Business

Biden to announce vaccination plan, economic rescue package in evening address

Mr Biden , a Democrat, has promised to beat the virus that has so far killed more than 385,000 people in the US. "Next month, in my first appearance before a joint session of Congress I will lay out my "build back better" recovery plan", Biden said on Thursday.

Business

Twitter Says Employees Who Can Work From Home May Do So 'Forever'

Twitter was one of the first big tech businesses to allow staff to work remotely as the coronavirus pandemic hit Europe and the USA, advising its 5,000 employees around the world to work from home at the beginning of March . The last few months have been an unexpected test of that system, and Twitter says it has shown that it works. Employees can choose whether or not to come to the offices or if they wish to work remotely instead.

Business

WhatsApp faces first legal challenge in India over privacy

WhatsApp has become an important mode of communication among the citizens of India and is also being used to aid multiple governmental functions, the petition says. In a blogpost earlier this week , WhatsApp emphasised that it does not share users' contact lists or data of groups with Facebook for advertisement purposes.

Business

China 2020 exports up despite virus; surplus surges to $535 billion

Exports surged 18.1% in December over a year earlier to $281.9 billion. "China's exports grew in 2020, taking market share from other export-oriented economies". Increased inflows in December pushed full-year coal purchases to 303.99 million tonnes, the highest level on record, the data showed. Analysts in a Reuters poll had expected exports to grow 15% after a 21.1% jump in November.

Business

Visa, Plaid Scrap $5.3 Billion Deal Amid US Antitrust Suit

The US Department of Justice filed a suit to block the deal, declaring that the tie-up would stymie competition in the market and lead to a negative impact on choice and value for merchants and consumers. Set against the context of the coronavirus pandemic and the banking sector's rapid embrace of digital interaction, the startup's CEO and co-founder Zach Perret said "hundreds of banks" also joined the platform in 2020.

Business

European Medicines Agency asked to approve AstraZeneca-Oxford vaccine

Chief Medical Officer Professor Paul Kelly said the current Novavax Phase Three trial involving 30,000 participants in the United States was showing a "very strong performance" much "quicker" than expected. He also said that they will borrow an additional P1 billion to ensure that each resident will receive a free COVID-19 vaccine. The European Union and EMA are under pressure to speed up approval of new vaccines against the virus, which has already claimed more than 620,000 lives across ...


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