Emirates suspends flights from Pakistan after passengers test positive for Covid-19

Emirates, one of the world’s biggest long-haul airlines, has suspended flights from Pakistan after passengers tested positive for coronavirus in Hong Kong, it said on Wednesday (24). The Dubai state carrier, which is operating limited services due to the coronavirus pandemic, said the temporary suspension was effective June 24. “We are co-ordinating closely with the […]

Hinduja brothers mired in legal dispute over letter on division of family assets

THE Hinduja brothers are locked in a legal dispute over their multi-billion family assets, it has emerged during a court ruling in London. The high court case — regarding the “validity and effect” of a letter dated July 2, 2014 — was filed on behalf of “patriarch” Srichand Parmanand Hinduja, 84, against his brothers Gopichand […]

India’s Cipla to price remdesivir version for Covid-19 under $66

INDIAN drugmaker Cipla Ltd will price its generic version of Gilead Sciences Inc’s antiviral drug remdesivir for use in Covid-19 patients at less than 5,000 rupees ($66), the company said. Cipla and privately held Indian drugmaker Hetero Labs on Sunday (21) gained approval to sell generic versions of remdesivir in the country. Hetero expects to […]

Amazon pledges $2 billion to projects fighting climate change

AMAZON on Tuesday (23) pledged to invest $2 billion in projects aimed at combatting climate change, stepping up efforts to reduce the carbon footprint of the tech giant and others. The Climate Pledge Fund will back efforts by startups and other firms in multiple sectors to “facilitate the transition to a zero carbon economy,” Amazon […]

UK car sector seeks more government help to handle pandemic hit

BRITAIN’S car industry called on the government to introduce additional measures such as a sales tax cut to boost the sector as a third of automotive workers remain furloughed due to the coronavirus outbreak. Factories closed in March as a lockdown was enforced to contain the spread of the pandemic with some still shut and […]

BP to set up global business centre in Pune, India by January 2021

UK oil giant BP will set up its global business services (GBS) centre in Pune, India by January 2021. The company has said that it will hire 2,000 employees locally. The GBS centre will provide business processing and advanced analytics capabilities in support of BP businesses worldwide, the company said in a statement. According to […]

Glenmark gets regulatory approval for Covid-19 drug Favipiravir; share price zooms

Glenmark Pharmaceuticals has launched antiviral drug Favipiravir for the treatment of mild to moderate Covid-19 patients. The company  received manufacturing and marketing approval from India’s drug regulator. It is the first oral Favipiravir-approved medication in India for the treatment of the pandemic. “This approval comes at a time when cases in India are spiralling like […]

Rishi Sunak says UK poised to kickstart recovery as debt overtakes GDP

UK Chancellor of the Exchequer Rishi Sunak on Friday expressed the hope that Britain is poised to kickstart its economic recovery from the adverse impact of the coronavirus pandemic lockdown as latest statistics revealed that the country’s debt had overtaken GDP for the first time in 57 years. The Office for National Statistics (ONS) figures […]

Amazon, Alibaba-backed venture gain clearance for alcohol delivery in West Bengal

AMAZON.COM INC has secured clearance to deliver alcohol in India‘s eastern state of West Bengal, signalling the U.S. e-commerce giant’s first foray into the country’s multi-billion-dollar sector. In a notice on Friday (19), West Bengal State Beverages Corp, the authorised agency to carry out online retail of liquor trade in the state, said Amazon was among […]

UK sees shopping boom amid record-high public borrowing

BRITISH shoppers bought much more than expected in May as the country gradually relaxed its coronavirus lockdown and online retailers boomed, adding to signs that the economy is moving away from its historic crash in March and April. But official data also showed public borrowing hit a record high as the government opened the spending […]