Economic News
Novartis inks deal to help Pfizer-BioNTech ramp up output of Covid-19 vaccine
Switzerland's Novartis AG has inked a deal with Pfizer-BioNTech aimed at boosting the world's output of Covid-19 vaccines.
EU approves AstraZeneca Covid-19 vaccine
The European Union drug regulator said on Friday that it has approved the use of AstraZeneca’s Covid-19 for use in adults.
BofA sees 'correction' ahead in stockmarkets
Strategists at Bank of America are anticipating a 'correction' in global stockmarkets over the next few months but within the context of more enduring changes in the backdrop for financial markets.
CMA launches inquiry into Uber's Autocab acquisition
Uber’s acquisition of Autocab is the subject of the new inquiry by the UK’s competition watchdog that was launched on Friday.
Chinese warplanes simulate attacking US aircraft carrier
Chinese military aircraft simulated attacking a nearby US carrier with missiles during an incursion into Taiwan’s air defence zone this week.
Iran will not reverse nuclear steps unless US first lifts sanctions
Iran will not reverse the acceleration of its nuclear programme until Washington lifts economic sanctions, Foreign Minister Mohammad Javad Zarif said on Friday.
UK grants Hong Kong citizens route to British passports
Britain on Friday announced it would be offering Hong Kong citizens a route to citizenship but China said it would no longer recognise special British passports.
Elon Musk changes Twitter bio, sends Bitcoin surging
Bitcoin surged on Friday after Tesla and SpaceX boss Elon Musk changed his Twitter bio to just "#bitcoin".
France and Spain beat GDP forecasts in fourth quarter
France and Spain's economies beat expectations in the fourth quarter, suggesting eurozone will produce a positive surprise with many countries under strict Covid-19 restrictions.