The markets were shaken on Friday morning on news of newly identified and possibly vaccine resistant variant of coronavirus. The new virus was detected in South Africa, Botswana and Hong Kong, with still little known about the variant and scientists are working to understand its potential implications, concerned that its unusual combination of…

Profits of the US investment banking giant Goldman Sachs Group surged well above expectations in the first quarter, as the company capitalized on pandemic-driven boom in equity trading. Total revenue more than doubled to $17.7 billion in Q1, financial advisory revenue came in at $1.1 billion, while an unprecedented rise in private firms merging…