Amazon employed over 1.16 Mn people, digitized 4 Mn MSMEs in India

Amazon India has claimed to have created over a million jobs and generated USD 5 billion worth in exports through its operations in the country. It has also helped over 4 million small and medium enterprises (SMEs) including weavers, artisa....

Coronavirus-led mortality numbers reach 1 million in the United States

More than one million COVID-19 deaths have been reported in the United States, marking an unprecedented milestone just two years after the first cases were found that eventually reshaped everyday lives. U.S. President Joe Biden has also ....

Pfizer to expand into migraine space with USD 11.6 Bn Biohaven buyout

Pfizer Inc. is reportedly planning to acquire Biohaven Pharmaceutical Holding Co. for USD 11.6 billion in cash to obtain an approved drug ‘Nurtec ODT’ for treating migraine in adults. The move will allow the American biotechnolo....

Bookaway Group bags USD 35 Mn to digitize ground transportation sector

Israel-based Bookaway Group has reportedly raised USD 35 million in a Series C funding that was spearheaded by Red Dot Capital Partners, along with added investments from Menorah and Tel Aviv listed insurance giant, Tenere Capital. The l....

Egyptian fintech firm Paymob secures USD 50 Mn in Series B funding

Paymob, an Egypt-based fintech firm, has reportedly raised USD 50 million in a recent Series B fundraising that was led by Clay Point, Kora Capital, and PayPal Ventures. The latest round brings the company’s total funding to USD 68.5 ....

Under Armour’s profit tanks on rising costs and China’s strict lockdown

Under Armour has predicted full-year profit below Wall Street expectations, over concerns such as higher shipping costs and damage to the company’s sales from China's repeated COVID-19 limits. It is worth noting that while glob....

Sweden’s Volvo to electrify its entire U.S. product lineup in 2023

Swedish luxury automaker Volvo Cars is reportedly planning to electrify its entire product portfolio in the U.S. in the year 2023 which will include plug-in hybrids, mild hybrids, and fully electric models. The carmaker cited that the new s....

Beijing shuts public transport to curb the spread of COVID-19 in China

China’s Capital, Beijing has reportedly shut down dozens of its bus routes and metro stations to cease COVID-19 from spreading further as well as to evade the same fate as Shanghai where around 25 million residents have been under a s....

EU to make health data access easier for a better patient outcome

Several patients, doctors, regulators, and researchers are likely to have easier access to health data by 2025, according to a recent plan from European Commission, to ensure enhanced diagnoses, reduced unneeded expenditures from duplicate ....

Amazon ends unpaid leaves for its U.S. employees diagnosed with Covid

The world’s largest online retailer Amazon.com Inc. has announced that its paid-time-off policy for individuals suffering from COVID-19 would end soon. The development comes after COVID-19 vaccines are found to be abundantly available....

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