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Japanese Airline ANA To Issue New Shares To Raise $3.2 Billion To Finance Purchase Of 787 Jets

Japanese airlines ANA Holdings has decided to continue to purchase the wide bodied 787 planes from Boeing according to its pre-pandemic orders for the planes to the company even while deliveries of such planes are being deferred and delayed by many other airlines across the world in order to...

Facebook Could Launch Its Libra Crypto Currency As Early As January: FT

Facebook is getting all ready to launch its crypto currency Libra as soon as January next year, according to a report published in the Financial Times on Friday based on unidentified sources who are directly associated with the project.   One of the sources in the news report was quoted by...

Guilty To Criminal Charges Agreed To By OxyContin Maker Purdue Pharma

In the opioid crisis case in the United States, Purdue Pharma LP pleaded guilty to criminal charges related to its efforts in handling of its addictive prescription painkiller OxyContin. This acceptance of guilt brought to an end investigation into the drug maker’s role in the crisis and a deal...

Pfizer-BioNtech Covid19 Vaccine Being Reviewed By UK Medical Regulator

Data from Pfizer/BioNTech about its recently concluded clinical trials for its Covid-19 vaccine us being reviewed by the Medicines and Healthcare products Regulatory Agency’s (MHRA) of the United Kingdom, the government said, which will be used for determining whether the vaccine candidate is able...

Local Hydrogen Trains Trial Launched By Siemens And Deutsche Bahn

Development of trains that are powered by fuel cells that have hydrogen as the fuel has been started by Siemens Mobility and Deutsche Bahn. The two companies are also developing a filling station which will be trialled in 2024. The aim of the companies is to replace diesel engines in trains in the...

Draft Anti-Monopoly Rules Of China Are 'Timely And Necessary', Said Alibaba CEO

The new rules that have been drafted by China and aimed at preventing market dominance and monopolistic behaviour of internet platforms and digital companies was described as being "timely and necessary" by the CEO of China’s tech giant Alibaba Group, Daniel Zhang on Monday.   The policies...

Official US President’s Account - @POTUS, To Be Handed Over To Biden By Twitter And Facebook On Jan. 20

Control of the @POTUS account will be handed over to the Joe Biden administration by Twitter Inc and Facebook Inc on January 20 – the say that he is slated to officially take over as the president of the United States, the two social media companies have said.   The @POTUS account is...

Wish IPO prospectus reveals heavy risks tied to e-retailer’s reliance on China

While filing its IPO prospectus with regulators, the e-commerce marketplace Wish also gave investors enough reason to be sceptical because of the company’s overreliance on China.   A variety of discounted products, ranging from cheap home-wares and apparel to electronics and toys is offered...

Chinese Market Targeted By Luxury Carmaker Maybach

Propped up by strong demand for China, plans of doubling up the sale of its luxury Maybach vehicles are being drawn up by carmaker Daimler.   A record number of 12,000 luxury Maybachs was sold last year by Daimler, which also owns the luxury car brand Mercedes-Benz. Maybachs’ most popular...

The Hugely Popular Tween Gaming Platform Roblox Applies For IPO

United States based the popular tween gaming platform Roblox us all set to go public and has filed papers for that purpose.   In the nine months ending in September, revenue of $589 million and an operating cash flow of $345 million were reported by the company.   According to the IPO...

Johnson & Johnson To Pay $120M In Damages In New York Baby Powder Case

Damages of $120 million to a Brooklyn woman and her husband were ordered to be paid against Johnson & Johnson by a New York state judge. The woman had pinned the blame for her cancer on the exposure to asbestos from the use of Johnson & Johnson’s baby powder.   Previously, a jury had...

Lessor Says Hybrid Engine Planes Expected To Be Developed By Airbus And Boeing As Next Generation Planes

When the next generation of airplanes are designed and developed by the air plane markers Airbus SE and Boeing Co, they are expected to try and develop and use hybrid electric technology because there are limits to the extent to which the current engines can be improved in terms of fuel efficiency...
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