Business News

Moderna gets emergency approval from FDA for phase 2 trial of its coronavirus vaccine candidate

Moderna plans to begin the phase 2 clinical trials with 600 participants soon and the phase 3 trials as early as this summer

May 7, 2020

By R. Ghosh

Coronavirus

King Salman bin Abdulaziz Al Saud of Saudi Arabia

Saudi Arabia to emerge stronger after oil rout? Not if demand plunge accelerates Peak Oil

Saudi Arabia increased budget spending sharply for many years until the oil bull run ended in 2014. This led to a steep rise in the country's fiscal break-even oil price.

May 7, 2020

By Jacob J

Coronavirus

Hispanics hit the hardest due to Coronavirus crisis; twice as likely as whites to lose their jobs

Hispanics and blacks are dying and being laid off at a higher rate than whites during the coronavirus pandemic

May 7, 2020

By Bharat Sharma

Coronavirus

Philippines witnesses recession as Coronavirus shuts down economy

The deadly virus outbreak has created a major stir around the world and has spread to over 170 countries

May 7, 2020

By IBTimes SG Desk

Coronavirus

Oil falls to below $30/bbl as glut grows, output cuts eyed

The federal government of Germany and 16 states have agreed on ways to relax the lockdown imposed due to the Coronavirus crisis

May 7, 2020

By Reuters

Coronavirus

Survey: China managed coronavirus epidemic most efficiently; US, Europe in bottom of heap

The survey ranked 23 countries on four indicators -- national political leadership, corporate leadership, community and media.

May 7, 2020

By Shubhangi Shah

Coronavirus

Coronavirus: Sanofi reportedly enrolling thousands of volunteers for Covid-19 vaccine trials

Sanofi had earlier said that it could produce 600 million doses of coronavirus vaccine by 2021 if clinical tests succeed

May 7, 2020

By R. Ghosh

Coronavirus

Shanghai Disneyland now open for all its visitors

Disney to reopen Shanghai Disneyland on May 11 after taking $1 billion hit due to coronavirus

Shanghai Disneyland was also the first Disney theme park to close on January 24 following the Covid-19 outbreak

May 6, 2020

By R. Ghosh

Coronavirus

Coronavirus crisis: These platforms are emerging as new economy booster for China

Since the nationwide lockdown affected China's economy, there are new opportunities which are emerging as a booster for the country's economy

May 6, 2020

By Bhaswati Guha Majumder

Coronavirus

How struggling tourism small businesses in APAC are coping with Coronavirus pandemic

The deadly virus outbreak has created a major stir around the world in recent times claiming the lives of more than 250,000 people worldwide

May 6, 2020

By Mario Manlupig, Jr

Coronavirus

Russian oil output falls near to OPEC+ target - sources

Together with gas condensate, or light oil, which is not part of Russia's aim, the nation's output was 9.5 million bpd for May 1-5

May 6, 2020

By Reuters

Indonesia's consumption might shrink in second, third quarters due to Coronavirus curbs: FM

The deadly virus outbreak has created a major stir around the world in recent times claiming the lives of more than 250,000 people worldwide

May 6, 2020

By IBTimes SG Desk

Coronavirus

US airlines brace for negative cash balances and eventual bankruptcy

The Aerospace Industries Association has decided to seek government support to prevent the airlines from going belly up

May 6, 2020

By Jacob J

Coronavirus

microsoft new standards of safe windows 10 pc

Microsoft invests $1 billion in cloud business in Poland; to come up with new datacenter

The new cloud datacenter region in Poland joins Microsoft's global footprint which now expands to 59 regions

May 6, 2020

By R. Ghosh

Coronavirus Amazon prime

Starbucks Caramel Cocoa Cluster Frapuccino

Coronavirus: Starbucks to reopen 85% cafes in US by end of the week but with major changes

Starbucks, which had closed all its cafes on March 22 due to stay-at-home restrictions, plans to open more than 90% of its cafes by early June

May 5, 2020

By R. Ghosh

Coronavirus

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