The first successful Kidney transplantation test From a Pig on a human patient in medical history!
Doctors successfully performed an animal-to-human kidney transplant for the first time, possibly for the first time in medical history. The 54-hour surgical procedure to transplant a pig’s kidney into a brain-dead human was performed by Robert Montgomery, a transplant surgeon from New York. New York University Langone Health in New York City performed the procedure. […]
Australia’s Westpac flags $950 mln profit hit, led by institutional banking
SYDNEY, Oct 12 (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) said on Tuesday it will take a one-off charge of $956 million against its second-half profit mainly due to a weaker earnings outlook at its institutional banking unit as well as remediation charges. The country’s second-largest lender by market capitalization said a protracted period of low rates, […]
The real estate market appears to be shaky as a result of China’s Evergrande crisis!
The Evergrande Real Estate Group is regarded as one of China’s largest property developers. On the Fortune Global 500, it was ranked 122nd. According to reports, the company is planning to sell a significant portion of one of its businesses. This deal appears to be worth more than $5 billion. However, if the deal goes […]
Samsung’s best quarterly revenue in three years is fueled by rising chip prices!
On Friday, Samsung Electronics Co Ltd reported a 28% increase in revenue, owing to rising memory chip prices as well as display revenues from the latest smartphone launches. The world’s largest memory chip and smartphone manufacturer forecasted a profit of 15.8 trillion won ($13.3 billion) for July-September, which was lower than the 16.1 trillion won […]
EXCLUSIVE US electronics firm struck deal to transport and hire Uyghur workers
QINZHOU, China, Oct 7 (Reuters) – U.S. remote-control maker Universal Electronics Inc (UEIC.O) told Reuters it struck a deal with authorities in Xinjiang to transport hundreds of Uyghur workers to its plant in the southern Chinese city of Qinzhou, the first confirmed instance of an American company participating in a transfer program described by some rights groups […]
Big banks target South Africa’s informal saving clubs’ cash
JOHANNESBURG, Oct 7 (Reuters) – Thandi Mkhabela’s money used to slip through her fingers. Now the 34-year-old mother of four earns interest on monthly savings has paid off debts and is planning to extend her house in a township just outside Johannesburg, without ever dealing with a bank. Mkhabela’s improved financial footing came after she […]
European business growth hurt by supply issues, pricing in Sept -PMIs
LONDON, Oct 5 (Reuters) – Business growth across Europe remained strong last month but elevated inflationary pressures put a dent in demand while ongoing supply issues constrained activity, issues which are likely to continue, a survey showed on Tuesday. Although many restrictions imposed to contain the coronavirus pandemic have now been lifted in the region, […]
Stocks Rebound, Treasuries Fall Ahead of Jobs Report
Stocks rebounded from Monday’s rout and Treasuries fell as investors assessed the state of the economy before a key payroll report Friday. An ISM reading on the U.S. services sector activity came in better than expected Tuesday, likely keeping the Fed on track to announce a pullback in bond-buying. The gains helped ease concerns of […]
Interruption of Facebook, Whatsapp, and Instagram; Zuckerberg loses $6 billion in 6 hours!
On October 4th, billions of people around the world had trouble logging into their Facebook accounts. Several users took to Twitter to see if the problem was with their network or if the Facebook-owned apps had truly gone down. It took nearly 6 hours for access to its social media platforms, including Instagram and WhatsApp, […]
Goldman shrewdly grabs McKinsey cast-off
Few people can claim to have worked at both Goldman Sachs and McKinsey. Kevin Sneader joined the investment bank just six months after leaving the CEO of a management consulting firm. Installing someone who agreed to a $573 million opioid settlement and dealt with a slew of other issues may seem unusual for a bank […]
