Business News

EU trade chief pushes for more Covid jab production, not patent waiver

Europe’s trade chief has called for a rapid increase in global vaccine production as the best way to fight the pandemic, arguing ahead of crucial talks next week against a narrow focus on US-backed patent exemptions. Valdis Dombrovskis told the Financial Times that the EU’s approach established “vaccine response strategies in effect”, insisting that “the …

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UK and EU launch antitrust investigations into Facebook

Regulators in Brussels and the UK have launched official competition investigations into Facebook, in a joint attack on the social media company’s use of customer data to dominate core markets such as digital advertising. In a statement on Friday, the UK Competition and Markets Authority said it was investigating whether Facebook was “abusing a dominant …

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The latest coronavirus: Sharply lowering Covid-19 risk for up to 10 months after first infection, study finds

Retirement can be delayed For those whose income has been hit by the Covid-19 pandemic, according to a new survey. One in four Americans say they plan to retire later as a result of the pandemic, a number that jumps to 42 percent among individuals who report losing their income during the crisis. Global food …

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Olympic sponsors have called for the Tokyo Games to be postponed to allow more spectators

Some of Japan’s biggest sponsors of the Tokyo Olympics want organizers to postpone the games for several months to allow more spectators to attend. The proposal was made privately over recent weeks, according to people familiar with the situation. The demand comes on the heels of growing frustration among some of the 47 Japanese companies …

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Son from SoftBank turns into a female gaming pioneer to change the board

SoftBank’s Masayoshi Son made a four-decade friend in April after it presented him with a list of 30 candidates to become a new member of the Japanese technology group’s board of directors. Keiko Erikawa, president of Koei Tecmo Holdings, was exactly the kind of businesswoman the billionaire founder was looking for. It brought a management …

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