International Companies
All confirmed Omicron cases in EU thus far are asymptomatic or have shown mild symptoms
All confirmed cases of the Omicron variant of concern detected thus far in the European Union had thus far had been either asymptomatic or shown "mild" symptoms, the bloc's pandemic watchdog said.
Elon Musk warns that Starship engine crisis creating 'risk of bankruptcy' for SpaceX
Elon Musk has warned SpaceX employees last week that a "crisis" relating to its Starship engines was creating a "risk of bankruptcy".
Inditex appoints founder's daughter as chair
Inditex, the owner of Zara and Massimo Dutti, has appointed the founder’s daughter as its new chair.
Moderna CEO expects 'material' drop in vaccine efficacy against Omicron - FT
The head of one of the world´s leading vaccine manufacturers predicted that the Omicron variant of Covid-19 would result in a "material" decline in efficacy.
Parag Agrawal named new Twitter CEO as Jack Dorsey steps down
Twitter confirmed on Monday that Jack Dorsey was stepping down as chief executive officer and will be succeeded by Parag Agrawal with immediate effect.
Jack Dorsey to step down as Twitter CEO - report
Twitter shares surged on Monday after CNBC reported that Jack Dorsey - who founded the social media site in 2006 - was set to step down as chief executive officer.
CMA set to block Facebook acquisition of GIF platform Giphy
Facebook’s acquisition of animated GIF platform Giphy is set to be blocked by the UK’s competition watchdog, it was reported on Monday, which would mark the first time the Competition and Markets Authority (CMA) puts the brakes on a Big Tech deal.
South Africa to avoid strict curbs, WHO urges caution
South African officials decided not to reimpose mobility restrictions in the wake of the detection of the new Covid-19 variant in the country that had been dubbed Omicron.
Omicron likely to fall 'some way short' of apocalyptic reboot of pandemic, Pantheon Macro says
Analysts at Pantheon Macroeconomics believed the most likely outcome from the appearance of the new SARS-CoV-2 variant, Omicron, would be "some way short of an apocalyptic reboot of the pandemic. ".
New Covid variant triggers alarm bells around the world
Authorities in the UK and many other European countries moved quickly to cut travel links with South Africa and several other countries in southern Africa following the detection of a new variant of Covid-19 with a large number of mutations on the so-called 'spike' protein.
Merck&Co. says oral Covid-19 treatment cuts risk of hospitalisation or death by 30%
Merck&Co. and development partner Ridgeback Biotherapeutics announced that their experimental oral treatment against Covid-19 reduced the risk of hospitalisation or death by nearly one third.
CMA secures 'improved' pledge from Google on ad competition concerns
The Competition and Markets Authority announced on Friday that it had secured “improved commitments” from Alphabet subsidiary Google on its proposals to remove third-party cookies and other functions from its Chrome browser software.
Snapchat owner to more than double London office space - report
Snap Inc, the owner of photo messaging app Snapchat, has reportedly signed a deal that will more than double its London office footprint.
JP Morgan's Dimon retracts Chinese Communist party jibe
JP Morgan boss Jamie Dimon has expressed regret for saying his bank would outlast the Chinese Communist party.
Third-quarter sales spark at Best Buy, shares fall on outlook concerns
Shares in US electronics retailer Best Buy fell sharply on Tuesday despite third-quarter numbers beating expectations.
Thyssenkrupp slides as Cevian sells 43m shares
Thyssenkrupp shares slumped on Tuesday after Swedish investment firm Cevian Capital sold 43m shares in the engineer and steel producer in a placing.
Trial results show 100% efficacy of Pfizer-BioNTech Covid-19 vaccine in people ages 12 to 15
Full results from the clinical trial evaluating the efficacy and safety of the vaccine against Covid-19 developed by Pfizer and BioNTech in adolescents showed that it was 100% effective with no serious safety concerns.
German economic recovery facing 'brief pause' - Bundesbank
Germany’s economic recovery is likely to falter in the coming months, the country’s central bank said on Monday, hit by shortages of goods and labour as well as rising Covid-19 cases.
KKR launches takeover bid for Telecom Italia, shares surge
US private equity firm Kohlberg Kravis Roberts is looking to acquire Telecom Italia in a deal worth potentially €33bn.
Ericsson to buy US cloud firm Vonage in $6.2bn deal
Sweden’s Ericsson has agreed to buy US cloud-based communications provider Vonage in a $6. 2bn all-cash deal.