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Relief Therapeutics, NeuroRX get US FDA nod to start coronavirus trial

30-03-2020

On Sunday, Swiss Relief Therapeutics alongside a US-Israeli pharmaceutical NeuroRX said in a statement that the US FDA (Food & Drug Administration) had approved their submission to formally begin a mid-stage trial of Aviptadil

South Africa announces tax relief for virus-hit businesses

30-03-2020

On Sunday, the National Treasury of South Africa had issued a statement saying that it had implemented a new tax subsidy of $28 or 500 South African Rand per month for each workers to their employers for the next four months

Cupertino iPhone maker Apple works with Washington to release Covid-19 app, website

30-03-2020

Apple Inc. has been working should-to-should with the Trump Administrations alongside other federal agencies in order to release a website and an application dedicated to offer real-time guidance from the US CDC

Rosneft sells Venezuelan asset to Russia as Washington stiffens sanctions on Caracas

29-03-2020

On Saturday, the 28th of March 2020, the Moscow-based Russia’s largest petroleum refining and extraction company, Rosneft, had issued a statement saying that the Russ oil giant had suspended its operation in Venezuela

Amazon entices warehouse employees to grocery units with higher pay offs

29-03-2020

Amazon.com Inc. as been working out a proposition of higher pay off of its own warehouse employees to pack and pick food grocery items over the narratives of a growing demand

California’s Google parent Alphabet to donate $8bn in response to Covid-19 crises

29-03-2020

Alphabet Inc. CEO Sundar Pichai said in a statement that the parent organization of the world’s No. 1 internet service provider, Google LLC., would lay off a hefty sum of $800 million aimed at battling past the coronavirus pandemic

ECB tells bloc’s banks to skip dividends as coronavirus hits core of economy

28-03-2020

On Friday, the 27th of March 2020, as a consequential repercussion of the coronavirus pandemic which has been pouring fresh scorns over the eurozone economy, the European Central Bank had ordered the bloc’s lenders to stall dividends

British PM Johnson infected with coronavirus, remains self-isolated in Down Street

27-03-2020

UK PM Boris Johnson, 55, who was experiencing mild coronavirus symptoms such as persistent cough and a high fever, yet attended a Q&A session in the UK House of Commons, had been diagnosed coronavirus positive on Thursday

Coronavirus crisis could destroy far more than 25 million jobs, says ILO official

27-03-2020

On Thursday, the 26th of March 2020, a senior official of International Labour Organization said that the number of job losses due to the coronavirus pandemic could be “much higher” than a previous estimate of 25 million a week earlier

US chipmakers seek Washington’s permission to work amid coronavirus pandemic

26-03-2020

On Wednesday, the 25th of March 2020, an industry body representing a number of major US chipmakers such as Intel Corp. and Micron Technology Inc. said that it had been in advanced stage talks with federal officials to resume operations

Seattle retailer Amazon.com Inc. pauses merchant loan repayment amid coronavirus

26-03-2020

On Wednesday, the 25th of March 2020, the Seattle, Washington-based world’s largest online retailer Amazon.com Inc. had issued a statement saying that the retailing industry megalith had temporarily halted its sellers’ loan repayment

Atlanta beverage maker Coca-Cola to suspend production in India amid lockdown

25-03-2020

On Tuesday, the 24th of March 2020, Indian arm of Coca-Cola Co. had issued a statement saying that it had momentarily cancelled its production line in the South-east Asia’s largest financial HubSpot, India

Oregon footwear maker Nike beats estimate, as strong US, EU sales offset China drop

25-03-2020

On Tuesday, the 24th of March 2020, the Eugene, Oregon-based American multinational footwear manufacturer had beaten Wall St. estimates for its third quarterly revenue of the year that ended on February 29th

Half of world’s airlines will go bankrupt in weeks unless bailout packages: IATA

25-03-2020

On Tuesday, International Air Transport Association (IATA) had urged Governments to speed up rescue packages as the world’s largest aviation industry trade body, IATA, had doubled up its projected losses to $250 billion in aviation industry revenues

Detroit carmaker GM seeks to build ventilators at Indiana plant to battle Covid-19

24-03-2020

On Monday, General Motors Co. had issued a statement saying that the carmaker had been studying the possibility of manufacturing ventilators under its JV with the Seattle-based bio-pharmaceutical company Ventec Life Systems at its Kokomo, Indiana plant

California’s Netflix, Facebook to slash European traffic to ease pressures on ISPs

23-03-2020

On Sunday, the 22nd of March 2020, the Los Gatos, California-based media streaming service pioneer, Netflix Inc. said in a statement that it would slash traffic by 25 per cent on its European networks

Washington Coronavirus aid includes $3,000 for families, $4 trillion for Fed: Mnuchin

22-03-2020

On Sunday, US Treasury Secretary Steven Mnuchin said that the coronavirus aid bill being prepared by the US Congress would contain a one-time pay off of $3,000 for US families and would proffer the US Fed up to $4 trillion in liquid asset

Brussels approves €300 billion in French state aid as coronavirus death toll surges

22-03-2020

European Union Commission said on Saturday, the 21st of March 2020, that the governing body of the ‘bloc’ had approved a stark sum of €300 billion under three French state aid schemes

Seattle retailer Amazon raises overtime pay for warehouse worker after Senators demur

22-03-2020

On Saturday, the 21st of March 2020, the Seattle-based world’s largest online retailer, Amazon.com Inc. had issued a statement saying that the e-commerce industry mammoth was going to raise overtime pay offs for its employees

McDonald’s suspends share buyback amid coronavirus, leaves dividend unchanged

21-03-2020

On Friday, McDonald’s Chief Executive said that the company’s management board had decided unanimously to postpone a slated share buyback program amid rising scepticisms over the financial repercussions of coronavirus pandemic

Georgia's Delta Air sees $10 billion hit in Q2 revenue, fleshes up credit line

21-03-2020

On Friday, the Atlanta, Georgia-based one of the major airlines in the United States, Delta Air Lines Inc., said in a statement that the airline’s second quarter revenue could witness a slump of up to $30 billion

Washington question Amazon on coronavirus safety at warehouses

21-03-2020

On Friday, Four Democratic US Senators had sent a letter to Amazon Chief Jeff Bezos saying that the Seattle-based online retailer had been failing to provide its warehouse workers with sufficient support to deal with the Coronavirus outbreak

Swedbank hit with record $3.86 billion fine on Baltic money-laundering breaches

21-03-2020

Late on Thursday, the 19th of March 2020, Sweden’s financial regulators had hit the Stockholm-based Nordic-Baltic lender Swedbank with a whopping upsum of $3.86 billion in punitive measures

Californian ride-hailing pioneer Uber shares soar after CEO confirms large war-chest

21-03-2020

On Thursday, the 19th of March 2020, the San Francisco, CA-based ride-sharing pioneer, Uber Technologies’ shares’ prices spacedived as much as 44 per cent

Fed balance sheet hits record high; banks rush on to lending amid near-zero rate

20-03-2020

On Thursday, the 19th of March 2020, the US Federal Reserve had reached an all-time high of $4.7 trillion this week

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