International Companies
CMA readies antitrust probes into Big Tech
The chief executive of the UK competition watchdog, the Competition and Market Authority, told the Financial Times on Monday that the regulator is ready to launch a series of antitrust probes into the practices of Big Tech.
TransferWise rebrands as Wise ahead of IPO
TransferWise has rebranded as Wise after ten years before going public in an expected IPO.
Porsche boss warns chip shortage could hit production levels for months
Porsche chief executive officer, Oliver Blume, warned that the global shortage of semiconductor chips could impact production for months.
GSK and Sanofi start phase 2 trial on refined Covid-19 vaccine
GlaxoSmithKline and Sanofi have started a new clinical trial into their Cobid-19 vaccine candidate with the aim of refining the dosage.
Johnson to push G-7 on measures to speed development of new vaccines
The Prime Minister will push his G7 country counterparts on Friday to cut the development time needed for vaccines against new Covid-19 strains from 300 days to 100.
First shot of Pfizer-BioNTech Covid-19 vaccine offers significant protection
Just one dose of the Covid-19 vaccine developed by Pfizer-BioNtech is enough to provide a high degree of protection against the symptoms of the novel coronavirus, the results of an Israeli study concluded.
TBC Bank profit falls 38% in fourth quarter
TBC Bank's fourth-quarter profit fell 38% as the Georgian lender's bad debt charge surged during the Covid-19 crisis.
J&J and Novavax Covid-19 vaccines still very much needed, Gates says
There is still a need for the Covid-19 vaccines developed by Johnson&Johnson and Novavax, even if some of their potency is lost on the new novel coronavirus strain detected in South Africa, Bill Gates said.
Apollo Global taps former SEC chief for CEO spot
Private equity firm Apollo Global Management has hired former Securities and Exchange Commission head Jay Clayton as part of an effort to reform the group's image following the departure of chief executive Leon Black in the wake of a probe into his ties to convicted sex offender Jeffrey Epstein.
Wal Mart misses on Q4 EPS, guides lower
Wal Mart's shares fell after the low-cost retailer's fourth quarter earnings fell short of expectations and the company guided lower for earnings over the year ahead.
NatWest to unveil withdrawal from Ireland - report
NatWest is preparing to pull out of the Republic of Ireland after more than a century to free capital and concentrate on the UK, according to a report.
New York Attorney General files suit against Amazon
New York Attorney General Letitia James has filed suit against Amazon, claiming the online retail giant had failed to provide workers with a safe environment at two of its warehouses in the state amid surging Covid-19 infections.
Moderna accelerates Covid-19 vaccine shipments to US for Q2 and Q3
Moderna is accelerating shipments of its Covid-19 vaccine to the US federal government as the country races to head off the pandemic.
Moderna to supply EU with additional 150m doses of its Covid vaccine
The European Commission has purchased an additional 150m doses of Moderna’s Covid-19 vaccine, due to be delivered in the third and fourth quarter of the year.
Pfizer-BioNTech to supply EU with additional 200m doses of Covid-19 vaccine
Pfizer and BioNTech have agreed to supply the European Union with an additional 200 million doses of their Covid-19 vaccine.
Vivendi surges after saying it may spin off UMG by year end
Vivendi shares surged on Monday after the French media conglomerate said over the weekend that it may spin off its Universal Music Group subsidiary by the end of the year.
Jaguar cars to be all-electric by 2025 in revival plan
Jaguar cars will be electric-only by 2025 as part of a wide-reaching overhaul by its parent company Jaguar Land Rover.
Sanofi Covid-19 vaccines may be ready by end of 2021
French drug giant Sanofi's two vaccine candidates against Covid-19 may be ready by year-end, the company said, refuting an earlier report.
Apple held talks with Nissan about autonomous cars - report
Apple and Nissan held talks about working together on Apple's top-secret self-driving car project but discussions have ended, the Financial Times reported.
Lanxess to buy Emerald Kamala in $1.08bn deal
German specialty chemicals company Lanxess has agreed to buy US-based rival Emerald Kalama Chemical in a $1. 08bn deal.