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TikTok quits HK as US giants suspend processing data requests


July 8, 2020

NEW YORK: Chinese-owned social media platform TikTok announced on Tuesday it would pull out of Hong Kong within days, as global tech giants struggle to figure out how to operate in the city under sweeping new security rules imposed by Beijing. Major US internet companies including Facebook, Micro­soft, Google, Twitter and Zoom have all announced they have suspended the processing …

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Samsung Electronics forecasts profits jump despite virus


July 7, 2020

Samsung Electronics forecast a 23-percent rise in second-quarter operating profit Tuesday, with strong demand for memory chips and displays overcoming the impact of the coronavirus pandemic on smartphone sales. The world’s biggest smartphone and memory chip maker said in an earnings estimate that it expected operating profit to be 8.1 trillion won ($6.8 billion) for April-June, up from 6.6 trillion …

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WHO says reviewing concerns over airborne spread of COVID-19


July 7, 2020

GENEVA: The World Health Organization (WHO) is reviewing a report that suggested its advice on the novel coronavirus needs updating, after some scientists told the New York Times there was evidence the virus could be spread by tiny particles in the air. The WHO says the COVID-19 disease spreads primarily through small droplets, which are expelled from the nose and …

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Uber scoops up Postmates for $2.65bn


July 7, 2020

NEW YORK: Uber Technologies Inc on Monday said it would acquire Postmates Inc for $2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service. The all-stock deal, still subject to regulatory approval, would give Uber a roughly 30 per cent …

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Uber agrees deal to buy food delivery app Postmates


July 6, 2020

Uber has agreed to buy food delivery app Postmates in a multibillion dollar deal, according to Bloomberg.  The San Francisco-based rideshare giant has been badly affected by the coronavirus pandemic — cutting a quarter of its global workforce in May — and has been looking to boost its growing food delivery service Uber Eats. Bloomberg reported an expected $2.65 billion …

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When coronavirus robs you of your sense of smell


July 6, 2020

PARIS: “What I miss most is the smell of my son when I kiss him,” says Jean-Michel Maillard. Anosmia — the loss of one’s sense of smell — may be an invisible handicap, but is psychologically difficult to live with and has no real treatment, he says. And it is the price that an increasing number of people are paying …

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Here is what you should know about world’s ‘leading’ COVID-19 vaccine candidate


July 6, 2020

World Health Organization (WHO) chief scientist last month described AstraZeneca’s COVID-19 vaccine candidate as the world’s leading candidate and most advanced in terms of development. Soumya Swaminathan had said that Moderna’s COVID-19 vaccine candidate was also “not far behind” Astrazeneca’s, among more than 200 candidates, 15 of which have entered clinical trials. Here is what you should know about AstraZeneca’s …

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Digitisation gets a push amid Covid-19


July 6, 2020

EVER since the coronavirus outbreak forced people to distance, there’s been a lot of talk in financial and tech circles of the accelerating behavioural shift that will push digitisation. But so far, little evidence has surfaced at a broad level to substantiate the claims. To get a better sense of the underlying trends, let’s take a look at the data …

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Satellite-carrying rocket ‘lost’ after New Zealand launch


July 5, 2020

A commercial rocket carrying seven satellites was “lost” after take-off Sunday from a New Zealand launch pad, the owner Rocket Lab said. “We lost the flight late into the mission,” Peter Beck, Rocket Lab’s founder and chief executive, tweeted. “I am incredibly sorry that we failed to deliver our customers’ satellites today. Rest assured we will find the issue, correct …

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Here is what you should know about Moderna’s COVID-19 vaccine candidate


July 4, 2020

The World Health Organization (WHO) recently named AstraZeneca’s AZD1222 and Moderna’s mRNA-1273 as two of the leading candidates in the COVID-19 vaccine race. Here we look at what Moderna’s mRNA-1273 has to offer. About mRNA-1273, Moderna’s Vaccine Candidate Against COVID-19 mRNA-1273 is an mRNA vaccine candidate against COVID-19 encoding for a prefusion stabilized form of the Spike (S) protein, which was selected by Moderna …

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