Saturday January 29-th, 2022

Virgin Galactic spacecraft forced to abort test flight Virgin Galactic spacecraft forced to abort test flight

Passengers will sit in seats that move to manage G-forces in the different phases of flight - on the boost up to space and on the descent back to Earth. 'As we do with every test flight, we are evaluating all the data, including the root cause assess...

Market - Sensex trades up 175 points; Nifty above 13,500 level Market - Sensex trades up 175 points; Nifty above 13,500 level

It surged by 350 pts to 46,309.63, dayt high before closing at 46,099.01, up by 139.13 pts from its previous close. Similarly, the broader NSE Nifty rose 35.55 points or 0.26 per cent to 13,513.85. "This muted momentum was due to a weak global tren...

Britishvolt finalises site for $3.4bn battery factory in UK Britishvolt finalises site for $3.4bn battery factory in UK

Britishvolt will invest £2.6 billion in the project in Blyth, Northumberland, creating 3,000 jobs and reportedly representing the biggest investment in the North East of England since Nissan arrived in 1984. "Blyth meets all of our exacting requirem...

Vaccine developer AstraZeneca buys U.S. drug company for 39 billion dollars Vaccine developer AstraZeneca buys U.S. drug company for 39 billion dollars

Both boards have agreed to the cash-and-stock deal, which values Alexion at $175 a share, a premium of 45 per cent to the Boston-based company's closing price on Friday. Despite generating billions in cash from treatments such as Soliris, one of ...

V-shaped recovery of economic activity continues in Oct: CEA V-shaped recovery of economic activity continues in Oct: CEA

However, on a year-till-date basis, India is the worst performing among the G20 countries. Data put out by the government's statisticians showed that the index of industrial production (IIP) for the month of October climbed to 128.5 - its highest l...

Britain's navy to protect fishing waters in case of no-deal Brexit Britain's navy to protect fishing waters in case of no-deal Brexit

Fishing rights have been cited as one of the principal obstacles to the agreement of a Brexit deal, along with "level playing field" trading regulations and governance issues. According to the Times , ministers are set to beef up patrol powers b...

Mexico authorizes emergency use of Pfizer-BioNTech coronavirus vaccine Mexico authorizes emergency use of Pfizer-BioNTech coronavirus vaccine

A similar number of shots will be held back for those recipients' second dose, which is needed for full protection from Covid-19. "This vaccine gives us some glimmer of light at the end of the tunnel". The rate of severe allergic reactions following ...

Hyundai Set to Buy Boston Dynamics for a Lofty $921 Million Hyundai Set to Buy Boston Dynamics for a Lofty $921 Million

The Boston Dynamics acquisition will become the first buyout deal for Chung Euisun as Hyundai Motor Group's chairman since he assumed the chairmanship last October. SoftBank was able to turn at least one of Boston Dynamics' creations into a commerc...

FB Workers Don't Need Vaccine To Return To Work: Zuckerberg FB Workers Don't Need Vaccine To Return To Work: Zuckerberg

In December, Facebook vowed to remove false claims about COVID-19 vaccines. According to a report in The Daily Beast , the Facebook CEO said this during an all-hands meeting "when a Facebook employee asked about how the forthcoming vaccine will ...

'Sometimes You Trip': COVID Vaccine Is Abandoned

The mixed news on the vaccine front came as infections accelerated fast in North America and parts of Africa but started to stabilise in Europe and drop in Asia and the Middle East. USA biotechnology firm Moderna Inc. has also filed with the FDA fo...

United Kingdom says to drop retaliatory European Union tariffs on USA goods United Kingdom says to drop retaliatory European Union tariffs on USA goods

Emily Thornberry, Labour's Shadow International Trade Secretary, responding to the measure, said: "Liz Truss is unilaterally capitulating in a dispute caused in part by unlawful U.S. US and European officials are meeting at a senior level to resolve ...

Agricultural Reforms Will Increase Farmers' Income, Says PM Amid Protest Agricultural Reforms Will Increase Farmers' Income, Says PM Amid Protest

Prime Minister Narendra Modi on Friday hailed famous Tamil poet and freedom fighter Subramanya Bharathi's vision of independent and empowered women and said his government was inspired by it to ensure woman-led development. But protesting farmers i...

