International Companies
Moderna reports 95% efficacy in Covid vaccine trials, stocks jump
Markets rallied on Monday after US biotech Moderna said its experimental Covid-19 vaccine had proved nearly 95% effective in phase 3 trials.
BofA sees broad access to Moderna Covid-19 vaccine in Q2 2021
Analysts at Bank of America hiked their target price for shares of US biotechnology outfit Moderna after interim clinical data from its Covid-19 vaccine trial met the high bar for efficacy, forecasting that Emergency Use Approval (EUA) might arrive before year-end 2020 and full authorisation by quarter two of 2021.
Trump to end administration by clamping down on China - reports
Outgoing US president Donald Trump will end his administration with a series of hard-line policies against Beijing, it was reported on Monday.
Gold producers Endeavour and Teranga strike $1.9bn deal
West Africa-focused gold producers Endeavour Mining and Teranga Gold are to join forces in a $1. 86bn deal ahead of debuting on the London market next year.
PNC Financial Services to buy BBVA's US operations for $11.6bn
PNC Financial Services has agreed to buy the US operations of Spain’s Banco Bilbao Vizcaya Argentaria for $11. 6bn in cash.
SpaceX launches Dragon capsule, sends astronauts to International Space Station
Elon Musk’s SpaceX launched four astronauts into space to the International Space Station on its Dragon capsule on Sunday.
Door Dash files with SEC in record year for US IPOs
America's largest food delivery platform has filed to go public.
Ghosn sued for $95m by Nissan
Former Nissan Motor chairman Carlos Ghosn was sued by the company for $95m in damages on Friday.
Trump administration delays TikTok ban
The Trump administration announced overnight that it would delay the enforcement of the ban on TikTok which was due to take effect from Thursday.
Fiat Chrysler and Engie EPS agree to e-mobility joint-venture
Fiat Chrysler and Engie EPS announced plans on Thursday to set up a joint-venture to boost electric mobility.
TUI criticised for delayed payments to Greek operators
Europe’s largest tour operator, Tui has been harshly criticised by Greek hoteliers over a delay to its payment schedule that they allege puts hundreds of businesses at risk of closure.
Moderna ready to submit preliminary data for Covid-19 vaccine trial
Moderna is set to submit the data needed by the independent panel charged with monitoring the results of its Covid-19 vaccine trial to determine its efficacy.
EU agrees deal for up to 300m doses of Pfizer's potential Covid-19 vaccine
The European Union has finalised a deal with US drugs giant Pfizer to acquire up to 300m doses of its experimental Covid-19 vaccine, with delivery potentially starting as soon as December.
Honda claims to be the first to mass produce level 3 self-driving vehicles
Japanese carmaker Honda said on Wednesday it will be the world’s first automaker to mass produce level 3 autonomous cars.
ByteDance to generate $27bn in ad revenue by start of 2021
TikTok-owner ByteDance is on track to generate at least 180bn yuan ($27. 2bn) in advertising revenue in China this year.
Beijing moves to crack down on tech firms, sending shares lower
Chinese tech stocks have come under intense pressure after Beijing published draft antitrust regulations aimed at the country's biggest internet companies.
Brazil halts trial of Chinese vaccine after adverse incident
Brazil has suspended the final stage trials of a Chinese-made coronavirus vaccine after a patient suffered an adverse incident.
IATA demands government support to prevent 'employment catastrophe'
Governments must provide ongoing financial support for the aviation industry if mass job losses are to be avoided, the industry has warned.
EU accuses Amazon of breaching antitrust rules
The European Commission has accused Amazon of breaching antitrust rules by distorting competition in online retail markets.
JC Penney rescue deal approved in US court
JC Penney’s rescue deal was approved on Monday in a US bankruptcy court, saving the department store from shutdown and avoiding tens of thousands of layoffs.