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Debdutta Ghosh


J&J To Acquire Autoimmune Disease Specialist Momenta For $6.5 Billion

Johnson & Johnson (J&J) is aiming to further augment its portfolio of autoimmune disease treatments as the pharma giant has agreed to acquire Momenta Pharmaceuticals Inc in an all cash
Published on August 19, 2020
By Debdutta Ghosh

Oracle Also Wants To Purchase US Operations Of TikTok

After the tech giant Microsoft, another United States based tech giant Oracle has also joined the race to purchase the Chinese short video sharing app TikTok which has been threatened
Published on August 18, 2020
By Debdutta Ghosh

Walmart Beats Expectations On Profit With Record Growth In Online Sale Amid Pandemic

The second quarter of the current year saw retailer Walmart Inc reporting its highest ever growth in online sales as consumers used the stimulus checks offered by the United States
Published on August 18, 2020
By Debdutta Ghosh

ByteDance Must Sell Off US Tiktok In 90 Days, Orders Trump

The Chinese company ByteDance was ordered by the United States President Donald Trump on Friday to sell off its interest in the video-sharing app TikTok’s operations in the United States
Published on August 15, 2020
By Debdutta Ghosh

Facebook Clobbers Apple Over The iPhone Makerโ€™s Refusal Of Commission Waiver

With developers challenging the commission policy of Apple for listing of apps on iOS devices, social media giant Facebook Inc also took a dig at the iPhone maker saying that
Published on August 15, 2020
By Debdutta Ghosh

Slow Down In China’s Post-Pandemic Economic Recovery In July

Expectations of a modest rise in retail sales in China as dashed in July with consumers deciding not to spend on retail potentially because of their continued worries of the
Published on August 14, 2020
By Debdutta Ghosh

New Import Hurdles In India Hit Chinese Firms: Reports

With the deterioration in the business environment between India and China following the clash on Himalayan border between the Indian and Chinese army, reports are now emerging of delays in
Published on August 14, 2020
By Debdutta Ghosh

China Urges US To Create Appropriate Conditions To Implement Phase 1 Trade Deal

The United States will put an end to its current policy of taking restrictive and discriminatory measures specifically targeted against Chinese companies in the US, hopes China. The countryโ€™s Assistant
Published on August 13, 2020
By Debdutta Ghosh

Plans Of Launching Low Carbon Aluminum Platform By London Metal Exchange

Plans of launching of a spot trading platform for low carbon aluminum as well as a register where producers can voluntarily log their metalโ€™s carbon-related details with the aim to
Published on August 13, 2020
By Debdutta Ghosh

Few American Firms View US-China Limited Trade Deal Worth The Hit Of Tariffs

Results of a new survey conducted by the United States- China Business Council show that there are only a handful of American companies that are doing business in China believe
Published on August 12, 2020
By Debdutta Ghosh

Record Quarterly Slump In UK Economy In Q2, Pushed Into A Deep Recession

The United Kingdom reported its worst ever quarterly drop for the second quarter with a 20.4 per cent slump in its Gross Domestic Product (GDP). This pushed the country into
Published on August 12, 2020
By Debdutta Ghosh

National Security Law Reaction: US To Label Exports From Hong Kong As โ€œ

The United States government has issued a notice to put the label of โ€œMade in Chinaโ€ for all good that are manufactured or produced in Hong Kong and exported to
Published on August 11, 2020
By Debdutta Ghosh

Pandemic Effect: Universities Across The World Flock To The Bond Market For Cheap Funds

Many of the renowned universities in the United States, United Kingdom and elsewhere are rushing to the bond markets this year to raise money at a pace that is faster
Published on August 11, 2020
By Debdutta Ghosh

Better Performance Of Its Bets To Likely Return SoftBank To Profitability

With the rise in value of the companies in which it had invested, it is expected that the Japanese investment conglomerate SoftBank Group will return to profitability in the first
Published on August 8, 2020
By Debdutta Ghosh

Chinaโ€™s TikTok And WeChat Banned In US By Trump

United States President Donald Trump finally pulled the trigger on the Chinese video sharing app TikTok, banning all American companies from transacting with the appโ€™s owning company Chinaโ€™s ByteDance. Trump
Published on August 8, 2020
By Debdutta Ghosh

Online Grocery Demand Soars In Middle East Amidst The Covid-19 Pandemic

The advent of the novel coronavirus pandemic in the Middle East has seen a โ€œfantastic surgeโ€ in demand for online groceries, according to an executive of a United Arab Emirates-based
Published on August 5, 2020
By Debdutta Ghosh

EU Launches Probe Into Fitbitโ€™s $2.1 Billion Acquisition By Google

The effort of Alphabet unit Google to purchase Fitbit has hit a hurdle in Europe as the antitrust regulator of the European Union has initiated a probe into the deal
Published on August 5, 2020
By Debdutta Ghosh

