Johnson & Johnson starts human trials of COVID-19 vaccine

Johnson & Johnson on Thursday kicked off US human safety trials for its COVID-19 vaccine after releasing details of a study in monkeys that showed its best-performing vaccine candidate offered strong protection in a single dose. When exposed to the virus, six out of six animals who got the vaccine candidate were completely protected from lung […]

Global economies, companies hit hard as virus cases top 17 million

WASHINGTON: Economies from Europe to the United States on Thursday reported record slumps and companies from banks to car makers warned of losses in the latest fallout from the pandemic that has infected more than 17 million people across the globe. Six months after the World Health Organization declared a global emergency, countries around the […]

Dubai health insurers fret over Dh100 million in unpaid funds

Dubai: Dubai’s medical insurance sector has taken a hit with the back-to-back collapse of two TPAs (third-party administrators), with a combined exposure of more than Dh100 million, multiple sources confirm. It was earlier this week that the industry became aware of the shuttering of offices of one of these TPAs, and which had been quite […]

Facebook smashes revenue estimates amid pandemic, forecasts ad growth

Facebook Inc beat analysts’ estimates for quarterly revenue on Thursday, as businesses used its digital advertising tools to tap a surge in online traffic during the coronavirus pandemic even as they slashed marketing budgets elsewhere. Revenue growth was its slowest ever as a public company, reported at 11%, although it beat analysts’ expectations that it […]

Tesla’s Musk says open to supplying batteries to other automakers

Seoul: Tesla Inc Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries. Tesla has previously supplied batteries to Mercedes and Toyota Motor under separate partnership deals. Battery manufacturing is an area that analysts and industry officials say the US electric car maker has […]

Amazon posts biggest-ever profit amid coronavirus pandemic

Amazon.com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Shares of Amazon, the world’s largest online retailer, rose 5 per cent in after-hours trade. See more Who can get their visa stamped and smart medical test results […]