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Emerging market inflows increase ninefold in June -IIF

Debt flows accounted for $23.5 billion of total, while Chinese equities attracted some $6.1 billion, the data on non-resident flows showed.

Equities outside of China reversed an outflow trend to see net inflows of $3.4 billion.

Emerging Asia was the region that attracted the most flows last month with $17.1 billion, while Latin America, with $7.3 billion, came second.

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Gilead prices Covid-19 drug remdesivir at $2,340 in developed nations

Remdesivir is expected to be in high demand as one of the only treatments so far shown to alter the course of Covid-19.After the intravenously administered medicine helped shorten hospital recovery times in a clinical trial, it won emergency use authorization in the United States and full approval in Japan
Remdesivir is expected to be in high demand as one of the only treatments so far shown to alter the course of Covid-19.After the intravenously administered medicine helped shorten hospital recovery times in a clinical trial, it won emergency use authorization in the United States and full approval in Japan.

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Patanjali takes a u-turn; says never claimed to have made Covid-19 medicine

“Patanjali has never claimed to make corona medicine.Rather, corona patients have been cured with this medicine. The drug was made under the license issued by the Ayush Ministry,” stated the reply by Patanjali Ayurved CEO Acharya Balakrishna to the notice.

“We made the combination of Tulsi Giloy Ashwagandha at an advanced level and when the clinical trials were done on the patients of Covid-19, the coronavirus patients were cured. A conspiracy has been hatched against us and if the Ayush Ministry tells us to conduct clinical trials once again then we are ready to face it,” he added.

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Digital risks continue to be the most significant threats to business:FERMA Survey

Digital risks continue to be the most significant threats to business in the short (12 months) and medium-term (3 years). Cyber threats are the number 1 risk in both time frames, and data theft and fraud are growing in importance and stand at number 4 in the short term.

Uncertain economic growth appears as the number 2 threat short term (12 months) and number 3 medium term (3 years).

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Didi installs V2X equipment in Shanghai, begins test robotaxi service

Didi last month completed a more than $500 million fundraising round for its autonomous driving unit, which has more than 400 staff globally.It is using vehicles with the Volvo, Lincoln and BYD marques in the current test.

Three-year-old WeRide, which is backed by Nissan, Renault and Mitsubishi, is testing cars in Guangzhou and has installed some V2X equipment in its test area.

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