The process of development of crypto currencies by the central banks, known as central bank digital currencies or CBDCs, has been accelerated by the emergence of the novel coronavirus pandemic globally. The pandemic related crisis has not only forced millions to stay at home in order to prevent the spread of the novel coronavirus but…
The deep slump in demand for air travel because of the novel coronavirus pandemic globally has forced German airline Lufthansa to say that it will be slashing 22,000 jobs. While expecting the very slow recovery in demand for air travel, the German anticipates that it will be left with about 100 fewer aircraft after the…
Allegations against the video conferencing company Zoom had temporarily shut down the account of a United States based group that supports human rights in China after the group had organized an event on the platform to remember the Tiananmen Square massacre of China. The group described the incident of blocking their account as outrageous. The…
A bipartisan group of U.S. lawmakers have introduced a bill which aims to provide more than $22.8 billion in aid to U.S.-based semiconductor manufacturers. The development comes at a time when the Trump Administration is making efforts to spurr the construction of chip factories in the United States. Chip factories come with a hefty price…
A new study has suggested that the novel coronavirus pandemic could have hit the Chinese city of Wuhan as early as in late summer of 2019. This was the conclusion of the study that was conducted by Harvard and Boston University and was based on an analysis of satellite imagery and search engine trends. The…
A new report on the airline industry of the United Kingdom has warned that a jobs crisis in British aviation industry that is comparable to the scale of the coal mining industry’s collapse during the 1980s was on the cards because of the grounding of air travel during the coronavirus pandemic. This report from the…
In a significant development, the Federal Communications Commission (FCC) voted unanimously to a proposal which sets a record $225 million in fine against Texas-based health insurance telemarketers for allegedly making around 1 billion illegal robocalls. The FCC’s orders named John C. Spiller II, and Jakob Mears, who used businesses, including Rising Eagle and JSquared Telecom…
In a statement that sees Japan’s Fujifilm Holdings Corp stepping up its pivot towards healthcare, the Japanese giant said, it will spend $928 million to double its capacity at a drug manufacturing facility in Denmark, which it has pledged to use for producing COVID-19 treatments. Fujifilm Holdings Corp’s investment in Fujifilm Diosynth Biotechnologies will expand…
According to a report from The Times, the contact tracing app of Britain’s National Health Service (NHS) is scheduled for launch for the next tranche of easing lockdown restrictions at the start of July. Late last month, Britain had said it was dealing with technical issues related to the app, which was seen as a…
Alphabet’s Inc’s Google Inc stated, it is adding features to its Maps app which will alert users about COVID-19-related travel restrictions to help better plan their trips. The Google Map update also allows users to check how crowded a train station is likely to be at a particular time, or whether buses running on a…
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