Chocolate May Not Be Cheaper For Fans Despite Predicted Drop In Cocoa Prices

Despite a predicted fall in the prices of coca this year, it will potentially not benefit the fans of chocolate. According to a pool of London cocoa futures conducted by
Published on August 3, 2020
By Debdutta Ghosh

No โ€œSilver Bulletโ€ For Covid-19 Till Now, Warns WHO

There might never be a โ€œsilver bulletโ€ for the novel coronavirus, the World Health Organization warned on Monday, and said that there can perhaps never be a perfect vaccine for
Published on August 3, 2020
By Debdutta Ghosh

Apple Easily Beats Quarterly Estimates In Cvoid-19 Times, But Delay In New iPhones

With people working and learning from home amid stay at home orders and lockdowns to prevent the spread of the novel coronavirus pandemic and turning to its products and services,
Published on July 31, 2020
By Debdutta Ghosh

Alphabet’s First-Ever Sales Drop Offset By Google Ad Revenue Growth

Google managed to avert its first quarterly drop in ad sale revenues in its 16 years as a public company as the company reported recovery of its ad sales have
Published on July 31, 2020
By Debdutta Ghosh

Americaโ€™s Big Tech Accused By Law Makers Of Stifling Rivalry To Get Market Dominance

Much of the heat of Democrat and Republican lawmakers in the United States congressional hearing, who questioned four America’s most prominent tech CEOs, fell on Google and Facebook as the
Published on July 30, 2020
By Debdutta Ghosh

A Possible Historic Contraction Happened In The US Economy In Second Quarter: Reports

More than five years of continuous growth was potentially wiped off the economy of the United States in the second quarter by the novel coronaviruss pandemic which hit consumer and
Published on July 30, 2020
By Debdutta Ghosh

Other Developed Countries To Be Charged The Same As The US For Its Vaccine, Says Pfizer

Compared to what it has charged the United States for its vaccine against the novel coronavirus that is still undergoing development, Pfizer Inc has said that the price for its
Published on July 29, 2020
By Debdutta Ghosh

Global Airlines Likely To Completely Recover To Pre-Covid-19 Levels Only In 2024

According to the International Air Transport Association (IATA), the apex industry body for global airlines has predicted that it would not be until 2024 that the industry would be able
Published on July 29, 2020
By Debdutta Ghosh

Facebook Files Case Against EU Antitrust Regulator Over Excessive Of Data Requests

Antitrust regulators of the European Union have been sued by the social media giant Facebook for allegedly seeking more information from Facebook than what the social media platform deemed necessary.
Published on July 28, 2020
By Debdutta Ghosh

OPEC Considering For An Era Of Declining Global Oil Demand: Reports

Minds in Organization of the Petroleum Exporting Countries (OPEC) are focusing on a probably tipping point got global oil demand which may have been triggered by the novel coronavirus pandemic.
Published on July 28, 2020
By Debdutta Ghosh

Geopolitical Issues Cloud Global Ambitions Of Chinese Tech Companies

Some of the better known Chinese companies in the global technology arena, including names such as the drone-maker DJI, artificial intelligence companies Megvii, SenseTime and iFlytek, surveillance camera vendor Hikvision
Published on July 27, 2020
By Debdutta Ghosh

US Gives Moderna An Additional $472 Million For Cvoid-19 Vaccine Development

An additional grant of $472 million was given to the United States based drug maker Moderna Inc by the US governmentโ€™s Biomedical Advanced Research and Development Authority (BARDA) to help
Published on July 27, 2020
By Debdutta Ghosh

New Report In UK Finds Risks Of Death From Covid-19 Increased By Obesity

A latest report by the Public Health England (PHE) has claimed that there is an increased risk of illness or even death from the infection of the novel coronavirus caused
Published on July 25, 2020
By Debdutta Ghosh

Response To Chinese Action: EU To Limit Export Of Tech To Hong Kong

Transfer or export of any technology to Hong Kong that could be used by Chinese authorities to for repression or surveillance in the city will be limited by the European
Published on July 25, 2020
By Debdutta Ghosh

Euro Zoneโ€™s July Businesses Activity Indicates A Rebound From Pandemic Induced Recession

There was a growth in business activity in the euro zone in July which marked the first such growth since the region was hit severely by the novel coronavirus pandemic.
Published on July 24, 2020
By Debdutta Ghosh

Retail Spending In The UK Bounces Back In June To Near Pre-Lockdown Levels

With non-essential stores in England following month of closure because of the novel coronavirus pandemic, retail sales in June in the United Kingdom jumped back and rebounded to almost pre-coronavirus
Published on July 24, 2020
By Debdutta Ghosh

Twitter Misses Quarterly Ad Sales Estimates But Reports Large Growth In Usage

The highest ever annual growth of daily users who can view ads was reported by Twitter Inc beating estimates of analysts of usage. This news sent the shares of the
Published on July 23, 2020
By Debdutta Ghosh

