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The UK has terminated an agreement with France-based biotech company Valneva for the supply of at least 100m doses of Covid-19 vaccine, saying the company was in breach of its obligations under the deal. The company “strenuously” denied the claim in a statement on Monday. The deal was worth up to €1.4bn, with manufacturing due

Ireland is failing to apply the EU’s privacy laws to US Big Tech companies, with 98 per cent of 164 significant complaints about privacy abuses still unresolved by its regulator. Google, Facebook, Apple, Microsoft and Twitter all have their European headquarters in Dublin, making Ireland’s Data Protection Commissioner the lead EU regulator responsible for holding

Reconstructing lost records and filing tax returns may not be at the top of most people’s to-do lists in the wake of a hurricane, a wildfire, or a global pandemic. Nevertheless, they are critical for a number of reasons, including getting reimbursement for the damage from an insurance company, obtaining federal assistance, and reporting losses

Democrats in the House of Representatives want to scale back Joe Biden’s proposed tax increases on corporate income and capital gains, as part of $2.9tn in tax hikes to pay for the US president’s expansion of the social safety net. The draft tax plan was circulated on Sunday among members of the House Ways and

The UK chancellor faces a further backlash over tax hikes for the corporate sector, with claims that he is risking business investment and taking the “easy option” of turning to companies to fund higher public spending. Tony Danker, head of the CBI, will say in a speech he is “deeply worried” the government thinks that

What Is a Cryptocurrency ETF?  A cryptocurrency exchange-traded fund (ETF) is a fund consisting of cryptocurrencies. While most ETFs track an index or a basket of assets, a cryptocurrency ETF tracks the price of one or more digital tokens. Based on investor sales or purchases, the share price of cryptocurrency ETFs fluctuates on a daily

Chewy CEO Sumit Singh (C) rings the opening bell to commence the day’s trading for the Chewy Inc. IPO at the New York Stock Exchange (NYSE), June 14, 2019. Andrew Kelly | Reuters From e-commerce-driven pet healthcare, to cybersecurity, to online sports gaming, upside potential lies in many sectors of the stock market. Financial data

California governor Gavin Newsom’s chances of remaining in office have improved ahead of Tuesday’s recall election, with a surge of Democrats casting early ballots and polls showing most voters opposing the effort to remove him from office. Newsom will get another boost on Monday when President Joe Biden appears by his side at an event

The Scottish National party’s autumn conference on Sunday called for a second referendum on independence from the UK to be held as soon as health data show that a “full, normal, and energetic” campaign would be safe. While effectively endorsing the insistence of SNP leader Nicola Sturgeon that a referendum must be held only after

Penny stocks come with high risks and the potential for above-average returns, and investing in them requires care and caution. Because of their inherent risks, few full-service brokerages even offer penny stocks to their clients. Many are shares in companies that are headed for bankruptcy, small or new companies with little or no following, or businesses

When historians look back at the nature of work in the second half of 2021, they will find some odd developments. A US president has ordered large companies to insist their staff get vaccinated against a virus or submit to weekly testing. Wall Street banks have barred people from their US premises who have not

Minutes after the news broke this week that Doug Field, the former Tesla executive who led Apple’s car project, was defecting to Ford, the Cupertino company’s venture called an all-hands meeting. Field, who explained he was joining the Detroit carmaker for the chance “to try to make a difference”, was the latest in a long

Investing in unprofitable companies is generally a high-risk, high-reward proposition, but one that many investors seem willing to make. For them, the possibility of stumbling upon small biotech with a potential blockbuster drug, or a junior miner that unearths a major mineral discovery, means the risk is well worth taking. While hundreds of publicly traded

Emma Raducanu won the women’s US Open title on Saturday, stunning the tennis world by becoming the first player to win the Grand Slam trophy after entering the tournament through its qualification rounds. The 18-year-old from Kent is the first British woman to win a major tournament since Virginia Wade’s victory at Wimbledon in 1977.

