Hot Off The Wires - 10th November 2020
Global share markets surged to record highs after the drug companies Pfizer and BioNTech announced that their coronavirus vaccine was 90% effective in trials; S&P 500 index jumped to a record high before retreating to a 1.17% gain; the FTSE 100 rose 4.7%.
British drug giants Astrazeneca and Glaxosmithkline are still in the race for a Covid jab; however, Astra dipped 2% after the Pfizer announcement; GSK was 2.1% up; Pfizer jumped 7.7% earlier yesterday.
The UK government will issue its first green bonds to fund investment in tackling the climate crisis and aid the recovery from the pandemic, Rishi Sunak has announced.
Ocado is facing a second legal claim in as many months over allegations that it stole patents and technology from a Norwegian robotics company.
Apple has publicly reprimanded Pegatron, one of its largest suppliers, after it emerged that it employed illegal student labour to assemble iPhones.
How tall is the world's largest production tyre and who makes it?