About Author : Nikita Chaurasia

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creative side with the technical competency required in her articles, thereby penning down insightful pieces for ReportsGO.com and a few other sites.



Contribution by Nikita Chaurasia

PM Liz Truss to launch comprehensive review of UK’s visa policy

Newly appointed Prime Minister Liz Truss is considering doing a complete review of Britain's visa system, as the nation struggles with severe labor shortages in vital industries. Business leaders across the UK have reportedly praised the decision...

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UAE: Entrepreneurs and investors can benefit from visa reforms

The visa and business reforms by the UAE will open new prospects for investors, entrepreneurs, IT specialists, job seekers, and tourists, according to credible sources. This will reportedly benefit the region’s economic growth. Business Link...

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Flipkart introduces new tech and design upgrades ahead of holiday season

Flipkart, India's indigenous online marketplace, is reportedly offering customers an improved shopping experience on its widely popular app. To better serve various client groups that are exploring e-commerce during the holiday season, Flipkar...

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Pure Health invests $500M in Ardent to expand the company footprint

Pure Health, an integrated healthcare solutions platform, publicized its plans to procure a minority equity share in Ardent Health Services, one of the leading US-based healthcare companies, with an investment of $500 million. According to credibl...

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Masimo unveils Masimo W1™: its first-of-a-kind health watch

Masimo, a global medical technology company, has recently announced the full market release of its Masimo W1™ health watch for customer use. As per credible reports, the new watch is a first-of-its-kind and offers accurate, insightful health...

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WebMD acquires medical news site JIM.fr to extend reach to French HCPs

Online medical news platform WebMD Health Corp. has reportedly announced the acquisition of French news platform JIM.fr, specializing in medical news, information, and education. For the record, WebMD is the leading provider of health information ...

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USDA awards $74Mn grants to improve healthcare across rural areas

U.S. Department of Agriculture (USDA) Rural Development is planning to reward $74 million in grants to improve healthcare facilities in rural towns across the nation. As per sources, these proceeds will help around 143 rural health care organizati...

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Google launches Street View in India with data from local partners

Google has reportedly unveiled interactive panorama Street View feature in 10 cities of India with data collected from local affiliates, Tech Mahindra and Mumbai-based Genesis International. The recent launch has been facilitated under the new Nat...

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Zoox, Amazon-owned self-driving company to test-drive robotaxi in California

Zoox, a leading self-driving tech company owned by Amazon has reported that it is all set to launch robotaxi business, self-certifying that its vehicle with no steering wheel or pedals meets the United States’ federal regulations. The company h...

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Hindalco Inds, Phinergy & IOP to collectively produce aluminium-air batteries

Hindalco Inds, a well-known metals flagship of Aditya Birla Group has reportedly inked a Memorandum of Understanding (MoU) with Israel’s metal-air battery technology expert, Phinergy and IOP (IOC Phinergy) – a joint venture co-led by Indi...

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NZ makes rapid tests & masks free given the surging Omicron infections

The New Zealand government has announced to make rapid antigen tests and medical masks free to access due to the surging wave of Omicron infections. As per reports, the recently announced new regulations include the provision of free medical masks...

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Capgemini backs Eneco’s sustainable growth & energy transition efforts

French IT company, Capgemini has reportedly signed two new agreements with Eneco, a cohort of companies actively involved in the development of energy trade, renewable energy & innovation, and retail. Under the terms of the 10-year agreement, ...

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UK to grant USD 64.5 Mn to 15 projects working on removing carbon

The government of the United Kingdom has reportedly announced to grant USD 64.5 million (£54 million) to 15 projects that are developing novel technologies to eliminate carbon emissions from the atmosphere. The funds will help these initiative...

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UST invests in SaaS firm Well-Beat to reinforce health tech presence

Leading digital transformation solutions company UST has reportedly invested in Israeli SaaS start-up Well-Beat to reinforce its footprint in the healthcare technology market. This investment is the recent instance of UST accelerating the integrat...

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Vietnam extends COVID-19 vaccine coverage to 12 years old and above

Pham Minh Chính, Prime Minister of Vietnam, is prompting the Ministry of Health and local authorities to amplify the administration of third and fourth COVID-19 vaccine doses for individuals aged 12 years and above. If sources are to be bel...

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Samsung kickstarts chip production with 3nm process technology

Samsung Electronics Co Ltd has reportedly declared that it has begun the mass production of chips using advanced 3-nanometre technology. The company is the first in the entire world to do so and is actively looking for new clients to contest with Tai...

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Progcap nabs $40Mn in funding round for expansion & product development

Progcap, a pioneer in the field of corporate-driven financing solutions for small and medium-sized businesses (SMBs), has secured $40 million in private equity capital at $600 million valuation. The raised capital forms a part of the Series C exte...

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Microsoft solidifies Qatar investment; Unveils new high-tech office

Microsoft, the global tech behemoth, has recently stated that it is expanding its operation in Qatar by unveiling a new Lusail City unit, the firm’s largest and fourth in the country. This new facility forms part of a substantial investment tha...

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MediaTek introduces the new Dimensity 9000+ mobile platform

MediaTek, an international fabless semiconductor firm, has released the Dimensity 9000+ mobile platform. According to credible reports, smartphones installed with the latest platform will be available by the third quarter of 2022. As per sources, ...

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MotorK plans WebMobil24 acquisition to expand its European footprint

MotorK Plc- a leading Europe-based SaaS producer for the automotive retail industry- has announced entering into talks to acquire WebMobil24, a Germany-based software firm of e-commerce platforms and provider of stock management services to OEMs and ...

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Government ceases the use of cloud services and VPN for employees

As per latest reports, the Government of India has stopped its employees from using anonymisation services and third-party virtual private networks (VPN) provided by firms like Express VPN, Nord VPN and Tor. Reportedly, this declaration surfaced j...

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CNOOC China successfully completes 1st offshore carbon capture site

CNOOC Ltd, a Chinese state-owned oil and gas firm, has recently completed the first offshore carbon capture and storage project in the country. The project is designed to bury carbon dioxide permanently in the seabed. According to credible sources...

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Genes2Me unveils CoviEasy self-test kit with 98% accuracy for COVID-19

Genes2Me has recently announced the successful launch of a self-test rapid antigen test kit, CoviEasy for COVID-19, that provides faster results in 10 minutes. Supported by AI-determined Mobile App, the IVD product offers concordance of nearly 98%...

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OTS Holding launches ready-to-eat, plant-centric meat brand, ANEW

OTS Holdings Limited, a food manufacturing and brand builder group, has launched a ready-to-eat, plant-based food brand, ANEW which is determined to provide nutrition, quality, and convenience to consumers with a touch of heritage. As per credible...

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Maccabi becomes the 1st HMO to add MeMed BV® test for routine care

After successfully receiving the US FDA (Food and Drug Administration) clearance for the MeMed BV® test, which helps physicians to differentiate between viral and bacterial infection in only 15 minutes, Maccabi Healthcare Services has announced t...

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Nestle Australia opts for recycled plastic packaging for Kitkat

Nestlé Australia, the world's largest food and beverage company, has recently announced shifting towards sustainable packaging with KitKat being the first-ever chocolate bar in Australia packed with recycled plastic. Reportedly, the rec...

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Avanade launches new sustainability solutions for businesses

Avanade is launching new offerings to provide solutions to clients over intricate sustainability challenges to make sure that they get the best from the latest Cloud for Sustainability by Microsoft. As per credible reports, Avanade has realized th...

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iFarmer secures $2.1 Mn in new funding round; seeks nationwide expansion

iFarmer, a platform that enables Bangladeshi agriculture financing, has reportedly raised $2.1 million in a new financing round as the firm is looking forward to maintaining its fast-tracked growth and expanding across the country. IDLC Venture Ca...

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Israeli & Moroccan Ministers of science & tech sign MoU for growth

Orit Farkash-Hacohen, Minister of Science and Technology of Israel has reportedly inked a memorandum of understanding (MoU) with Abdellatif Miraoui, Minister of Higher Education, Scientific Research and Innovation of Morocco under a bilateral collabo...

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L&T Tech Services inaugurates Engineering R&D Center in Krakow, Poland

L&T Technology Services (LTTS), an international pure-play engineering solutions firm has reportedly launched an Engineering, Research and Development (ER&D) center in Krakow, Poland. As per sources, the center will serve the customers wor...

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Urban Company introduces health insurance for service professionals

Urban Company, the home service firm, stated that it will offer health insurance for its service partners by collaborating with ACKO Insurance. Varun Khaitan, Chief Operating Officer and Co-Founder, Urban Company stated that health insurance offer...

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EV startup Arrival launches prototype of dedicated ride-hailing car

British commercial electric vehicle company, Arrival, has reportedly unveiled the first prototype of its purpose-built EV for ride-hailing purposes, which was built in partnership with Uber in the UK. Avinash Rugoobur, President of Arrival, stated...

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Goldman Sachs provides unlimited holidays to its senior employees

Goldman Sachs has recently announced a flexible vacation scheme under which the company’s senior employees can take unlimited paid leaves annually. As per sources, the global investment bank has unveiled a new policy that will allow senior sta...

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Shell trades off Russian retail business to native oil producer Lukoil

Energy giant Shell plans on selling more than 400 petrol stations of its Russian subsidiary Shell Neft to Lukoil, the second largest oil producer in the country after state backed Rosneft. As several Western oil and gas firms seek to get rid of th...

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Mitsubishi, Siemens sign an MoU to cooperate in SiC traction technology

Mitsubishi Electric Europe and Siemens Mobility have recently signed a memorandum of understanding (MoU) to work together in silicon carbide (SiC) traction power technology. As per reports, JR Central’s next-generation N700S Shinkansen train...

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Legato opens 80 new jobs in its Limerick Research & Development hub

The global capability center of a leading U.S. health care insurance company, Legato Health Technologies is planning to build an additional 80 posts at its Limerick facility. It would bring the total number of staff to 200, which the fir...

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EU to cease Russia’s global oil trade by targeting insurance services

Amid Russia’s invasion of Ukraine, the European Union plans to go ahead with import ban on the Russian crude oil by targeting insurers with a motive that could substantially impair Moscow’s ability to export its oil anywhere in the world....

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Petco, Backcountry partner to launch “Backcountry x Petco” pet gear series

The latest collection of pet gear caters to the needs of outdoor enthusiasts and active dogs Petco Health & Wellness Company, in collaboration with premier outdoor specialty retailer, Backcountry has introduced “Backcountry x Petco&rdquo...

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South Korea to lift outdoor face mask mandate despite concerns

South Korea has reportedly planned to ease outdoor face mask restrictions next week in its latest step to ease COVID-19 mandates despite the incoming government’s opposition. Prime Minister Kim Boo-kyum expressed that the government could no...

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Bentley to hire 100 engineers to meet Five-in-Five plan to make EVs

Bentley has recently announced a recruitment drive for 100 engineers as the automobile manufacturer is aiming to fulfil its Five-in-Five plan. The applications have begun for 50 job opportunities and will increase in the following weeks and months to...

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Magellan partners with Concert Genetics to enhance genetic testing

Magellan Healthcare, a leading behavioral health and specialty segment of Magellan Health, Inc., has announced a new partnership with Concert Genetics, a managed services and software firm that offers the digital infrastructure and data, to manage ge...

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L&T Technology nabs $100Mn & electric air mobility program from Jaunt

Jaunt and LTTS will together offer engineering services globally to empower and strengthen the Jaunt Journey L&T Technology Services Limited (LTTS), a leading provider of pure-play engineering services has been awarded with a multi-year electr...

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Amazon emerges as the world’s biggest corporate buyer of renewable energy

The company has announced 37 new sustainability projects worldwide Amazon extends clean energy projects into the U.S., Canada, India, Japan, France, Spain, Australia, and the UAE Amazon has launched 37 new renewable energy projects across the gl...

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Emeritus unveils Emeritus Healthcare to curb global employee crisis

Emeritus, an international leader in making top-quality education affordable and accessible to companies, individuals, and governments across the world, has announced the launch of Emeritus Healthcare. As per credible reports, Emeritus Healthcare in...

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GBL to secure a $1.7Bn Affidea deal with Switzerland-based tycoon

Groupe Bruxelles Lambert SA, a Europe based investment company, is on the verge to close a deal to purchase Affidea, a health-care service company from Ernesto Bertarelli, Switzerland’s richest man. As per credible sources, GBL is nearing to o...

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Samsung & Virgin Media O2 install live 4G/5G sites in the UK

Virgin Media O2 and Samsung Electronics have announced that the companies have successfully completed the deployment of various live 4G and 5G sites across the United Kingdom, advancing the next stage of their collaboration. Simultaneously with this...

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GripAble secures $11Mn funding to offer musculoskeletal & neuro rehab

GripAble, a leading London headquartered digital healthcare start-up offering rehabilitation program to people with musculoskeletal and neurological conditions, has announced securing an investment of $11 million in a Series A funding round. As per ...

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Sri Lanka fears catastrophic death toll due to medical supply shortages

Sri Lanka is witnessing its worst economic crisis seen in decades forcing the country to survive amidst shortage of fuel and other essential commodities Sri Lanka Medical Association (SLMA) warns that hospitals in the country will not be able to pro...

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Google Cloud unveils Big Lake- a latest cross- platform data storage engine

Google, at its Cloud Data Summit, has announced the launch of BigLake, a new data lake storage engine which makes analysing data in data lakes and warehouse easy for businesses. The main aim is to take Google’s expertise in operating and handl...

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TabletWise.net unveils multilingual medicine platform for India

TabletWise.net, one of the leading health information platforms, has announced the launch of India’s biggest consumer medicine websites in Tamil, Hindi, and Telugu. As per sources, the website provides reliable information on the composition, ...

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South Korea eases restrictions amid the slowing omicron spread

South Korea is planning to ease some of its pandemic restrictions starting the next week as officials showcase hope that the vilest of its omicron outbreak has gone. The limit on private social gatherings will be stretched to 10 from eight people in...

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Poland to end Russian oil imports by the year-end amid Ukraine war

As Russia continues to escalate war against Ukraine, driving millions of Ukrainians out of their homes and dismantling the country, several European nations have declared sanctions against the war raging country. Similarly, Poland has recently annou...

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OPEX launches next generation G2P warehouse Automation Tech- Infinity ASRS

OPEX Corporation, a leading developer in international warehouse automation technology, has reportedly incorporated an advanced, industry leading goods-to-person (G2P) solutions to its portfolio of Warehouse Automation- Infinity ASRS. As per sources...

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RCB bank in Cyprus announces its closure amid Russia Ukraine invasion

Cyprus’ RCB Bank has recently announced seizing its operations and is all set to turn the bank into an asset management firm. The firm’s sudden decision is said to be prompted by an extremely volatile geopolitical situation, most likely t...

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Hughes launches new network satellite & LTE capabilities for OneWeb Service

Hughes Network Systems, LLC, a leading innovator in multi-transport technologies, network, and satellite for almost 50 years, has successfully unveiled two latest technologies at the SATELLITE 2022 trade show in Washington DC.   Reportedly, the...

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Lamborghini to launch its first hybrid technology model in 2023

Automobile giant Automobili Lamborghini has had a successful 2021 after launching Urus Super SUV (5021 units), and later delivering V10 backed Huracan, which observed surge in sales to 2586 cars driven by the strong stimulus offered by the Huracan ST...

