In a stinging rebuke to pharma giant AstraZeneca Wednesday, the European Union announced plans to negotiate a massive contract extension for Pfizer-BioNTech’s COVID-19 vaccine insisting the 27-nation bloc had to go with companies that had shown their value in the pandemic. “We need to focus on technologies that have proven their worth,” said EU Commission […]
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Global consumer confidence soared to record heights in the first quarter of 2021, according to The Conference Board: Global Consumer Confidence Survey, as vaccination campaigns broadened, travel restrictions loosened, and governments and central banks continued to provide robust economic stimulus. These factors are contributing to various geographic regions returning to a “state of normalcy sooner” including increased spending […]
Global financial services company Mastercard, and Geidea, the largest fintech company in Saudi Arabia by market share, announced earlier this week a strategic partnership agreement to accept Mastercard payments using a Tap-on-Phone solution in Saudi Arabia. Geidea is the first fintech company to roll out contactless payments acceptance technology across the Kingdom, which will enable […]
A large majority of CFOs around the world are planning to expand operations into new countries in 2021 to achieve their long-term growth strategies, according to a recent survey by CFO Research and Globalization Partners. The survey also uncovered changing perceptions about hiring and remote work because of their pandemic experiences, with respondents saying they […]
The UAE’s Telecommunications and Digital Government Regulatory Authority (TDRA) announced on Monday a new brand identity that reflects its organization of the telecoms sector. The announcement – which was made in a virtual press conference – is in line with a decree published in September 2020 including the addition of the “digital government” to its […]
Uber is offering sign-up bonuses and other incentives for drivers as it faces record demand for rides and meal delivery. The San Francisco ride-hailing company said Monday that total monthly bookings, including food delivery and passenger service, reached an all-time high in March. In a government filing, the company said demand for ride-hailing, which plunged […]
As global vaccination regimes and stimulus programs begin to hit beleaguered populations, the worldwide economy licks its wounds and readies up for acceleration, following the profound halt caused by the pandemic. According to the International Monetary Fund (IMF), both factors mentioned will push growth to a record high this year in a powerful rebound from […]
A top official at the European Medicines Agency says there’s a causal link between AstraZeneca’s coronavirus vaccine and rare blood clots, but that it’s unclear what the connection is and that the benefits of taking the shot still outweigh the risks of getting COVID-19. Marco Cavaleri, head of health threats and vaccine strategy at the […]
Riders for the app-based meal delivery platform Deliveroo held a strike in London Wednesday over pay and working conditions, part of a broader backlash against one of the U.K.’s biggest gig economy companies. Scooter and bicycle delivery riders waving flags and red smoke flares rode through the streets of Central London. Socially distanced protests were […]
Over the course of the past year, health has been nudged into the limelight due to the rampant spread of the COVID-19 pandemic, as it commanded the global news cycle on a daily basis. But while the worldwide economy suffered, the ripple affect caused by the screeching halt of in-contact interactions, many looked at this […]