Car markets are emerging from a major slump due to the pandemic, and there is no need for more funding for the auto industry. This opinion was shared by the president of the Volkswagen Company, Herbert Diess, in an interview with the Financial Times. "I assume there is no reason to re-stimulate...

Pfizer is expecting to get its “manufacturing data ready” for submitting to the regulators by late November. Pfizer Inc has informed that as yet the company not ready to disclose any data related to “late-stage trial of the COVID-19 vaccine” which is being developed in collaboration with BioNTech....

The London based lender HSBC, the largest European bank in terms of assets, has said that it will further bring down costs of operations compared to what it had suggested previously as a part of its efforts to accelerate its restructuring plan.   This announcement was made by the bank while...

A study being conducted by the pharma giant Eli Lilly related to an antibody drug for people hospitalised with Covid-19 is being brought to a premature closure by government officials in the United States because the treatment is apparently not helping out the patients.   Two weeks ago, a...

The life and retirement business of the insurer  American International Group Inc (AIG) will be separated from the rest of the company, the board of the company decided on Monday while also naming the company’s President Peter Zaffino as the new chief executive officer, effective next year....

An approach to purchase Australian peer Coca-Cola Amatil Ltd has been made by the Coca-Cola Co’s European bottler in a proposed deal worth A$9.28 billion ($6.6 billion).   This cut-price buyout proposal has also been supported by the target firm because of the overall economic uncertainty...

The antitrust regulators of the European Union are set to grant approval of the merger of car makers Fiat Chrysler and PSA in a deal worth $38 billion which will create the fourth largest car making company of the world, according to reports quoting sources with knowledge of the matter. ...

The Italian government vetoed a planned deal to supply Huawei telecommunications equipment to the Fastweb telecom operator. This is reported by Reuters, citing industry sources. According to the newspaper, the deal was about the supply of telecommunications equipment, which was to be used to create...

Shares of the so-called US dividend aristocrats remain in decline after the crisis, while the broad market grew by more than 7%. The gap is close to that which Wall Street has not seen since 2007. Despite record low interest rates, investors have been slow to invest in companies that generously...