Israel shakes up agriculture sector to cut produce costs
Israel’s government on Wednesday unveiled a plan to lower fresh produce costs by cutting customs duties and opening the sector to competition, potentially ending years of prices far above ...
J&J raises revenue forecast, estimates $2.5 bln in COVID-19 vaccine sales
Johnson & Johnson on Wednesday forecast $2.5 billion in sales of its one-shot COVID-19 vaccine this year based on the current price of $5 per dose and said that could rise to $8 ...
No direct impact on sales from Ronaldo snub -Coca-Cola CFO
Coca-Cola has not seen any direct sales impact after Portugal soccer player Cristiano Ronaldo removed two bottles of its soda placed in front of him at a Euro 2020 press conference ...
RCB Bank’s credit rating affirmed, Outlook upgraded to positive by Moody’s
Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank.
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Brexit: UK and EU set for conflict over North Ireland border as Frost seeks to change the rules
The UK will on Wednesday announce demands that are expected to violate post-Brexit trading arrangements between Great Britain and Northern Ireland.
The Northern Ireland Protocol, agreed by the UK and ...
Netflix to add mobile video games as subscriber growth slows
Netflix Inc (NFLX.O) said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the ...
EU to ‘close the door’ on money-laundering
The European Commission on Tuesday proposed the creation of an anti-money laundering authority to clamp down on financial crime across the European Union (EU).
“These are bold steps to close ...
Bitcoin falls below $30,000 for first time in a month
Bitcoin fell on Tuesday to its lowest in almost a month, slumping below $30,000 as regulators continued calls for tighter checks on cryptocurrencies.
The world’s largest cryptocurrency fell as much ...
Robinhood expecting up to $35 bln valuation in huge IPO
Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a Monday filing, setting the stage ...
European travel demand drives easyJet summer comeback
EasyJet plans to fly 60 per cent of its pre-pandemic capacity in July-September as a travel recovery takes hold in mainland Europe, and Britain is expected to catch-up in the coming ...
UK shopper numbers up 0.9 per cent last week on weather boost
Shopper numbers across Britain rose 0.9 per cent in the week to July 17 compared with the previous week, boosted by the return of sunny weather, researcher Springboard said on Monday.
It ...
Israel reacts to spyware scandal after journalists are hacked
Israel’s Defence Ministry said on Monday that the export of cyber products, like spyware sold by NSO Group, was for lawful use and with the sole purpose of fighting ...
Africa’s largest hydropower project GERD delayed by Sudan-Ethiopia talks
Sudan on Monday reiterated its rejection of Ethiopia’s completion of the second filling of the Grand Ethiopian Renaissance Dam (GERD).
The Grand Ethiopian Renaissance Dam (GERD) is a 6,450 MW ...
Libyan conflict has cost $580bn; EU plans military mission
The EU is firming up plans for a military mission to Libya in order to compete for influence with foreign powers there, the EUobserver reported on Monday.
This is in ...
Cyprus economy gets growth spurt
The Cypriot economy continues to recover after registering an impressive year-on-year growth rate of 11.2 per cent in June according to a report by the University of Cyprus Economic Research Centre.
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BioNTech strengthens cancer therapy expertise with US acquisition
BioNTech said it was acquiring a production site and a research and development platform from a subsidiary of US biotech company Gilead (GILD.O) to expand its footprint in north ...
How the digital shift has been hastened by the pandemic
by Caleb Davies
Sometimes it can seem like we’ve uploaded our whole lives to the internet: bank accounts, social media posts, dating profiles, work emails – it’s all out ...
Johnson & Johnson exploring solution to baby powder litigation
Johnson & Johnson (JNJ.N) is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to ...
Britain sets out plan to stimulate trade with developing economies
Britain will set out a plan on Monday to stimulate trade with 70 developing economies by lowering tariffs and simplifying rules, its latest push to promote freer global commerce after regaining ...
Binance ditches ‘stock tokens’ as global crackdown widens
Binance said on Friday it had stopped selling digital tokens linked to shares, as Hong Kong’s financial watchdog became the latest in a string of regulators to crack down ...
OPEC+ boosts production as UAE, Saudi Arabia agree to truce
The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, known as OPEC+, agreed in an online meeting on Sunday to boost oil production by 400,000 barrels a day as ...
Sterling is weak on Freedom Day as Covid-19 cases surge
It’s Freedom Day in the UK, meaning that pandemic-related restrictions are gone, but Covid-19 cases in England are now the third-highest number in the world behind only Indonesia and ...
Syria’s Assad says $60bn frozen in Lebanon’s banks; 80% of Syrians below poverty line
Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing Lebanese banks.
In a speech after being sworn in as ...
Cryptocurrencies boom in Pakistan sees regulation
Once a week Ghulam Ahmed, 38, takes time out from his cryptocurrency consulting business to log into a WhatsApp group with hundreds of members eager to learn how to mine and ...