International Companies
Russian and Chinese vaccines could have limited effectiveness, scientists say
Covid-19 vaccines developed in Russia and China could have limited effectiveness as they are created using the common cold virus that many people have been exposed to.
Credit Suisse to set up bank hub in Madrid post-Brexit
Credit Suisse will set up investment bank hub in Madrid moving it from its current location in London after the UK has left the European Union for good in 2021.
Roche gets US FDA approval for 'FoundationOne Liquid CDx' test
Roche announced on Friday that the US Food and Drug Administration (FDA) has approved ‘FoundationOne Liquid CDx’, a comprehensive pan-tumour liquid biopsy test for patients with solid tumours from its Foundation Medicine division.
Norwegian Air warns it could go bust despite bailout
Norwegian Air Shuttle warned on Friday that it could go bust despite a government bailout, as it reported its first-half results.
Coca-Cola to restructure workforce, announces job cuts
Coca-Cola said on Friday it would be cutting part of its global workforce as part of a company-wide restructuring.
Moderna in talks to supply Japan with 40m Covid vaccines
US biotech company Moderna confirmed on Friday that it is in talks with Japan about the potential supply of 40 million or more doses of its Covid-19 vaccine candidate.
Elon Musk claims Tesla was target of ransomware attack
Tesla boss Elon Musk said the company had suffered an attempted cyberattack on Thursday.
Amazon orders 1,800 electric Mercedes-Benz vans for European deliveries
Amazon announced on Friday that it had ordered 1,800 electric vans from Mercedes-Benz to carry out European deliveries.
Porsche to go ahead with electric model launch despite drop in sales
Porsche is set to press ahead with the launch of new electric models in the US despite a drop in sales during the coronavirus crisis.
Delivery Hero buys InstaShop for $370m
Delivery Hero has bought InstaShop, a Middle East and North Africa online grocery platform, for $370m (£280m) to capitalise on the boom in delivery services spurred by the Covid-19 crisis.
Amazon launches new concept grocery stores
Amazon announced on Thursday that it was opening a supermarket in Los Angeles with high-tech shopping carts that let customers skip checkout lines.
TikTok CEO resigns due to 'sharply changed' political environment
TikTok’s chief executive Kevin Mayer resigned his post claiming there is a “sharply changed” political environment after US President Donald Trump accused the app of being a risk to national security.
Electric carmaker Xpeng improves pricing for expanded US IPO
Chinese electric vehicle maker Xpeng could raise approximately $1. 5bn from its US initial public offering after raising the price of its shares to $15.
Moderna says Covid-19 vaccine also generates antibodies among elderly
Moderna shares found a bid in the middle of the week after the biotechnology outfit announced that its experimental Covid-19 vaccine did generate antibodies against the disease in elderly patients.
American Airlines to axe 19,000 jobs when Covid wage scheme ends
American Airlines said it would cut 19,000 jobs in October when a US government coronavirus wage support scheme extended to the industry ends.
Trump ban on WeChat could harm some US businesses
US President Donald Trump’s executive order banning messaging app WeChat could result in a hit to the revenues of companies in China subject to US jurisdiction.
UK Supreme Court dismisses Huawei and ZTE appeals
The United Kingdom’s Supreme Court on Wednesday dismissed appeals by China’s Huawei and ZTE in patent disputes.
Elon Musk predicts 50% boost to Model 3 battery's power
Tesla boss Elon Musk predicts that his company will be able to mass produce electric batteries for its Model 3 sedans with 50% more power in three to four years' time.
Fauci warns against premature EUA for Covid-19 vaccines
America's top health official warned of the risks of applying political pressure on the Food and Drug Administration to extend emergency use authorisation for its Covid-19 vaccine candidate before the November presidential elections in the US.
Glencore joins Fair Cobalt Alliance
The world's largest cobalt producer made an unexpected U-turn on Tuesday, giving its backing to artisanal miners in the Democratic Republic of Congo in a bid to assuage carmakers concerns around the ethics of its practices.