In a statement on Wednesday, the World Health Organization said, preliminary evidence indicates that COVID-19 vaccines may be less effective against transmission and infection from the Omicron variant of the coronavirus; it also carries a higher risk of reinfection. As… Read More ›
Economy & Finance
Eight Chinese companies, including DJI, to be placed on Entity List
As per a report from the Financial Times, the U.S. Treasury is slated to place 8 Chinese companies including DJI, on the Entity List, for alleged involvement in surveillance of the Uyghur Muslim minority. With the move the Biden Administration… Read More ›
China’s property market will continue to decline in 2022: S&P
Already under pressure, China’s property market is faced increased headwinds in November following cash crunch among developers and faltering demand. Prices for new homes fell by 0.3% month-on-month in November marking the biggest decline since February 2015. In October, home… Read More ›
Almost 85% Of All Bitcoins That Can Ever Be Produced Have Already Been Mined
Since the introduction of bitcoins 13 years ago, almost 85% of all the possible bitcoins have been mined. According to crypto experts, however, mining the remaining bitcoins will take longer – over 100 years. Recent statistics show that bitcoins have… Read More ›
Australia signs $716.5M critical mineral deal with South Korea
Australia has signed a $716.5 million (A$1 billion) defense deal with South Korea aimed at boosting Seoul’s ability to grow its military exports. Under the terms of the deal, South Korean defence company Hanwha Corp will build 30 self-propelled howitzers… Read More ›
Double doses of vaccination will not neutralize Omicron variant: Oxford study
Two doses of COVID-19 vaccinations will not suffice to neutralize antibodies against the Omicron variant of the Coronavirus, found British scientists. They further found that those who have been previously infected or vaccinated may face increased infections. Researchers from the University… Read More ›
Israel-UAE hold historic meeting, Iran continues to be in focus
In the first ever public meeting, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan played host to Israel’s prime minister Naftali Bennett, following the formalisation of Israel-UAE ties in 2020. Ahead of the talks, Israeli ambassador to Abu Dhabi… Read More ›
US Space Force conducts space war simulations to test resilience of US satellite communication networks
Weeks after Russia shot down an ageing communication satellite, the United States has begun testing the resilience of its satellite communication networks in order to deter threats from China and Russia. The computer-aided simulations included potential shooting down of U.S…. Read More ›
Biden Administration orders immediate stop in financing new carbon intensive fossil fuel projects overseas
According to US diplomatic cables, the Biden Administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects abroad and prioritize global collaborations towards clean energy technology. The move is aimed at ending US financial support… Read More ›
Britain considering all options if Russia invades Ukraine
In a significant development, British foreign minister Liz Truss said, Britain is considering all options in the event of a Russian invasion of Ukraine. She highlighted the fact that Britain has used economic sanctions in the past to send diplomatic… Read More ›