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CBRE inaugurates special education and health care services in India

CBRE South Asia has announced the launch of specialized business services to promote the education and health related real estate services across India, creating enormous investment opportunities and growth potential. The healthcare and education se...

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Exela launches ExelaPay; acquires Corduro to grant payment services

Exela Technologies Inc., a leading global business process automation leader, has announced the launch of ExelaPay, foraying into the market as a third-party payment processor. Also, Exela has acquired all the operating assets of Corduro Inc., a ful...

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Wipro and Pandorum Technologies partner to develop regenerative medicines

Pandorum Technologies, a leading biotechnology firm working towards regenerative medicine and tissue engineering, has announced a long-term partnership with Wipro to speed up the development of regenerative medications with the help of Artificial Int...

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Citigroup to hire 900 employees for commercial banking unit in APAC

Citigroup Inc. has announced hiring 900 new employees for its commercial banking unit in Asia Pacific in the coming three years. A huge segment of the new hires will be reportedly directed towards the APAC business of the U.S bank as it escalates for...

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Indian metal industry could reap benefits from Russia-Ukraine war: Analysts

While the rest of universe anticipates adverse impact of the recent Russian invasion of Ukraine, analysts believe that somehow Indian metal companies stand to gain from the conflict. Russia was levied with harsh sanctions from major economic leaders...

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Kia declares roadmap 2030; announces the launch of ‘Automode’ feature

Kia Motors, at the 2022 Investors Day meet, declared manufacturing 14 fully electric vehicles by 2027, along with promising sales of 1.2 million Electric Vehicles through 2030. The car manufacturing conglomerate has also unveiled that its EV9 SUV, w...

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Oil prices rise by 7% as global crude reserve announcement disappoints

Russia’s invasion of Ukraine is not only affecting the latter but is dismantling the entire world’s economy. The oil prices have increased over 7 per cent, highest since 2014 amidst the war and the international agreement to release crude...

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Ukraine receives donations in Bitcoin amidst tensions with Russia

As Russian military announced invasion in Ukraine, people around the world are doing their bit to support the Ukrainian government. To this end, people are donating cryptocurrencies worth $400,000 Bitcoin to Come Back Alive. For the uninitiated, Com...

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Singapore & India sign MoU to boost mergers in research & technology

World’s largest regional trade hub Singapore is strengthening its cooperation in technology, science, and innovation with India, a technology powerhouse. Singapore’s Ministry of Trade and Industry (MTI) and India’s Department of Sc...

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PTTOR plans $2.9Bn investment by 2026; seeks to boost the F&B biz

Thailand based PTT Oil and Retail Business (PTTOR) BK has announced investing nearly $2.9 billion in the upcoming 5 years to boost their food and beverage business by utilizing the big gas station network. Jiraphon Kawswat, Chief Executive Officer a...

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Siegwerk-Bhiwandi goes 100% mineral-oil free with VEGA inks launch

Germany-based Siegwerk, a foremost global provider of coatings and printing inks for packaging applications and labels, has publicized the launch of its ‘Mineral Oil Free Inks’ range across the Indian market. During the launch event of t...

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Continental launches sustainable range of tires for Extreme E’22

One of the leading tire manufacturers, Continental, has announced developing a new range of high-performance tires for the upcoming Extreme E season of 2022. Apparently, the newly designed tires have been made from the recycled PET bottles and offer...

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Kenko Health raises $12 Mn funding to transform healthcare services

Kenko Health, an Insurtech startup, has reportedly raised $12 million in a Series A funding tranche, led by Sequoia Capital India. The financing round also observed participation from previous investors Orios, Beenext, Waveform and 9Unicorns. The com...

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Tesla to face Californian lawsuit over alleged racial discrimination

A California state agency has reportedly sued Tesla after certain black workers at its factory alleged that the company allowed racial discrimination, adding to the plethora of pending lawsuits against the electric car maker. The suit filed in state...

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Microsoft eyeing Mandiant buyout to reinforce its cybersecurity arsenal

Microsoft generated USD 15 billion in security software sales in 2021. Adding Mandiant would help reinforce Microsoft’s arsenal of cybersecurity solutions. Microsoft Corp. is reportedly in advanced discussions to acquire Mandiant Inc., an...

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Pfizer likely to spend on M&A deals using COVID-19 vaccine revenues

Investors are reportedly looking forward to ascertaining Pfizer Inc.’s plans for the massive, possibly once-in-a-generation cashflow from COVID-19 vaccines and treatments in 2022, with some hoping that the drugmaker will use them to enter into ...

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Porsche forecasts high sales in 2022 despite the global chip crunch

Automakers across the world have been dealing with an acute shortage of semiconductors due to supply chain disruptions caused by the COVID-19 pandemic. However, Porsche AG has managed to navigate this crisis as the company has predicted peak sales vo...

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Crypto worth USD 320 million stolen from blockchain bridge Wormhole

Cryptocurrency platform Wormhole, which permits easy movement of cryptocurrencies and non-fungible tokens (NFTs) between the Solana and Ethereum blockchains, has reportedly been robbed of around 120,000 wrapped Ethereum (WETH) tokens worth around USD...

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Canada’s Quebec drops plan of levying health tax on the unvaccinated

Canadian province Quebec will not enforce health tax on adults who refuse to take COVID-19 vaccines, premier Francois Legault stated, over concerns that the idea itself is too divisive. The politician had proposed the measure earlier in January to he...

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Daimler to be officially renamed as Mercedes-Benz starting February

Daimler AG recently announced that it will be rebranded as Mercedes-Benz Group AG starting February 1 in a move to unlock shareholder value for the luxury automaker. The latest rebranding is one of the landmark changes since it began its venture as D...

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Germany reports 200,000 COVID-19 infections in a day for the first time

For the first time in Germany, the daily number of new COVID-19 cases has risen to 200,000, hitting staffing at most companies including the freight operator Lufthansa Cargo. According to Robert Koch Institute for infectious diseases, the total numb...

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U.K. car production at its lowest since 1956 over pandemic disruptions

A study from the Society of Motor Manufacturers and Traders (SMMT) found that automobile production in the United Kingdom fell to its lowest level last year since 1956. This can be largely attributed to the various disruptions stemming from the COVID...

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South Korea reports highest single-day spike amidst Omicron turbulence

South Korea’s daily number of new COVID-19 cases has topped 8,000 for the first time. The highest single-day spike comes despite the recent extension on social distancing to control the rapidly spreading Omicron variant. According to KDCA (Kor...

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Qjobs hopes to acquire 10 million job applications by the end of 2022

Qjobs, an online employment portal for white-collar and blue-collar workers, reportedly received over 2 million applications in 2021, representing a tenfold increase in a single year. The firm currently intends to acquire nearly 10 million job seeke...

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Cheaper form of Merck’s COVID-19 pill to be produced for poorer nations

Over 30 generic drugmakers from Asia, the Middle East, and Africa are reportedly developing low-cost versions of Merck's COVID-19 pill in a U.N.-backed agreement. This is being done to ensure that such drugs are available to the world's under...

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Marriott teams up with Ori to revolutionize the guest room experience

The use of robots in the hospitality sector has been gaining significant traction, ranging from integrating AI chatbots to enhance customer service processes or improving the guest experience in hotels using robot assistants. To that effect, the worl...

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U.S. airline CEOs forewarn against potential effects of 5G on planes

The chief executive officers of major U.S. cargo and passenger carriers warned of a possibly ‘catastrophic’ disruption in the aviation industry that might begin once Verizon and AT&T deploy their new 5G service. The airlines said tha...

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U.K. govt to cut BBC funding, caps viewer fees over inflation concerns

The British government is reportedly planning to curtail funding for the British Broadcasting Corporation (BBC), by putting a cap on the fees paid by viewers to watch the broadcasting channel for two years. According to reports, the inflation rate i...

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Gmail becomes Google’s fourth app to exceed 10 billion installations

The Google Play Services app, Google Maps, and YouTube are the other Google apps to achieve this milestone. Gmail was introduced back in 2004 and has since been integrated with various new features. Sources with relevant information stated that...

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Quebec to levy health tax on citizens not vaccinated against COVID-19

Quebec will reportedly impose a health tax on citizens who are unvaccinated against the coronavirus. The Canadian province, which has witnessed a massive number of COVID-19 related deaths in Canada, is currently battling a huge rise in the number of ...

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Bayer, Mammoth Biosciences to team up for novel gene editing tech

Pharmaceutical and life sciences company Bayer AG has reportedly entered into a strategic collaboration and option agreement with Mammoth Biosciences Inc., a company that is harnessing nature's diversity to power novel CRISPR products, to use Mam...

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PayFit acquires unicorn status following a USD 289 Mn Series E funding

France-based payroll startup PayFit has reportedly secured USD 289 million in the latest Series E funding round, reaching a total valuation of USD 2.1 billion and acquiring the unicorn status. The latest fundraising was led by General Atlantic and in...

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United States sets global record of nearly 1 Mn COVID-19 cases in a day

The United States has reportedly recorded around a million new cases of the Coronavirus which is the highest tally of any country to date. The latest surge in cases is due to the highly contagious Omicron variant which accounts for 95.4% of the total...

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Chinese firms to undergo data security reviews before listing overseas

China plots stricter cyber security norms for tech firms planning to list overseas. Firms will be required to file for cybersecurity reviews before listing on any foreign stock exchange. China’s cyberspace regulator recently announced that...

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Singapore’s pandemic recovery logs fastest GDP growth in over a decade

Singapore's economy, in 2021, reportedly grew at its best annual rate in over a decade as the country emerged from its worst recession due to the coronavirus pandemic. As per credible sources, preliminary data released on 3rd January indicated t...

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U.S. airlines cancel more than 800 flights amid rising Omicron cases

Several airlines in the United States have canceled over 800 flights on Monday (27th Dec), primarily driven by the increasing number of Omicron cases, further forcing passengers to use alternative modes of transportation. Even airline crews have begu...

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Automakers reconsidering CES 2022 participation over Omicron fears

The CES (Consumer Electronics Show) 2022 in Las Vegas is set to kick off the new year during the first week of January (5th January to 8th January) and, like in recent years, is expected to create a significant buzz. However, the increasing number of...

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FDA approves Merck’s at-home antiviral pill for COVID-19 treatment

The U.S. FDA (Food and Drug Administration) has reportedly approved Merck's antiviral oral medicine for the treatment of COVID-19 among high-risk adult patients. The move comes immediately after the FDA gave a nod to similar treatment from Pfizer...

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Apple hires Meta’s public relations head in its augmented reality push

Rumors have it that Apple is working on developing advanced chips for its AR/VR headsets Andrea Schubert was Meta’s Public Relations and Communications Head. Leading tech company Apple Inc. has reportedly recruited Andrea Schubert, Meta...

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U.S. weapon exports reduce by 21% in 2021 under Biden administration

Military equipment exports from the United States to foreign countries have reportedly dropped by 21% to USD 138 billion in 2021. This significant decline comes after the Biden presidency took a step back from the aggressive arms sales practices tha...

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California sues Walmart for dumping toxic waste in local landfills

The State of California has sued Walmart Inc. for allegedly dumping hazardous garbage in local landfills, including toxic cleaning supplies, insecticides, and batteries. Attorney General Rob Bonta has filed a charge against the retailer for illegally...

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Global M&A activity hits USD 5 trillion in 2021, a 15-year record high

Merger and acquisition (M&A) activities across the globe account for USD 5.63 trillion as of 2021, a 15-year record of 63% and outpacing the USD 4.42 trillion benchmark set back in 2007, according to a Dealogic report. Notably, healthcare and te...

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Omicron leaves holiday travel plans uncertain across U.S. and Europe

With rising cases of the Omicron variant, the Netherlands imposed lockdown, with the possibility of more COVID-19 restrictions ahead of the Christmas and New Year vacations looming over several European countries. In the United States, White House m...

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Adidas initiates new share buyback program of up to USD 4.54 billion

Sportswear giant Adidas is reportedly planning to initiate a share repurchase of around USD 4.54 billion by the end of 2025 and pay back the majority of cash proceeds from the sale of its U.S. subsidiary Reebok in Q1 2022. The company stated that wh...

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Google to lay off employees that do not comply with vaccination reforms

Google has reportedly asked its employees to upload proof of vaccination by January 13th and those who fail to under vaccination compliance could eventually face layoffs. The multinational tech giant had kept the deadline as 3rd December to show vacc...

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JP Morgan ramps up hiring efforts as it expands European footprint

U.S. investment giant JPMorgan's British retail banking counterpart, Chase, is reportedly looking to hire recruit hundreds of staff in the upcoming year to take its employee count to 1,000. This move will facilitate the roll out of its savings, i...

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Amazon penalized USD 1.3 Bn in Italy for anti-competitive practice

Italy’s competition authority, Autorità Garante della Concorrenza e del Mercato (AGCM), recently fined Amazon about USD 1.3 billion for allegedly exploiting its dominant position by pressuring third-party sellers to utilize the company&#...

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Pfizer’s booster shots effective against Omicron variant: Israeli study

Israeli researchers have reported that three shots of the Pfizer/BioNTech coronavirus vaccine provide considerable protection against the new Omicron variant. The research was conducted by Central Virology Laboratory of the Health Ministry and Sheba...

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Lamborghini’s first all-electric supercar likely to be launched by 2027

Automobili Lamborghini S.p.A. is reportedly planning to release its first-ever electric vehicle by 2027. This comes amidst the growing talks that the fate of the conventional supercars could be in the balance and would gradually transition into batte...

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EU antitrust regulator probes Microsoft’s USD 16 Bn deal for Nuance

The EU antitrust regulator to look deeper into the Microsoft-Nuance deal to determine its impact on customers and competitors. The deal is expected to close by the end of this year or early next year subject to EU approval. Tech giant Microsoft ...

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Government policies not aimed at overseas IPOs: Chinese regulator

The securities regulator in China has claimed that Beijing's recent policy changes do not intend to target specific sectors or companies and are not necessarily linked to firms planning for overseas listings. Notably, the country had initiated s...

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Swiggy planning to invest USD 700 Mn grocery delivery service Instamart

In 2020, Swiggy’s grocery delivery service was operational in only two Indian cities back and now has expanded up to 18 cities. The startup intends to make deliveries within 15 minutes starting from January 2022. Indian food delivery start...

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Renewables gain sizeable traction in 2021 as supply chain woes persist

According to a report from the International Energy Agency (IEA), renewable energy is on course to break a global record in 2021 despite inflating commodity prices which are likely to slow down the clean energy transition in the future. Projections ...

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Omicron variant may impact global growth & inflation: Rating agencies

Moody's Investors Service and Fitch Ratings have reported that the COVID-19 Omicron variant could significantly dampen the global growth outlook while also pushing prices higher, after the World Health Organization stated that the variant had a v...

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European telcos urge U.S. tech giants to help fund network costs

Chief Executives of Vodafone, Deutsche Telekom, and 11 other prominent European telecom companies have stated that U.S. tech giants should pay a part of the costs of building Europe’s telecom infrastructure as they use them extensively. The ca...

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Latest COVID-19 variant-of-concern Omnicron found in 15 more countries

New COVID-19 variant Omnicron, which was initially found in South Africa, has now been detected in 15 more countries such as Denmark, the Netherlands, Switzerland, and Australia. These nations have also reverted to travel restrictions to curb the spr...

