The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the conflict zone as airlines, lessors and manufacturers face up to growing risks of doing business with Russia. Alaska’s Anchorage Airport, a popular refueling hub for long-haul flights when Western airlines were unable to access Russian […]
Reuters
U.S. stocks ended sharply higher on Thursday, led by a three percent gain in the Nasdaq, in a dramatic market reversal as U.S. President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine. The S&P 500 rose more than one percent, ending a four-day slide amid worries over […]
Moderna Inc on Thursday projected higher vaccine sales for the second half of the year as it sees COVID-19 becoming a flu-like endemic illness, prompting people to take regular shots. The company expects $19 billion in sales of its vaccine this year from $18.5 billion previously and said talks were ongoing for vaccine orders in […]
China’s Tencent Holdings Ltd said on Thursday it plans to have its operations and supply chain achieve carbon neutrality by the end of the decade. The company, whose businesses range from messaging app WeChat to games and cloud-based services, is also committing to using green power for 100 percent of its electricity use by 2030. […]
Large chip companies so far predict limited supply chain disruption from the Russia-Ukraine crisis, thanks to raw material stockpiling and diversified procurement, but some industry sources worry about the longer-term impact. One of the worst security crises in Europe in decades is unfolding, with Russian President Vladimir Putin on Thursday authorising a military operation in […]
Moderna Inc said on Tuesday it had begun a late-stage study of its vaccine for Respiratory Syncytial Virus (RSV) based on the same technology used to develop its COVID-19 shots. The only approved product using messenger RNA (mRNA)is COVID-19 vaccine, but Moderna and rival Pfizer are rushing to tap the potential of the technology to […]
At an ad industry conference in New York this month, one of the key architects of Spotify’s podcasting strategy outlined what she saw as the biggest challenge facing platforms: how to moderate content. Chief Content and Advertising Business Officer Dawn Ostroff, the television veteran who had helped bring U.S. podcaster Joe Rogan and other top […]
European shares ended flat on Tuesday as gains in auto and travel shares were offset by geopolitical risks, with some Western countries imposing sanctions on Russia after it ordered troops into two breakaway regions of eastern Ukraine. The pan-European STOXX 600 index was flat, with automakers, travel stocks and technology shares the top gaining sub-indexes, […]
Oil giant Saudi Aramco is in talks with partners in China about further investments in the country, CEO Amin Nasser said on Monday. “China is an important part of Aramco’s base,” Nasser told reporters on the sidelines of a conference in Saudi Arabia. “And we are currently in discussions with a number of our partners […]
The United States Navy and security partners will patrol Middle East waters with 100 unmanned vessels next year to improve deterrence against attacks, like those presented by Iran, the U.S. Fifth Fleet commander said on Monday. The region is vital for global trade, especially oil supplies that flow out of the Gulf via the Strait […]