World

Royal Enfield establishes first overseas assembly unit in Argentina

Argentina is one of the biggest mid-size motorcycle markets in Latin America, and the company aims for a significant chunk of the Latin American market with this strategic move.

Renault may have to cut more costs to get out of the red zone, says CEO Luca de Meo

Luca de Meo, who took over as CEO in July, wrote in the memo that generating cash and restoring profitability was an immediate priority.

French luxury giant LVMH calls off Tiffany & Co. acquisition deal

The deal, struck in November 2019, ran into trouble after COVID-19-induced lockdowns closed shops globally and halted international travel, hitting demand for luxury goods badly.

UK Pharmaceutical company AstraZeneca stops Coronavirus vaccine trial after unforeseen illness in voluntary

Pharmaceutical company AstraZeneca said Tuesday it had "voluntarily paused" a randomised clinical trial of its coronavirus vaccine in what it called a routine action after a volunteer developed an unexplained illness.

Temasek Holdings’ net portfolio value for last FY drops from record high

General Motors takes 11% stake in electric-vehicle company Nikola

UK house prices witness biggest jump since 2016: Survey

The price of the average U.K. house hit £245,747 – the first time on record that prices have crossed the mark of £245,000.

China celebrates its response to the COVID-19 pandemic by a medal ceremony

While the number of people affected by the Coronavirus keeps mounting every day, China celebrated 22-days of not reporting a single case in a pompous ceremony in which Chinese President Xi Jinping awarded medals to citizens who played critical parts in China's battle against the virus.

Oil prices slump to their lowest level, WTI slips 8% to trade at $36.58/barrel

Futures tied to West Texas Intermediate, the benchmark grade of U.S. crude oil, tumbled 8% to $36.58 a barrel in New York, their lowest price since mid-June.

Missing leader of the opposition in Belarus detained at Ukraine by Border Forces

One of Belarus's leading opposition figures Maria Kolesnikova has been detained while trying to cross into Ukraine.

Tesla stock plunges as it fails to make it into S&P 500 Index

Wall Street analysts and investors widely expected Elon Musk's electric-car maker to join the S&P 500 after the company posted its fourth consecutive quarter of profitability in July.

Serum Institute CEO, Adar Poonawalla remains optimistic on development of Oxford COVID-19 Vaccine

The Serum Institute is the world’s largest manufacturer of vaccines by volume and has signed an agreement to manufacture the potential vaccine developed by the Jenner Institute of Oxford University.

South Africa’s GDP plunges 51% in second quarter as COVID-19 ravages economy

South Africa's economic output contracted by 51% in the second quarter of 2020.

COVID-19 Blues! India Ratings revises FY 2020-21 GDP growth projection to -11.8%

According to the outlook, while a second wave of infections is being witnessed worldwide, the South Asian nation has not been able to flatten the first wave of infection curve.

SMIC declines links with military as US considers blacklisting chipmaker

In a move that has the potential to dramatically escalate the already fractious trade and technology war between the two nations, US administration is weighing the option of placing export restrictions on China’s Semiconductor Manufacturing International Corp.

UNICEF to lead global procurement and supply of COVID-19 vaccines for low income countries

In what could possibly be the world's largest and fastest ever operation of its kind, UNICEF has announced that it will be leading the procurement and supply of coronavirus vaccines to ensure that all countries have safe, fast, and equitable access to initial doses when they are available.