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Saudi Aramco, Reliance call off proposed USD 15 Bn investment deal

Leading oil exporter Saudi Aramco and Indian multinational conglomerate firm Reliance Industries Ltd. (RIL) reportedly called off a proposed USD 15 billion deal due to valuation concerns of Reliance's oil-to-chemicals (O2C) business. Aramco had ...

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U.S. consumer spending beats expectations amidst heating inflation

Consumer spending in the United States rose more than predicted in October with continuous purchasing of automobiles and various other products, with no indications of slowing down due to high inflation, further supporting the much-needed economic bo...

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Oil prices stable at USD 80 per barrel as U.S. taps emergency reserves

Oil prices were steady at around USD 80 per barrel after the United States announced to have released 50 million oil barrels from its reserves to ease the post-COVID-19 situation. The development echoes similar moves by other nations such as Great Br...

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Israel begins inoculating young children amidst surging COVID-19 cases

Israel has begun vaccinating 5 to 11 year old children with the Pfizer/BioNtech vaccine, an effort to control the latest spike in Coronavirus infections. The country was hit by the fourth wave earlier in June, which then began to fade in Septem...

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Minderoo Foundation to help publishers cut deals with Google, Facebook

The philanthropic organization of Australian billionaire Andrew Forrest, called the Minderoo Foundation, will assist over 18 small news publishers while negotiating with tech giants Facebook and Google to acquire licensing deals for the supply of con...

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Johnson & Johnson anticipates 14 new multibillion-dollar drugs by 2025

Johnson & Johnson to focus on pharma division after the split into drug and consumer companies. The company is working on 14 new drugs, all of which have a market potential of USD 1 billion each.   American multinational corporatio...

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Home Depot registers strong sales as home improvement spending surges

Home improvement retailer Home Depot Inc. has recorded a 4% rise in its quarterly sales, beating analysts’ estimations by around USD 2 billion.  This is driven by the increase in home improvement expenditure ahead of the upcoming holiday s...

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AWS and IBM collaborate to step up digitalization of oil & gas sector

Amazon Web Services and International Business Machines (IBM) Corporation are reportedly planning to team up to manage the disparate types of data generated by oil companies by providing easy accessibility to a set of data management tools.  Th...

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Foxconn acquires Lordstown Motor’s Ohio plant for USD 230 million

Electric pick-up truck manufacturing company Lordstown Motors has reportedly sold its 6.2 million sq. ft Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturer best known for producing Apple's iPhone. According to a statement fr...

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Superyacht sales rise amidst pandemic boom and billionaire splash out

The world is reportedly witnessing an unprecedented surge in the demand for superyachts amidst growing number of billionaires and elevated inclination towards escaping crowds during the COVID-19 pandemic. As per The Superyachts Group, an industry pu...

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MG Motor India collaborates with CamCom for AI-based vehicle inspection

The collaboration will also help in introducing customers to the latest AI-oriented inspection modules. CamCom had conducted a pilot project the previous year which was a part of the MG Developer Program and Grant. MG Motor India has reportedly...

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Apple may bring car crash detection feature to iPhone, iWatch: Report

Apple is reportedly working on a new feature for its iPhone and iWatch series that will allow the devices to detect a car crash and instantaneously dial 911 in the event of an accident. This crash detection feature could be added to the series as ear...

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Cognizant attrition rate logged at 33%, highest in IT services industry

Cognizant’s attrition rate is significantly higher than its Indian competitors TCS (11.9%) and Infosys (20.1%). The IT behemoth has also leveled up its recruitment efforts to fill the employment gap. The IT services industry has observed c...

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Maruti Suzuki to launch electric vehicles in India after 2025: Chairman

Maruti Suzuki has dominated the small passenger vehicle segment in India for several decades. However, the country has slowly been moving towards electric mobility, with many companies introducing their EVs in the nascent market to reap higher profit...

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Californian shoemaker Allbirds aims for USD 2 Bn valuation in U.S. IPO

The company’s net revenue is projected to jump by 32% to USD 62.5 million in Q3 2021. The IPO will be underwritten by Morgan Stanley, BofA Securities, and JP Morgan Chase & Co.   California-based ecofriendly shoe manufacturer, All...

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Tesla tops USD 1 trillion in value after Hertz orders for 100,000 EVs

Tesla has reportedly surpassed USD 1 trillion in valuation after rental car giant Hertz Corporation issued an order for 100,000 EVs as a part of its plan to electrify its entire fleet. This is considered to be the single largest order placed for EVs,...

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Honda Motorcycle plans to launch its first EV in the coming fiscal year

Honda Motorcycle and Scooter India Private Limited (HMSI) is reportedly planning to launch its first electric vehicle in India in the upcoming fiscal year. The decision to foray into the EV segment will be finalized following a detailed discussion wi...

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Spotify to allow access to all creators in its video podcast platform

Audio streaming giant Spotify has announced the launch of its video podcast feature, which will be provided by its self-publishing podcast division, Anchor. According to sources, the feature will initially be offered on a rolling basis where interes...

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U.K.’s competition regulator might look into the music streaming space

The Competition and Markets Authority of the U.K. has revealed plans to launch a probe targeting the country’s music streaming market to ascertain if it is sufficiently consumer-centric and competitive. The announcement came after a U.K. parli...

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India’s vaccination drive slows down as dose gap holds back output

India’s vaccination efforts have reportedly slowed down despite stockpiling vaccines as authorities are maintaining a more than usual gap between two shots. This is a part of the strategy to boost vaccine coverage in the country. The domestic ...

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McDonald’s to test McPlant meatless burger at eight U.S. restaurants

The McPlant patty is developed in collaboration with Beyond Meat Inc. It will be prepared using vegetarian ingredients like peas, potatoes, and rice. McDonald’s will reportedly start offering its first vegetarian option in the U.S., the ne...

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Moderna failed to meet FDA’s requirements for COVID-19 booster vaccines

Scientists from the U.S. Food and Drug Administration (FDA) claimed that Moderna did not meet all the requirements to support the use of COVID-19 booster shots. This is because the first two shots already showed a strong efficacy rate. Documents rel...

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Canada’s healthcare sector likely to brace for looming staff shortages

According to reliable sources, Canada’s overworked healthcare sector is now bracing for upcoming staff shortages and potential layoffs, as the country accelerates its vaccination drive before the deadline. The development comes at a time when l...

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Rocket Lab, Kineis sign multi-launch contract for IoT constellation

The space industry is booming as new companies with fresh ideas for space-based applications take advantage of declining launch and satellite costs. Out of those firms, Rocket Lab USA bagged a contract to launch 25 satellites on five missions exclusi...

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Tesla planning to shift headquarters from California to Austin, Texas

Automaker giant Tesla Inc. is reportedly planning to shift its headquarters from Palo Alto, California to Austin, Texas where it is currently building a car and battery complex. Confirming the news, Tesla CEO Elon Musk added that they will be contin...

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GM hopes to dethrone EV leader Tesla, predicts double revenues by 2030

American multinational automotive giant General Motors Co., to its investors, said that the company aims to double its revenue by 2030 by generating profits from combustion vehicles even while rolling out EVs and new digitally powered services to cat...

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PepsiCo may increase product prices to overcome supply-chain challenges

The price rise is mainly due to high product demand coupled with distribution challenges. The escalating demands are backed by the lifting of COVID-19 restrictions in several geographies Leading food and beverage company, PepsiCo, Inc. has repor...

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U.S. Transportation Dept furloughs 3,700 employees over fund lapse

The U.S. Transportation Department furloughed 3,700 employees after Congress allowed a federal highway fund authorization to lapse. Congress recently avoided a partial shutdown of the government but failed to meet a deadline to extend the Highway Tr...

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Marriott planning to expand South Asia portfolio with 22 new signings

Since the past 18 months, Marriott International has reportedly signed 22 new hotel projects in South Asia, comprising Nepal, Maldives, Sri Lanka, Bangladesh, Bhutan, and India. The world’s largest hotelier is looking to add over 2,700 rooms to...

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E-motorcycle manufacturer Cake raises USD 60 Mn in Series B funding

Cake, a Swedish electric motorcycle manufacturer has reportedly secured USD 60 million in a Series B funding round. The company intends to use the fresh funds to develop manufacturing facilities in Asia, America, and Europe, and to upscale its retail...

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Logistics startup Ninja Van secures USD 578 million in Series E funding

The Singapore-based logistic startup Ninja Van has reportedly secured USD 578 million in a Series E funding round. The fresh funds will allow the company to support the growth of its technology system as well as operations infrastructure.   Ac...

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Automakers could face USD 210 Bn loss over supply chain troubles: Study

According to a study conducted by Alixpartners, worldwide automakers could lose around USD 210 billion in revenue in 2021 alone owing to supply chain troubles, which is nearly double the forecast made earlier this year. Besides the global shortage o...

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United Airlines sued over refusing exemption from vaccine mandate

Chicago-based United Airlines Inc. is facing an allegation of unlawfully denying religious and medical exemptions to employees from the COVID-19 vaccination mandate after making it difficult for workers to apply for them. Six of the company’s ...

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German automotive giants eyeing hydrogen cars to achieve climate goals

Prominent German automakers including Audi and BMW are reportedly developing hydrogen fuel-cell passenger vehicle prototypes in addition to battery cars to achieve the goal of shifting to green fuel alternatives. Germany has been investing billions ...

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Worldwide automobile production to witness 9.3% drop in 2022: Report

Global vehicle output is likely to be 75.8 million and 82.6 million vehicles in 2021 and 2022 respectively. The global automobile market is projected to witness a 1.1% fall in manufacturing in 2023. As per market experts, global car production i...

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France suspends 3000 healthcare workers for failing vaccine compliance

Several care homes, hospitals, and health centers across France have reportedly suspended approximately 3,000 workers for failing to comply with COVID-19 vaccination mandates. This news comes after several EU countries announced stricter measures to ...

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Oracle falls short on revenue estimates amid surging cloud competition

Enterprise software giant Oracle missed out on meeting Wall Street’s revenue expectations for the first quarter. Even the company’s shares dropped by 1.4% during extended trading after disclosing its quarterly revenues. According to reli...

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China’s crackdown on tech titans could thwart its cloud market growth

For a while now, several Chinese tech companies have been facing significant regulatory scrutiny at home, with investors raising concerns over the monetary repercussions of the crackdowns. This predominately involves China’s four major cloud co...

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Mercedes to relax engine rules to facilitate Volkswagen’s entry in F1

Reigning champions Mercedes AMG Petronas have claimed to be open to compromising Formula One’s upcoming engine rules to make it more convenient for the highly anticipated Volkswagen Group to enter the sport. For those unaware, the FIA will int...

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Rocket Lab, Kineis sign multi-launch contract for IoT constellation

The space industry is booming as new companies with fresh ideas for space-based applications take advantage of declining launch and satellite costs. Out of those firms, Rocket Lab USA bagged a contract to launch 25 satellites on five missions exclusi...

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European Medicines Agency studying the need for COVID-19 booster dose

The European Medicines Agency has advanced the evaluation on the need to recommend a booster dose of the COVID-19 vaccine made by Pfizer-BioNTech. The EU drug regulator stated that it is considering the necessity of the third dose of the vaccine six...

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H2O Hospitality bags USD 30 million to help hotels digitize operations

H2O Hospitality, a company that specializes in automating hotel operations, has secured USD 30 million in a Series C funding round. The startup, based in South Korea and Japan that digitizes front and backend processes involving accommodation reserva...

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Insurers reverse COVID-19 norms on life cover as vaccine uptake rises

In the early days of the COVID-19 pandemic, life insurers had imposed waiting periods for specific age groups and those infected, claiming that the long-term health repercussions of coronavirus infection were unknown. However, the introduction of CO...

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Grocery delivery startup Cajoo bags USD 40 million in Series A funding

French grocery delivery startup Cajoo has reportedly raised USD 40 million in a Series A funding round which was led by supermarket major Carrefour SA. The funding round also involved a troupe of prominent investors such as Xange, Headline, and VC fi...

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Tencent annuls its exclusive music deals following regulatory clampdown

Tencent Holdings has reportedly terminated all its exclusive music copyright agreements after Chinese regulators prohibited it from making such deals last month. As per a statement given by Tencent, all parties involved in such agreements have been ...

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Lufthansa plans to offer more flights to woo daily business travelers

Like many airlines that have suffered sizeable losses during the Coronavirus pandemic, German airline Deutsche Lufthansa AG has been encountering tough times. The airliner has now devised a new way to combat the situation and attract more business tr...

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Microsoft warns thousands of Azure customers about exposed databases

Security firm Wiz identified a flaw in Microsoft Azure that allowed it to read, modify, and delete the databases of various corporate clients. Microsoft claims there is no proof that the flaw had been exploited. Microsoft Corporation recently is...

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Elastic teams up with Cmd to facilitate deep cloud workload visibility

Elastic NV, the company behind the Elastic Stack, has announced that it has agreed to buy Cmd, a Canada-based security company specializing in infrastructure detection and response. The move comes after Elastic’s recent announcement to acquire...

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U.S. to offer licenses to Huawei while purchasing smart car components

U.S. officials recently approved license applications for the Chinese blacklisted company Huawei, which is supposedly worth hundreds of millions of dollars, to purchase chips for its rising auto component business. Huawei has been shackled by the tr...

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Tesla might let other car brands employ its self-driving technology

The announcement was made during Tesla’s AI day. This move can be an effective source of revenue generation for Tesla. Tesla Inc. has recently announced that it might let other automakers use its self-driving technology. The electric vehic...

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Indian startups accumulated USD 6.5 billion in Q2 2021 alone: Report

The startup ecosystem in India has witnessed a boom in the recent decade and is likely to expand further over the coming years. According to a report by Nasscom-PGA Labs, the startups in the country have reportedly accrued funds worth USD 6.5 billion...

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Cars24 in talks to close USD 350 Mn funding round led by DST Global

Cars24, an e-commerce platform for pre-owned cars, is in discussions to close the USD 300-350 million funding round led by DST Global, and several new investors such as Carlyle Group, Falcon Edge, and SoftBank Vision Fund. According to sources, talk...

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Airline startup Breeze Airways bags USD 200Mn in Series B funding round

American airline Breeze Airways has announced securing USD 200 million in a Series B funding round led by accounts and funds handled by Knighthead Capital Management LLC and BlackRock Inc. The company aims to use the fresh funding to expand its opera...

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United Airlines to divert its India flights around Afghanistan airspace

United Airlines has reportedly started rerouting its India flights to steer clear of the Afghan airspace after the Taliban took control of the capital city Kabul, taking over the entire country. The airline will work closely with International Air T...

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U.S. Senates eyeing Google, Apple app stores with a new bipartisan bill

A bipartisan Senate bill introduced recently is likely to change the way app stores operate and the limits that businesses like Google and Apple can impose on developers. Senators Amy Klobuchar and Richard Blumenthal, both Democrats, have joined han...

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eBay forecasts lackluster sales amidst slowdown of the pandemic boom

eBay Inc. has recently forecast its current-quarter revenue below market estimates, indicating that vaccine rollouts and reopening economies could bring an end to the pandemic instigated shopping boom. During the coronavirus pandemic last year, cust...

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Norwegian Cruise Line now requires Floridians to give vaccination proof

Norwegian Cruise Line Holdings Ltd. has recently announced that it received a favorable ruling from Judge Williams, granting a preliminary injunction for the company to require proof of its guests’ vaccination status before boarding, including ...

