Tuesday, 2 March 2021

Business

Hot tests completed at Pakistani nuclear power plant

KARACHI: The 1,100MW K2 reactor at the Karachi Nuclear Power Plant (Kanupp), the first unit using China’s homegrown ‘Hualong One’ technology, has successfully completed its thermal testing also known as hot functional tests (HTFs). China is building two Hualong One reactors with a capacity of 1,100MW each at the Karachi ...

Read More »

Turkey discovers large natural gas reserve

ISTUNBUL: President Tayyip Erdogan said on Friday Turkey discovered its biggest ever natural gas field holding 320 billion cubic meters (11.3 trillion cubic feet) in the Black Sea, and more could be found as the country works to provide it by as soon as 2023. If the gas can be ...

Read More »

Tobacco companies sue South African government over smoking ban

  JOHANNESBURG: Tobacco companies are determined to move forward with litigation against the South African government for its banning of tobacco products during the nearly five-month coronavirus lockdown. The tobacco ban – the only one of its kind worldwide – was imposed under the 2002 Disaster Management Act, the government justifying ...

Read More »

Tesla reportedly working on new Smartwatch with Xplora

LONDON: A recent FCC filing has revealed that Tesla Motors is apparently working to develop a new smartwatch. But the main question that arises here is why? The Elon Musk owned brand is known for its automobiles, although, it seems like it now also diversifying to include IoT products as ...

Read More »

Roche ‘disappointed’ with trial results for colitis drug

ZURICH: Roche Holding’s experimental drug etrolizumab did not fare well in late-stage clinical trials in treating people with moderate to severe ulcerative colitis, the Swiss drugmaker said. “Mixed results were seen in studies evaluating etrolizumab as an induction therapy, and both studies evaluating etrolizumab as a maintenance therapy failed to ...

Read More »

U.S. businesses in China face uncertainty after WeChat bans

HONG KONG: As Tencent assesses how its business might be impacted by a U.S. decision to ban its messenger app WeChat in the country, American companies in China may become unintended casualties due to their heavy reliance on the app, experts said. U.S. President Donald Trump unveiled sweeping bans on ...

Read More »

US signs $1 billion vaccine deal with Johnson & Johnson

WASHINGTON: The US government announced a new $1 billion investment in a COVID-19 vaccine being developed by Johnson & Johnson, guaranteeing 100 million doses. J&J, via its subsidiary Janssen, had already received $456 million in March. The new money will allow the company to ramp up production so that doses ...

Read More »

TikTok working on the new data center in Ireland

LONDON: TikTok said they are already working on the new Irish data center even before President Trump hinted about banning the app in the U.S. “It’s a significant investment,” TikTok Public Policy for Europe director Theo Bertram told the BBC, adding that the construction is a symbol of the company’s long-term ...

Read More »

European stocks rise, gold hits record awaiting US stimulus talks

BRUSSELS: European stock markets climbed solidly Wednesday after a mixed Asian showing, with traders tracking talks on a key US stimulus package that fuelled another record-high finish on Wall Street. Approaching midday, London’s benchmark FTSE 100 index was up 1.0 per cent, helped also by strong rebounds for the UK ...

Read More »