Fintech company Ideanomics revealed on Monday that it's pursuing the acquisition of VIA Motors International Inc in an all-stock deal worth approximately $630 million. As part of the deal, Ideanomics will be offering 62 million shares to shareholders of VIA Motors International, with the latter entity expected to own...
Terry Gou, the founder of major Apple Inc supplier Foxconn, has requested that vaccine maker BioNTech SE reserve an order of 30 million units of its coronavirus vaccine for Taiwan. According to Gou, Taiwan is very keen to receive vaccination doses from BioNTech, jointly developed with Pfizer. This comes...
Pfizer Inc. and BioNTech SE have announced that they are currently seeking approval for the release of their COVID-19 vaccine booster shot. The application is scheduled to be submitted by the end of this week.
Competitors such as Moderna and Johnson & Johnson are making inroads of their own with...
Israel Aerospace Industries (IAI) announced on Wednesday that it has closed a deal with Etihad Engineering to establish an aircraft conversion site in Abu Dhabi in the United Arab Emirates. The site will be used to convert Boeing 777-300ER passenger planes into cargo aircraft. This site, which will be operating...
AstraZeneca has secured an order from Thailand for the sale of 61 million of their COVID-19 vaccine doses this year, a spokesperson for the Thai government. This comes as the Southeast Asian country looks to combat a recent uptick in coronavirus cases that have affected the nation.
Despite being AstraZeneca's...
South Korea's health ministry confirmed on Sunday that it has secured an order for 7.01 million doses of coronavirus vaccines from Moderna Inc. This is in addition to the 1.3 million Moderna doses that were delivered to South Korea earlier this month.
The 7.01 million dose top-up comes after the...
As electric scooter rental company Bird Rides looks to go public, the company recently posted a narrower than expected second-quarter loss of $43 million. Revenue for the period skyrocketed up to pre-pandemic levels due to eased COVID restrictions in global markets.
The Los Angeles-based electric scooter provider is expected to...
Estee Lauder Inc announced its quarterly sales figures late last week, beating analysts' estimates. For the fourth quarter ending June 30, the cosmetics company generated net sales of $3.94 billion, a significant increase from its $2.43 billion in net sales the previous year.
With coronavirus restrictions gradually being eased, more...
The Saudi Arabian sovereign wealth fund, Public Investment Fund, decided to purchase a minority stake in Italian supercar maker Pagani, the latest move in the Gulf nation's attempt to enter the auto manufacturing space.
Founded by Italian-Argentine entrepreneur Horacio Pagani in 1992, Pagani has referred to the Public Investment Fund...
Chinese technology conglomerate Tencent Holdings Ltd. reported a 29% rise in profits during the second quarter, resulting in a net profit for the three months through June totaling 42.6 billion yuan. This profit far exceeds the average Refinitiv estimate of 34.4 billion yuan.
Total revenue for the period surged by...