Agreement On $858 Billion Pandemic Package Agreed By EU Leaders

After five days of intense talks, European Union leaders manage to agree on a record novel coronavirus economic package of 750 billion euro ($858 billion) to rescue and revive the
Published on July 23, 2020
By Debdutta Ghosh

Results Of Renault And Nissan Are ‘Pathetic’, Says Former Nissan Boss Ghosn

The results of the French auto firm Renault and the Japanese auto maker Nissan were “pathetic” and the companies are being operated without a leadership in a much more acute
Published on July 20, 2020
By Debdutta Ghosh

Positive Results Emerge From The Oxford Coronavirus Vaccine Trials

The much awaited results of the first phase of human testing of a novel coronavirus vaccine candidate developed by the University of Oxford are out and they show that the
Published on July 20, 2020
By Debdutta Ghosh

Pandemic Effect: Second Quarter Real Disposable Of Russians Dropped Most In 20 Years

The novel coronvirus pandemic is hitting the Russian economy quite significantly. According to reports, in the second quarter of the current year, the real disposable of Russians have dropped by
Published on July 19, 2020
By Debdutta Ghosh

UK Seeks Japanโ€™s Help In Creating Alternatives For Huawei In 5G Network Construction

After announcing retraction of all equipment from 5G and other networks supplied by the Chinese telecom equipment making giant Huawei by 2027, the United Kingdom government has sought help from
Published on July 19, 2020
By Debdutta Ghosh

White House Adviser Says Tiktok Can Function As A US Company

The increased strained relations between United States and China has resulted in the Chinese short video messaging app TikTok finding itself in the crosshairs of the Trump administration. While the
Published on July 18, 2020
By Debdutta Ghosh

Agreement To Help Cocoa Farmers In Africa To Attain Living Wage Hit By Cvoid-19

A plan that had been drawn up by the top producers of cocoa in Ivory Coast and Ghana to guarantee a living wage to about 2 million farmers have been
Published on July 18, 2020
By Debdutta Ghosh

EU In Negotiations With Moderna, Biontech, Curevac For Cvodi-19 Vaccinees; Reuters

Negotiations are currently underway by the European Union to secure vaccines against Covid-19 with pharma companies working on vaccines including Moderna, Sanofi and Johnson & Johnson and biotech firms BioNtech
Published on July 17, 2020
By Debdutta Ghosh

Global Fuel Demand Worries Rise Over Surge In Covid-19 And Fresh Lockdowns

A recovery in fuel demand globally from the lows hit during the height of the novel coronvirus pandemic is being slowed by the surges in coronavirus infections. Concerns are being
Published on July 17, 2020
By Debdutta Ghosh

Twitterโ€™s Own โ€˜Adminโ€™ Tool Used By Hacker To Spread Cryptocurrency Scam

Access to an โ€œadminโ€ tool on Twitterโ€™s network was allegedly gained by hacker who has been reported to have been behind the spate of Twitter account hacks on Wednesday. According
Published on July 16, 2020
By Debdutta Ghosh

Study Finds Americans Spent More Than While Working After Getting Covid-19 Jobless Benefits

According to a research conducted by the JPMorgan Chase Institute, those Americans who obtained increased unemployment benefits given in the wake of the novel coronavirus pandemic reportedly spent more money
Published on July 16, 2020
By Debdutta Ghosh

Unexpected Inflation In UK Due To Rise In Video Gaming Amid Lockdown

The increase in prices for in-demand video game consoles during the novel coronavirus pandemic induced lockdown propped up British inflation for the month of June in an unexpected manner, shows
Published on July 15, 2020
By Debdutta Ghosh

โ€œPublic And Painfulโ€ Pain For UK Over Huawei Ban Called For By Chinese State-Run Media

After the United Kingdom decided to put ban on the Chinese telecom equipment maker Huawei from participating in 5G roll out in the country, Chinese state media has forecast a
Published on July 15, 2020
By Debdutta Ghosh

World’s First Human Trial For Covid-19 Vaccine Completed By Russia

In a major development in the fight to find a vaccine for Covid -19, clinical trials of a vaccine for the respiratory disease caused by the novel coronaviruss on humans
Published on July 13, 2020
By Debdutta Ghosh

Indian Drug Regulator Approves Indiaโ€™s Biocon’s Itolizumab For Treatment Of Covid-19

In a landmark move in the fight against Covid-19, Indian drug regulator the Drug Controller General of India approved the use of Itolizumab on Covid-19 patients, the disease caused by
Published on July 13, 2020
By Debdutta Ghosh

Covid-19 Crisis Forced Rolls-Royce To Burn Through ยฃ3bn Cash

The novel coronavirus pandemic has forced the aerospace unit of the Rolls-Royce to burn through ยฃ3bn in cash within a period of just six months, the company said while also
Published on July 10, 2020
By Debdutta Ghosh
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