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Gilead Sciences will soon start clinical trials for inhaled formulation of its anti-viral drug remdesivir. (ANI Photo)Business
Gilead Sciences to start trials of inhaled version of remdesivir

The FDA granted remdesivir an emergency use authorisation for the treatment of hospitalised patients with severe...

23 Jun 2020 3:47 PM IST

Workers assemble cars at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central Chinas Hubei province. Asias factory pain worsens as Chinas recovery fails to lift demand. (AFP Photo)Business
Maharashtra govt freezes 3 Chinese projects worth Rs 5 crore

Hengli Engineering was to invest Rs 250 crore and PMI Rs 1,000 crore in the auto sector

23 Jun 2020 3:33 PM IST

Global trade is expected to drop around 18.5 percent year-on-year in the second quarter of 2020. (AFP Photo)Business
WTO: Global trade set to shrink 18.5% in Q2

The global trade body said that in the first quarter, the volume of merchandise trade shrank by 3% year-on-year.

23 Jun 2020 3:26 PM IST

Former chief executive of Wirecard, Markus Braun, arrested on suspicion of market manipulation. (AFP Photo)Business
Wirecard scandal: Former CEO Markus Braun arrested over missing...

German payments provider Wirecard on Monday admitted 1.9 billion euros that auditors say are missing from its accounts...

23 Jun 2020 3:06 PM IST

Nestle to change the name of two popular Australian confectionery products, Red Skins and Chicos sweets. (AFP Photo)Business
Nestle to rename two popular candies amid global backlash over racist...

Last week, PepsiCo Inc said it would change the name and brand image of its Aunt Jemima pancake mix, which have been...

23 Jun 2020 2:33 PM IST

Google CEO Sundar Pichai disappointed with Donald Trumps foreign work visa suspension. (PTI Photo)Business
-"Disappointed-" says Google CEO Sundar Pichai on H1-B visa ban

Pichai said he would stand with immigrants and work to expand opportunity for all

23 Jun 2020 1:23 PM IST

Workers transferring aluminium foil for export to India at a factory in Huaibei in Chinas eastern Anhui province. India initiates probe into alleged dumping of aluminium foil from 4 nations. (AFP Photo)Business
India initiates probe into alleged dumping of aluminium foil from...

The applicants alleged that dumping has impacted the industry and has requested for imposition of the anti-dumping duty...

23 Jun 2020 12:52 PM IST

US Transportation Department on Monday accused the Indian government of engaging in unfair and discriminatory practices on charter air transportation services. (AFP Photo)Business
US accuses Indian charter flights of unfair practices'

The department said it seeks to restore a level playing field for US airlines under the US-India Air Transport...

23 Jun 2020 11:59 AM IST

Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 55 paise. (PTI Photo)Business
Fuel prices rise on 17th day, petrol price hiked by 20 paise, diesel...

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax...

23 Jun 2020 11:40 AM IST

US President Donald Trump suspended the entry into the United States of certain foreign workers on Monday. (AFP Photo)Business
Trump blocks H1B visa, business groups say decision will hurt US...

The visa suspension, will open up 525,000 jobs for US workers, a senior administration official said

23 Jun 2020 10:54 AM IST

Wirecard is a payments processor, offering companies services allowing them to accept credit cards and digital payments like Apple Pay or Paypal in stores, online or on mobile. In the picture, the Internet World Fair 2017 in Munich, Germany, Wirecard-Stand (Photo | Wikimedia Commons - Ordercrazy)Business
What's the Wirecard scandal? Here's five things to know

Here are the most important facts about a scandal that compares with the collapse of US energy company Enron in the...

22 Jun 2020 8:23 PM IST

The admission follows more than a year of reporting, especially by the Financial Times, on accounting irregularities in Wirecards Asian division. (Photo | AFP)Business
Payments services major Wirecard admits 1.9 bn euros missing, in...

Auditors say the 1.9 billion euros that were supposedly sitting in trust accounts in the Philippines likely do not...

22 Jun 2020 7:55 PM IST

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