Serbian tennis star Novak Djokovic, recently deported from Australia due to his coronavirus vaccine status, is co-founder and majority shareholder of a biotech firm developing a Covid-19 treatment, the Danish company’s CEO said Wednesday. “He is one of the founders of my company we founded in June 2020,” the chief executive of QuantBioRes, Ivan Loncarevic, … Read more
China’s politically volatile global trade surplus surged to $676.4 billion in 2021, likely the highest ever for any country, as exports jumped 29.9% over a year earlier despite semiconductor shortages that disrupted manufacturing. The country’s monthly trade surplus in December swelled 20.8% over a year earlier to a record $94.4 billion, customs data showed Friday. … Read more
European Union regulators warned that frequent Covid-19 booster shots could adversely affect the immune system and may not be feasible. Repeat booster doses every four months could eventually weaken the immune system and tire out people, according to the European Medicines Agency. Instead, countries should leave more time between booster programs and tie them to … Read more
Scientists have developed a new molecule that attaches to the surface of the SARS-CoV-2 virus and prevents it from entering human cells and spreading the COVID-19 infection. The researchers at Aarhus University in Denmark noted that the molecule is cheaper and easier to manufacture than the antibodies currently used to treat COVID-19, and to detect … Read more
India Inc on Thursday urged the Centre to follow a uniform policy across the country at all entry points to address concerns about the Omicron variant of coronavirus and cautioned against any knee-jerk reaction that could impact livelihoods. “We caution against any knee-jerk reactions which will only cause panic and disrupt lives and livelihoods without … Read more
China is imposing mandatory quarantines of up to seven weeks for returning Chinese seafarers. Crew changes are getting more difficult due to stricter government requirements, says the Global Maritime Forum. Ships are rerouting to work around China’s restrictions, prolonging shipments. China’s strict COVID-19 quarantines are making it difficult for ships to change crews, contributing to … Read more
The Company has confirmed that it is developing a nasal spray for COVID-19 prevention for which it has initiated the clinical trials. Key points to note – The product would be helpful in preventing infection and transmission of COVID-19. It has been developed by scientists at ITC Life Sciences and Technology Centre (LSTC). The same … Read more
In an Economic Times report of November 5, there were some corporate governance issues at Indusind’s microfinance subsidiary Bharat Financial Inclusion (BFI). Indusind had acquired BFI (erswhile SKS Microfinance) in March 2019. As per the subject report – Between October 17 and 24, several senior employees of BFI had written to the Reserve Bank of … Read more
Airlines can now operate a maximum of 85 per cent of their pre-Covid domestic flights instead of the 72.5 per cent allowed till date, the ministry of civil aviation stated on Saturday. The carriers have been operating 72.5 per cent of their pre-Covid domestic flights since August 12, according to the ministry’s order. Between July … Read more