BioNTech committed to deliver 1.8 billion doses of COVID-19 vaccine this year

© Reuters. FILE PHOTO: Empty vials of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine are seen at The Michener Institute, in Toronto, Canada January 4, 2021 in this file photo. REUTERS/Carlos Osorio/File Photo By Ludwig Burger FRANKFURT (Reuters) – BioNTech said on Monday that its order backlog together with partner Pfizer (NYSE:) for delivery of COVID-19 […]

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China fines Alibaba record $2.75 billion for anti-monopoly violations

© Reuters. FILE PHOTO: FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing By David Stanway and Scott Murdoch SHANGHAI/HONG KONG (Reuters) -China slapped a record 18 billion yuan ($ 2.75 billion) fine on Alibaba (NYSE:) Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had […]

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U.S. House bill seeks $8 billion for abandoned oil and gas well cleanup

© Reuters. Abandoned oil well in Olean, New York By Nichola Groom (Reuters) – A U.S House of Representatives Democrat introduced a bill on Thursday authorizing $ 8 billion to plug and clean up abandoned oil wells nationwide, a measure aimed at creating jobs for oil and gas workers and reducing climate-warming emissions. More than […]

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SoftBank to lead nearly $1.2 billion investment in diagnostics firm Invitae

© Reuters. FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo (Reuters) -Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest $ 1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible […]

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IMF approves $2.34 billion in new financing arrangements for Kenya

© Reuters. FILE PHOTO: A vendor arranges second-hand shoes for sale at an open stall during Good Friday, after the government banned gatherings amid concerns about the spread of COVID-19 at the Kibera slums in Nairobi By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Friday said its board had approved new three-year […]

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Cathie Wood Storms Back as ARKK, Space Fund Lure $1 Billion

© Reuters Cathie Wood Storms Back as ARKK, Space Fund Lure $ 1 Billion (Bloomberg) — A pair of Cathie Wood exchange-traded funds added around $ 1 billion in a single day this week in an emphatic display of investor loyalty toward the famed Ark Investment Management founder. The flagship Ark Innovation ETF (NYSE:) took in […]

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Aviation startup Lilium to float in US via $3.3 billion SPAC deal

© Reuters. A handout picture from Munich flying taxi startup Lilium shows its five-seater prototype By Douglas Busvine BERLIN (Reuters) -German air shuttle startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blank-cheque acquisition company, in a deal valuing the combined business […]

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Goldman sold $10.5 billion of stocks in block-trade spree: Bloomberg News

© Reuters. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York (Reuters) – Goldman Sachs Group Inc (NYSE:) liquidated $ 10.5 billion worth of stocks in block trades as part of a selling spree that erased $ 35 billion from the values […]

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Low-cost carrier Frontier aims for $4.52 billion valuation in U.S. IPO

© Reuters. FILE PHOTO: A Frontier Airlines Airbus A320neo plane departs from O’Hare International Airport in Chicago (Reuters) – Frontier Group is aiming for a valuation of $ 4.52 billion in its U.S. initial public offering (IPO), according to a regulatory filing by the low-cost carrier on Tuesday, as the industry prepares for a rebound […]

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UBS faces at least $3.6 billion in penalties in French tax case appeal

PARIS (Reuters) – French prosecutors will seek to fine UBS at least 2 billion euros for allegedly helping wealthy clients stash undeclared assets offshore, the Paris court handling the Swiss bank’s appeal against earlier penalties on the matter said. The French state is also seeking 1 billion euros in damages, the court said in a […]

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