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...
Volvo Car Group announced on Monday that they've entered into a joint venture with Swedish battery maker Northvolt for the development of sustainable batteries that will be installed in its electric vehicles. As a result of this deal, Northvolt will become Volvo's exclusive battery cell production partner in Europe.
This...
The Ohio-based Lordstown Motors Corp. officially announced the resignation of two members of its executive leadership team on Monday. Both Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez decided to depart from their roles with immediate effect.
Prior to the revelation of Burns and Rodriguez's departures, the...
Saudi Arabian hospitality companies Taiba Investment Co. and Dur Hospitality Co. are currently in talks over a potential merger to combine their companies, with the new company expected to be worth a market value of $2.4 billion.
While Dur Hospitality Co. specializes in operating restaurants, vacation resorts, and housing compounds...
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...
With Germany opening vaccinations to all sectors of the population, the German government has acknowledged the lasting economic effect that the pandemic has had on local businesses, deciding to extend its economic aid to companies that have been damaged by the coronavirus pandemic until the end of September.
Originally revealed...
Several sources confirmed on Wednesday that Saudi oil group Aramco is currently engaged in talks with multiple banks for the issue of a U.S. dollar-denominated bond. This sale is being sought in order for Aramco to raise money ahead of some major commitments that have been made to its...
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...
Japanese shares rose significantly on Friday morning following the advancements in the country's vaccination rollout which is paving the way to a smooth economic recovery. As a result, investors moved to scoop up stocks that had previously been sold off due to the wavering economic uncertainty in the previous...
In an effort to propel its fundraising efforts, UAE-based oil firm Adnoc raised $1.64 billion through the sale of stocks and bonds to institutional investors. In an announcement by Abu Dhabi’s state oil firm, the deals were completed on Wednesday and saw "significant demand" from both regional and international...