Asian shares were mostly higher on Tuesday after a worldwide slump for financial markets spurred by worries about how badly the omicron variant, inflation and other forces will hit the world economy. Tokyo gained nearly 2% and other benchmarks in Asia also were higher. Much of the concern over the outlook has been driven by […]
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Covid-19 vaccine-making veteran Moderna seems unfazed by the emergence of the Omicron variant, saying that they can begin work on developing a booster short within a couple of weeks, according to Chief Executive Stephane Bancel. “It only needs minor adjustments for Omicron, I don’t expect any problems,” said Bancel in an interview with the Swiss […]
After losing appeals for being delisted from the New York Stock Exchange (NYSE), state-owned operator, China Mobile Ltd. revealed intentions of raising $7.64 billion in a Shanghai listing on Tuesday. The move will mark the largest equity fundraisings for 2021 and came due to the NYSE decision to adhere to an investment blacklist presented by […]
Voi raises $115m in an oversubscribed new financing round from investors led by the Raine Group and VNV Global, after a record year for operations Voi has now raised $430m in total since it was founded three years ago. New financing package brings total 2021 fundraising to $160m Voi’s mission is to provide a multi-modal transport […]
U.S.-based telcos Verizon, AT&T, Intrado, and Lumen Technologies, reached a settlement with the Federal Communications Commission (FCC) over probes into a series of failed 911 calls throughout 2020’s network outages. According to the FCC’s compliance settlement documents, the operators will collectively pay a $6 million fine, all while consenting to secure compliance with the Commission’s […]
Apple’s iOS 15 update brought users new and improved applications and features befitting their modern userbase. From tools to help you stay focused to more convenient and intelligent search, better privacy features, search engine and maps experience. All in all, Apple is spearheading the future user experiences on their devices, and with the newest iOS […]
Software maker Oracle is buying electronic medical records company Cerner in an all-cash deal valued at about $28.3 billion. Oracle will pay $95 per Cerner share and the deal is expected to close next year. Hospitals and physicians offices use Cerner software to record and share health and medical data. The companies said Monday that […]
In a unique move, the Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for cryptocurrencies and other virtual assets, the Dubai Media Office said on Monday, part of efforts to attract new business as regional economic competition heats up. The statement said that those efforts come as part of a drive-by […]
A week after removing its listing from Hong Kong Stock Exchange, Chinese Artificial Intelligence (AI) startup, SenseTime Group, relaunched its $767 million initial public offering (IPO) on Monday. The company pulled out its offering amidst escalating geopolitical tension between China and the U.S. after Washington accused the firm of creating facial recognition tools to identify […]
E-commerce giant Alibaba eased its financial backers during its annual Investors’ Day on Friday as the company maintained its rise and is seeking to explore operational environmental sustainability goals by 2030. Over the past year, the Chinese titan has been fighting off a bundle of challenges directed at it, be it regulatory or in-house challenges, […]