The holding company FWM Holdings, which owns the Forbes Family Trust and the American foundation Stanhope Capital Group, as well as foundations Optima Fund Management and LGL Partners, have announced a merger. The deal will result in one of the world's largest independent private equity funds with...

A sizeable amount of cheap cocoa from futures exchange ICE will be bought by the United States based chocolate maker Hershey Co. This development also underscores the issues being faced by cocoa producers in Africa to sell their products at a premium which was recently agreed to with buyers, said...

In what is being considered to be a major step toward providing protection against the novel coronavirus, an application for emergency use authorization (EUA) of its Covid-19 vaccine was filed with the United States health regulators on Friday by Pfizer Inc.   It was just day that final...

Has the winning year for ‘corporate stay-at-homes’ come to an end? The promise of a possible vaccine for the COVID-19 may offer a “possible way out” of the pandemic, but it certainly halted the surge in the shares of “stay-at-home corporate winners” such as Zoom, Netflix among others.  ...

In what is a partial concession by iPhone maker Apple Inc in its battle with those criticising the company’s policy of how it exerts power in its digital ecosystem, the company announced that it will reduce the commission it charges from smaller selling software through its App Store by 50 per...

For the first time in several years Warren Buffett's company has made a major stake in the pharmaceutical industry. It has invested almost $6 billion in four companies, including two developers of COVID-19 vaccines. Warren Buffett's investment company Berkshire Hathaway invested $5.7 billion in...

With two drug makers announcing very positive results based on interim data from their stage last stage trials for a Covid-19 vaccine, the hopes for the world to get a vaccine to fight the disease has been raised significantly.   Very positive results so far for their third and final phase...

Investors betting on the fall in shares of the American biotech company Moderna lost almost $ 2 billion this year. On Monday, Moderna announced that its coronavirus vaccine was nearly 95 percent effective, after which its shares rose by 15 percent. Investors who bet on the fall in shares of the...

Complaints against Apple's online tracking tool was filed with German and Spanish data protection authorities on Monday by a group led by privacy activist Max Schrems. The complaint alleged that the company does not take permission from users prior to storing users’ data on iPhones, which the group...