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Johnson & Johnson Cancels Acquisition Of Takeda's Tachosil Surgical Patch

Regulatory issues have forced the acquisition of Takeda Pharmaceutical’s surgical patch product TachoSil by Johnson & Johnson. The cancellation of the deal was announced by the American multinational corporation that makes medical devices, pharmaceutical and consumer packaged goods on Friday....

New Technology To Slow Spread Of Covid-19 Being Planned By Apple And Google

A technology that will allow contact tracing of Covid-19 – the disease caused by the novel coronavirus, will be created by two of the tech giants in the world Apple Inc and Alphabet Inc's Google. The technology will give users the option to log into other phones they have been near.   This...

Tesla Starts Local Chinese Production Of Model 3, Avoids Trade Tariffs

United States based electric car maker Tesla is now manufacturing all the Model 3 sedans sold in Chinese market at its Shanghai plant thereby adding two more variants of the Model 3. This means that all of the cars that it is selling in China are now locally manufactured and hence are no more...

Patent Suits Filed Against Philip Morris’ IQOS Products By BAT

British American Tobacco has alleged that that its bigger rival Philip Morris International Inc had infringed its patents with respect to the tobacco heating technology used in Philip Morris’ IQOS devices which has resulted in BAT filing a case against Philip Morris in the United States and...

Salary Cut And Furloughing Staff Announced By Tesla As It Closes Factories In US

According to reports citing an internal email sent by Tesla on Tuesday, the company will pay for its salaried employees between 10% and 30% and furlough the rest of the workers as the company plans to suspend production at its factories in the united States until at least May 4 because of the...

Security Concerns Forces German Foreign Ministry To Restrict Use Of Zoom

Zoom – the firm that provides video conferencing services and one that has assumed popularity in the coronavirus pandemic induced lockdowns, is in trouble in multiple countries.   The use of the video conferencing service has been restricted by the German foreign ministry from use within the...

Samsung Beats Estimates For Its First Quarter Forecast Despite Virus Pandemic

Strong demand and sale for its chips helped South Korea’s Samsung Electronics Co Ltd to make a slight operating profit for the first-quarter compared to a contraction the in the same period a year ago. The growth in the chip segment also helped the company to offset the hit from the coronavirus...

Britain's Vodafone’s M-Pesa Acquired By Safaricom, Vodacom

The popular mobile money platform M-Pesa, of the United Kingdom based Vodafone, has been acquired by Kenya's leading telecom firm Safaricom and South Africa's Vodacom, the two companies said in a statement on Monday.   "The transaction... will accelerate M-Pesa's growth in Africa by giving...

Virus Pandemic Forces Suspension Of Construction Work By Dubai's Emaar: Reports

Work on its major project in Dubai has been suspended by Emaar Properties, which is the largest listed construction company in the United Arab Emirates, according to reports quoting sources familiar with the matter. This decision, according to sources, was because of the spread of the coronavirus...

Amazon Wants Wide Testing Of Its Workers, Talks With Coronavirus Test Makers: Reuters

As Amazon - the largest e-commerce platform company of the world, struggles to find an effective way to screen its staff and reduce the risk of infection at its warehouses, the company has got in touch with the CEOs of two coronavirus test makers to find a solution, according to a report filed by...

SoftBank Not To Go Ahead With $3 Billion Tender Offer For WeWork

Last year Japanese investment company SoftBank had agreed to a tender offer for additional WeWork shares with shareholders worth $3 billion which has now been terminated by the Japanese firm. This has now raised the threat of legal actions while deepening the problems and crisis for the already...

Disney Partners With OSN For Launch Of Its Disney+ Services In Middle East

Disney+ streaming services from WALT Disney is set to make its debut in the Middle East and North Africa from April 9 in partnership with OSN – the regional pay television and online streaming service provider.   Without disclosing much information about the deal, OSN Chief Executive Patrick...
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