NEW YORK: Pfizer sharply increased its 2021 profit projections on Tuesday, citing much higher COVID-19 vaccine sales which are on track to provide a “durable” revenue stream in the wake of the pandemic. 

PARIS: With tests, vaccinations and isolation areas, cruise ship companies are hoping for smoother sailing this travel season after fears over COVID-stricken ships rocked the industry last year. 

JAKARTA: Indonesia’s economy shrank for the fourth consecutive quarter in January-March, data showed yesterday, as the country’s leaders struggle to overcome a recession wrought by the coronavirus pandemic. 

MUMBAI: India released $6.7 billion in cheap financing for vaccine makers, hospitals and other health firms yesterday, to counter the devastating coronavirus surge gripping the country. 

NEW YORK: Wall Street edged further towards normalcy on Tuesday as the New York Stock Exchange (NYSE) withdrew some of its toughest COVID-19 restrictions and Goldman Sachs set a date for in-office work to resume. 

PARIS: French media conglomerate Vivendi and Italian rival Mediaset have agreed to bury the hatchet in their long-running legal battle over failed plans to set up Europe’s answer to US streaming giant Netflix, the two groups said.

GENEVA: The WHO pleaded Monday with the G7 to dig deep and fund the global COVID-19 recovery, warning the crisis cannot be resolved worldwide if they do not step up. 

WASHINGTON: The US economy is likely to see its fastest growth in nearly four decades this year, but the short-term inflation spike that will come with the rebound is not a cause for concern, a top Federal Reserve official said Monday. 

BUENOS AIRES: Argentina’s economic downturn, with high inflation, a deflating currency and a shortage of US dollars to invest in, has in fact proved a shot in the arm for one sector: Cryptocurrency.