International Companies
Sinovac researchers 99% sure Covid-19 vaccine will be 'effective'
Scientists at Chinese biotechnology form Sinovac are 99% sure that their Covid-19 vaccine candidate will be effective.
Sberbank launches physical commodities trading arm in Zug, Switzerland
Russia's largest lender has opened a commodities trading company in Switzerland focused on oil, base metals and bulk commodities.
Uber UK launches app to find workers other gig jobs
Uber UK has launched an app called Work Hub for its drivers to view other gig work opportunities in a move to help them supplement pandemic-hit ride-hailing earnings.
Renault to cut 14,600 jobs in factory restructuring
Renault announced on Friday that it would be slashing 14,600 jobs as part of a restructuring of its factories in France to reduce costs.
Roche cheers latest data from phase 3 'Alecensa' study
Roche presented updated data from the pivotal phase 3 ‘ALEX’ study on Friday, showing an increased five-year survival rate with ‘Alecensa’, or alectinib, compared with crizotinib, in people living with anaplastic lymphoma kinase (ALK) positive non-small cell lung cancer (NSCLC).
Jack Dorsey stands by fact-check on Trump tweet
Twitter chief executive officer Jack Dorsey said he stands by the company’s decision to fact-check two tweets by President Donald Trump despite the White House’s intense criticism.
SpaceX delays first astronaut launch
SpaceX’s first manned launch scheduled for Wednesday was delayed after a storm hit with just 17 minutes left on the countdown.
IKEA delays expansion into South America until 2022
IKEA has delayed its expansion into South America until 2022 due to the Covid-19 pandemic which has slowed construction work.
Huawei CFO denied right to immediate release in extradition fight with US
Huawei finance director Meng Wanzhou lost a major battle in her fight against extradition to the US with Canadian authorities refusing to immediately release her and ensure her return to China.
HBO plans cheaper streaming services for 2021
AT&T’s Warner Media plans to release an ad-supported version of the HBO Max streaming service in 2021.
Tesla cuts prices by as much as 6% in North America
Tesla announced a cut of up to 6% in the price of its vehicles in North America with the aim of boosting demand.
Google plans to get employees back to offices
In a blog post, Google and Alphabet CEO Sundar Pichai wrote about company plans to return some of its workforce to its offices.
James Securities labels Sorrento Therapeutics a good bet to develop coronavirus 'antibody cocktail'
Shares in Sorrento Therapeutics were up ahead of the bell on Wednesday after analysts at James Securities said the firm was a safe bet to develop an "antibody cocktail" that could potentially prevent people from catching Covid-19.
Warner Music launches IPO valuing group at up to $13.3bn
Warner Music has relaunched its shelved initial public offering in a test of the market's confidence after the Covid-19 crisis caused share prices to plunge.
NASA and SpaceX confirm first astronaut launch
NASA and SpaceX confirmed on Tuesday that they are readying their first astronaut launch since the beginning of their Commercial Crew program in 2010.
Sanofi to sell stake in Covid-19 treatment maker Regeneron
Sanofi will sell its stake in US-based maker of Covid-19 treatments Regeneron Pharmaceuticals.
Merck to pursue Covid-19 vaccine using same approach as against Ebola
US pharmaceutical giant Merck has penned an agreement with researchers at IAVI to develop a vaccine candidate against the novel coronavirus which provokes Covid-19 using the same underlying technology as the ERVEBO vaccine for the Ebola virus.
Novavax begins trialling Covid-19 vaccine in Australia
Biotechnology firm Novavax has begun trialling a Covid-19 vaccine candidate in Australia as it hopes to release a proven vaccine by the end of 2020.
Germany approves Lufthansa stabilization package
Germany’s new Economic Stabilization Fund (WSF) approved a €9bn stabilization package for air carrier Lufthansa on Monday.
Facebook to shift to permanent remote work force
Facebook is planning to shift to a more remote workforce in a similar move to what’s being considered by many tech groups as a result of the ongoing pandemic.