Japan to close borders for international travelers over Omicron fears

The government of Japan is reportedly planning to bar the entry of overseas travelers for a month in an effort to curb the spread of the Omicron COVID-19 variant in the country. The restrictions will prevent the entry of interns, business t....

Fintech startup Slice obtains unicorn status after USD 220 Mn funding

India’s fintech startup Slice has reportedly raised USD 220 million in Series B funding led by Tiger Global and Insight Partners. Other investors that participated in the fundraising included Advent International’s Sunley House ....

AT&T and Verizon to lower their 5G power to meet aviation safety needs

Telecommunication majors AT&T Inc. and Verizon have reportedly decided to temporarily limit their 5G capabilities to address safety concerns of the aviation industry. This comes after the Federal Aviation Administration’s (FAA) a....

France battles fresh COVID-19 wave with 30,000 new cases in 24 hours

France has recorded over 30,000 new coronavirus infections in the past 24 hours, marking the first time the case count has reached this level since August, as stated by the country’s Health Minister Olivier Veran. Notably, France rec....

Shell halves its Singapore crude processing capacity to cut emissions

Royal Dutch Shell plc has reportedly cut the crude processing capacity at its center in Singapore by half and curtailed fuel exports, as the company shifts away from fossil fuels in order to reduce emissions and fulfill global low-carbon en....

Daimler India faces heavy net losses due to pandemic-induced slowdown

Daimler India Commercial Vehicles Pvt. Ltd., a subsidiary of German automotive corporation, Daimler AG has registered a net loss of over USD 57.2 million for the fiscal year ended March 2021, making it the fourth consecutive year that the c....

Zenas BioPharma acquires global rights to obexelimab from Xencor

Global biopharma firm Zenas BioPharma has reportedly acquired the exclusive worldwide rights to develop, manufacture, and commercialize experimental antibody obexelimab from clinical-stage biopharmaceutical company Xencor Inc. For the unve....

Baidu-owned robotaxi service Apollo Go to expand to 100 cities by 2030

Baidu's robotaxi service Apollo Go is reportedly planning to expand its footprint to at least 65 cities by the end of 2025 and over 100 cities by the year 2030. Confirming the news, Baidu's co-founder Robin Li stated that Apollo Go....

Pfizer seeking FDA approval for its experimental COVID antiviral pill

Pfizer Inc. is reportedly seeking authorization from the U.S. FDA for its experimental antiviral COVID-19 pill, Paxlovid. The drug has been shown to reduce the chance of hospitalization or death by 89% in adults with risk of severe disease,....

EV maker Canoo to relocate to Walmart’s hometown for U.S. expansion

California-based electric carmaker Canoo is planning to expand its U.S. footprint by setting up its new headquarters and an advanced manufacturing industrialized facility in Bentonville, Arkansas, a city best known for being home to Walmart....

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