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Bank of England: UK households to face £33 billion annual economic hit
Bank of England has reportedly stated that United Kingdom will face an £33 billion hit to the economy annually post COVID-19 outbreak. Changes in people’s lifestyle due to the pandemic has resulted in structural shifts in the economy which can have a long term impact on the employment... Read More
UNICEF announces leading procurement & supply of COVID-19 vaccines
In midst of the burgeoning COVID-19 cases globally and increasing demand for vaccines by various central governments, the good news that is currently doing rounds is UNICEF’s decision of leading the procurement and supply process of coronavirus vaccines all across the globe. Ever since the ... Read More
Sydney share-trading firm Superhero secures over $8 million in capital
Superhero, an emerging Sydney-based share trading startup, has reportedly made its entry into the market with over $8 million in capital secured from some of Australia’s largest tech firms. The $8 million investment round was led by the chief and founder of BNPL fintech firm, Zip, Larry Dia... Read More
Hanmi Pharma’s Oraxol receives priority review designation from US FDA
Hanmi Pharmaceuticals, a renowned South Korean pharmaceutical firm, has reportedly announced that its new oral anticancer drug, Oraxol, has been assigned the priority review designation by the United States Food and Drug Administration (US FDA). Speaking on the same, Athenex, partner of Hanmi sta... Read More
Lewis Road to sell milk with added collagen due to healthy food demand
New Zealand-based dairy company Lewis Road Creamery is reportedly planning to add collagen in its fresh milk products in order to cater to the growing functional food demand. As per the trusted sources, the company will acquire collagen from Jeuneora, a company that specializes in producing premi... Read More
United Airlines waives off ticket-change fees for domestic flights
Reportedly, United Airlines announced to permanently waive off the fees required to change domestic flights. The pandemic has caused negative impact on air travel, hence such big bet by the company on making flexible policy is likely to attract customers looking for affordable travel options. ... Read More
Sony creates signup page for customers to pre-order PlayStation 5
Sony, a multinational conglomerate corporation, has reportedly opened a signup page for customers to pre-order its highly anticipated PlayStation 5. As per reliable sources, the existing customers can make the pre-order reservation through the signup page, where the company will select them on th... Read More
Biotech company Brii on the verge of considering Hong Kong IPO
Brii Biosciences, a biotechnology establishment focusing on treatment for HIV, COVID-19, and the like, is reportedly considering an IPO in Hong Kong somewhere around Q1 2021. The company has been working to liaison with investment banks on the potential initial public offering, through which the fir... Read More
Delta plans to furlough nearly 2,000 pilots by the end of October
U.S.-based airline, Delta Air Lines, Inc., has recently announced that it intends to furlough 1,941 pilots by the end of October. The decision comes amidst the COVID-19 crisis where the company as well as the entire industry is struggling to keep up with mounting financial losses. With the CARES ... Read More
US energy firms shut 57.6% of crude oil production due to storm threat
Energy firms in the Gulf of Mexico in the U.S. have reportedly shut 57.6% or 1.07 BPD (barrels per day) of their offshore crude oil production. As per the recent statement made by the U.S. government, the crude oil production has been temporarily shut due to the formidable twin-threats arising from ... Read More