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Sputnik V vaccine is 92% effective against coronavirus, says Russia
Russia’s Sovereign Wealth Fund on Wednesday stated that its Sputnik V COVID-19 vaccine is 92% effective at safeguarding people from getting infected with coronavirus, as per the interim trial results. The Russian government reportedly announced this metric as it rushes to keep up with the West... Read More
UK to impose a complete ban on online junk food advertisements
The UK government has reportedly announced that it plans to impose a complete ban on the advertising of junk food online, the harshest digital marketing restriction across the globe, in an effort to tackle the increasing obesity crisis in the country. While the move has been welcomed by the count... Read More
Apple Puts Pegatron on Probation for Violating its Code of Conduct
Apple announced that it has put Pegatron, its Taiwanese supplier, on probation after it detected that the company has violated the tech giant’s supplier code of conduct by making student employees work overtime and in night shifts. Pegatron had falsified paperwork and missorted student work... Read More
Ant Group’s stalled IPO could reduce its valuation by USD 140 billion
Ant Group, the highest valued financial technology company, may reportedly face a loss of around USD 140 billion in valuation after its massive stock debut was halted by the Chinese government. If Ant Group’s USD 280 billion pre-IPO valuation is reduced, the company would essentially be les... Read More
Delays impact Oxford/Astra vaccine production for U.K. supply
The United Kingdom is struggling to stock up on supplies of Oxford University/AstraZeneca’s COVID-19 vaccine, a top UK government official has said. Kate Bingham, UK Vaccine Taskforce chair stated that the aim of 30 million vaccines by September hadn’t been achieved and she anticipate... Read More
China halts world’s largest IPO, citing major regulatory issues
As per the latest news, China has suspended the USD 37 billion listing of Ant Group, which had been planned to be the world’s largest Initial Public Offering (IPO), one day after regulators grilled the company’s top executives including Jack Ma, who is the founder of the company. Chin... Read More
Twitter’s CEO Jack Dorsey survives scrutiny from activist Investor
Shortly after Twitter Inc.’s board of directors commenced its search for a new chief executive officer in March, the company said it would only allow someone willing to commit to the job full time. It was a clear message to Twitter’s interim chief executive, Jack Dorsey, that he would ha... Read More
Rockstar Games Keeps Fans Waiting for the Launch Date of GTA 6
Rockstar Games, an American video game publisher, is going to make the gaming enthusiasts wait for the biggest announcement of the GTA 6 release date for PS5 and Xbox Series X. Going by the recent reports, it might take another year before any confirmed news about the game’s release. The ru... Read More
Advertisers to spend almost £700 million less than last Christmas
Advertisers are reportedly cutting their marketing budgets by more than £700 million in the festive-themed virtual running event, the run-up to Christmas. The COVID-19 pandemic has put paid to the big-budget extravaganzas that have historically bombard the general public in the festive season.... Read More
TikTok announces plans to hire 3,000 engineers to expand globally
Despite being under attack from the Trump Administration’s US ban, it seems that TikTok has not given up on its global expansion plan. As per the latest news, the Chinese video-sharing social networking giant is planning to recruit about 3,000 engineers over the next three years across Canada,... Read More