Author: News Desk

Washington : Novavax is cutting about a quarter of its global workforce as the COVID-19 vaccine maker seeks to slash expenses while dealing with uncertain future revenue. The company said Tuesday that it expects to trim next year’s costs for research and development as well as selling, general and administrative expenses by about 40% to 50% compared to 2022. The company has 1,992 full-time employees. A Novavax representative said the cuts will affect about 20% of that workforce, or nearly 400 people, and some of the vaccine maker’s contractors. Novavax’s protein-based vaccine debuted long after alternatives from companies like Pfizer,…

Manama : In line with His Majesty King Hamad bin Isa Al Khalifa’s commitment to protecting the Islamic religion, His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, directed the Minister of Education to immediately halt any changes made to the Kingdom’s educational curricula that are not compatible with Bahrain’s national values designed to protect religion and its core pillars. His Royal Highness ordered the Minister of Education to ensure educational curricula adhere to Islamic teachings, in line with the National Action Charter and the Constitution. His Royal Highness reiterated that the Islamic religion is…

Dublin :  Ryanair will order 150 Boeing 737 Max planes with an option for 150 more, marking the biggest aircraft purchase in the Irish airline’s history and a boost for Boeing. At Boeing’s list prices, the deal would be worth more than $40 billion if Ryanair exercises all the options, but airlines routinely get deep discounts. Financial terms were not disclosed. Ryanair CEO Michael O’Leary said Tuesday that the planes will replace some of the airline’s older Boeing jets and provide room for growth. The airline selected the largest version of the Max, which O’Leary said will have 21% more…

Manama : His Majesty King Hamad bin Isa Al Khalifa today deputised HM the King’s Personal Representative, His Highness Shaikh Abdulla bin Hamad Al Khalifa, to attend the ceremony which was hosted yesterday by the UK Embassy to the Kingdom of Bahrain at the Diplomat Hotel, marking the Coronation ceremony of His Majesty King Charles III of the United Kingdom of Great Britain and Northern Ireland and Head of the Commonwealth. HH Shaikh Abdulla bin Hamad Al Khalifa was welcomed on arrival by the UK Ambassador to the Kingdom of Bahrain, Roddy Drummond, ministers, senior officials, ambassadors and embassy’s staff.…

Wellington : Authorities in Auckland declared a state of emergency as flooding again hit New Zealand’s largest city. Further north in the city of Whangārei, a high school student was missing after a school group that was exploring caves got into trouble when floodwaters hit. Fire and emergency crews said they had responded to more than 200 calls, most of them in Auckland. Many were for floodwaters entering buildings, but they had also responded to landslides, falling trees and trapped cars. Severe weather has plagued the North Island this year. In January, four people were killed when floodwaters hit Auckland.…

London : Gold prices flitted in a narrow range on Tuesday ahead of U.S. inflation data, which investors will scrutinize for clues on the Federal Reserve’s policy path. Spot gold was up 0.3% at $2,027.08 per ounce, as of 0520 GMT. Prices traded in a tight range of about $8. U.S. gold futures were unchanged at $2,033.90, Reuters reported. U.S. consumer price index (CPI) data is due on Wednesday. If the inflation report comes in hot and fans worries of another Fed rate hike in June, gold prices could eventually drop to the $1,950-$1,920 level, said Ajay Kedia, director at…

Washington :  There has been plenty of excitement in recent decades about planets detected orbiting various stars beyond our solar system. But planets provide an incomplete picture of the complex framework that exists around stars, leaving out components like the belts of rocky and icy debris orbiting our sun. Scientists on Monday unveiled observations by the James Webb Space Telescope showing new details about such features around a luminous star called Fomalhaut in our own neighborhood of the Milky Way galaxy. These observations of three concentric dusty rings of debris orbiting Fomalhaut provide the fullest view to date of such…

Manama : Economic Development Board (Bahrain EDB), is set to host the second Quarterly Business Law Forum for 2023. With these forums, Bahrain EDB aims to establish a platform to facilitate a space for stakeholders and experts to regularly discuss and debate topical issues, learn about the latest developments in the realm of business law and assess the need for improving existing laws or the introduction of new laws to improve the ecosystem for doing business in the kingdom. In line with its mandate to attract investment opportunities and enhance Bahrain’s investment climate, Bahrain EDB champions regularly reviewing existing business legislation and establishing…

Manama : University of Bahrain (UoB) is hosting the fifth edition of the Youth Forum for Entrepreneurship “MicroShabab”, organized by the Future Youth Association, 21 – 23 May. The forum is under the patronage of His Highness Shaikh Khalid bin Hamad Al Khalifa, First Deputy Chairman of the Supreme Council for Youth and Sports, Chairman of the General Sports Authority and President of Bahrain Olympic Committee. HH Shaikh Khalid expressed his happiness with the launch of the fifth edition of the youth forum for entrepreneurship “Micro Youth”, which is considered one of the important youth forums that aim to develop…

Manama : The Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa, today met with the Minister of Finance and National Economy and Chairman of the Board of Directors of the Bahrain Mumtalakat Holding Company (Mumtalakat), HE Shaikh Salman bin Khalifa Al Khalifa, at Gudaibiya Palace. The meeting took place following HRH the Deputy King’s directive to appoint Khalid Amr Al Rumaihi to the Mumtalakat Board of Directors and Shaikh Abdulla bin Khalifa Al Khalifa as Chief Executive Officer of Mumtalakat. His Royal Highness highlighted Mumtalakat’s wide-ranging partnerships and its successes in promoting the Kingdom’s economic growth and…