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Amazon defers its work-on-site plans to January amid COVID-19 spread

Amazon had previously asked its U.S.-based employees to resume working on-site from September 6, 2021. This news comes amid rising COVID-19 infections from the Delta variant in the U.S. Amazon has reportedly postponed the requirement for office ...

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WHO asks high-income countries to stop giving COVID-19 booster shots

In a bid to bridge the global supply gap, the World Health Organization (WHO) has called on the high-income nations to halt the distribution of COVID-19 booster jabs. Dr. Tedros Adhanom Ghebreyesus, the head of WHO stated that the halt should last at...

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Brazilian startup InstaCarro secures USD 23 million in Series B funding

InstaCarro, a São Paulo-based digital automotive marketplace, has reportedly raised USD 23 million in a Series B funding round led by U.S.-based investment firms such as Rise Capital, FJ Labs, and J Ventures. Big Sur and All Iron Ventures of ...

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Realme reveals plans of exporting ‘Make in India’ smartphones to Nepal

The move will allow Realme to expand its global user base. The company is also planning to export TVs and AIoT products to Nepal. Shenzhen-based smartphone manufacturer Realme will reportedly start exporting ‘Make in India’ smartphon...

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Didi rebuffs report about going private to appease Chinese authorities

Ride-hailing companies have been gaining global impetus lately for their flexible availability and tenable mobility. Chinese vehicle for hire company Didi Global Inc., listed in the U.S., has rebuffed a report that it was considering going private to...

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Bentley records an all-time high profit and sales in the first half of 2021

Bentley Motors reportedly set its highest six-month earnings record this year, surpassing any profit figure by the business for a full-year period in its 102-year operating history. In the first half of 2021, the company clocked a profit of € 17...

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CDC warns of severely high COVID-19 transmission rate in U.S. counties

The United States Centers for Disease Control and Prevention (CDC) has warned that 66.6% of the total U.S. counties still have a high risk of acquiring or transmitting COVID-19. The regulatory body has also updated its guidelines, recommending even v...

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Beijing’s quota clampdown could inhibit China’s crude oil import growth

According to a study conducted by Independent Commodity Intelligence Services (ICIS), China's growth in oil imports is expected to plummet to the lowest level in two decades during 2021, even with an estimated surge in refining rates during the l...

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3D-model platform Sketchfab becomes Epic Games’ next big acquisition

After RAD Game Tools and Quixel Megascans, American video game and software development company Epic Games Inc. has now acquired Sketchfab, the platform that boasts of over 4 million 3D models where artists can publish, modify, and sell their creatio...

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Flipkart app now has a 3D camera for an immersive AR e-comm experience

Indian e-commerce giant Flipkart has introduced an Augmented Reality (AR) infused e-commerce experience with Flipkart Camera that would allow shoppers a real-life experience before purchasing a product. The novel feature built in the app should help ...

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SPAC Stonebridge Acquisition raises USD 200 million during U.S. IPO

The India-focused SPAC intends to reach its target within 12-16 months. The fresh funds will be used to acquire Indian businesses valued between USD 1-1.5 billion. Texas-based special purpose acquisition company (SPAC) Stonebridge Acquisition Co...

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Intel to acquire chip manufacturer GlobalFoundries for USD 30 billion

Tech behemoth Intel Corp. is currently in talks to acquire GlobalFoundries Inc., a renowned chipmaker for USD 30 billion as part of its efforts to expand U.S. chip manufacturing capacities. However, it appears that the talks did not involve GlobalFo...

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Panda Express introduces Beyond Meat orange chicken in select outlets

This makes Panda Express the first Asian restaurant chain to feature Beyond Meat products. The new offering will be available at select locations in Southern California and New York for a limited period. American fast-food restaurant chain, Pand...

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Australian scientists develop non-invasive testing strips for diabetics

Some Australian scientists have recently revealed the development of a new form of blood sugar testing for diabetic patients, which is a non-invasive and pain-free strip that examines glucose levels through saliva. The latest strip has been designed...

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Pfizer to seek FDA authorization for COVID-19 vaccine booster dose

Pfizer Inc. plans to gain approval from U.S. regulators for a booster dose of its Covid-19 vaccine by next month considering the high risk of reinfection after six months of vaccination and increasing spread of the Delta variant. Pfizer and BioNTech...

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Indian fintech giant Pine Labs bags USD 600 Mn funds ahead of U.S. IPO

Pine Labs has finally managed to reach a valuation of USD 3.5 billion before its IPO plans in the United States. The Indian fintech giant has raised USD 315 million from investors Fidelity Management, Blackrock, Neuberger Berman Investment Advisers, ...

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Google to soon offer vaccine info for Android users through COVID card

Google LLC is launching a built-in passes system for Android that will allow its users to store their phone with a digital vaccine card, called the COVID Card. This nifty feature will primarily be available in the U.S. and will depend upon local gove...

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German unemployment rates fall as number of COVID-19 cases deteriorate

The unemployment rate in Germany has reportedly dropped to 5.7% in June as the Western European country records a sharp decrease in Coronavirus infections. The Federal Labor Agency stated that the unadjusted non-employment rate in Germany fell from ...

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Administering Pfizer jab after AstraZeneca’s could be effective: Oxford

A study conducted by the Oxford University called Com-COV has found that if the Pfizer COVID-19 dose is administered four weeks after a shot of the AstraZeneca vaccine, it will result in better immune responses rather than giving a second dose of the...

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Cairn targets India’s foreign assets to recover its arbitration award

Britain’s Cairn Energy plc is reportedly going after the assets of Indian state-owned banks and firms in foreign countries, as it seeks to recover the amount due from the government after an arbitration against Air India for the levy of retrosp...

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Ride-hailing giant Didi targeting USD 60 billion valuation in U.S. IPO

China-based vehicle for hire company, Didi Chuxing Technology Co., is reportedly planning to list 288 million American Depository Shares on the New York Stock Exchange under the ticker symbol ‘DIDI’. The shares are equivalent to 72 milli...

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Microsoft expands Fluid Framework to aid hybrid workplace productivity

Multinational tech giant Microsoft Corporation has reportedly expanded its Fluid Framework over a wide range of collaboration and productivity tools including OneNote, Outlook, and Whiteboard to revolutionize the traditional approach of interacting w...

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Amazon investigating the Prime team over gender inequality allegations

Amazon has launched an investigation on its Prime team after the Insider reported some gender inequality allegations. These complaints are primarily about the Prime team’s gender-biased working nature and workplace harassment.   The ...

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Westlake buys Boral’s building products business for USD 2.15 billion

The addition of Boral’s portfolio will double Westlake’s building products business and expand its footprint. The transaction is set to be completed by the second half of 2021. Westlake Chemical Corporation has reportedly agreed to a...

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Coretec Group, Eindhoven University join hands for research works

U.S.-based new silicon products pioneer Coretec Group Inc. has reportedly entered into a research partnership with Eindhoven University of Technology (TU/e), which is among the leading 50 universities in engineering and technology globally as per QS ...

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FedEx partners with Nuro to develop autonomous package delivery systems

FedEx Corporation and robotics startup Nuro have reportedly signed a multi-year agreement to develop and test last-mile delivery using autonomous vehicles. The American multinational delivery giant will be using its Houston facility for the pilot pro...

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Breckenridge Pharmaceutical receives FDA approval for anti-cancer drug

According to reliable sources, Natco Pharma’s marketing partner Breckenridge Pharmaceutical Inc. has obtained approval from U.S. Food and Drug Administration (USFDA), for its anti-cancer drug Carfilzomib Vials. For the record, Carfilzomib Vial...

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Immersive Labs to use freshly secured USD 75 Mn for global expansion

Immersive Labs, a cybersecurity training platform, has reportedly secured USD 75 million in a Series C funding round that was led by Insight Partners. The U.K.-based startup has now raised USD 123 million to date. The funding round also saw particip...

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Amazon might face USD 450 million fine for violating EU privacy reforms

Online retailer Amazon might face a USD 425 million fine for allegedly violating EU privacy laws. The case is related to alleged infringements of EU’s General Data Protection Regulation, GDPR, which were implemented back in 2018. For those una...

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Ericsson to back UNICEF’s efforts against COVID-19 pandemic in India

Renowned multinational networking and telecommunications giant Telefonaktiebolaget LM Ericsson has announced that it will support UNICEF in addressing urgent healthcare needs in India that have arisen amid the second wave of the COVID-19 pandemic. I...

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Ford Motor temporarily halts its Mustang Mach-E deliveries in the U.K.

American automotive giant the Ford Motor Company has reportedly paused the deliveries of its first long haul EV namely, the Mustang Mach-E, in the U.K. The delay is caused by an issue with the eCall system which failed to provide accurate location no...

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Samsung introduces two affordable Snapdragon-enabled Windows laptops

After making headlines for introducing a 43-inch smart monitor as well as a Bluetooth-enabled smart keyboard, Samsung Electronics Co. Ltd. is now launching two new Windows laptops, the Galaxy Book Go as well as the Galaxy Book Go 5G. The South Korea...

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Nestlé faces heat over unhealthy products, plans to revamp portfolio

Swiss multinational food and beverage conglomerate, Nestlé S.A., is reportedly planning to upgrade its health and nutrition policy after an internal document revealed that the company described a major portion of its food products as ‘un...

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Eli Lilly & Co. faces criminal probe into alleged manufacturing errors

The U.S. Department of Justice has reportedly launched a criminal probe into pharma company, Eli Lilly and Co., to investigate alleged irregularities in manufacturing, and tampering records at a plant that produces the company’s drugs including...

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Tesla emulates Apple policy, plans to store Chinese user data locally

U.S-based electric vehicle and clean energy company Tesla Inc. has reportedly decided to establish an isolated data center in China to enable the ‘localization of data storage. The rigorous norms on the handling of user data in China have beco...

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California regulator introduces new EV mandates for ride-hailing giants

California’s clean air regulator has reportedly released new guidelines, making it compulsory for ride-sharing platforms such as Uber and Lyft to use electric vehicles. This move is a first-of-its-kind by any U.S. state. Both Uber and Lyft hav...

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Google, Samsung team up to build a unified smartwatch operating system

Google, in its annual developer conference, Google I/O 2021, announced that its Wear OS will be merging with Samsung’s Tizen OS, in a bid to end Apple’s monopoly in the smartwatch market. Google and Samsung are co-jointly developing a si...

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United Airlines to add over 400 flights in July amid surge in bookings

United Airlines Holdings Inc. is expected to add over 400 flights to its July schedule to meet the rising demand post-pandemic relaxations. The American airliner is also planning to increase the frequency to the European countries. Reportedly, there...

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Italian regulator fines Google €100 million for abusing market position

Google is facing a USD 123 million fine from the Italian competition regulator for misusing its market position. The case is specifically related to Google’s in-car operating system, Android Auto. According to reliable sources, Google had rest...

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Tesla halts Shanghai plant expansion as U.S.-China tension intensifies

American electric vehicle company Tesla Inc. has reportedly put a halt on its plans to buy land for the expansion of its Shanghai plant, due to the emerging uncertainties brought forth by rising political tensions between the U.S. and -China. The EV...

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Chinese EV manufacturer NIO sets foot in Europe for the first time

Chinese multinational automobile manufacturer NIO has reportedly entered the European market by opening its first outlet in Norway. The automaker has set up a separate website for its Norwegian counterpart, where people can look up the company’...

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Shift Technology secures USD 220 million during Series D funding round

The French startup has now surpassed the USD 1 billion mark. The fresh investments will be used to expand its product portfolio. Shift Technology, a France-based company that offers fraud detection solutions to insurers, has reportedly secured ...

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Uber to hire 20,000 drivers in the U.K. as post-lockdown demand surges

After lockdown rules eased last month, Uber is reportedly looking to sign up another 20,000 drivers by the end of the year, adding to the 70,000 it already employs in the UK. Uber reported a 50% increase in U.K. trips since April 12, when British re...

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Microsoft Teams hits 145 million daily active users amid the pandemic

Reportedly, Microsoft Teams currently has 145 million daily active users, demonstrating a 26% increase in user base since October last year when the tech giant had reported 115 million daily active users. The outbreak of the COVID-19 pandemic has fo...

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Indian FMCG firms report high demand for sanitizers amidst second wave

India’s leading FMCG companies such as ITC Limited, Patanjali Ayurved, and The Himalaya Drug Company have reported high demand for their health and hygiene products recently. The demand for sanitization tools such as hand wash, hand sanitizers...

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Nokia partners with LG Uplus to expand 5G coverage in South Korea

Finnish telecommunications giant Nokia Corporation has reportedly signed a joint venture agreement with LG Uplus, a prominent cellular carrier, to expand 5G coverage in South Korea. The duo intends to achieve this by deploying Nokia’s end-to-e...

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Mercedes-Benz unveils the S-Class of EVs, comes with a 56-inch display

Mercedes-Benz, a German multinational automaker of luxury and commercial vehicles, has unveiled its flagship electric sedan, the EQS. The new vehicle is likely to allow Mercedes to take on Tesla Inc., as the market for electric vehicles (EVs) continu...

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Ford takes on GM, Tesla by debuting its first hands-free driving system

Ford Motor Company, the American multinational automaker, is reportedly planning on introducing a hands-free driving feature on its 2021 Mustang Models as well as 2021 F-150 pickup truck through a software update, by the end of the year. The automob...

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Oculus Quest 2 update to include wireless PC streaming, 120Hz mode

Oculus, a subsidiary of Facebook, Inc., that develops and manufactures virtual reality headsets, has recently announced that Oculus Quest 2’s new v28 software update will include native wireless desktop PC streaming as well as 120 Hz refresh ra...

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Levi’s boosts its sales outlook for first half of 2021 on vaccine hopes

Levi Strauss & Co., an American clothing company, has reportedly raised its half-yearly revenue growth projection, counting on COVID-19 vaccine rollouts to reinstate the popularity of its physical stores. The denim-maker had previously beaten est...

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Valneva to start final phase trials of its COVID-19 vaccine this month

In recent developments, French biotechnology organization Valneva SE has announced positive results in the early-stage clinical trials of its inactivated COVID-19 vaccine candidate, VLA2001. Following the recent development, the company’s share...

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Abbott receives EUA for its rapid COVID-19 antigen self-test BinaxNOW

Individuals with or without COVID-19 signs can get BinaxNOW without the need for a prescription. Abbott is reportedly planning to deliver BinaxNOW to major consumer goods retailers. American multinational medical device company Abbott Laborator...

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LG to wind down its smartphone division after failing to find a buyer

LG Electronics Inc., a South Korean multinational electronics company will reportedly be winding up its loss-making smartphone division after failing to find a buyer for the same. This makes LG electronics the first major phone manufacturer to comple...

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AirAsia shares slump by 6.2% after it posted its record quarterly loss

According to reliable sources, shares of Air Asia Group Berhad fell by 6.2% in the first half-session of trading post the announcement of its record quarterly loss. Lockdowns in Malaysia during the first quarter closed borders, and a longer-than-exp...

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Carlyle Aviation Partners to acquire Fly Leasing for USD 2.36 billion

American institutional investment manager Carlyle Aviation Partners is reportedly planning to acquire Fly Leasing Ltd., an Ireland-based aircraft leasing investment company for USD 2.36 billion. Fly Leasing shareholders would receive USD 17.05 per s...

