Medical

Astra Likely to Run Additional Global Vaccine Test, CEO Says

AstraZeneca Plc is likely to conduct an additional global trial to assess the efficacy of its Covid-19 vaccine, according to the company’s chief executive officer, after current studies raised questions over its level of protection.


Holiday trends to watch: Adult Play-Doh; stores that ship

NEW YORK (AP) — The pandemic is turning this into a holiday shopping season like no other. Toy companies are targeting stuck-at-home grown-ups with latte-smelling Play-Doh and Legos that turn into Warhols. Those who added a puppy to their family during the pandemic will see tons of gift options for their new furry friend. And with more people shopping online, stores are doing double duty as shipping centers to try to get gifts to doorsteps as...


‘Hot money’ reverses to net inflow

REUTERSMORE FOREIGN CAPITAL entered than left the country in October to yield a net inflow after seven straight months of outflows, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.


JOIN US NEXT WEEK: Elite recruiters from The Carlyle Group, Apollo, and Bain Capital will break down how to get hired in private equity

Join Business Insider for an exclusive live event to learn what it takes to land a coveted job at top private-equity firms.


Canadian Banks’ Back-to-Office Plans Thwarted by Virus Surge

A recent surge in Covid-19 cases is derailing Canadian banks’ plans to bring employees back to offices, with one lender even asking some workers who had already returned to go back home.


Ontario to Limit Food Delivery App Fees Amid Covid Lockdown

Canada’s most populous province is following New York City’s lead in restricting fees that companies such as Uber Technologies Inc. and DoorDash Inc. charge restaurants for delivery as coronavirus cases continue to rise.


Gold Hovers Above $1,800 as U.S. Data Disappoints, ETFs Decline

Gold continued to hover above $1,800 an ounce after disappointing economic data pointed to a rocky recovery in the U.S., while bullion-backed exchange-traded funds saw further outflows.


Full MMFF lineup includes films from canceled summer festival

FANTASY film MagiklandTHE 10 official full-length films that will be featured in the wholly digital version of the Metro Manila Film Festival (MMFF) have been named and will include the typical mix of fantasy, comedy, romance, and drama that the festival is known, as well as some of the official entries of the canceled Summer MMFF.


BSP policy stance to stay accommodative

BW FILE PHOTOTHE CENTRAL BANK has room to remain accommodative if there is further need to support the economy towards recovery, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr. said.


Tech Stocks Trading Defies Holiday Doldrums In Busy Week

Trading volume, even in hot areas such as tech stocks, notoriously dip in the days ahead of the U.S. Thanksgiving holiday. Not this year.


Morrisons' new plan to help shoppers get food and toys to those in need this Christmas

It's never been easier for people shopping at Morrisons to get essential supplies as well as a little Christmas joy to families who are struggling this year


Sort out Crossrail to put London back on track

While there will be an understandable sense of trepidation when lockdown is eased on December 2, it brings the opportunity to move forward and for the economy to revive. Transport for London stands ready to safely support the capital’s businesses and attractions. We need London to flourish again for the benefit of the UK as a whole. Given the city is a net contributor to the exchequer of around £35 billion each year, there is simply no UK...


Bitcoin tumbles by more than $2,000 as cryptocurrency bulls cash in on this month's stellar run

"It feels more and more like we're hitting a Bitcoin tipping point," one crypto trader said. "In fact, a cooldown is to be expected."


Deutsche Bank is reportedly considering a permanent 2-day work-from-home policy, weeks after its research arm said people choosing to work remotely should be taxed 5%

Deutsche Bank told Business Insider it was "working on a hybrid model that will combine working from home as well as in the office."


Africa’s Most Valuable Bank Sees Profit Rebound as Payrolls Jump

FirstRand Ltd., Africa’s biggest bank by market value, experienced a better-than-anticipated recovery in the past four months after payrolls recovered to pre-coronavirus levels.


Swedes Lose Faith in Covid-19 Strategy With Virus Rampant

Swedish confidence in the nation’s strategy to fight the coronavirus pandemic has slumped, with concerns over capacity in the health-care system now almost universal.


Repsol to Boost Renewables Fivefold, Cuts Dividend For 2021

Repsol SA will reduce its dividend next year after outlining plans to wind down the search for oil and expand its renewable capacity fivefold during the next decade.


