Author Archives
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Covid Lockdown In China’s Xian May Interrupt Memory Chip Production, Warns Samsung, Micron
Two of the world’s leading memory chip manufacturers, Samsung Electronics and Micron Technology, have cautioned that tight Covid-19 restrictions in the Chinese city of Xian may interrupt their chip production operations. The city’s closure adds to an already difficult year… Read More ›
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UK Think Tank Warns 2022 Could See A Cost Of Living Squeeze
A United Kingdom think tank has cautioned that millions of families in the country would face a “year of the squeeze” in 2022. Higher energy bills, stagnating earnings, and tax increases may cost homeowners £1,200 per year, according to the Resolution… Read More ›
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Oxford University Scientist Claims Omicron Is ‘Not The Same Disease’ As Older Coronavirus Variants
According to John Bell, a regius professor of medicine at the University of Oxford and the life sciences advisor to the UK government, the terrible spectacles observed in prior Covid-19 waves are “now history.” On Tuesday, Bell spoke to BBC Radio… Read More ›
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1/3rd Of Rated Chinese Developers To Experience Cash Crunch If Sales Fall By 30%, Says Fitch
According to Fitch Ratings, as many as one-third of the 40 Chinese property developers that were assessed by the company might face a financial crunch if home sales revenue declines by 30 per cent next year. “The longer the stresses on… Read More ›
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Shoppers Refrain From Benefitting From Christmas Sales In UK With Drop In Footfall Amid Covid Fears
In the wake of ongoing Covid-19 worries, the number of consumers wanting to take advantage of post-Christmas deals on Monday plummeted by 32 per cent compared to 2019. Footfall estimates were better than Boxing Day, according to retail analyst Springboard. However, famous… Read More ›
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China Will Make Overseas IPO Rules For Domestic Firms Stricter But Won’t Impose A Blanket Ban
China intends to stiffen rules for Chinese firms seeking to get publicly listed overseas, but it would not prohibit them from trading in other countries entirely. The Chinese securities regulator recommended that any company seeking to go public in a foreign country must first get registered with… Read More ›
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Almost 100 Million Pushed Into Poverty By The Pandemic
According to the World Bank, the pandemic has pushed about 97 million people into poverty by 2020 all across the world, with many surviving on less than $2 a day. Since then, there has been little progress. “Globally, the increase in poverty… Read More ›
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Airlines Cancel Thousands Of Flights Globally With Omicron Ruining Christmas Weekend
Over the Christmas weekend, commercial airlines across the globe canceled over 4,500 flights as a growing wave of Covid-19 infections caused by the Omicron strain brought further uncertainty and suffering for holiday travelers. According to a complete record on the flight-tracking website FlightAware.com,… Read More ›
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Google Ousted By Chinese Social Media App TikTok As Favourite Online Destination
TikTok is the newest and most popular online destination in the globe. According to Cloudflare, an IT security company, the viral video app receives more hits compared to than the American search engine. TikTok dethroned Google from the top spot in… Read More ›
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Pfizer’s Oral Covid-19 Medicine Is A First For At-Home Pill For The Disease
Pfizer Inc’s antiviral Covid-19 tablet, the first oral as well as at-home treatment of the disease, was approved by the medical regulator of the United States. This is being seen as the possible new tool to fight against the very infectious and fast… Read More ›
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