The UK government said that it’s setting up a “Digital Markets Unit”, scheduled to launch in April, will oversee a new regulatory regime for tech companies that’s aimed at spurring more competition. Britain plans to create a new watchdog to police big tech companies including Google and Facebook to counter […]
Business
BERLIN: Volkswagen is bringing forward the development of a small electric car for the mass market in anticipation of tougher climate regulations, according to plans seen by Reuters, as it seeks to boost sales in a new green era. Under the project dubbed “Small BEV (Battery Electric Vehicle)”, engineers are […]
WASHINGTON: A COVID-19 antibody therapy used to treat President Donald Trump was approved by the US drug regulator on Saturday (Nov 21) for people who aren’t yet hospitalised by the disease but are at high risk. The green light for drugmaker Regeneron came after REGEN-COV2, a combination of two lab-made […]
BEIJING: President Xi Jinping said on Saturday (Nov 21) that China is ready to step up global COVID-19 vaccine cooperation, and called for better international coordination on policies to facilitate movement of people. Pharmaceutical companies and research centres around the world are working on potential COVID-19 vaccines, with large global […]
PARIS: Europe is set to lift its flight ban on the Boeing 737 MAX passenger jetliner in January after US regulators last week ended a 20-month grounding triggered by two fatal crashes. The head of the European Union Aviation Safety Agency (EASA) said in remarks aired on Saturday (Nov […]
BEIJING: Leaders of the 20 biggest economies on Saturday (Nov 21) vowed to ensure a fair distribution of COVID-19 vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling to recover from the coronavirus pandemic. “We will spare no effort to ensure their […]
WASHINGTON: The uneasy balance between the wildfire-like spread of the coronavirus in the United States and an economy that remains largely open may be tested in coming weeks if face mask mandates and other lighter-touch measures fail to control the crisis. U.S. infections of COVID-19 are growing by more than […]
TAIPEI: The US and Taiwan are stepping up cooperation in a newly created economic dialogue, in another move from the outgoing Trump administration to increase official exchanges with the self-ruled island. The two sides signed a five-year agreement establishing the US-Taiwan Economic Prosperity Partnership Dialogue, which is meant to be […]
WASHINGTON: Washington is poised to designate four more Chinese companies as backed by the Chinese military, sources said, curbing their access to US investors as the Trump administration seeks to cement its hawkish China legacy in its waning days. The designations, which have not been previously reported, could be released […]
SYDNEY : National Australia Bank (NAB) said today it had temporarily closed all its branches and attached offices due to a “physical security threat”, but did not give further details. Australia’s second-biggest lender said it was working with police and is inspecting all of its branches and commercial offices to […]