Business leaders see need to focus on reinforcing PHL healthcare system

A doctor treats a patient connected to a mechanical ventilator at the coronavirus disease emergency room of East Avenue Medical Center in Quezon City, June 26. — REUTERSTHE coronavirus pandemic is prompting companies to prioritize big investments in the healthcare sector, in preparation for any future outbreaks.


ICTSI raises nearly P5B in share sale

LISTED port operator International Container Terminal Services Inc. (ICTSI) said on Thursday it had entered into a placement agreement for the sale of its 40 million treasury shares to raise funds for general corporate purposes.


ByteDance has reportedly been given another week to sell off TikTok's U.S. business

ByteDance has been given another week to sell off TikTok's U.S. business and avoid a ban, according to reports.


AgriNurture, PITC team up to import raw inputs for rice-corn production

LISTED agricultural firm AgriNurture, Inc. has partnered with the Philippine International Trading Corp. (PITC) on the importation of raw materials for the production of Bigas-Mais (BigMa) or rice-corn blend.


The Chase's Anne Hegerty takes swipe at new chaser Darragh Ennis in pay row

The Chase star Anne Hegerty refused to confirm she felt positively about new chaser Darragh Ennis as she revealed the other chasers have taken a financial hit


Chevron Philippines names Billy Liu country chairman, general manager

New CPI General Manager and Country Chairman Billy Liu envisions more progressive years ahead for Chevron as he takes on his role.CHEVRON Philippines, Inc. has appointed petroleum industry expert Billy Liu as the firm’s new country chairman and general manager to lead its downstream business, the company said on Thursday.


The book Mark Cuban read in his 30s that helped him get rich

Tech billionaire and "Shark Tank" star Mark Cuban said this book was a big motivator for him early on in his career.


Sanofi eyes 1.4B doses of coronavirus vaccines

A WORKER fills vials at a Sanofi lab. — SANOFI PASTEURSANOFI PASTEUR is seeking to produce as many as 1.4 billion doses of coronavirus vaccines by the end of next year as part of a plan to boost its manufacturing capacity to meet global demand, a company official said.


Jobless rate seen to remain high until mid-2021

PHILIPPINE STAR/MICHAEL VARCASTHE COUNTRY’S unemployment rate will likely remain at around 9-10%, roughly double its pre-pandemic level, until mid-2021, Asian Development Bank (ADB) Country Director for the Philippines Kelly Bird said.


Deutsche Bank Accounting Head Probed Over EY Wirecard Audit

Deutsche Bank AG’s top accounting executive, Andreas Loetscher, is being investigated over his role as the auditor of Wirecard AG while he was with his former firm, Ernst & Young, two people familiar with the matter said.


Warren Buffett joked that he would be 'eating Thanksgiving dinner at McDonald's' if the US government hadn't bailed out the banks in 2008

The billionaire investor wouldn't mind too much, as he typically grabs breakfast there on his way to work and has a McDonald's gold card.


Facebook to reimburse some advertisers after miscalculating effectiveness data

The company's "conversion lift" tool suffered a glitch that reportedly affected thousands of ads between August 2019 and August 2020.


The stock-market impact of millennial investors has been overblown as trading volumes decline — and it's actually the older crowd who's exerted more influence, JPMorgan says

Brokerage trading volume fell to just 16% of all trades in September from 23% in June, suggesting retail investors didn't drive the summer rally.


Aldi, Tesco, Asda & Morrisons tease Black Friday deals on Fifa, iPhones and Echo Dot

Retail giants across the UK are gearing up for the biggest sales day of the year, with even supermarkets promising discounts galore. But are the deals any good? We take a look


Jason Momoa was ‘completely’ in debt after ‘Game of Thrones’: ‘We were starving’

Jason Momoa's career has been a slow burn. After his character was killed off "Game of Thrones" in season one, the actor was "completely in debt."


VW’s ID.3 Quickly Climbs to Top of Europe’s Electric-Car Market

Volkswagen AG’s ID.3 hatchback rose to the top of Europe’s electric-car sales chart a few months after hitting the market, narrowly beating a Renault SA model and trouncing Tesla Inc.’s Model 3.