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Porsche adds five more U.S. cities to its Taycan subscription program

Porsche AG, a German manufacturer of high-performance cars, is planning to make its subscription services available in five additional U.S. cities soon. The company also intends to add its electric vehicle (EV) Taycan to the list of available models...

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Elevation Capital-led Series A round helps FloBiz raise USD 10 million

FloBiz, a tech startup that provides a billing and accounting application for SMBs (small and medium businesses), has reportedly secured USD 10 million funding in a Series A round led by Elevation Capital. Sources close to the matter stated that inve...

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Syndax Pharmaceuticals reveals data from phase 1 trial of axatilimab

According to reliable sources, Massachusetts-headquartered clinical stage biopharmaceutical company, Syndax Pharmaceuticals Inc. has revealed an updated data from its Phase 1 trial of its patent axatilimab. The company will reportedly present the dat...

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Xiaomi shares drop by 7.1% after raising USD 3.9 billion in equity deal

Shares of Xiaomi Corporation, a Chinese multinational electronics company, witnessed a 7.1% drop during Hong Kong trading after the company secured USD 3.91 billion in fund raising which also included the city’s top-up placement. The company h...

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Supercom signs a supply contract of PureSecurity EM suite in Wisconsin

Israel-based leading provider of advanced solutions for cybersecurity, IoT (Internet of Things) and e-Government sectors Supercom has reportedly signed a supply agreement to deliver its PureSecurity EM (Electronic Monitoring) product suite in Wiscons...

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FAA grants approval for mass air shipment of Pfizer’s COVID-19 vaccine

Chicago-headquartered airline company United Airlines Inc. has reportedly started operating charter flights for the distribution of Pfizer Inc.’s COVID-19 vaccine after receiving approval from the Federal Aviation Authority (FAA). For the reco...

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Twitter releases plans to relaunch verification program in early 2021

Twitter Inc. has reportedly planned to relaunch the user verification program as well as a new public application process by 2021. According to reliable sources, the move will allow the American social networking company to address the confusion rega...

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Qantas aims to expand international flights by 50% of pre-COVID levels

According to reliable sources, Australia’s leading airline Qantas Airways Limited, is aiming at restoring its international flight services by 50% by mid-2021 as compared to its normal capacity before the advent of the COVID-19 pandemic. It is...

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WHOOP, Field Trip partner to study impact of psychedelic therapies

WHOOP Inc., a prominent provider of health tracking and monitoring services, has reportedly announced a partnership with Field Trip Health Ltd., leader in development and delivery of psychedelic therapies. According to reliable sources, Field Trip wi...

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SSE, National Grid, Scottish Power unite to build electric superhighway

Eastern Link superhighway will set off from Torness and Peterhead. The project will reportedly utilize some of the world’s longest subsea high-voltage cables. In recent developments, three of the largest British energy companies, namely S...

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NovaBay Pharmaceuticals unveils its skincare product Clinical Reset

According to reliable sources, California-headquartered clinical-stage biopharmaceutical company, NovaBay Pharmaceuticals, Inc., has reportedly announced the consumer launch of its FDA-approved skincare product, CelleRx Clinical Reset. For the ...

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Eli Lilly and Company’s bamlanivimab wins EUA for COVID-19 treatment

Eli Lilly and Company has reportedly received an EUA (emergency use authorization) by the U.S. FDA for its monoclonal antibody vaccine, bamlanivimab. Bamlanivimab will be used for the treatment of mild-to-moderate COVID-19 cases in pediatric patie...

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Bigbasket confirms data breach of 2 crore users during cyberattack

The leaked information included phone numbers, addresses, location, IP addresses of login, and date of birth among other details. Bigbasket reportedly assured that details of debit and credit cards of the users were not exposed during the breach. ...

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NHS to initiate COVID-19 vaccine distribution by the end of November

  The vaccine will be first delivered to homecare residents, frontline healthcare professionals and people over 80 years. Reportedly, doctors would be paid £12.58 for each dosage of the vaccine According to reliable sources, the pub...

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Firstsource teams up with Uniphore to offer unique AI-based solutions

Firstsource Solutions Limited, which is owned by a global Business Process Management (BPM) services provider RP-Sanjiv Goenka Group, has reportedly declared its partnership with Uniphore, a prominent service provider of Conversational Service Automa...

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Denmark detects COVID-19 mutation that may hinder vaccine development

  Around 217 farms in Denmark have been detected with the mutated COVID-19 virus. Reportedly, the WHO has not yet decided if the mutation needs warrant for new classification. Denmark has reportedly found a COVID-19 mutation that may hamp...

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NHS on standby for possible COVID-19 vaccine rollout in December

NHS (National Health Service), a U.K.-based government-funded health care system, has reportedly been told to prepare for potential COVID-19 vaccine rolls outs by December 2020. Sources with knowledge of the matter stated that the GPs (General Pract...

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JPMorgan raises its stake in Chinese securities business to 71%

JPMorgan Chase & Co., a U.S.-based multinational investment bank and financial services provider, has reportedly raised its stake in a Chinese securities business to secure 71% stocks. Sources with knowledge of the matter stated that the bank rec...

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MHRA starts rolling reviews of AstraZeneca’s COVID-19 vaccine candidate

British multinational pharmaceutical company AstraZeneca Plc has reportedly announced that the Medicines & Healthcare Products Regulatory Agency (MHRA) has begun an accelerated rolling review of its potential COVID-19 vaccine. Typically, health ...

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Facebook sued for failing to protect data in Cambridge Analytica breach

  The group taking the social media giant to court is ‘Facebook You Owe Us’. Facebook claims to have not received any documents pertaining to the lawsuit. American social media conglomerate Facebook Inc. has reportedly been sue...

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Sony witnesses high demand for Play Station 5 through preorders

Japanese multinational conglomerate Sony Corporation has reportedly witnessed a high demand for its PlayStation 5 (PS5) console with the pre-orders coming in at an unexpected pace. Market analysts claim that the company intends to lead the competiti...

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London’s gearing up to deliver Covid-19 vaccine as early as next week

The George Eliot Hospital NHS Trust, Warwickshire, is likely to receive the first batches of AstraZeneca’s and Oxford’s coronavirus vaccine on 2nd November. The revelation comes along the heels of directive to George Eliot Hospital NHS T...

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AstraZeneca and Oxford’s COVID-19 vaccine shows promising results

The vaccine AZD1222 has reportedly triggered lower adverse response among elderly participants.   Oxford’s and AstraZeneca’s COVID-19 vaccine could be the first candidate to receive a regulatory approval. According to reliable ...

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Nokia, Smart Mobile Labs partner to deploy 5G wireless network in TUK

According to reliable sources, Finnish multinational telecommunications company Nokia Corporation, has reportedly announced a three-year agreement with Smart Mobile Labs AG for the deployment of the 5G standalone campus-wide private wireless networki...

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COVID-19: Oxford’s vaccine trials to continue after a subject’s death

The deceased volunteer was reportedly subjected to a placebo and not the actual COVID-19 vaccine. The Brazilian government plans on purchasing the patent COVID-19 vaccine if approved. According to reliable sources, the demise of a volunteer occu...

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Google sued by Justice Department for illicitly holding monopoly power

The U.S. Justice Department has reportedly filed a landmark lawsuit against Google LLC of illegally safeguarding its monopoly in order to dominate the search and advertising vertical. If reports are to be believed, the recent antitrust case against G...

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Flybe’s flight services to be revived by Thyme Opco post acquisition

COVID-19 restrictions pushed Flybe into administration in March 2020, putting over 2,400 jobs at risk. The acquisition will allow Flybe to restart its operations as a regional airliner in the U.K. It has been speculated that U.K.-based airline c...

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Britain hits an absurdly high average asking price for homes

Reportedly, the average asking price of houses in Britain has reached an all-time high, with buyers willing to spend more for larger properties after experiencing the COVID-19 lockdown. Sources with relevant information stated that for the first tim...

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European Union investigates Instagram for publicizing children’s data

Instagram, an American photo and video sharing platform, is reportedly under investigation by Ireland’s DPC (Data Protection Commissioner) for handling children’s personal data. The Facebook-owned social media service could face hefty fi...

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Novum Group’s CryptoHero platform automates trading at ‘zero’ cost

Novum Group, a blockchain advisory and investment firm headquartered in Singapore, recently launched CryptoHero, a simple and intuitive cloud-based cryptocurrency trading bot for beginners that operates 24/7 and is free. Cofounder of CryptoHero, Irw...

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Regeneron’s Inmazeb drug receives FDA approval for treating Ebola virus

According to reliable sources, New York-headquartered biotechnology company, Regeneron Pharmaceuticals Inc. has recently made it to the headlines after its patented Inmazeb drug received approval from the U.S. FDA (Food & Drug Administration) for...

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Eli Lilly halts COVID-19 antibody treatment trial over safety issues

  The announcement comes along the heels of a sudden spike in the number of coronavirus cases across U.S. Eli Lilly’s shares dropped by about 3% after it halted the COVID-19 antibody trials. Eli Lilly and Company, an American pharmac...

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Johnson & Johnson halts COVID-19 vaccine study as participant falls ill

  Johnson & Johnson had initially planned to enroll over 60,000 participants for its phase 3 clinical trials. Experts claim that clinical pauses are a common aspect and may last only a few days. U.S.-based multinational pharmaceutical ...

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Diabetes drug metformin recalled over high levels of cancer contaminant

Metformin hydrochloride, a widely used diabetes drug, has reportedly been recalled after manufacturers detected high levels of cancer-causing contaminant in it. According to reliable sources, the latest recall by the U.S. Food & Drug Administrati...

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Microsoft to allow ‘hybrid workplace’ setting amidst COVID-19 outbreak

  The company plans to allow more staff to work from home to boost flexibility. Employees who chose to permanently work from home will not be allotted office spaces. Microsoft Corporation, an American multinational technology company, has ...

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Facebook, Twitter suspend over 3500 accounts to curb disinformation

Social networking giants Twitter Inc. and Facebook Inc. have recently made it to the headlines for suspending more than 3500 accounts that used fake identities on their platforms to convey misleading information. Sources close to the matter claimed ...

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Eli Lilly requests for EUA approval from FDA for COVID-19 antibody

Eli Lilly and Company, the American pharmaceutical giant, has reportedly applied for emergency use authorization (EUA) for its potential COVID-19 antibody from the Food & Drug Administration (FDA). Sources with knowledge of the matter stated that...

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Facebook and other tech giants under scanner over monopoly power

  A report drafted by House Democrats has appealed the Congress to reform antitrust laws. The House Democrats claim the tech giants should segregate their platforms to allow the growth of smaller struggling companies. According to reliabl...

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Bristol Myers Squibb to acquire MyoKardia for access to CVD treatment

  BMS intends to acquire the biotech firm for USD 13 billion. The potential drug of MyoKardia will be sent for FDA approval during Q1 of 2021. Bristol Myers Squibb (BMS), an American pharmaceutical company, reportedly announced its plans ...

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U.S. oil refineries look to outrun Canada’s renewable diesel production

According to credible sources, American oil refineries are making swift moves to produce renewable diesel in order to profit from Canada’s greener fuel standards before the country’s refiners modify their own plants. The news comes along...

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Google unveils two new Pixel smartphones before Apple’s iPhone launch

American multinational technology giant, Google LLC, has reportedly launched two new 5G android smartphones, namely Pixel 5 and Pixel 4a 5G. According to reliable sources, the Pixel 5 display is in line with the latest top end phones from California-...

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Google may face lawsuit from DOJ over search and advertising dominance

  Google has been accused of depriving rivals from essential user preferences and data Google’s search advertising feature has also come under scanner by DOJ According to reliable sources, the U.S. Department of Justice (DOJ) is soon...

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JPMorgan to move USD 234 billion worth assets to Germany before Brexit

  JPMorgan indicated plans to expand its hub in Paris by reassigning services based in London post Brexit The bank plans on completing the migration of its assets to the Frankfurt subsidiary by the end of 2020 As per reliable sources, Amer...

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Nike plans to exit brick & mortar stores, records mega returns online

U.S.-based multinational sports apparel firm, Nike Inc., has reportedly revealed a significant upturn in their digital sales amid the COVID-19 pandemic, recording a revenue of USD 10.6 billion. Sources close to the matter claim that the company plans...

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Experts find druggable pocket in COVID-19, could lead to new antivirals

An international team of scientists, which was led by the University of Bristol, has reportedly discovered a druggable pocket in SARS-CoV-2 (coronavirus) Spike protein which can potentially be utilized to prevent the virus from affecting human cells....

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Baemin introduces next-generation robot for outdoor delivery services

Korean online food delivery service provider Baemin, has recently launched the new version of its next-gen delivery robot Dilly Drive. According to credible sources, the robot will offer significantly enhanced functionality and performance as compar...

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Breast cancer: New treatment claims to reduce recurrence risk by 25%

  The research comprised of patients with increased cellular proliferation and larger tumor size monarchE trials were funded by Eli Lilly and Co. and led by Royal Marsden NHS Foundation Trust Reportedly, the phase three monarchE trial has ...

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Todos, NCL Pharma adds NLC-001 dietary supplement to its joint venture

Todos Medical Ltd., an Israeli in-vitro diagnostic company based, recently announced that NLC Pharma, Inc., its joint venture partner, has added the NLC-001 dietary supplement to their COVID-19 focused-partnership. This will reportedly grant Todos th...

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Airlines and labor unions request USD 25 billion more in federal aid

Airline CEOs and labor unions have reportedly requested for additional USD 25 billion in federal aid amidst the rising concerns of more than 30,000 jobs being at stake. Sources with relevant information stated that airline executives are soon plannin...

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Nikola’s shares plunge, SEC & DOJ to investigate to fraud allegations

  SEC and DOJ are investigating Hindenburg’s claims that Nikola misled its investors Nikola’s shares plunged by 8.3% and reached USD 32.83 following the reports of the investigation According to reliable sources, shares of Niko...

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Oxford’s recovery trial to evaluate REGN-COV2 for COVID-19 treatment

According to credible sources, the University of Oxford has announced that it will be initiating the Recovery Trial for testing REGN-COV2, an experimental drug developed for the treatment of the COVID-19 virus. Sources with relevant information stat...

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Korean scientists claim energy source of cancer cells are fatty acids

Korean researchers have reportedly discovered that fatty acids are the primary energy source for cancer cells. The study, which was published in the latest issue of the International Journal (Cancer), was confirmed by the NCC (National Cancer Center)...

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YouTube accused of collecting data of underaged British children

  The company reportedly breached EU’s General Data Protection Regulations and UK’s Data Protection Act. The case will focus on the youths who watched YouTube since 2018. American video sharing platform YouTube is reportedly in...

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Mastercard and HSBC team up to boost sustainable urban development

Mastercard Inc., an American multinational technology firm, reportedly announced its partnership with HSBC Holdings plc, one of the leading banking & financial services provider company. Sources aware of the development claimed that the two compa...

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Duly approved COVID-19 vaccine may take time claim Pharma giants

According to credible sources, nine pharmaceutical organizations including Merck & Co Inc. and Pfizer Inc. have recently issued a joint pledge to not put forward a COVID-19 vaccine until it has been vetted for efficacy and safety. Other signatori...

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AstraZeneca shares drop by 6% after halting COVID-19 vaccine trials

AstraZeneca plc, a British-Swedish pharmaceutical & biopharmaceutical leader, has recently made it to the headlines for witnessing a 6% plunge in shares after voluntarily halting its late-stage trial for a potential COVID-19 vaccine. Sources clo...

