While providing hope that the current global supply shortage of semiconductors for the auto industry will stabilize, according to General Motors Co.’s president the rate of stabilization of supply will be at levels much lower than what the auto industry… Read More ›
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Internal Government Dissent Over India’s Plans For Stricter E-Commerce Rules: Reuters
India’s plans to tighten regulations on its rapidly growing e-commerce market have run into internal government dissent. According to a report published by the news agency Reuters based on memos of the government seen by it, the Ministry of Finance… Read More ›
Covid-19 Death Toll In America Has Already Surpassed Estimates Of 1918 Influenza Pandemic
The 1918 influenza pandemic, described by experts as “the deadliest in human history”, had killed at least 50 million people worldwide, noted the Centers for Disease Control and Prevention. That is equivalent to 200 million in terms of present day’s… Read More ›
Global Refining Capacity Demand Could Be Cut By Half By 2050 Due To Advent Of Electric Vehicles
According to a report published by consultancy services firm Rystad Energy, there will likely be a 50 per cent drop in demand for oil refining capacity of the world by 2050 because of the efforts across the world to shift… Read More ›
China’s Possible Lehman Moment – The Potential Collapse Of Evergrande
Questions are being raised about whether China is facing its own Lehman Brothers moment – wherein the fall of a single company is powerful enough to disrupt markets all around the world. This is because of concerns of a possible… Read More ›
Former World Bank Chief Kristalina Georgieva Denies Report Of Pro-China Pressure On World Bank Report
Allegations that she had exerted pressure on World Bank staff to change a methodology to favour China during her time as World Bank CEO, were denied by Kristalina Georgieva, who is currently the chief of the International Monetary Fund. A… Read More ›
Nearly 2 Mln People A Year Are Killed Because Of Working Conditions, Says UN Agency Report
Every year, almost 2 million people die because of work related reasons, including form illnesses related to working long hours and from air pollution, showed a recent report published by United Nations agencies. In 2016, 1.9 million people all across… Read More ›
India Delivers More Than 22.6 Million Covid-19 Vaccine Doses On Friday
More than 22.6 million people in India were administered a single dose of vaccine in just one day on Friday which was three times the average daily total doses administered during the past month. A number of states of the… Read More ›
More Than Sixty South Korean Crypto Exchanges To Suspend Services
Customers of more than 60 cryptocurrency exchanges in South Korea will be required to be informed of a partial; or complete suspension of trading on the exchanges by Friday midnight in response to a new regulation that is to come… Read More ›
More Covid-19 Vaccines Need To Be Sent To Poor Countries, Urge IMF And World Bank
Countries that have already achieved high rate of vaccination against Covid-19 were urged by the International Monetary Fund Managing Director Kristalina Georgieva and other multilateral-organization leaders to increase their efforts to deliver more doses of the vaccines to low and… Read More ›