Amazon Unions From Brazil to Germany Plan Black Friday Protests

Unions representing tens of thousands of Amazon.com Inc. employees are planning walkouts and other action as the year’s busiest shopping season begins this week, in protest at the e-commerce giant’s handling of everything from sick pay and Covid-19 precautions to user privacy.The giant Verdi trade union in Germany is holding a walkout across seven Amazon facilities, it said in a statement Thursday. It’s part of the Make Amazon Pay campaign, an...


Farm Rescue shifts to help farmers sickened by coronavirus

The wet spring offered only a tiny window for planting, so when North Dakota farmer Paul Ivesdal fell ill with the coronavirus he knew the timing couldn't be worse. The 63-year-old man knew if he didn't recover quickly and plant his crop of wheat, barley, canola and flax, it could mean an end to his decades of farming 2,300 acres (930 hectares) just south of the Canadian border. But his condition deteriorated and, due to the bad weather, even...


ATN Holdings eyes P1-B sales until 2022 from infra projects

MIKITA YO/UNSPLASHLISTED ATN HOLDINGS, Inc. is looking to generate P1 billion in the next two years from selling construction materials that will help it ride on the Philippines’ increased investments on infrastructure.


Bitcoin Plunges Along With Other Coins

Bitcoin plunged on Thursday in a sell-off that saw other digital assets fall more than 20%, a slide likely to stoke speculation about the durability of the latest boom in cryptocurrencies.


October BoP surplus biggest in nearly a decade

THE COUNTRY’S balance of payments (BoP) surplus reached its highest in nearly a decade in October, supported by the Bangko Sentral ng Pilipinas’ (BSP) income from foreign investments and foreign exchange operations.


MPIC finance chief Nicol to leave post by month’s end; replacement named

DAVID J. NICOL, chief financial officer of Metro Pacific Investments Corp. (MPIC), is leaving his post by the end of the month.


From Tesla and Rivian to Ford and GM: Take a look at the electric trucks automakers are planning

The automotive industry is gearing up for a battle royale as companies race to deliver the first all-electric pickup truck to the mass market.


CREATE bill finally hurdles Senate

REUTERSTHE SENATE on Thursday approved on third and final reading a measure that will immediately lower the corporate income tax (CIT) to 25% from the current 30% rate as well as streamline fiscal incentives.


Let Salesforce Billionaire Benioff Land His Trendy Tech Whale

A takeover would be risky, but nabbing Slack may be a risk worth taking.


Sausage Roll and Chips, Anyone? It’s Bleak News for British Pubs

Unless they can get creative, a slow December might mean the end for many local businesses.


Wirecard Sought to Obstruct a Special Audit That Hastened Its Demise

Wirecard AG continuously obstructed a special audit by accounting firm KPMG LLP, a probe that ended up uncovering fictitious bookings on a massive scale and hastened the collapse of the once high-flying German mobile payment company.


BSP approves regulatory framework for digital banks

BW FILE PHOTOTHE MONETARY BOARD has approved a regulatory framework for digital banks, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday.


Sonu Sood's Pravasirojgar raises Rs 250 crore from Temasek-backed GoodWorker

Sood during the COVID-19 lockdown had helped 7.5 lakh migrant workers and families reach their hometowns. Back in July, he had partnered with education and vocational skills provider Schoolnet India to launch Pravasirojgar.com


Price of K-pop love? An average of P68,000

AN assortment of merchandise featuring Eunhyuk of Super Junior. — LENY MAGISJ/FACEBOOKIT’S no question that K-pop — Korean popular music — has carved out a big chunk of the music world for itself and the resulting “fandoms” have evolved from being just fans clubs to actual forces of nature that can troll and derail a political rally and the social media of US President Donald Trump. And these K-pop fans spend — and spend a lot — for their...


Stock Rally Pauses as European Cyclicals Retreat: Markets Wrap

The rally in global risk assets lost steam as the spreading pandemic tempered gains in European stocks and U.S. equity futures. Bitcoin tumbled as much as 14%.


Chinese Lala cannot move in India

Founded in 2013, Lalamove entered the Indian market in December 2018 and launched services in 2019. Registered as Lalamove (India) Private Limited, the company claimed to have specialised in end-to-end logistical solutions


Samsung Galaxy S21 series to get Bixby voice unlock

Samsung plans to extend One UI 3.1 to all its Galaxy devices eventually.