Two days before Prime Minister Yoshihide Suga announced his resignation, Japan finally got around to launching his flagship Digital Agency — a new cybernetic arm of government cranked into existence by analogue panic over the sheer volume of paper involved in day-to-day government. For all the necessity of creating such a body, and endowing it

Emma Raducanu, the British teenage tennis sensation, had not expected to play in this year’s US Open.  The 18-year-old had booked flights back from New York at the end of the qualification phase two weeks ago, assuming she would not progress to the grand slam tournament’s main stages. Her travel plans were radically altered by

Maskot | Maskot | Getty Images Company: Vonage Holdings Corp. (VG) Business: Vonage is a collection of three main businesses: (i) the legacy consumer VOIP business; (ii) Application Programing Interface (API) business, which helps companies communicate to their customers through text messaging and (iii) Cloud-based Enterprise Communication as a Service business (CaaS). Stock Market Value:

US president Joe Biden is commemorating the 20th anniversary of the September 11 attacks on Saturday by visiting all three US sites that were targeted by al-Qaeda. Biden joined a New York ceremony to mark a moment of silence beginning at 8.46am, the time the first of four hijacked planes ploughed into the North Tower

President Biden announced on Thursday, September 9, 2021, new steps designed to fight COVID-19 including a vaccination mandate for up to 80 million American workers. The mandate applies to companies with 100 or more employees and will be imposed by the Occupational Safety and Health Administration (OSHA), part of the Department of Labor (DOL). Under

In this article CG (Click here to subscribe to the new Delivering Alpha newsletter.) Kewsong Lee is closing out one trip around the sun as sole CEO of The Carlyle Group. It was a unique year for the private equity firm — which oversees more than $270 billion in private assets — with the multitude of challenges

“People react to fear, not love,” Richard Nixon once said about US voters. “They don’t teach that in Sunday school but it’s true.” In the 20 years since the 9/11 terrorist attacks, Nixon’s jaundiced view of democracy has been put to the test and found to be frequently true. But the story of how America

The more satellites there are flying around in low-earth orbit, the more likely they are to collide, fragment and spawn an escalating series of collisions. The space industry and its regulators need to disprove that theory — known as the Kessler Effect — to keep insurance costs down and investment plentiful. Space is certainly getting

To stream or not to stream? That was a question for the Walt Disney Company (DIS) after it drew fire from stakeholders for its last release. The Burbank company’s latest movie, which was released in theaters only, set the box office on fire this past weekend. But it may still fail to provide an answer

In this article RKLB The company rings the Nasdaq bell from its headquarters on Aug. 25, 2021. Rocket Lab Khosla Ventures, the Silicon Valley venture capital firm founded by Indian-American billionaire Vinod Khosla, made multiple early bets on Rocket Lab that are paying off enormously now that the space company is public. The VC firm

A clash erupted between two of the world’s most prominent investors this week, reflecting a widening divide on Wall Street about the viability of putting money to work in China. Fund managers have been cooling on the world’s second-largest economy since president Xi Jinping launched a volley of regulatory stings against sectors ranging from education

Senior US officials are debating whether to open an investigation into China’s use of industrial subsidies, in a move that could spark an escalation in trade tensions between Washington and Beijing. The discussions within Joe Biden’s administration could ultimately lead America to impose a new round of punitive tariffs on products from China, although such

Each year, roughly 800,000 couples get divorced in the United States. More often than not, divorce is time-intensive and emotionally draining, and divorce proceedings can last upwards of a year, with the total cost averaging $12,900. While you don’t have to have a lawyer to get divorced, the process is legally complicated, and being without

Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019. Shannon Stapleton | Reuters Bank of America CEO Brian Moynihan announced the most sweeping management overhaul of his 12-year tenure atop the giant financial institution. In a memo distributed to employees on Friday, Moynihan named

Asked this summer whether he was too unemotional, Olaf Scholz retorted that he was “running for the job of chancellor, not circus director”. It was a typical rejoinder from a man so cool and occasionally robotic that he’s been nicknamed the “Scholzomat”. In some countries this might be a handicap, but in Germany it is

The posters are optimistic enough: “Welcome to new London” and “A new destination for contemporary urban living”. Perhaps the only surprise is that they’re next to the former Millennium Dome and not far from the southern terminus of the Emirates Air Line cable car. It’s a reminder that the Greenwich Peninsula is an area that