Hopes for a Covid-19 vaccine breakthrough by the holidays have never been higher, with Pfizer reporting that its vaccine prevented 90% of infections in trials. A vaccine should be available in early 2021 — or possibly earlier — if Pfizer and other strong candidates continuing large-scale clinical trials around the world receive an emergency use authorisation. The big question is ...

Apple Inc’s decision to suspend new business with a key supplier highlights just how hard it is for the world’s biggest tech company to find partners that are both reliable and do the right thing by their workers. The problem may be of its own making. Pegatron Corp won’t get any new contracts after the Taipei-based company was found to ...

As Brexit trade talks enter a make-or-break final negotiating stretch, the impending changes in Washington can’t help but influence things. President-elect Joe Biden isn’t going to express a view over fishing quotas or the impasse on state subsidies. But his election increases the costs for Prime Minister Boris Johnson of a failure in the negotiations. A hard split won’t just ...

Bloomberg France is prepared to further ramp up spending to support any firm, from mom-and-pop shops to its national flag carrier, as rising unemployment and a resurgence of the Covid-19 pandemic cast a longer shadow over the economy. Finance Minister Bruno Le Maire pledged that if needed the state will pump more public money into Air France and expand funding ...

Bloomberg Land Securities Group Plc slashed the value of its properties by 945 million pounds ($1.2 billion) as the coronavirus pandemic forces thousands of stores to close. The company, one of the UK’s largest real estate investment trusts, incurred most of the damage in retail assets that were written down by more than 20% outside London and about 17% in ...

Bloomberg A Covid-19 vaccine from Pfizer Inc may be on the horizon, but the cost of distributing vaccines across all 50 states and who will pay for that operation remains a huge stumbling block. What is clear is that much of the financial burden and logistical challenge of getting a vaccine to people has fallen on the shoulders of state ...

Bloomberg The global rally in stocks paused on Tuesday while haven assets found support amid concern that a promising coronavirus vaccine study still has hurdles to clear. The Stoxx Europe 600 Index fluctuated, with banks leading gains and tech stocks the biggest decliners, the day after news from Pfizer Inc and BioNTech SE about their anti-viral treatment sent global stock ...

Bloomberg Stocks in India’s $2.2 trillion market joined a global rally as vaccine results fuelled optimism of an exit from the pandemic after local benchmarks closed at record highs. The S&P BSE Sensex climbed 1.1% to 43,067.84 in Mumbai, while the Nifty 50 rises by 1%. Both gauges closed at fresh peaks Monday and have gained about 8% so far ...

Abu Dhabi / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, stated that changes to oil prices are caused by supply and demand, and it is too early to say whether the coronavirus pandemic will permanently affect demand, which is the main factor for determining oil prices. The trust in oil markets is gradually returning, due to ...

Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, and First Abu Dhabi Bank (FAB) announced the completion of an energy and water-saving retrofit project for an Abu Dhabi-based school for People of Determination. The Future Rehabilitation Centre in Mohammed bin Zayed City is benefitting from energy reductions of over a third and water savings of ...