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UK care homes to use robots to reduce loneliness & boost mental health

Reportedly, robots that can learn people’s interests and communicate effectively with humans are to be used in certain UK care homes. An international trial found that robots help reduce loneliness and boost mental health. If reports are to be...

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Omron Healthcare India profits to surpass USD 21.93 million in FY21

  Omron aims to record 27% spike in revenues by FY21 The revenue growth is attributed to rising cognizance regarding home monitoring systems Omron Healthcare India, a leading medical devices manufacturer, is reportedly planning to generate...

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Post-COVID-19 inflammatory syndrome puts children’s hearts at risk

New study published in EClinicalMedicine, a journal of The Lancet, shows link between multisystem inflammatory syndrome in children (MIS-C) and COVID-19. Senior author of the medical review said that the damages to the heart from MIS-C can reach a p...

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Novan announces first clinical testing for SB206 on molluscum patients

Novan Inc., U.S.-based clinical stage pharmaceutical company, has reportedly announced first patient enrollment in its B-SIMPLE4 pivotal Phase 3 clinical study of SB206, an antiviral gel used for treating molluscum contagiosum. For the uninitiated, ...

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Finally, WHO has some good news for 213 covid-19 impacted countries

The World Health Organization on Wednesday reported that widely available and low-cost corticosteroids can aid covid-19 positive patients suffering from serious symptoms. The body also warned against the use of corticosteroids on patients with non-se...

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New research claims honeybee venom can inhibit growth of cancer cells

According to a recent study published in NPJ Precision Oncology journal by Harry Perkins Institute of Medical Research, honeybee venom is capable of rapidly destroying HER2-enriched breast cancer cells and triple-negative breast cancer in the human b...

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Philips’ contract of supplying ventilators to HHS partially terminated

Royal Philips, global leader in health technology recently declared to have halted the supply of ventilators to the U.S. Department of Health and Human Services (HHS), after receiving a notice regarding partial termination of contract which was signe...

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Mammoth response to Kakao Games IPO amidst soaring 2020 returns

Kakao Games Corp., a South Korean video game publisher, is all set to become the most sought-after Korean IPO, drawing nearly 1500 over-demand from institutions for the offered price of USD 20.3. It hit an all-time high on Thursday with the...

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FDA’s approval of using convalescent plasma boosts Korean biotech stocks

As per authentic sources, South Korean biotech and pharmaceutical stocks recovered following FDA’s (U.S. Food & Drug Administration) approval of using convalescent plasma for treating COVID-19 patients. The FDA found the plasma treatment t...

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Top Indian carrier IndiGo reckons to not book profit till 2022

  Indian low-cost carrier IndiGo is not expecting vast gains in the next 18 months. At present, the airline is flying at 32% of its capacity. This figure is expected to increase to 75% by next year. IndiGo is said to be one of the leading ...

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Salmonella outbreak forces HelloFresh to recall meal kits with onions

HelloFresh, an international meal-kit provider based in Berlin, Germany, has reportedly issued a recall of the products in view of the salmonella infection that has affected 900 Americans, with over 100 hospitalized. The U.S. FDA on Wednesday announ...

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More flights to take off from America to China and vice versa

The U.S. Transportation Department recently announced that China and United States will allow the air carriers to increase the number of flights from four to eight per week between world’s biggest economies. As per the trusted sources, after t...

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Oracle Corporation enters the race of acquiring TikTok in the U.S.

  The California-based tech giant is working with U.S.-based venture capital firms to buyout TikTok Oracle’s interest in TikTok challenges Microsoft’s similar efforts American computer technology and software giant Oracle Corpo...

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K-pop label Big Hit shows 27% surge in profits amid COVID-19 outbreak

Big Hit Entertainment, the South Korea-based management company behind the renowned K-pop group BTS, has reportedly witnessed an 27% upsurge in biannual profits. Sources with relevant information stated that the high profits are a result of escalati...

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Telecom giant KT launches Cloud package service for fintech companies

KT Corporation, South Korea’s first telecom operator, has reportedly announced the release of a financial cloud package service to support MyData, a personal credit information management business backed by financial institutions. For the unin...

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WeChat, Signal app downloads spiked in U.S. after Trump threatens ban

After President Donald Trump threatened to impose a ban on WeChat and its alternative Signal in United States, the number of downloads of the Chinese apps spiked for a short duration of time in the country. As per reliable sources, the United States ...

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Lyft follows Uber in exiting California if forced to comply with AB 5

John Zimmer, CEO of the American ride-hailing service Lyft, has recently threatened to shut down all operations in California, following the footsteps of its competitor Uber. This move comes along the heels of the lawsuit filed against the ridesharin...

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TikTok used loopholes for collecting MAC addresses on Android

According to reliable sources, the Chinese video sharing platform TikTok reportedly made use of a known defect to get around Android protections to track MAC addresses of its users. The investigation, which was reportedly carried out by Wall Street J...

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Court wards off Uber, Lyft from classifying drivers as freelancers

A California judge has reportedly issued a preliminary injunction that would prevent ride-hailing companies Lyft Inc. and Uber Technologies Inc. from classifying their drivers as freelancers rather than employees. The recent development follows the l...

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Amazon relaunches Twitch Prime as Prime Gaming for exclusive members

American multinational technology company Amazon.com Inc. has reportedly renamed its live video streaming platform Twitch Prime to Prime Gaming. Sources close to the matter stated that the recent development comes after Amazon pulled down its big-bud...

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One in three UK firms to cut jobs by third quarter of 2020, poll finds

According to a recent study regarding the economic impact of COVID-19, one in three employers in the United Kingdom are predicted to cut jobs by the third quarter of 2020. Sources close to the matter stated that the survey included over 33% of 2,000 ...

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Equinix acquires Premier Partner status with Google Cloud Platform

America-based multinational data center giant Equinix Inc., has reportedly acquired premier partner status by extending its relations with Google Cloud platform. Sources with relevant information stated that the recent development will allow the two ...

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Uber, Lyft sued for alleged wage theft by California labor commissioner

America-based ride sharing companies Uber Technologies Inc. and Lyft Inc. have been reportedly sued over alleged wage theft by California labor commissioner. According to the lawsuit, the classification of drivers as freelancers have not only violat...

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Novavax’s COVID-19 vaccine shows promising results in first trial

America-based vaccine development company Novavax Inc. has reportedly announced a potential COVID-19 vaccine which showcased a promising immune response in the early stage of its clinical trial. The trials for phase one were conducted at two sites in...

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No more fake news with new ‘Search the Web’ feature on WhatsApp

WhatsApp Inc., the Facebook owned messaging giant headquartered in California, has recently rolled out a new feature that allows the users on its messaging platform to search the web and verify the credibility of certain forwarded messages flagged by...

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Hobbycraft reveals 200% upturn in online sales amid COVID-19 outbreak

U.K.-based arts & crafting products supplier Hobbycraft has reportedly revealed a 200% growth in internet sales since the emergence of the COVID-19 pandemic. The company claimed that their consumer base has expanded remarkably since people are pr...

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Nigeria gives green light to N8.64bn fund for Siemens electricity deal

Federal Executive Council of Nigeria has reportedly authorized President Mohammadu Buhari’s initiative to release €15.21 million (N8,648,081,465.2) or N1.708 billion in onshore and N6,940,081,465.20 in offshore as counterpart funding for t...

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Nike aborts plans for Goodyear factory amid COVID-19 outbreak

America-based multinational sports apparel company Nike Inc. has reportedly abandoned its plans to develop soles for its Nike Air shoes in Goodyear plant in Arizona. Sources close to the matter stated that the company had initially planned to start t...

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Dawn Aerospace launches reusable & sub-orbital test plane Mk-II Aurora

Dawn Aerospace, a New Zealand-based company, has reportedly revealed a carbon fiber-based reusable test plane Mk-ll Aurora. Sources close to the matter stated that although the aircraft’s hydrogen peroxide and kerosene-based engine is yet to be...

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Coronavirus Breaking: New Covid-19 test gives results in just 36 min

The Nanyang Technological University (NTC), Singapore, on Monday, announced that Lee Kong Chain School of Medicine, has demonstrated an astonishing way to accelerate the speed, handling time, and cost of Covid-19 lab tests. The new technique is alle...

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NZ government to allot USD 51 Mn for international education sector

According to reliable sources, the New Zealand government is planning to invest USD 51 million in a bid to keep the international education sector running following the ramifications of COVID-19 pandemic. It has also warned the educational institutes...

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MediaTek Inc. develops new 5G chipset for mid-range smartphones

MediaTek, a Taiwanese fabless semiconductor company, has reportedly introduced 7nm 5G chipset named Dimensity 720, an addition to the existing Dimensity chipset series, for mid-tier devices segment. MediaTek claims that Dimensity 720 chipsets are bu...

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South Korea falls into recession as exports dip most since 1963

The South Korean economy is facing its worst decline in over 20 years after it fell into recession in the second quarter as the COVID-19 pandemic has withheld export operations, with social distancing norms shrinking factory output. According to the...

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Worldwide markets to recover on apparent COVID-19 vaccine and EU deal

Amidst the economic slowdown stemmed by the outbreak of COVID-19, sources with relevant information stated that the euro reached an 18-month high while the stock market is witnessing a steady progress. The recent surge in the currency came along the ...

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Online orders surge, Hermes to recruit 10,500 new people in UK

As reported by credible sources, Hermes, a parcel delivery firm, declared that it will generate more than 10,000 jobs in the UK, driven by the unprecedented increase in online shopping due to the outbreak of COVID-19 pandemic. If reports are to be b...

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Google partners with Singapore authorities to launch Skills Ignition SG

Google LLC and Singapore-based public entities such as Infocomm Media Development Authority, Economic Development Board, and SkillsFuture (SSG), have reportedly started a joint skills training and new jobs initiative called Skills Ignition SG. Accor...

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Glenmark faces heat from DCGI over false claims of FabiFlu drug

V.G. Somani, Drug Controller General of India, the head of Central Drugs Standards Control Organization (CDSCO), recently inquired Glenmark Pharmaceuticals Ltd., headquartered in Mumbai, over its alleged false claims on the efficacy of Fabiflu for tr...

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Biolidics lands 5-year licensing deal to develop COVID-19 test kits

Biolidics, a precision medicine medical technology company, headquartered in Singapore, on July 9 inked an agreement with the commercialization arm of the Agency for Science, Technology and Research (A*Star), Accelerate Technologies, to use the agenc...

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Glenmark cuts prices of its COVID-19 drug FabiFlu to USD 1 per pill

As per credible sources, Mumbai-based Glenmark Pharmaceuticals Ltd. recently revealed that it has slashed the price of its coronavirus drug FabiFlu by 27%, from USD 1.37 to USD 1 per pill. The company is reportedly passing on the profits it accumula...

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WHO launches health worker “Florence” with digital brain

In a recent turn of events, World Health Organization (WHO) has reportedly introduced an AI-based health worker called Florence to better manage myths related to coronavirus as well as smoking. Sources with relevant information stated that the techno...

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Rolls-Royce ends the salary pension scheme earlier than expected

Reportedly, Rolls-Royce, a subsidiary of German group BMW, is planning to close its final salary pension scheme 4 years earlier to ease up pressure mounted by the grounded aircrafts. If this initiative gets a green signal from the trustees and pensi...

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Scientists say COVID-19 is airborne, ask WHO to revise recommendations

Numerous scientists across the globe have reportedly sent an open letter to WHO (World Health Organization) seeking the health agency to revise recommendations regarding the novel coronavirus. As per credible reports, around 239 scientists from 32 c...

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Hyderabad gains second Oracle cloud data center after Mumbai

American multinational computer technology corporation, Oracle has recently made it to the headlines post launching its second cloud data center in Hyderabad in a bid to support increased cloud services demand. For those uninitiated, Oracle launched...

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HSA: Banned substances found in two weight loss products online

HSA (The Health Sciences Authority of Singapore) has reportedly issued an alert regarding two weight loss products found online which comprise of banned substances and can be harmful to the human health. The agency has revealed that the two products ...

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First batch of TraceTogether tokens released among vulnerable seniors

Reportedly, the first batch of TraceTogether tokens was distributed yesterday among vulnerable seniors who live by their own and do not utilize any digital devices. The functioning of the tokens is like that of the smartphone application. These token...

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Target to add fresh & frozen groceries to its pickup services in U.S.

America-based retail company Target Corporation is reportedly planning to add fresh & frozen groceries to its curbside and in-store pickup services in U.S. If sources are to be believed, the new service will add 750 perishable grocery items such ...

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Sanofi and Translate Bio to jointly produce mRNA Covid-19 vaccine

French multinational pharmaceutical company Sanofi S.A. is reportedly expanding its collaboration with Translate Bio, a U.S-based mRNA therapeutics company to develop a wide range of messenger ribonucleic acid (mRNA) vaccines against Covid-19. The fi...

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EMA validates use of BAVENCIO for treating Urothelial Carcinoma

German multinational pharmaceutical, chemical, and life sciences company, Merck KGaA, headquartered in Darmstadt, recently declared that the European Medicines Agency (EMA) has approved the review process for the Type II variation application for BAV...

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Spotify eyes adding music videos along with Canvas and Album Art tabs

Swedish music streaming and media services provider Spotify Technology S.A. is reportedly planning to add a new video tab on its now playing screen. The market is abuzz with speculations that the new feature will be available alongside Canvas and Alb...

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Spike in COVID cases: Long queues seen at testing clinics in Melbourne

Reportedly, long traffic queues were spotted snaking out of car parks at Northland and Southland shopping centers as people flocked at testing clinics, after the recent spike in COVID-19 cases in Victoria, Melbourne. According to reliable sources, c...

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Ford Motor Co. to launch hands-free driving system for Mustang Mach-E

American multinational automaker, Ford Motor Company, is reportedly planning to integrate a hands-free driving system in its soon to be launched electric Mustang Mach-E sports utility vehicle model. Sources close to the matter stated that this new fe...

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Low-dose steroid dexamethasone to be used for treating COVID-19 in U.K.

As reported by credible sources, in a recent development the U.K. government has permitted the state-funded NHS (National Health Service) to use an anti-inflammatory steroid called “dexamethasone” for treating coronavirus. The drug is app...

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Jaguar Land Rover to lay off up to 1000 employees in UK amid COVID-19

Jaguar Land Rover, a British multinational automotive giant, recently announced to let go around 1,000 agency staff in UK after suffering a humongous loss of £500 million in three months spanning the COVID-19 pandemic. Sources close to the matt...

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Apple seeks approval for nine new iPhone models as WWDC nears

American multinational technology giant Apple Inc. has reportedly registered for a new computer as well as nine different models for iPhones with Eurasian Economic Commission. According to reliable sources, the filings were first cited by gadget comp...

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Honor releases new temperature sensor-equipped smartphone in China

Honor has released a new smartphone called the Honor Play 4 Pro that is equipped with an infrared temperature sensor. The official Weibo account of the firm confirmed in a video that the handset displays readings of temperature after it is held up to...

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Emirates could slash 30,000 jobs to lower cost during COVID-19 crisis

Emirates Group has reportedly been planning to lay off around 30,000 jobs in order to lower the cost amid the pandemic outbreak, that will soon bring the total number of employees working by nearly 30% from over 105,000 close to March-end. Apparentl...

