Moderna sues Pfizer, claiming that their technology for COVID-19 vaccines was copied

28-08-2022
Moderna has filed a lawsuit against Pfizer and its business partner BioNTech for patent infringement in the development of a vaccine against the coronavirus.

US Dollar claws back amid upscaled volatility as Powell commits to fighting inflation

27-08-2022
US Dollar Index (DXY) measured against a basket of six major currencies had wrapped up the session higher as Fed’s Powell had committed to fight the inflation in a much-awaited Jackson Hall speech

Russia’s July oil and gas condensate output rose to 10.76mln bpd

27-08-2022
State-backed energy companies in Russia had witnessed a Newtonian upsurge at their oil and gas output last month

Ukraine celebrates its Independence Day on Wednesday

25-08-2022
Mourning but defiant, Ukraine celebrates its Independence Day on Wednesday – exactly six months after the Russian invasion. A new Ukraine has emerged and its strength is growing.

US new home sales slumped to 6-1/2 year low; long-term mortgage rates soar to 5.83%

25-08-2022
Sales of new US single-family homes had been slumped to six and a half years low last month

Rouble steadies near 60 versus Dollar as Yandex jumps after selling stakes

24-08-2022
Rouble held steady near 60 against its American counterpart, while Russian stock exchange has witnessed a maverick upward spiral as Yandex outperformed other tech peers

US Dollar rebounds as eurozone flash composite PMI falls below 50.0

24-08-2022
US Dollar Index (DXY) has clawed back sharply on Wednesday

The largest pension fund in the world in the minus 174 billion dollars

23-08-2022
The largest pension fund in the world, about 1.3 trillion dollars, recorded a negative return on investments.

Shares slip, dollar firms amid recession concerns

23-08-2022
On Monday, a swathe of US shares winded down the day in a downbeat tenure, while US Dollar gathered further momentum

The ECB believes inflation will continue to strengthen despite higher interest rates

23-08-2022
The monetary policy in the eurozone fails to curb the rampant prices, as the European Central Bank (ECB) admits.

The car giant must return more than 100,000 euros to the owner

23-08-2022
court in Munich ordered Tesla to compensate one owner for most of the 112,000 euros she paid.

They quit their jobs en masse looking for a permanent job

23-08-2022
More than a million French people quit their jobs.

Schneider Electric won the "Energy Efficient Solution of the Year" award

23-08-2022
Schneider Electric, a leader in the digital transformation of energy management and automation, won the "Energy Efficient Solution of the Year" award.

American stocks are slowly running out of their main fuel – business results

22-08-2022
Analysts from Wall Street increasingly doubt how profitable growth is sustainable.

Major Gulf bourses end lower amid oil weakness, inflation fears

22-08-2022
A basket of major Gulf bourses had wrapped up the session lower on Sunday

European shares end week lower amid recession frets

22-08-2022
A barrage of major European stock indices had wrapped the session lower on Friday

Rouble hits 4-week high versus US Dollar

22-08-2022
Russian Rouble had spiked to a fresh four-week high against its American counterpart on Friday

Wall St. ends higher as investors still assess Minutes from July Fed policy meet

22-08-2022
All three key indices of Wall St. had winded up the session in an affirmative territory on Friday

Buffet’s Berkshire receives nod to purchase 50% stake in Occidental

21-08-2022
Berkshire Hathaway has received a greenlight on Friday to purchase a 50 per cent stake in Occidental Petroleum

Oil falls over 1.5 per cent in the week amid recession fears

20-08-2022
US and UK crude oil futures’ prices took a hefty whiplash over the week

Dollar rose to five-week high by Fed rate hike forecasts

20-08-2022
US Dollar continued to rise on Friday and peaked to a fresh five-week high

Apple has warned users about a security flaw in iPhone, iPad and Mac devices

20-08-2022
Apple announced on Wednesday that it had discovered serious security flaws in its iPhones, iPads, and Macs and recommended that all users update their software to prevent a potential intrusion.

Turkey’s Central Bank cuts rate by 100 bps despite soaring inflation

20-08-2022
Central Bank of Turkey had slashed its benchmark borrowing cost by 100 basis points to 13 per cent

Euro Zone July inflation comes at 8.9 per cent year-on-year, core gauges edge higher

19-08-2022
Data from the EU’s statistics office had unveiled that the bloc’s inflation had peaked to a record high last month

NASA is preparing the SLS rocket for its first flight

18-08-2022
The American space agency NASA is preparing its huge rocket SLS (Space Launch System) for its first flight.