An Israeli health official revealed on Sunday that Israel is currently in talks with several other countries over plans to redistribute some of its surplus stock of COVID-19 vaccines. The doses, developed by vaccine makers Pfizer and BioNTech, are due to expire by the end of the month.
Hezi Levi,...
Senior Argentinian officials revealed recently that the South American nation is expected to amend existing legislation in order to enable the government to accept COVID-19 vaccines that are to be donated by the United States. Some of the legal clauses that are expected to change include those pertaining to...
Vehicle-for-hire company Didi Global Inc. experienced a 7% decline on the New York Stock Exchange on Friday following a Chinese government decision to launch a cybersecurity review of the company. As a result, Didi, which only started trading publicly on Wednesday, fell to a value of $15.26 per share.
The...
BMW emphasized its concern regarding the ongoing global chip shortage recently, explaining that the excessively low supply could result in further lost production within the car industry. The German automaker also mentioned that there is little likelihood that supply will increase in the later stages of 2021.
As a result...
Saudi Arabia revealed plans for the development of its new national airline targeting international travelers, thereby gearing up to compete head-to-head with existing Middle Eastern rivals Emirates and Qatar Airways. According to two sources familiar with the matter, the new airline is expected to provide all new international flight...
After raising $415 million from a group of investors led by SoftBank Group Corp.’s Vision Fund 2, Dubai-based startup Kitopi has skyrocketed to unicorn status, with the company's valuation exceeding $1 billion.
Following news of the startup's fundraising success, Kitopi Chief Executive Officer Mohamad Ballout explained in an interview that, "We...
COVID-19 vaccine maker Moderna is looking to deliver its shipment of vaccines promised to Germany earlier than expected, Dan Staner, its European head, stated on Thursday. The biotech firm is aiming to deliver 80 million doses by the end of 2021, a figure that is in line with the...
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...