Economy

The Federal Communication Commission (FCC) still believes that Chinese telecommunication company ZTE Corp. (SHE: 000063) poses a national threat to the security of United States, the agency made the sentiments after turning down a request by ZTE to reconsider its decision upon the company. Mid last year FCC barred two Chinese tech giants Huawei Technologies […]

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 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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]