PARIS: Pharma giants Sanofi and GSK will receive up to US$2.1 billion from the US government for the development of a COVID-19 vaccine, the companies said on Friday (Jul 31), as the world scrambles for an answer to the pandemic. At the same time, the European Union said it had […]
Business
FILE PHOTO: A closed barber shop is shown during the outbreak of the coronavirus disease (COVID-19) in Encinitas, California, U.S., July 30, 2020. REUTERS: U.S. states hit hardest by COVID-19 had some of the biggest jumps in small business loan defaults since the onset of the pandemic, and some […]
Facebook Inc raised its settlement offer by US$100 million to US$650 million related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent, the company said on Friday. REUTERS: Facebook Inc raised its settlement offer by US$100 million to US$650 million […]
Microsoft Corp could re-energize its advertising business with a huge supply of video if it follows through on acquiring TikTok’s U.S. operations from ByteDance. OAKLAND, Calif.: Microsoft Corp could re-energize its advertising business with a huge supply of video if it follows through on acquiring TikTok’s U.S. operations from ByteDance. […]
The White House is preparing to force Chinese internet giant ByteDance to shed the U.S. operations of TikTok, as potential buyers, including Microsoft Corp , are already in talks to buy the popular short video app, people familiar with the matter said on Friday. NEW YORK/WASHINGTON: The White House is […]
MUMBAI: India’s Tata Motors on Friday (Jul 31) reported a major quarterly loss as coronavirus lockdowns hit sales in domestic and international markets including Europe and China. Mumbai-headquartered Tata Motors, the parent of British luxury marque Jaguar Land Rover (JLR), announced a consolidated net loss of 84.39 billion rupees (US$1.13 […]
The U.S. Justice Department has closed its antitrust investigation into the London Stock Exchange Group’s acquisition of financial markets data firm Refinitiv, saying it would not harm competition or American consumers, the bureau said in a statement on Friday. WASHINGTON: The U.S. Justice Department has closed its antitrust investigation into […]
Alphabet Inc’s Google said on Friday that 20 U.S. states and territories, representing about 45per cent of the country’s population, are “exploring” contact tracing apps for the novel coronavirus using a tool it developed with Apple Inc . OAKLAND, Calif.: Alphabet Inc’s Google said on Friday (Jul 31) that 20 […]
REUTERS: Apple Inc’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock surged to as high as US$412.22 a share, putting its market capitalisation at US$1.762 trillion, according […]
WASHINGTON: President Donald Trump was preparing an order requiring the fast-growing social media app TikTok to be divested from its Chinese parent firm on national security grounds, media reports said on Friday (Jul 31). The Wall Street Journal and Bloomberg reported Trump was set to order the sale of TikTok’s […]