Recent Posts

Brazil reaches deal to produce Oxford Covid-19 vaccine

Bloomberg Brazil, the nation with the second-highest number of coronavirus cases and deaths, reached a deal with the UK to produce the Covid-19 vaccine that’s been developed by Oxford University and AstraZeneca Plc. Brazil will spend $287 million to buy vaccine doses and ingredients for as many as 100 million shots that it will be able to produce locally with ...

Read More »

June jump in US jobs belies long recovery

Bloomberg Employers probably kept hiring millions of Americans in June as states gradually lifted pandemic-related restrictions on businesses in a delicate balancing act of getting economies rolling again while limiting infection rates. Economists project the Labour Department will report a three million increase in payrolls after a surprising 2.5 million gain a month earlier. The back-to-back gains, nonetheless, pale in ...

Read More »

Wirecard vows to continue with activities amid insolvency steps

Bloomberg Wirecard AG expects its provisional insolvency administrator to be appointed shortly as the scandal-hit payment company said its business activities will continue. Once lauded as one of Germany’s most successful up-and-coming businesses, Wirecard filed for insolvency after the company said that 1.9 billion euros ($2.1 billion) previously reported as cash on its balance sheet probably doesn’t exist. In a ...

Read More »
Send this to a friend