Merck & Co Inc , which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis Bioscience and would collaborate with research nonprofit IAVI to develop two separate vaccines.
FRANKFURT: Lufthansa is hoping for a quick nod from the European Commission for its 9 billion euro (US$9.8 billion) bailout agreed on Monday to make sure the cash arrives in time for the company to stay afloat. "This should be a matter of days", one of the people said....
REUTERS: Arm Ltd, the semiconductor firm owned by Japan's Softbank Group Corp, on Tuesday released new technology aimed at helping Android devices catch up to Apple Inc's iPhones for certain computing tasks such as video games. Arm's technology powers the processors in both iPhones and Android ...
Qatar Airways said on Twitter on Tuesday that it planned to fly a summer schedule to over 80 destinations worldwide.
Macy's Inc said on Tuesday it planned to raise US$1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.
The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Germany's top court forces the main participant in the scheme to quit, four sources told Reuters.
Surrey-based supercar maker McLaren is cutting about 1,200 jobs from its workforce as it deals with the COVID-19 pandemic, Sky News reported on Tuesday.
STRUGGLING boxship operator Pacific International Lines (PIL) has confirmed that it is in talks with Heliconia Capital Management, an investment firm owned by Temasek Holdings, on a potential investment.
Ryanair will contest a 9 billion-euro (US$9.9 billion) German aid package for Lufthansa, the budget airline's Chief Executive Michael O'Leary said in a statement on Tuesday.
European travel stocks soared on Tuesday amid reports Spain and Germany would ease travel restrictions, and no noticeable increase in infections were reported during the reopening of businesses after a two-month lockdown.
