Markets

Many hoped the pandemic would end proprietary science and patent-based market monopolies. That hope has since faded, says Kaushik Basu.

Pfizer on Tuesday (May 4) raised its forecast for 2021 COVID-19 vaccine sales by more than 70 per cent to US$26 billion and said demand from governments around the world fighting to halt the pandemic could contribute to its growth for years to come.

US Trade Representative Katherine Tai said on Tuesday (May 4) that making vaccines more widely available throughout the world is needed to end the coronavirus pandemic and foster economic recovery.

The European Commission said on Tuesday (May 4) that efforts to win approval for the EU's massive investment deal with China were effectively "suspended" given the soured diplomatic relations between both sides after tit-for-tat sanctions.

The United States is pressuring Taiwanese semiconductor manufacturers to allocate some of their supply to American automakers grappling with a shortage of the crucial components, US Commerce Secretary Gina Raimondo said on Tuesday (May 4).

Hyundai is recalling more than 390,000 vehicles in the US and Canada for two problems that can cause engine fires. In one recall, owners are being told to park their vehicles outdoors until repairs are made.

SINGAPORE'S financial sector wants to hire for tech roles, but banks here struggle to find local talents to meet that demand.

Britain and India will begin formal free trade deal talks later this year, the UK government said Tuesday, after they agreed an initial package to boost bilateral trade and investment.

OSLO: Norway's Telenor wrote off the value of its Myanmar operation in light of the country's deteriorating security and human rights situation, plunging the group into a first-quarter loss and sending its shares lower on Tuesday (May 4). While it will continue to operate in Myanmar, Telenor's ...

COPENHAGEN: Pandora, the jewellery maker best know for its silver charm bracelets, will stop selling mined diamonds and focus on more affordable, sustainable, lab-grown gems, it said on Tuesday (May 4). "Diamonds are not only forever, but for everyone," Pandora Chief Executive Alexander Lacik said ...