By P. Kandiah and Geetha Kandiah Moderna Inc., Sanofi, AstraZeneca plc, Roche, Gilead Sciences and Novartis are just some of the many pharmaceutical companies working to fast-track the development of a coronavirus vaccine. Many companies and research institutions from various countries are racing to develop the vaccine for COVID-19. Who...
BEIJING, May 29 (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group. Ninety percent of the 100 or so respondents said they...
By Josh Horwitz SHANGHAI, May 22 (Reuters) - The latest U.S. government action against China's Huawei takes direct aim at the company's HiSilicon chip division -- a business that in a few short years has become central to China's ambitions in semiconductor technology but will now lose access to tools...
By Ludwig Burger May 22 (Reuters) - Oxford University and AstraZeneca are recruiting around 10,000 adults and children in Britain for trials of an experimental coronavirus vaccine, a day after receiving U.S. backing worth up to $1.2 billion. Institutions across Britain had begun enrolling up to 10,260 adults and children to...
By Sarah Young LONDON, May 20 (Reuters) - Rolls-Royce plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to the UK economy and aviation industry dealt by the coronavirus pandemic. The company, which makes engines for planes such as the Boeing...
SHANGHAI, May 20 (Reuters) - Xiaomi Corp reported a 13.6% rise in first-quarter revenue on Wednesday, beating estimates, as the Chinese smartphone maker sold more phones and benefited from sales of its higher-priced 5G models. The company managed to boost sales despite the impact of the coronavirus, which rattled supply...
By Karen Braun FORT COLLINS, Colo., May 19 (Reuters) - It was bad news for Australian barley growers on Monday as China applied an 80.5% import tariff on the grain, likely a similar gut-punch felt by U.S. soybean farmers when their trade was all but choked off with China two...
By Makiko Yamazaki TOKYO, May 19 (Reuters) - Sony Corp will turn its financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesday. The deal will allow Sony to strengthen...
By Abhinav Ramnarayan, Julie Zhu and Michelle Price LONDON/HONG KONG/WASHINGTON, May 18 (Reuters)  China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to revive deals under a Stock Connect scheme and strengthen overseas ties in the wake of the coronavirus...
Julie Steenhuysen CHICAGO (Reuters) - Over a third of patients treated for COVID-19 in a large New York medical system developed acute kidney injury, and nearly 15% required dialysis, U.S. researchers reported on Thursday. The study was conducted by a team at Northwell Health, the largest health provider in New York...