4 mn read Much awaited, good news for Pakistan; Financial Action Task Force (FATF) gave a green signal to exclude Pakistan from its ‘Gray List’. It is said in the FATF declaration that Pakistan has completed its task against money laundering and terror financing, soon FATF team will visit Pakistan and verify the actions done.
3 mn read Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) today announced positive data evaluating the safety, tolerability, and immunogenicity of two Omicron-adapted COVID-19 vaccine candidates: one monovalent and the other bivalent, a combination of the Pfizer-BioNTech COVID-19 Vaccine and a vaccine candidate targeting the spike protein of the Omicron BA.1 variant of concern. Data from the Phase 2/3 trial found that a booster dose of both Omicron-adapted vaccine candidates elicited a substantially higher immune response against Omicron BA.1 as compared to the companies’ current COVID-19 vaccine. The robust immune response was seen across two investigational dose levels, 30 µg and 60 µg.
10 mn read Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE) today announced the signing of a second amendment (the “Amended Agreement”) to its previously announced merger agreement with Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., dated February 5, 2022.
2 mn read After years of work and advocacy to ensure legal protection for workers’ pensions in case of bankruptcy, the United Steelworkers union (USW) announced its full support today for a new three-party agreement that would finally make these protections a reality.
4 mn read Apple sits on top of the Kantar BrandZ Most Valuable Global Brands 2022 ranking and is on track to become the first trillion-dollar brand. With a brand value of $947.1bn, Apple stands out for its high degree of differentiation and continued diversification across its hardware, software and services portfolio. Google moves up to second place and is one of the fastest risers in the ranking, increasing its brand value by 79% to $819.6bn. Google’s suite of work and productivity apps have made it an essential part of consumers’ lives worldwide.
3 mn read India is emerging as a Start up Hub. In 2021 Global Startup Ecosystem Index by Startup Blink ranked India 20th among 100 other countries on the list. Delhi, Mumbai and Bengaluru featured in top 20 cities globally for the same. The country’s position has improved from 81 to 48 in the Global Innovation Index 2020, which points to India’s developing potential. India’s performance in tech sector has been boosted up because of ‘Digital India’ campaign launched by Indian administration in 2015. Startups are adapting digital mode and providing online to Indians. Online shopping platforms to food platforms, entertainment to medical facilities, has changed the lifestyle of Indians.
3 mn read Jammu and Kashmir has been an acknowledged challenge for every Indian administration. After the partition, conflicts and disputes escalated and today the situation is outrageously out. Modi administration suddenly came up with an aggressive plan of action when Article 370 abrogated from Indian constitution in 2018, that ended special status of the state. Though Prime Minister Narendra Modi was criticized by the opposition and activists after, big sections of Hindu community and supporters of Bhartiya Janta Party expressed gratification and satisfaction with the decision. Hindus called it a revenge of 1990 genocide. The administration was applauded for taking an awaited step and gain massive popularity overnight.
6 mn read The government increased petroleum prices twice last week. Each time the per liter rate was raised by PKR 30, which means, in totality, there was an increase of PKR 60 in one week. This is the highest ever increment in fuel prices since Pakistan got freedom from the British Empire in 1947.
3 mn read Temperature in India is soaring higher and higher each day. Indian states are recording rise in temperature this season right from the beginning of March. According to the Indian Meteorological Department (IMD), average temperature across the country has witnessed a continuous jump since 1991. The information is released after analyzing and comparison of recorded temperature, extracted from 1981 to 2010. Director general of Meteorological department, M Mohapatra in a statement said, ‘The excess heat is increasing the moisture holding capacity of atmosphere during these seasons, leading to a spike in heavy and extremely heavy rainfall events.’ Weather department is warning of heatwave conditions throughout the month.
< 1 mn read Current and former employees are speaking out against the company’s “Workplace Activity Data Utility” (WADU). Implemented in 2020, the system is designed to collect a variety of data points to support “business efficiency, resiliency and workplace health and safety.” Statements on the company intranet indicate the information “may not be used for any other purposes.”