November Consumer Prices Up 0.2% As Energy Costs Rise November Consumer Prices Up 0.2% As Energy Costs Rise

Romania's consumer prices rose by 2.14% year-on-year in November, compared to 2.24% in October, the national statistical office, INS, said on Friday. Commenting on the implications of the latest CPI data, Ian Shepherdson at Pantheon Macroeconomics,...

Asian markets wary over stimulus, pandemic concerns Asian markets wary over stimulus, pandemic concerns

Democrat House Speaker Nancy Pelosi suggested wrangling over a spending package and coronavirus aid could drag on through Christmas. Meanwhile, British Prime Minister Boris Johnson warned the European Union on Wednesday it must scrap demands that...

Australia to reveal laws to make Google and FB pay for news Australia to reveal laws to make Google and FB pay for news

On Tuesday, Treasurer Josh Frydenberg and Communications Minister Paul Fletcher unveiled an attempt to wriggle out from between the most powerful tech giants in the world on one side, and News Corp and other media firms on the other, by unveiling a f...

Billionaire Brexiteer moves vehicle production from Wales to the EU

The Grenadier will enter production late next year and as part of the deal, Ineos will also continue to make the smart EQ fortwo vehicle and some Mercedes-Benz components totalling roughly 1,300 jobs at the site in France . The prominent Leave cam...

ADB predicts a less severe economic dip for Asia ADB predicts a less severe economic dip for Asia

Observing that the economy has begun to normalise, the Asian Development Outlook (ADO) Supplement said the second quarter contraction at 7.5 percent was better than expected. Fitch Ratings on Tuesday revised upward its GDP estimate for India to a c...

Nasdaq records worst day since October as tech stocks fall Nasdaq records worst day since October as tech stocks fall

The Dow Jones Industrial Average was down 9 points, or less than 0.1%, at 30,062, as of 9:58 a.m. In the corporate space, Airbnb priced its initial public offering at $68.0 per share, well above its target range, while Facebook was also in focu...

Britain signs free trade deal with Singapore Britain signs free trade deal with Singapore

Singapore is Britain's largest trading partner in Southeast Asia, and the British government said that the deal will "provide a gateway to Asia for United Kingdom businesses". Britain and the European Union are running out of time to reach an agreeme...

October job openings blip up to 6.7M but hiring slows

Last week, the Bureau of Labor Statistics (BLS) reported that, as of the middle of November, the economy was still 9.8 million jobs below where it was in February and job growth slowed considerably in November. That lowered the hiring rate to 4.1% ...

European Central Bank expands stimulus program, says it will continue to monitor exchange rate European Central Bank expands stimulus program, says it will continue to monitor exchange rate

Analysts agree the governing council will increase the €1.35 trillion ($1.63 trillion) Pandemic Emergency Purchase Programme (Pepp), most predicting a boost of around €500 billion. The ECB has said it will tolerate a rise in inflation beyond its ex...

Honda pauses United Kingdom production after Covid and Brexit delays Honda pauses United Kingdom production after Covid and Brexit delays

Of late, logistics companies have been highlighting bottleneck issues at the eastern port of Felixstowe. "The problem is that demand is high because people have been unable to go on holiday or spend on socialising, so they have bought more goods in...

Cruise cut short as passenger tests positive for COVID-19 Cruise cut short as passenger tests positive for COVID-19

Singapore recently began a "safe cruising" pilot program allowing cruise ships to make round trips from Singapore with no port of call in between. Royal Caribbean said in a statement last night that the ship will be deep cleaned and disinfected,...

Pope to make first-ever trip to Iraq in March: Vatican Pope to make first-ever trip to Iraq in March: Vatican

In light of this delightful news, we thought to give you a throwback to the best moments of the Pope's visits in the Middle East. "The Pope will visit Baghdad, Ur, Erbil, Mosul and Qaraqosh in Nineveh province", Vatican spokesman Matteo Bruni said ...

Uber announces sale of self-driving unit to Aurora for $10 billion Uber announces sale of self-driving unit to Aurora for $10 billion

For Uber, which has slashed high-profile cash-burning initiatives this year in a push to turn a profit in 2021, the deal will give it a significant stake in one of Silicon Valley's most promising autonomous driving start-ups. Aurora's co-founders hav...

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