Economy

Moderna COVID-19 Vaccine Will be Going for $25 to $37

COVID-19 vaccine developed by Massachusetts based Biotechnology Company Moderna Inc. (MRNA) will be going for $25 to $37. This was revealed by the company’s Chief Executive Officer Stephane Bancel during an interview with German weekly Welt am Sonntag. Since Moderna announced its 94.5% effective COVID-19 vaccine , the European Commission has been engaging the drug […]

China Gives $2.1 Billion Debt Relief to Developing Countries

China has increased its debt relief to developing to $2.1 billion under the G20 framework making it the largest debt relief by any member state of the group. This information was revealed by China’s Finance Minister Liu Kun. The corona virus pandemic has really injected a lot of damages in developing countries leaving most of […]

Phoenix Approves $12 Billion Development Deal With TSMC

On November 18 City Council of Phoenix, Arizona voted in favor of a $12 Billion development deal with chip manufacturer Taiwan Semiconductor Manufacturing Co (TPE: 2330) in which the company will build a factory in the city. The Council voted 9-0 in favor of the agreement with Taiwan Semiconductor, prior to the voting session mayor […]

Walmart to Lose $1 Billion After Selling Operations in Argentina

U.S based and world largest retailer Walmart Inc. (WMT) has concluded to sell off its operations in Argentina which is currently going through an economic recession catalyzed by the coronavirus pandemic. Walmart said it will incur a $1 billion after-tax, non-cash loss resulting from this sale. The retailer will be selling these operations to Grupo […]

Facebook and Twitter Suspends Accounts Spreading Misinformation About U.S Elections

Leading social media networks Facebook Inc. (FB) and Twitter Inc. (TWTR) have suspended multiple accounts which have been passing across misinformation about ongoing U.S elections. Most of these accounts are newly created and they have been violating policies of these social media platforms. Twitter said it suspended the involved accounts for posting identical posts which […]

Amazon Withdraws From Black Friday ad Campaign in France

Leading e-commerce company Amazon Inc. (AMZN) has withdrawn from running ads for pre-Black Friday discounts in France. This comes moment after the French government said the campaign was relatively unfair to small retailers especially at a time when the pandemic has forced the European nation into a lockdown. French government argues that the lockdown has […]

Immune Response for AstraZeneca and Oxford Vaccine Raises Hopes for COVID-19 Vaccine

The vaccine under trials by Europe based biopharmaceutical AstraZeneca Plc. (LON: AZN) and Oxford University has raised hopes of a suitable vaccine against the deadly COVID-19 vaccine after the company said experimental vaccines produces an immune response in both young and old adults. The vaccine is said to be triggering lower adverse responses among older […]

Turkey President Erdogan Supports Boycotts Against France Due to ‘Blasphemous Cartoon’

The President of Turkey Tayyip Erdogan has urged his fellow citizens to cease buying goods from France due to some cartoon images being displayed across France of Prophet Mohammad. “I am calling to all my citizens from here to never help French brands or buy them,” said President Erdogan. These images did not sit well […]

United States Sanctions a Russian Institute for Developing a Dangerous Malware

The United States has sanctioned a Russian research institute over development of what the U.S calls a dangerous malware. This malware is said to have the ability of causing catastrophic industrial damage. The institute is called Central Scientific Research Institute of Chemistry and Mechanics, it also has a Russian acronym TsNIIKhM. Additionally the institute is […]

Brazilian Volunteer for AstraZeneca COVID-19 Vaccine Clinical Trials Dies

A volunteer in Brazil for the clinical trials of COVID-19 vaccine being developed by Europe based pharmaceutical company AstraZeneca Plc. (LON: AZN) in collaboration with Oxford University has passed away. Oxford confirmed the sad news further adding after a meticulous assessment no concerns about safety of the clinical trial the trials came up hence the […]