In a year that was marked by devastating storms and cold snaps in the United States, 2021 was recorded as the second most expensive year on record for the insurance companies of the world, according to Munich Re. The firm… Read More ›
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The Mandarin Oriental In New York Will Be Bought By Asia’s Richest Man For $98 Million
Mukesh Ambani, Asia’s richest man, has purchased a majority interest in the Mandarin Oriental in New York City for slightly over $98 million. The hotel’s parent company, a Cayman Islands-based firm controlled by the Investment Corporation of Dubai, was acquired… Read More ›
New Study Finds T-Cells From Common Colds Can Protect Against Covid-19
An Imperial College London study released on Monday indicated that high numbers of T-cells from common cold coronaviruses have the ability to protect against Covid-19, which could inspire the development of techniques for the development of second-generation vaccines. While there… Read More ›
28.9% Drop In Its 2021 Revenue Expected By Due To US Sanctions
Huawei, the Chinese telecoms giant, stated on Friday that sales for this year will be 634 billion yuan ($99 billion), down 28.9% from the previous year. Sanctions imposed by the United States, a semiconductor scarcity, and a global decline in… Read More ›
UK Bank Santander Pays Out $175 Million On Christmas Day by ‘Mistake’
The British bank Santander got into the Holiday spirit this year by paying out £130 million ($175 million) in error to customers on December 25. Santander stated in a statement released Thursday that the total amount was spread among 75,000 transactions… Read More ›
There Will Be High Inflation Inequality In 2022, Warn Economists
Economists fear that the coronavirus pandemic has ushered in a new era of inflation disparity, with poor people bearing the brunt of growing prices. This is because a larger amount of their budget is allocated to cost-increasing areas. Food, for… Read More ›
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 ›
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 ›
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 ›
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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