers LG Chem And SK Innovation Fight Over EV Recalls In US

A tussle in currently on-going between the South Korean battery makers LG Chem and SK Innovation over the issue of whether the United States International Trade Commission (ITC) should take into consideration a recent recall of electric vehicles in relation to a case of trade secret theft.  ...

Its Digital Payments Business To Be Spun Off By Walmart's Flipkart

The digital business of the Walmart Inc-controlled Indian e-commerce firm Flipkart will be partially spun off, the company said on Thursday. Its digital payment app PhonePe will be spun off to broaden the businesses access to the capital markets for faster growth of the platform.   The...
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