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Apple acquires live event recording and VR broadcaster NextVR

Apple has recently confirmed that it has acquired NextVR, which is a virtual reality startup that specializes in recording live events such as sports matches and concerts for  VR experience. The announcement made by the company came after the pu...

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Grant worth $6mn introduced in Singapore to support FinTech companies

The recent coronavirus pandemic has largely affected umpteen businesses globally. In a bid to help Fintech companies meet their day-to-day expenses, the Monetary Authority of Singapore (MAS), has established the FinTech Solidarity Grant that would pr...

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Zoom to use Oracle’s cloud service to manage rising video call traffic

Zoom Video Communications Inc., recently announced that it has begun using the cloud computing service of Oracle Corp in order to help manage the increase in the volumes of all the online video calls that the novel COVID-19 has brought in. The corpo...

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Patreon sacks 30 employees owing to COVID-19 related financial crunch

Owing to the recent COVID-19 pandemic, many businesses across the globe have been severely affected. One of these organizations is Patreon, a California based membership platform that provides business tools for creators to run a subscription-based c...

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Woolworths to open added home delivery windows amid COVID-19 lockdown

Woolworths, the Australia-based chain of grocery stores and supermarkets, will reportedly be opening thousands of additional weekly home delivery windows that would help the online customers with shopping. The extra capacity is expected to be fulfill...

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Eros International share prices shoot up by 10% post STX merger

Eros International’s share prices shot up by 10% in morning trade on April 20 post the announcement made by the company regarding the all share merger with STX Entertainment from Hollywood, to be able to create a global firm that would equally ...

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Oxford University to commence human trials on a COVID-19 vaccine

The university’s vaccine programme has hired around 510 people to take part in the first trial. As the deadly coronavirus have paved its way to almost every continent, researchers worldwide are putting in their best to develop an effective vac...

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GSK & Sanofi join forces to discover an effective vaccine for COVID-19

Amidst growing concerns over the coronavirus, numerous medical institutes and pharmaceutical companies are diligently working on developing an effective vaccine to tackle this deadly virus. France’s Sanofi S.A. and Britain’s GlaxoSmithKli...

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Govt. of Australia to subsidize Virgin & Qantas domestic flights

Amidst the effects of coronavirus and its impact on the national economy, the Australian government has planned to underwrite domestic flights operated by Virgin Australia and Qantas. Sources claim that the move would help the government to regulate ...

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Analytics 4 Life reveals new data backing novel method to predict LVEDP

Analytics 4 Life, one the leading digital health company committed to improving existing diagnostic pathways, has reportedly presented data on its heart failure research at the ACC’s (American College of Cardiology) 69th Annual Scientific Sessi...

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InMed files CTA to start second Phase 1 INM-755 clinical trial

InMed Pharmaceuticals Inc., a leading biopharmaceutical company which develops medications targeting diseases with unmet needs, has reportedly announced the filing of CTA (Clinical Trial Application) in the Netherlands to commence a second Phase 1 tr...

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Vapotherm reveals business update following COVID-19 pandemic

Vapotherm, Inc., a global medical technology firm developing and manufacturing proprietary Hi-VNI Technology products, has reportedly announced an update on its business in response to the COVID-19 pandemic. Sources cite that, as result of COVID-19,...

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Alibaba Cloud extends AI services to combat COVID-19 worldwide

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ABLIC unveils new series of automotive single-chip power supply ICs

ABLIC Inc., a Japanese semiconductor manufacturing company, has recently introduced a new series of automotive low dropout voltage regulators enabled with voltage monitoring feature. Reportedly, the S-19310/S-19315/S-19316 series is a single-chip aut...

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Bio-Rad rolls out SARS CoV-2 standards for Coronavirus Testing

The SARS CoV-2 standard has human genomic DNA and synthetic COVID-19 RNA transcripts.   SARS CoV-2 standard assists laboratories to keep up with the soaring demand for the identification of Coronavirus by helping validate COVID-19 tests. A...

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UnitedHealthcare rolls out new eye care benefit program for women

UnitedHealth Group Inc., an American healthcare company offering a full spectrum of health benefit programs for employers, individuals, and medicaid beneficiaries, has reportedly launched a new benefit program to support overall wellbeing and eye hea...

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Slate Retail REIT declares buyout of 7 grocery anchored properties

The acquisition agreement is inked at a valuation of USD 106.5 million. Under the agreement, REIT would be able to extend its relationship with prominent grocers in the coming times. Toronto based Slate Retail Real Estate Investment Trust, REIT,...

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EyeTech unveils advanced eye tracking tablet platform, EyeOn™

The tablet would offer superior performance as well as premium design for AAC users. EyeTech Digital Systems, a leading innovator in Health AI, has recently launched an all-in-one, ultra-slim eye gaze tablet dubbed EyeOn™ at 2019’s Assis...

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ASP secures the U.S. FDA approval for STERRAD VELOCITY® BI/PCD

Advanced Sterilization Products (ASP) has secured 510(k) clearance from the U.S. FDA. The regulatory body has approved for a 15-min time to result on the STERRAD VELOCITY® Biological Indicator (BI)/Process Challenge Device (PCD) fo...

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Tmunity doses first patient in Phase 1 CART-TnMUC1 clinical trial

Tmunity Therapeutics Inc., a clinical-stage biotherapeutics firm focused on advanced T-cell immunotherapy, has reportedly dosed the first patient in its Phase 1 CART-TnMUC1-01 clinical trial with TnMUC1 (Tn/STn glycoform of mucin 1) CAR-T (chimeric a...

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Hyundai and Uber team up to develop all-electric flying taxis

In the midst of technological advancements increasing at a commendable pace, Uber’s flying taxi initiative seems to be edging closer to reality – the reality of establishing flying cars in the near future. The ride-hailing giant has appar...

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BioXcel begins Phase 3 BXCL501 trial for treating SCZ & bipolar disorder

BioXcel Therapeutics, Inc., a clinical-stage biopharmaceutical firm leveraging artificial intelligence approaches to advance the next wave of medicines in immuno-oncology and neuroscience, has reportedly announced the initiation of its SERENITY progr...

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Verizon’s 5G internet services now active across 31 U.S. cities

Verizon Wireless, one of the leading telecommunication company in the U.S., has recently revealed the expansion its 5G internet network at parts of New Hampture and Ohio. This is a significant addition to the company’s previous plan to extend i...

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Sims Recycling confirms ISO 27001 certification for Noida facility

SRS clients will be assured about the secure management of their IT and electronic assets by the information security management standard Sims Recycling Solutions (SRS), provider of IT asset disposition (ITAD) and electronics recycling, was recently...

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NTT Data Services inks a definitive agreement to acquire Flux7

NTT Data Services, a U.S.-based IT service provider, has reportedly inked a definitive agreement to acquire AWS premier consulting partner, Flux7 to accelerate and expand the company’s capabilities to bring IT workloads to the cloud.  Acc...

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CloudCheckr unveils a new Business Partner Program at AWS re

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Canon Medical brings Aquilion One/Prism Edition to the fore

Canon Medical Systems USA, Inc. has brought Aquilion/Prism Edition—a spectral CT system designed for deep intelligence—to the fore. The company has combined the potency of Deep Learning Spectral Reconstruction imaging capabilities with Ad...

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MedinCell secures $19Mn grant from Bill & Melinda Gates Foundation

MedinCell S.A., a French pharmaceutical company, has signed an agreement with the Bill & Melinda Gates Foundation for an additional $19 million that would be offered over the next four years. The arrangement focuses on funding preclinical activit...

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Equillium to present data supporting CD6-ALCAM at ASH annual meet

Equillium Inc., a clinical-stage biotechnology company, has reportedly announced that it will be presenting positive data related to the role CD6-ALCAM pathway as a relevant target for patients who are suffering from acute graft versus host disease (...

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Asuragen & Wave Life Sciences unite for development of HD diagnostics

It has been reported that various industry giants across the medical fraternity have been involved in the mergers and collaborations to develop and commercialize the treatments for distinguished disorders and diseases. In a light of this, Asuragen an...

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The Medicines Company’s worth declared at $9.7bn post Novartis’ buyout

Novartis has reportedly planned the purchase with a target of adding inclisiran, a potential cholesterol lowering drug of The Medicines Company to its existing cardiovascular portfolio Swiss multinational pharmaceutical company, Novartis Internatio...

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AeroCentury sells one of its four Bombardier CRJ900 aircraft to ASI Aero

AeroCentury Corp., an aircraft operating lessor and finance company, has recently sold a Bombardier CRJ900 to aircraft manufacturer and component supplier Aeronautical Support International LLC (ASI Aero) through affiliate Cloud Investment Partners. ...

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Eidos & biotechnology firm BridgeBio present data from phase 2 OLE

  Lower rates of cardiovascular hospitalizations and mortality were witnessed. Echocardiographic parameters and cardiac biomarkers were stable in the Phase 2 OLE in patients with AG10. Eidos Therapeutics, Inc. (Eidos) (Nasdaq:EIDX), a clin...

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Chembio announces WHO Prequalification approval for HIV Self-Test

The test senses antibodies to HIV 1 and HIV 2, demonstrated specificity of 100% and sensitivity of 99.4%, when comparing amateur HIV self-test users to skilled professionals. Chembio Diagnostics, Inc., has reportedly announced that its SURE CHECK HI...

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Amgen teams up with BeiGene to expand its oncology presence in China

The pharmaceutical sector is often held accountable for treating the most crucial health conditions. The sector markets, innovates and produces those therapies which could become beneficial to patients on a larger scale. However, with increasing comp...

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Aerospace company Erickson bags $996M SOF/PR Defense Contract

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FDA approves AstraZeneca’s Farxiga for treating type 2 diabetes

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Herantis Pharma releases update on timeline of its ongoing CDNF trial

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Japan’s SoftBank amid plans to invest in venture capital funds

The conglomerate plans to mark its presence in Latin America by investing in venture capital funds, with a strategy to deploy nearly $500 million in five to 10 funds. SoftBank Group Corp., a multinational conglomerate based out of Tokyo, reportedly ...

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TG Manufacturing acquires contract manufacturing firm TurnKey

TurnKey presently supplies a varied group of consumers in the industrial laboratory, defense and gaming industries among others. Using TGM’s advanced manufacturing technology, quality systems and global network and combining them with TurnKe...

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Oxurion concludes enrollment of patients for THR-687 Phase 1 trial

12 patients with DME have enrolled into the study.   The results for the Phase 1 trial will be out by the end of 2019. Oxurion NV, a biopharmaceutical firm involved in the development of innovative treatments to preserve vision of diabetic...

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Volkswagen bank adopts OneSpan Mobile Security Suite for transactions

The app ensures the bank’s compliance with PSD2.   The app protects financial transactions from trojan attacks and other malware. OneSpan, a leading global cybersecurity technology company known for its electronic signature, trusted ...

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Google shifting Pixel smartphone production to Vietnam from China

The company aims establish a low-cost supply chain across Southeast Asia which will work as a springboard for its increasing hardware ambitions. The production lines of Vietnam will play a crucial role in Google’s drive for growth in mobile ...

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The Medicines Company declares positive results from Inclisiran trial

The ORION-11 trial of inclisiran sodium 300 mg reached all secondary and primary endpoints with efficacy that is consistent with the findings from Phase 2 and 1 trials.   The trial evaluated that inclisiran was tolerated well and confirmed t...

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Ride-hailing operator Grab set to make major investment in Vietnam

Leading Singapore-based ride-hailing service provider Grab is reportedly gearing up to make an investment of “several hundred million dollars” in Vietnam which it considers to be the next prominent growth market. This announcement comes ...

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STALICLA completes pre-IND meet with FDA on STP1 for patients with ASD

Atrium Spectrum Disorder (ASD) affects 1 in 59 school children of 8-years in the United States. It is a common neurodevelopmental disorder, with a higher level of heterogeneity.   Such technologies are used for the first time in the neurodev...

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Microsoft’s SMS Organizer for Android expands to UK, US and Australia

Leading software company Microsoft’s SMS Organizer app for the Android platform is reportedly available to users from the US, UK and Australia, according to XDA Developers. The app is designed to de-clutter smartphones by helping manage spam t...

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Mallinckrodt states positive results of Terlipressin in HRS-1 patients

The company announced positive results from its Phase 3 CONFIRM trial of terlipressin in Hepatorenal Syndrome Type 1. The study verified HRS-1 reversal along with other 3 components-renal function enhancement, escaping dialysis, and short-term sur...

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Detraxi to develop a new solution to reduce global blood shortages

High income-growth countries like China will be the key recipient of the Detraxi biotechnology. Detraxi, a biotechnology company, is reportedly planning to develop its proprietary biotechnology solution for a range of global health challenges to sav...

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LifeMax certified for treating Netherton Syndrome with LM-030

LifeMax Laboratories Inc a subsidiary of LifeMax Healthcare International Corporation, recently announced that a Novartis licensed investigational therapy, LM-030, has been granted pediatric disease designation by the FDA. The therapy is now ready to...

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Ascentage Pharma declares first patient dosed in APG-2575 trial

APG-2575 created by Ascentage Pharma is one of the rare Bcl-2 selective inhibitors in active clinical studies apart from Venetoclax. Ascentage Pharma has reportedly announced that it has dosed the first patient in a phase I medical study o...

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Accenture announces addition of 600 jobs to Chicago operations by 2022

Accenture plc, the leading professional services company that provides services in consulting, operations, strategy, digital and technology has recently announced the addition of 600 jobs to its Chicago operations by 2022. For the record, Accenture ...

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Teijin Ltd to buy European auto component supplier Benet Automotive

The acquisition will strengthen Teijin’s sales channels in Europe along with solution development abilities Teijin Limited, a Japanese technology driven group that operates in different fields of composites, fibers, healthcare and IT businesse...

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EnPro acquires the Aseptic Group to expand fluid handling portfolio

Acquisition of Aseptic Group represents the ongoing commitment towards investing in the biopharmaceutical and pharmaceutical industries EnPro Industries, a leading manufacturer of engineered industrial products, has reportedly acquired The Aseptic G...

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Gilead plans to submit New Drug Application for Filgotinib to USFDA

Gilead Sciences, Inc., a biotechnology company recently provided an update about the investigational- filgotinib, selective JAK1 inhibitor, at a pre-NDA (New Drug Application) meeting with the USFDA, cite sources. For the record, Gilead Sciences, In...

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Kitty Hawk to partner with Boeing on the development of flying taxis

The company aims to provide flying taxi services through the two-seater Cora, that can be simply summoned using an app Kitty Hawk Corporation, an American aircraft manufacturer backed by Larry Page, Alphabet’s CEO and founder of Google, recent...

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Amazon Air to commence flights to Anchorage International Airport

Amazon Air recently announced that it plans to begin flights to Ted Stevens Anchorage International Airport. The airport published a post on twitter, confirming that the carrier will operate daily services to the Alaskan hub, utilizing its Boeing 767...

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JetBlue to add long-range Airbus jets to expand services to Europe

·         JetBlue, in April, had given confirmation of its first service to Europe starting 2021 ·         Its new Airbus jet would serve cities in north, ...

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MobiKwik, DT One team up to offer mobile recharge services worldwide

It will be the first time DT One will have mobile recharge originating from India through their network MobiKwik, an India based fintech platform, recently announced that it is partnering with DT One, a global network for mobile recharge and airtime...

