After the United States implemented an exemption on its current sanctions, Iran found a way to purchase coronavirus vaccines. And in due time, considering their country is experiencing the worst COVID-19 outbreak in the Middle East. The Iranian government looks to acquire 16.8 million vaccine doses from the World Health...
With Cenovus due to complete the acquisition of rival Canadian energy company Husky Energy Inc., the former is expected to significantly reduce its own costs, the company stated on Tuesday. The cost reduction process is set to include widespread retrenchment, potentially including up to 2,150 job losses. The energy company...
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...
With the likes of Pfizer and Moderna leading in the race to a coronavirus vaccine, AstraZeneca shares have dropped by 3% following the company’s announcement that its vaccine candidate has proven to be 70% effective. This figure is significantly lower than that of Pfizer and Moderna. In its phase 3...
U.S. President Joe Biden confirmed on Thursday that his administration is looking into forgiving some of the federal student debt in the near future. Biden said he is "taking a hard look" into this possibility but added that more information on the matter would be known in the coming...
With lawmakers currently in the process of debating whether or not to pass a stimulus package later this week, the direction that stocks on the NYSE are set to take remains uncertain. The three major indices each incurred their fairly balanced share of gains and losses on Wednesday, with several...
E-commerce giant Amazon recently told its corporate staff that they are expected to return full time, five days a week, starting on January 2, 2025. The decision apparently didn’t sit well with the workers, with the majority of them thinking about quitting their jobs, according to a survey conducted...
Insider sources have revealed that Wells Fargo & Co. has frozen its plans to provide top earners with raises due to the bank’s new leadership team’s focus on limiting costs. This decision will result in a halt to increases in the base pay for employees earning over $150,000 per...
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...
In a study conducted by CoreLogic, a financial data and analytics firm, it was found that the proportion of US homeowners who are at least four months behind on their mortgage payments has reached 1.4%, a 21-year record high. This figure is up 0.12% from July 2019, and is the...