Business & Finance - 2021-01-12
Google launches $3mn fund to fight vaccine misinformation

Google launches $3mn fund to fight vaccine misinformation

  • The "COVID-19 Vaccine Counter Misinformation Open Fund" aims to support journalistic efforts to effectively fact-check misinformation about the COVID-19 immunisation process.
  • While the COVID-19 infodemic has been global in nature, misinformation has also been used to target specific populations.
Published 12 Jan, 2021 09:13pm
Sanofi's standalone drug ingredients business to be called EUROAPI
Companies

Sanofi's standalone drug ingredients business to be called EUROAPI

  • The company signalled last February it intended to carve out its active pharmaceutical ingredients business, which provides biologically active components for drugs.
  • Sanofi said it expected the new company, which will be based in France and have 3,200 staff, to have sales of around 1 billion euros ($1.2 billion) by 2022.
Published 12 Jan, 2021 09:10pm
Lenovo to issue CDRs worth 10pc of shares outstanding on STAR market
Stocks

Lenovo to issue CDRs worth 10pc of shares outstanding on STAR market

  • It would seek a specific mandate from shareholders to issue up to 1.34 billion shares or 10% of shares in issue.
  • The Beijing-based company said it intends to use the proceeds from the issuance for research and development of new technologies, products and solutions, among others.
Published 12 Jan, 2021 08:59pm
India's Bharat Biotech to supply its COVID-19 vaccine to Brazil
Companies

India's Bharat Biotech to supply its COVID-19 vaccine to Brazil

  • India's drug regulator has given emergency use approval to Bharat Biotech's COVAXIN, as well as to AstraZeneca and Oxford University's Covishield vaccine.
  • Bharat Biotech said it has signed an agreement with a Brazil-based pharmaceutical seller, Precisa Medicamentos, to supply COVAXIN.
Published 12 Jan, 2021 08:55pm
Italian BTP yields jump on political uncertainty fears
Financial

Italian BTP yields jump on political uncertainty fears

  • Italy's 10-year bond yield was up 8.5 basis points at 0.629%, after hitting its highest since Dec. 2.
  • Some headlines are weighing heavily on Italian government bond prices. Market is worried about any development that could lead to a euro-sceptic policy in Italy.
Published 12 Jan, 2021 08:53pm
GM to launch BrightDrop electric delivery vehicle business
Companies

GM to launch BrightDrop electric delivery vehicle business

  • The move will put GM squarely in competition in the commercial sector with crosstown rival Ford Motor Co as well as startups such as Rivian, Arrival and Canoo.
  • Barra introduced BrightDrop in an online keynote address at the annual tech and gadget show CES.
Published 12 Jan, 2021 08:37pm
Britain's John Lewis suspends click & collect due to COVID-19
Industry

Britain's John Lewis suspends click & collect due to COVID-19

  • The department stores' in-home services and installations teams will also only carry out a significantly reduced range of activities in customers' homes.
  • The partnership's Waitrose supermarket chain has also followed rivals in making the wearing of face coverings by customers mandatory.
Published 12 Jan, 2021 08:35pm
No mask, no shop - UK supermarkets insist on face coverings
Industry

No mask, no shop - UK supermarkets insist on face coverings

  • With COVID-19 infection numbers rising sharply, the UK government has expressed concern about the spread of the virus in supermarkets.
  • To protect our customers and colleagues, we won't let anyone into our stores who is not wearing a face covering.
Published 12 Jan, 2021 08:29pm
Yields highest since March before 10-year auction
Financial

Yields highest since March before 10-year auction

  • Investors are watching to see if the recent rise in yields will lure buyers to today's $38 billion sale of 10-year notes.
  • The Georgia Senate run-off elections really changed the landscape for the outlook pretty significantly as there is now potentially very significant additional stimulus.
Published 12 Jan, 2021 08:28pm
Renault 2020 sales slump on pandemic

Renault 2020 sales slump on pandemic

  • Renault continued to dominate the European electric car market last year with sales of 115,888 vehicles, up more than 101 percent.
Published 12 Jan, 2021 05:40pm
Volkswagen brand 2020 sales drop but recovery seen in Dec
Companies

Volkswagen brand 2020 sales drop but recovery seen in Dec

  • Volkswagen said it had seen sales recovering in December compared to previous months, rising by 19.5% in western Europe and 14.7% in North America.
  • We are well on the way to achieving our goal of becoming the market leader in battery electric vehicles.
Published 12 Jan, 2021 05:34pm
IMF says board approves $487.5mn disbursement to Angola

IMF says board approves $487.5mn disbursement to Angola

  • Angola's finance minister, Vera Daves de Sousa, told the Reuters Next conference on Monday that she expected more than $700 million in the next IMF tranche after securing three years of payment relief from Chinese creditors.
Published 12 Jan, 2021 02:08pm