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Global Reports

24 November 04:59 PM Airlines to record $157bn losses in 2020, 2021 - IATA
The IATA warned of $157 billion losses expected to be witnessed by airlines in 2020 and 2021 due to COVID-19.
24 November 02:42 PM Elon Musk becomes world's second-richest person
Elon Musk has officially overtaken Bill Gates to become the world's second-richest person.
23 November 03:49 PM AstraZeneca-Oxford COVID-19 vaccine can be 90% effective
Mubasher: The UK’s pharmaceutical giant AstraZeneca announced that its coronavirus (COVID-19) vaccine could be about 90% effective.
17 November 04:59 PM Amazon enters online pharmacy business  
Mubasher: Amazon.com launched an online pharmacy called, allowing customers in the US to order prescription medications for home delivery.
16 November 04:34 PM Moderna vaccine found 94.5% effective in preventing COVID-19
Moderna Inc on Monday said its experimental vaccine was 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial.
16 November 03:44 PM OPEC+ starts meetings to support oil market amid COVID-19
OPEC+, are holding meetings starting on Monday to highlight ways to support the oil market in 2021 amid the surge of Coronavirus (COVID-19) again.
12 November 01:27 PM IEA says coronavirus vaccines unlikely to rescue oil market soon
The International Energy Agency said it does not expect the prospect of a coronavirus vaccine to significantly boost oil demand until well into next year.
12 November 11:47 AM Global M&A activity showcases improvement in September
The global mergers and acquisitions (M&A) deal landscape showcased improvement in September 2020, after it was affected by the coronavirus outbreak during the third quarter.
9 November 04:34 PM Pfizer, BioNTech's COVID-19 vaccine candidate over 90% effective
The mRNA-based vaccine candidate of Pfizer and BioNTech has shown over 90% efficacy in preventing coronavirus (COVID-19).
8 November 03:23 PM Biden calls for unity in US presidential victory speech 
Biden said that “it was time to heal” a divided America, while President Donald Trump rejected to concede.
5 November 03:28 PM Alibaba quarterly revenue more than expected
China's Alibaba Group Holding Ltd beat estimates for quarterly revenue, as its core e-commerce business continued to rise following China's emergence from the coronavirus lockdown.
5 November 01:53 PM Biden moves closer to winning US presidential race
Democrat Joe Biden on Thursday stepped closer to victory in the US presidential race.
4 November 05:29 PM US trade deficit shrinks 4.7% in September on higher exports
Mubasher: The US trade deficit narrowed by 4.7% in September on the back of higher exports of farm crops, including soy beans.
4 November 12:49 PM BMW third-quarter earnings rebound
BMW's third-quarter (Q3) profit rose by around 10%, driven by Chinese demand for luxury cars.
3 November 02:43 PM Lenovo Q3 earnings surpass expectations
China’s Lenovo Group logged a better-than-expected quarterly profit and said it is continuing to benefit from new normal remote working after COVID-19.
2 November 05:49 PM Two US mall owners file for bankruptcy amid coronavirus crisis
Cairo – Mubasher: Mall owners CBL & Associates and Pennsylvania Real Estate Investment Trust have filed a chapter 11 petition.
2 November 02:16 PM China may account for highest petrochemical capacity additions by 2030
The global petrochemical capacity is set to witness a 42% growth by 2030.
2 November 12:24 PM South Africa’s Aspen reaches deal to make J&J vaccine candidate
Aspen Pharmacare on Monday said it had reached an initial agreement with Johnson & Johnson (J&J) to commercially manufacture its COVID-19 vaccine candidate.
29 October 03:04 PM Ford reports stronger-than-expected Q3 profit as demand revives  
Ford achieved a higher-than-expected third-quarter net profit as demand for cars and trucks recovered from coronavirus shutdowns.
29 October 02:14 PM Credit Suisse third-quarter profits fall 38%
Credit Suisse saw a 38% plunge in third quarter (Q3) net profit, as its wealth management business was hurt by significant foreign exchange headwinds.
28 October 05:07 PM Boeing to cut more jobs as fourth quarterly loss reported
Mubasher: Boeing Co will reduce its staff by an additional 7,000 jobs as the US plane maker reported its fourth straight quarterly loss.
28 October 02:06 PM GE sees smaller loss as business recovers from pandemic
General Electric Co (GE) has achieved a smaller quarterly loss and positive cash flow.
28 October 12:22 PM Airlines need to cut jobs to save cash - IATA
The airline industry will need to decrease jobs to save costs and avoid bankruptcies in 2021.
27 October 02:18 PM AMD to acquire competitor chipmaker Xilinx for $35bn
Mubasher: Advanced Micro Devices Inc (AMD) agreed to acquire rival chipmaker Xilinx Inc in a $35 billion all-stock deal, Reuters reported on Tuesday.
27 October 12:14 PM Global FDI flows shrink 49% in H1-20 amid COVID-19
Global foreign direct investment (FDI) flows plunged by 49% during the first half (H1) of 2020, when compared to 2019.