Shares increase as the US FDA approves Novavax’s revised COVID injection.

The modified COVID-19 vaccine from Novavax has been approved by the U.S. Food and Drug Administration for use in emergency situations in people 12 years of age and older, the agency announced on Tuesday. Shares of Novavax increased 12% to $7.95. The Maryland-based company, which only has the updated COVID vaccination on the market, has … Read more

Analysis: Europe navigates China-US competition in choppy waters

Gordon Brown, a former British prime minister, spoke out loudly about the anxiety that has been gradually beginning to reverberate throughout European political halls of power at a World Trade Organisation event in September. In response to the possibility that competition between China and the United States could result in a world with two hostile … Read more

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Market highlights include: Nestle, HDFC Bank rise; Axis, SBI lose; Bank, Auto drag Sensex by 300 points.

Share market updates: On Wednesday, most heavily weighted sectors, including Bank, Finance, Auto, and Metal, lost ground, with the Sensex and Nifty recovering just slightly to close down 0.4%. Auto stocks are hampered by mixed September sales indicators, while Bank and Finance stocks declined due to concerns about the possibility of an extended period of … Read more

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US supply chains are too dependent on China, according to Treasury’s Yellen.

According to U.S. Treasury Secretary Janet Yellen, the US has to diversify its supply sources since it has grown excessively reliant on China for key supply chains, particularly those involving clean energy items. Yellen reiterated her steadfast position that the United States does not seek to economically separate from China while speaking at a Fortune … Read more

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Slice, a fintech firm, and North East Small Finance Bank have merged.

In the lone case of a fintech business merging with a small finance bank, North East Small Finance Bank (NESFB), based in Guwahati, and Slice, a fintech credit and payments startup, have announced a merger between the two entities. A first-of-its-kind move in the fintech and banking sectors, the deal has been approved by the … Read more

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August saw a surge in job openings, reaching their highest level since May.

The number of unfilled positions in the US grew in August, prompting concerns about whether the labour market is slowing down quickly enough to satisfy the Federal Reserve, which is considering hiking interest rates further to fight inflation. According to the most recent Job Opening and Labour Turnover Survey, or JOLTS report, which was released … Read more

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