August2021

China has provided a draft Memorandum of Understanding (MoU) for co-production of its Sinopharm COVID vaccine with a local pharmaceutical, according to Foreign Minister Dr. AK Abdul Momen. “We’ve already handed the draft MoU to the...

India is likely to receive an average amount of rainfall in August and September, the state-run weather office said on Monday, raising expectations of higher crop yields in Asia’s third-biggest economy, which relies heavily on the...

Sweden’s Ericsson won a 3% share in a joint 5G radio contract from China Telecom and China Unicom, according to sources familiar with the matter. Nokia, which was expected to take away Ericsson’s market share in...

Ferrari stuck to its main 2021 targets on Monday, despite tripling second-quarter core profits as shipments recovered from pandemic-hit trading in the same period last year. The luxury carmaker increased its industrial free cash flow guidance...

The use of hydrogen power for mobility is an “interesting alternative” for India, especially as it would reduce dependence on lithium imports, the chairman of Maruti Suzuki, India’s top-selling carmaker, said on Monday. Demand for lithium...

Shares of Allianz declined 7% on Monday after the German insurer said the U.S. Department of Justice had begun an investigation into losses at its fund management division. The DOJ investigation follows lawsuits by U.S. investors...

Grab, Southeast Asia’s biggest ride hailing-to-food delivery group’s first-quarter adjusted net sales rose 39% to a record $507 million and the Singapore-based firm reduced its losses on the back of a strong performance in its deliveries...

Foot Locker Inc will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as it looks to expand its business beyond malls and extend...

The government of Bangladesh’s aim to vaccinate 10 million people in a week focuses mostly on those living in union and ward levels. The administration resolved last week at an inter-ministerial meeting to begin walk-in vaccines...

U.S. manufacturing continued to grow in July, though the pace slowed for the second straight month as spending rotates back to services from goods and shortages of raw materials persist. The Institute for Supply Management (ISM)...