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| 24 January, 2021, 08:46 AM IST | E-Paper
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    Pfizer will ship fewer vaccine vials to account for ‘extra’ doses

    The distinction was critical: Pfizer’s contract with the federal government requires that it be paid by the dose. And there were serious public health implications. If the label’s formal language told people administering the vaccine that the vial contained a sixth dose, that could accelerate the pace of vaccinations at a crucial time.

    Tesla claims engineer stole secrets just days into the job

    According to Tesla, after investigators found thousands of confidential files in Khatilov’s personal storage, the engineer said he forgot about them and tried to destroy the data at the start of the interview. Tesla says it doesn’t know if he previously copied or sent the files to other locations.

    Alphabet's Sundar Pichai to hold video call with European Union antitrust chief on January 25

    EU antitrust chief Margrethe Vestager, who is pushing for tough new rules to rein in U.S. tech giants Google, Facebook, Apple and Amazon, will discuss digital and competition issues with Pichai, a Commission spokeswoman said.

    Chinese banks dispose of $467 billion soured assets in 2020, pressure remains

    The non-performing loan ratio of the banking sector was 1.92% at the end of 2020, the Banking and Insurance Regulatory Commission (CBIRC) said in a statement.

    France's Vivendi to buy 7.6% stake in Spain's Prisa

    French media company Vivendi said on Friday it agreed to buy a 7.6% stake in Spanish rival Prisa, the owner of influential newspaper El Pais.

    After pandemic, oil firms even less willing to cover $3.9 billion cost of South Africa's clean fuel plan

    New rules requiring oil refineries in South Africa to cut diesel sulphur levels to 10 parts per million (ppm) had been due to come into effect in 2017 but have been postponed indefinitely due to a disagreement between the government and SAPIA, which represents oil majors, over who will cover the cost.

    This small country in South America could be the next big oil find

    Exxon Mobil, Royal Dutch Shell, Total, Apache and several other companies are gearing up operations off Suriname’s coast.

    JPMorgan board holds CEO Jamie Dimon's annual pay at $31.5 million

    Dimon's total compensation will include the same annual base salary of $1.5 million and a performance-based incentive of $30 million, according to a regulatory filing.

    Volkswagen faces EU fine for missing 2020 emissions targets

    Concerned about global warming, as well as air pollution, European policymakers have clamped down on exhaust emissions, forcing carmakers to spur development of low-emission technology or face a penalty of 95 euros per gram of excess CO2 they emit.

    South Africa to pay $5.25 a dose for AstraZeneca vaccine from India's Serum Institute

    The price is higher than the $3 a dose that South Africa and other countries on the continent are due to pay for the same vaccines under an African Union (AU) arrangement, and the price European Union countries have agreed to pay.

    European Central Bank faces gloomier picture for economy

    European Central Bank faces gloomier picture for economy

    Spiking virus totals have led Germany, the eurozone's biggest economy, to extend restrictions on many businesses involving contact with the public until Feb. 14, while Portugal hit a record for new COVID-19 infections and France imposed a 6 p.m. curfew. Vaccination rollouts have been slower than many would like.

    China doubles new renewable capacity in 2020, but continues to builds thermal plants

    China doubles new renewable capacity in 2020, but continues to builds thermal plants

    China, the world's biggest greenhouse gas emitter, added 71.67 gigawatts (GW) of wind power capacity last year, the most ever and nearly triple 2019's levels, according to data released by the National Energy Administration (NEA) late Wednesday.

    United Airlines says it lost $7.1 bn in 2020 on Covid-19 hit

    United Airlines says it lost $7.1 bn in 2020 on Covid-19 hit

    Revenues for last year fell 64.5 percent to $15.4 billion, the latest bruising data for a US airline after travel slowed to a trickle in March at the height of coronavirus restrictions before recovering partly later in the year.

    Biden to order agencies to revisit vehicle tailpipe emissions standards

    Biden to order agencies to revisit vehicle tailpipe emissions standards

    The Trump administration in March finalized a rollback of U.S. Corporate Average Fuel Economy standards to require 1.5% annual increases in efficiency through 2026, well below the 5% yearly boosts in Obama administration rules it discarded.

    Alibaba-backed logistics firm Best weighs sale in strategic review, valued at $790 million

    Alibaba-backed logistics firm Best weighs sale in strategic review, valued at $790 million

    With the endorsement of Alibaba, its biggest shareholder, Best has tapped financial advisers to explore options as its shares have been underperforming and are worth a fifth of its IPO price in 2018, two of the people involved in the discussions said.

    UK inflation rises a little more than expected in December

    UK inflation rises a little more than expected in December

    Consumer prices rose 0.6% in annual terms after a 0.3% increase in November, the Office for National Statistics said.

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