Pfizer says Pandemic could Extend to 2024
Pfizer Inc forecasted that the COVID-19 pandemic would not be behind us until at least 2024 and said a lower-dose version of its vaccine for 2- to 4-year-olds generated a weaker immune response than expected, potentially delaying authorization. Pfizer’s Chief Scientific Officer said in a presentat
UPS to purchase 19 Boeing 767 Freighters
Package delivery giant United Parcel Service (UPS) has placed an order for 19 of Boeing’s 767 freighters as a surge in e-commerce has raised demand for air cargo. The deal adds to a “record-breaking year” for Boeing freighter sales where the freighter market has been a rare bright spot
BoE fines Metro Bank US $ 7 M
The Bank of England has fined Metro Bank 5.38 million pounds ($7.13 million) for failures in its regulatory reporting after the lender revealed an accounting blunder in 2019. Metro Bank said in January 2019 it had corrected risk weightings of some of its commercial loan portfolios, wiping hundreds o
Tesla’s CEO Musk says he is “Almost Done” with Stock Sales
Tesla Inc Chief Executive Elon Musk said on Wednesday he was “almost done” with his stock sales after selling over $15 billion worth for more than one month.The billionaire had made confusing statements as to whether he might or might not be done with his stated goal of selling 10% of hi
Diddy pays US $ 7.5 M to Buy his Fashion Brand from Bankruptcy
Sean “Diddy” Combs has agreed to pay $7.5 million to buy back Sean John, the bankrupt fashion brand he founded in 1998. “Seeing how streetwear has evolved to rewrite the rules of fashion and impact culture across categories, I’m ready to reclaim ownership of the brand,”
متوسط سعر نفط OPEC السنوي من 2011 إلى 2021 بالدولار الأمريكي للبرميل
على مدى العقد الماضي ، انخفض متوسط سعر نفط أوبك السنوي بنسبة 35٪. لكن هذا السعر واجه زيادة كبيرة بنسبة 67٪ منذ العام الماضي. هذه الزيادة الهائلة تبدو مقلقة.
Average Annual OPEC Oil price from 2011 to 2021 in USD per barrel
Over the last decade the average annual OPEC oil price has dropped by 35%. However this price has faced a significant increase by 67% since last year. This huge increase sounds alarming.
BNP Paribas to sell Bank of the West to Canada’s BMO
BNP Paribas said Monday it will sell U.S. unit Bank of the West to Canada’s BMO Financial Group for $16.3 billion in a deal that will give France’s biggest bank a huge step up in firepower for deals and buybacks. BNP Paribas has been struggling to keep up with larger rivals in the U
Oil slides as Omicron Spread reduces Fuel Demand
Oil prices slumped 3% on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand.
Standard Chartered fined US $ 61.5 M
The Bank of England said on Monday it was fining Standard Chartered 46.55 million pounds ($61.51 million) for misreporting its liquidity position to the regulator and for failings in its controls. The Prudential Regulation Authority said the fine related to when the regulator was concerned from lat