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1 hour ago 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.
Pfizer and BioNTech vaccine is called BNT162b2.
18 November 03:59 PM Pfizer says final data shows coronavirus vaccine is 95% effective
Mubasher: Pfizer and BioNTech said on Wednesday that a final data analysis found their coronavirus vaccine was 95% effective in preventing COVID-19 and appeared to fend off severe disease, according to CNBC. The drugmakers said the vaccine, called …
The Danish firm recorded a 39% quarterly rise in EBITDA.
18 November 01:10 PM Maersk sees faster-than-expected quarterly rebound
Mubasher: Maersk, the world’s largest container shipping firm, matched third-quarter profit expectations amid a stronger-than-expected upswing in demand, CNBC reported on Wednesday. The Danish firm recorded a 39% quarterly rise in earnings before …
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.
This storage requirement is significantly below the standard for vaccines
17 November 04:01 PM Pfizer launches pilot delivery programme for COVID-19 vaccine in four US states
Mubasher: The US pharmaceutical company Pfizer has started a pilot delivery programme for its experimental coronavirus (COVID-19) vaccine in four US states, Reuters reported. This decision aims to face the challenges facing the ultra-cold storage …
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.
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.
The webinar discussed the expected economic impact of the next administration
1 November 02:26 PM How would the US elections impact the global economy?
Mubasher: With the presidential and congressional elections in the United States right around the corner, Kamco Invest hosted a webinar on the economic and financial impact of the upcoming US elections, which will take place on 3 November, with …
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.