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Editas test CRISPR to treat beta-thalassemia & sickle cell disease

Editas Medicine Inc., a U.S.-based pharmaceutical company recently announced results from trial of two different CRISPR-Cas9 genome editing strategies, one targeting the beta-globin locus and the other targeting the erythroid enhancer, for treatment ...

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Hemispherx treats first patient in clinical trial of Ampligen

Hemispherx Biopharma Inc., a US-based biopharmaceutical company recently announced having treated its first patient with Ampligen in combination with Cisplatin & Pembrolizumab, in a phase 2 ovarian cancer clinical trial. As per credible sources,...

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Go-Jek acquires AI startup AirCTO to expand its operations in India

AirCTO team would be joining Go-Jek immediately and will be looking at building products that speed up recruitment for Go-Jek Go-Jek, the Indonesia-based ride-hailing startup has reportedly acquired AirCTO, an artificial intelligence-powered recruit...

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Google confirms $17m investment for Detroit and Ann Arbor expansion

Google is investing millions across 14 U.S. states and the investment in Michigan is expected to add a significant number of jobs Google LLC, the multinational technology company, has announced an investment of $17 million in Little Caesar Arena in ...

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Dockabl raises USD 1.26 million in pre-series A funding round

The company also has plans to launch a plug and play version of its product by 2020. The India-based Saas startup Dockabl has reportedly announced that it has raised $1.26 million in a pre-series A funding round led by a pool of marquee investors in...

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Moderna announces data from Phase 1 mRNA cancer vaccine study

The data revealed Moderna’s mRNA personalized cancer vaccine (PCV) mRNA-4157 to be well-tolerated at all tested doses and elicited neoantigen-specific T-cell responses. Massachusetts-based biotechnology firm, Moderna, Inc. has recently announ...

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Mesoblast submits BLA for remestemcel-L to treat aGVHD in children

Mesoblast Limited has reportedly filed a rolling submission for Biologics License Application with the U.S Food and Drug Administration for remestemcel-L to treat steroid-refractory acute graft versus host disease in children. Sources claim that the...

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Rexgenero expands manufacturing of cell-based CLI therapy REX-001

A regenerative medicine company Rexgenero, creating advanced cell-based therapies for the treatment of critical limb ischaemia, has reportedly expanded the production of its lead development therapy REX-001 by partnering with the German Red Cross Blo...

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Trump claims Huawei issue could be resolved in US-China trade deal

The Trump government had effectively banned American companies from conducting business with the Chinese telecommunications equipment company. The President claimed that the complaints against Huawei might possibly by resolved in the U.S.-China tr...

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GSK, Zymeworks expand partnership for bispecific antibody development

GSK anticipates using Zymeworks’ Azymetric technology for developing bispecifics drugs that treat communicable diseases Zymeworks Inc, a clinical-stage biopharmaceutical company, has recently announced that GSK has extended its 2016 licensing ...

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Vertex, Kymera join forces for developing protein degradation drugs

Vertex would be paying $70 million in advance to work with Kymera including an equity investment in the company Kymera Therapeutics and Vertex Pharmaceuticals Incorporated (VRTX) have reportedly announced that they are entering into a four-year rese...

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Amazon plans job cuts as it deploys machines to pack orders

Amazon is well known for its drive to automate as many segments of its business as possible. The American multinational technology company Amazon Inc. is reportedly planning to deploy machines to automate boxing up customer orders. The company has i...

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Keppel wins contract for two 600MW offshore wind farms worth SGD$150m

The substations will be deployed at Greater Changhua offshore wind sites of Ørsted in Taiwan Reports confirm that Keppel FELS Ltd, a wholly owned subsidiary of Keppel Offshore & Marine Ltd, has formally secured an over SGD$150 million wor...

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Harsco signs agreement to acquire Clean Earth for $625 million

The acquisition of Clean Earth is expected accretive to earnings in 2020. The companies together are expecting synergies to amount to $10 million by 2020. Harsco Corporation, the industrial services provider recently announced that it has entered in...

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Porsche fined €535m by German prosecutors over diesel emissions fraud

Audi, VW, Porsche all sold diesel engine vehicles that had failed to meet clean air regulations and were able to cheat emissions tests Reports suggest that prosecutors in Germany have levied a 535 million euro fine on German luxury automobile maker ...

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Pfizer obtains FDA approval for oral heart drug costing $225K a year

In May the drug received FDA breakthrough status and had lowered the risk of death for patients by 30% as compared to placebo The U.S. Food and Drug Administration has recently approved tafamidis, an oral drug from Pfizer Inc for treating a fatal an...

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Cytokinetics declares FORTITUDE-ALS results from reldesemtiv study

FORTITUDE-ALS did not attain statistical importance in its primary endpoint of change from baseline in SVC Patients who received reldesemtiv in FORTITUDE-ALS exhibited lesser decline than the patients who received placebo Cytokinetics has reportedl...

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Norton Healthcare & Select Medical tie up on outpatient rehabilitation

In a recent turn of events, Norton Healthcare and Select Medical have reportedly declared signing a joint venture agreement intended to assimilate outpatient rehabilitation solutions in the Southern Indiana and Louisville metro provinces.  As p...

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Renault to plan a joint holding company with Japanese carmaker Nissan

Renault, the French multinational automobile manufacturer, has reportedly announced that it is aims to propose a plan for creating a joint holding company with Japanese multinational carmaker Nissan, which is likely to provide both the companies with...

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Supermicro breaks ground for new facility spanning 800,000 square feet

San Jose-based IT company Super Micro Computer, Inc., has made it to the headlines for officially inaugurating its all-new new 800,000-square foot establishment in Taiwan. The firm, in conjunction, is also further expanding its headquarters in Silico...

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Lyft, Inc. expands its Grocery Access Program across 15 U.S. cities

Through the latest move, Lyft aims to mitigate transportation barriers to healthy food. Lyft Inc., a San Francisco-based transportation network company, has made it to the headlines for planning to offer discounted rides at $2.50 to grocery stores ...

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Oxurion & Bicycle Therapeutics declare full enrollment for DME study

Bicycle Therapeutics, a biotech firm pioneering a new therapeutic class based on its patented bicyclic peptide or Bicycle® platform, and Oxurion have recently declared complete registration of Oxurion’s Phase I clinical trial planned to ass...

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CIA alleges Huawei of being funded by the Chinese state security

The US Intelligence service, Central Intelligence Agency, has grabbed the headlines for publicly accusing the Chinese multinational consumer electronics company, Huawei Technologies, of being funded by China’s National Security Commission. Repo...

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Precision BioSciences doses first patient in CAR T cell therapy trial

Precision is creating PBCAR0191 in partnership with Servier, a multinational pharmaceutical firm   The company believes that the patient dosed in the trial is also the first US-based clinical trial to assess an allogeneic CAR T cell therapy ...

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BioTime to present OpRegen® Phase I/IIa study outcomes at ARVO 2019

BioTime Incorporation, a clinical stage biotechnology firm developing newfangled cellular treatments, has recently declared that updated outcomes from a Phase I/IIa clinical study of OpRegen®, its chief product candidate, would be presented at th...

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French business tycoons commit €600m to restore Notre Dame Cathedral

Pledges for donation came after firefighters confirmed that the fire had been extinguished completely   President Emmanuel Macron plans to begin a national fundraising campaign for the cathedral’s reconstruction Major corporations an...

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Google Huawei announce compensation for faulty Nexus 6P device users

The companies are liable to pay $9.75 million in settlements, pending court approval Users said their devices experienced a bootlooping problem which led to phones shutting down randomly Reports indicate that Google and equipment manufacturer Hu...

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Google enhances its cloud platform with seven Open-Source Partnerships

Through the seven new partnerships, the company aims to enhance the utility & features of its Google Cloud Platform. The new partnerships were announced at the company’s ongoing annual Google Cloud Next event. Google LLC, the renowned ...

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Inscripta raises additional $20 million in Series C financing round

Inscripta is working to develop a full suite of gene-editing tools (reagents, software and instruments) to increase the efficiency and speed of CRISPR-based gene-editing The US-based gene-editing technology company Inscripta has announced that it h...

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Imvax unveils positive results from clinical trial of IGV-001 vaccine

Clinical-stage biotechnology company Imvax, Inc., committed to creating novel patient-specific vaccines and immunotherapy strategies, has reportedly attained positive results from an ongoing Phase 1b clinical trial that proves treatment with IGV-001,...

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Bird, Lime to exit Raleigh due to stringent rules for scooter-sharing

Raleigh city has imposed some of the most arduous regulations in the country on e-scooter sharing   Other rivals seem to have still submitted proposals to the city for entering the market Reports confirm that Bird and Lime, two e-scooter c...

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Airbus bags 300 airliners order from China, surpasses rival Boeing

Owing to surging travel demand, China has become a key competing ground for Airbus and its chief rival Boeing. Airbus, one of the leading names in the aerospace sector, recently signed a multibillion-dollar deal to sell 300 airliners to China. With t...

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Dish signs long-term agreement with Univision, ends carriage dispute

According to the new agreement, Univision networks and stations will be restored on DishLatino and Dish with immediate effect. Univision communications and Dish network have reportedly announced a new long-term contract, ending a nearly eight-month...

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Lime discontinues bike-share in Green Bay, hunts for alternatives

Green Bay aims to form a task force to find the new bike sharing service. The city aspires to develop its plan in spring and have the system into effect before fall. Lime has decided to withdraw its bike sharing program in Green Bay as the paradigm...

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SoftBank, Amazon to invest in Bengaluru-based mobility firm Drivezy

The investment will help Drivezy expand its fleet across India and further help it enter into overseas markets. Japan’s renowned technology investor, SoftBank Group Corp. is reportedly in talks with global e-commerce giant Amazon.com, Inc. to ...

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Next says no-deal Brexit tariffs could save £15M to benefit shoppers

The latest move comes in the wake of the company’s increasing focus on web sales, as it is expected to close around 507 stores over the next 15 years Next, the fashion retail giant, has announced that after a no-deal Brexit it could save up to...

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Nvidia introduces GauGAN to turn sketches into realistic landscapes

The program can blend hundreds of thousands of objects and their connection to other objects in the real world Nvidia Research has recently introduced a generative adversarial AI system named GauGAN that allows one to create photorealistic landscape...

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Trump targets GM & Ohio union official, demands Ohio plant reopening

The automaker and the union official had closed down a vehicle assembly facility recently. The U.S. President’s lashing, which came via a tweet, further amplifies the amount of public pressure on GM to re-commence operations at the plant. ...

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Nut bars behemoth Kind wants the FDA to change food labeling protocol

Kind appeals to the FDA to alter the way it regulates food labels. The renowned nut bars maker was previously engaged in a row with the FDA over the use of the word ‘healthy’ on its packs. Kind, the renowned maker of nut bars, has re...

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Microsoft contracts Invenergy for solar energy center development

The construction of the energy center is scheduled to start in 2019 and is anticipated to create approximately 500 jobs during construction. Microsoft, the tech giant recently announced that it has contracted Invenergy, a global developer of sustain...

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Chronicle launches of Backstory, its first data security platform

Unlike data security platforms, Backstory’s pricing will depend of the size of the company and not on the size of the customer’s data. Chronicle, the cybersecurity company that spun out of the former Google X and currently a subsidiary o...

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Ericsson, Airtel team up to deploy AI technology in network operations

Artificial Intelligence could be a key to Airtel’s customer experience centric operations management Ericsson, the Swedish telecommunications and networking giant, and Bharti Airtel have recently confirmed that the companies have entered into ...

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AC Immune starts enrolling patients for next Phase 2 trial of anti-Tau

The antibody, called as MTAU9937A, RO7105705, is also being assessed by Genentech in a different Phase 2 trial Anti-Tau monoclonal antibody was detected and improved under the collaboration between AC Immune and Genentech The Switzerland-based c...

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Google, MediaTek partnership to boost machine learning in mobile apps

Taiwan-based fabless semiconductor company MediaTek Inc. has recently announced an expansion of its collaboration with Google, with its Helio P90 chipset to support the ML Kit of Google for bringing machine learning techniques for mobile developers o...

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Rapyd raises $40 million in a Series B funding round led by Stripe

Rapyd, a UK-based Fintech-as-a-Service (FaaS) platform, has raised about USD 40 million in a Series B funding round led by Stripe and General Catalyst. As per trusted sources, the latest funding round witnessed participation from Ignia, Target Global...

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SGX rejects Nutryfarm’s bid to acquire 45% stake in First Linkage

Investment holding company NutryFarm International’s bid to acquire 45 percent stake in tech firm First Linkage for 90 million Chinese yuan has reportedly been rejected by the Singapore Exchange over concerns surrounding contractual workarounds...

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Docomo & Hatch partner to introduce cloud gaming services in Japan

Hatch’s gaming services are presently available in the UK, Ireland, and Nordic nations. Since App Store forbids streaming services, cloud gaming will be accessible only through Android   devices.      D...

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CBRE confirms acquisition of Romonet to expand data center solutions

Reports confirm that CBRE Group, Inc. has acquired the assets of leading advanced analytics software company Romonet Limited, which offers consulting and technology services to large global operators of data centers. With this acquisition, profession...

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Thai Central Group makes a $200m investment in Grab’s Thai entity

Central will be acquiring a non-controlling but significant stake in the Thai entity of the Singapore based Grab. Grab, the Southeast Asian ride-hailing firm, recently announced that it has raised approximately $200 million from Thailand’s ret...

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Roche to abandon Alzheimer’s drug crenezumab following failed trials

The news from Roche marks another failure in developing drugs for Alzheimer’s after many other drugmakers have stopped trials of prospective treatments. Roche Holding, the Swiss pharmaceutical giant, has recently confirmed that it would be sto...

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DSM creates a joint venture with Nenter & Co to manufacture vitamin E

DSM is likely to acquire a 75 percent stake in the joint venture for about €135 million.   The new business will exclusively manufacture vitamin E for DSM The Dutch nutrition firm DSM has reportedly announced that it is planning to fo...

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Abcam acquires California-based antibodies developer Calico Biolabs

U.K. biotech firm Abcam has recently confirmed the acquisition of Calico Biolabs, a specialist in rabbit monoclonal antibodies based out of California. Calico is known to provide custom, high-quality recombinant rabbit monoclonal antibodies developed...

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Ad tech company OpenX signs a $110 million cloud deal with Google

Post the deal execution, the company would become one of the first 100 percent cloud-based programming advertisement platforms. The U.S.-based programmatic advertising technology company OpenX has reportedly signed a five-year deal with Alphabet Inc...

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Huawei develops its own chip technology to sidestep U.S. components

The company claims that its chip technology is at par with the leading U.S. technologies. Huawei, the Chinese tech giant, recently announced that it will be using its own technology for a next-gen smartphone instead of U.S. components. Experts spec...

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Basilea & Roche to jointly study novel treatment for urothelial cancer

The planned study would assess the efficacy, tolerability, and safety of the derazantinib-atezolizumab combination in patients with confirmed FGFR genomic aberrations and advanced urothelial cancer. Basilea Pharmaceutica Limited, a commercial stage ...

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Tech giant IBM signs 8-year cloud agreement with BNP Paribas S.A

The deal will enable BNP Paribas to utilize IBM Hybrid Cloud solutions to enhance its service capabilities via multiple environments. Tech giant IBM has reportedly announced that it has inked an eight-year agreement to extend its cloud partnership w...

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