With the aim of strengthening its presence in the lucrative area of gene therapy treatments that is used for the development of treatments for neurodegenerative diseases such as Parkinson’s, drug making giant Eli Lilly and Co will by acquiring Prevail Therapeutics Inc in a deal that is worth about...

Apple intends to release between 95 million and 96 million iPhones in the first half of 2021, both old and new models, Nikkei reported citing sources. That's a 30 per cent increase over the same period this year. "Planned production for the next quarter and next year has been determined and the...

Startup Boom Technology, developing the first supersonic passenger aircraft since Concorde, has become a "unicorn": its estimate after the next round of funding has exceeded $ 1 billion. In six years, the company promises to begin test flights of the liner, which can fly twice as fast as existing...

Airlines all of the world are being warned about taking extra care while reactivating planes left in extended storage during the Covid-19 pandemic. According to regulators, insurers and experts, airlines could face issues with possible rustiness of pilots who have not flown for a long time, errors...

Payment company MasterCard may have to pay £ 14bn ($ 18.6bn) to UK residents. Last Friday, the country's Supreme Court ruled admissible a class action lawsuit from residents of the country, which has been contested for four years, Bloomberg reports. A claim on behalf of 40 million British consumers...

AstraZeneca will buy an American developer of drugs for rare diseases for $ 39 billion. This will strengthen the position of the creator of the Oxford vaccine in the treatment of complex diseases, including blood diseases. The pharmaceutical company AstraZeneca has agreed to buy the American...

The biggest initial public offering (IPO) of 2020 in eth United States saw the share prices of Airbnb Inc more than double in their stock market debut on Thursday which pushed the market value of the home rental company at just over $100 billion.   Airbnb’s IPO also epitomised a year at the...

Hyundai Motor Group said on Friday that it will be purchasing an 80 per cent stake in robot maker Boston Dynamics from SoftBank Group Corp   In the deal, the robot company was valued at $1.1 billion, Hyundai said, which indicates that the South Korean auto company has offered $880 million...

Europe's largest tour operator Tui has published its accounts for fiscal 2020 (ended 30 September). Due to the COVID-19 pandemic, the company's losses for the reporting period reached €3 bln. At the same time, the company's managers noted that Tui does not expect bookings to return to normal levels...