With Reliance Industries Ltd. set to finalize its strategic alliance with Saudi Aramco later this year, the Indian conglomerate decided to appoint Aramco chairman Yasir Al-Rumayyan to its board. Al-Rumayyan, who also serves as the governor of the kingdom’s sovereign wealth fund, will operate as the independent director of Reliance....
Pakistani health minister Faisal Sultan announced on Tuesday that the country has concluded an agreement with Pfizer to secure 13 million units of the pharmaceutical company's COVID-19 vaccines. While the vaccines are expected to arrive before the end of 2021, there is no exact timeline for the rollout of...
Low-cost Norwegian airline Norwegian Air has taken the decision to appoint Chief Financial Officer Geir Karlsen as the company's new Chief Executive Officer, the company announced on Monday. The board of directors voted Karlsen into his new position on June 20th.
The vote took place after existing CEO Jacob Schram...
With India in the middle of a health crisis due to a rampant number of COVID-19 cases and deaths across the country, the government is in the process of granting foreign vaccine makers such as Johnson & Johnson, Moderna, and Pfizer protection against legal liability when distributing shots in...
Budget airline Wizz Air has warned of the high likelihood of further losses for the remainder of the current financial year. With the low-budget European carrier still reeling from the demand slump spurred on by the COVID-19 pandemic, Chief Executive Jozsef Varadi explained on Wednesday that the company is...
Following the surge of a new coronavirus variant detected in various counties across the region, several Southeast Asian markets are reeling from the crippling effects of the new outbreak. Currently, an array of new lockdown restrictions have been imposed, resulting in mass factory closures and a ramping up of...
Deliveroo Plc has hired former Amazon Inc executive Devesh Mishra as their new chief product and technology officer, the food delivery company announced early this week. Mishra will be tasked with overseeing Deliveroo's data science, design, engineering, and product development efforts, which form an integral part of the company's...
The U.S. Department of Labor released its weekly report on jobless claims this Thursday, with initial unemployment claims dropping to a new low since the start of the coronavirus pandemic. This improvement has been largely spurred by the return to in-person activities as more Americans are vaccinated and returning...
Colonial Pipeline, the largest pipeline system for refined products in the United States, paid a ransom of nearly $5 million to Eastern European hackers on Friday. This was after the hackers used ransomware to disable Colonial Pipeline's computer network.
According to the FBI, the hackers are linked to a...
