News That Matters

Tag: firm

99% confident that coronavirus vaccine will work, says Chinese firm

99% confident that coronavirus vaccine will work, says Chinese firm

Technology
Chinese scientists working on a COVID-19 vaccine have told Sky News they are "99%" sure it will be effective.Sinovac, a Beijing-based biotech company, currently has its coronavirus vaccine in stage 2 trials, with more than 1,000 volunteers participating. Sky News is the first British broadcaster to visit its labs. The company also said it is in preliminary talks to hold stage 3 trials - the final part of the trials process - in the UK. Image: Samples of the vaccine are being worked on Sky News asked Luo Baishan, a researcher at Sinovac, whether he thought the vaccine would be successful."Yes, yes. It must be successful… 99% [sure]," he replied.
Huawei: What would happen if the UK ditched the Chinese firm?

Huawei: What would happen if the UK ditched the Chinese firm?

Technology
Huawei's future in the UK is in doubt - again.The consequences could affect how quickly improved internet access is rolled out and how much it will cost. This a time when the country's economy is already in a precarious state because of the coronavirus pandemic.The catalyst for a potential rethink is the US's move to restrict the firm's ability to buy chips, which was justified on "national security grounds".On Sunday, the UK's National Security Centre (NCSC) confirmed it was examining what impact this would have on the UK networks that use Huawei's tech.That sounds quite vague. But it potentially paves the way for a government U-turn.In January, the prime minister gave the green light to continued use of the firm's tech in mobile and broadband networks, ...
Methane observing firm eyes UK for key base

Methane observing firm eyes UK for key base

Science
The Canadian-based space company GHGSat says it intends to set up a global centre in the UK to analyse the emissions of greenhouse gases.The firm currently flies the spacecraft making the highest resolution measurements of methane (CH4) in the atmosphere.This satellite is the first in a planned network of orbiting observers. The British centre's job will be to take their data and assess the sources of emissions worldwide.For methane - an extremely potent greenhouse gas - these sources could be oil and gas facilities, agriculture, hydro-electric dams, coal mines and landfills.Already, GHGSat is working with operators to identify and plug leaks.It is estimated that 10 million homes could be heated with the methane escaping - largel...
Fintech firm Adyen posts 34% surge in first-quarter revenue as coronavirus bolsters online payments

Fintech firm Adyen posts 34% surge in first-quarter revenue as coronavirus bolsters online payments

Finance
Pieter van der Does, chief executive officer of Adyen.Simon Dawson | Bloomberg | Getty ImagesDutch financial technology firm Adyen reported rising revenue and core profits in its first-quarter results Tuesday, as the coronavirus pandemic boosted online payments but impacted on margins.The company posted total first-quarter revenue of 135.5 million euros ($ 146.9 million), an increase of 34% from a year earlier. Adyen normally reports half-year and annual numbers, but decided to release an update on its performance at the start of 2020 due to Covid-19.Adyen's earnings before interest, taxes, depreciation, and amortization rose 16% year-on-year to 63.6 million euros, while its profit margin declined to 47%, from 56% last year due to investment into hiring and marketing and a hit to net reven...
Yes bank can’t declare firm NPA for non payment of loan due to coronavirus: HC

Yes bank can’t declare firm NPA for non payment of loan due to coronavirus: HC

Finance
New Delhi: The Delhi High Court Monday said that prima facie Yes Bank could not have declared a private company's account as non-performing asset (NPA) for its failure to pay loan installments due to coronavirus pandemic. Justice Sanjeev Sachdeva, who conducted the hearing through video conferencing, took on record the statement made by the counsel for Anant Raj Ltd that it will make payment on or before April 25, the instalment which fell due as on January 1, 2020 along with the interest accrued till the date of payment irrespective of the lockdown position. "Prima facie, I am of the view that the classification of the account of the petitioner (company) as an NPA on March 31, 2020 could not have been done by the respondent (bank). Accordingly, status quo ante is restored qua the classifi...